TrapX has created a new generation of deception technology that provides real-time breach detection and prevention. Our field proven solution deceives would-be attackers with turn-key decoys (traps) that \u201cimitate\u201d your true assets. Hundreds or thousands of traps can be deployed with little effort, creating a virtual minefield for cyberattacks, alerting you to any malicious activity with actionable intelligence immediately.<\/p>\n\n\n\n
One of TMCnet’s sister sites covered<\/a> the company in 2017 where Moshe Ben-Simon, co-founder and vice president of TrapX Security, said the WannaCry ransomware is another example of the accelerating trend of organized crime using ransomware, and that this is happening on three fronts. That includes the deployment of purpose-built ransomware being deployed en masse, such as in the WannaCry attack. <\/p>\n\n\n\n On another sister site Steve Morgan listed<\/a> the company as a cybersecurity company to watch – this was back in 2015.<\/p>\n\n\n\n Our colleague Ken Briodagh reported on a TrapX IoT report in 2015 related to IoT cybersecurity and suggested the following<\/a> which are still relevant today:<\/p>\n\n\n\n TrapX just got a series C of $18 million<\/a> to protect IoT networks and SCADA.<\/p>\n\n\n\n “This round of funding will help propel TrapX as we embark on our growth stage of the company. Global expansion and continued R&D innovation will be the catalyst for highly regulated industries and those plagued with legacy infrastructure are increasingly turning to TrapX to detect and deceive today’s cybercriminals,” said Moshe Ben-Simon, CEO of TrapX Security.<\/p>\n\n\n\n Ori Bach, General Manager of TrapX Security added, “As we look to the future of TrapX, it is obvious that deception is now a part of the core foundation of security architecture, leading to real-time breach detection and prevention.”<\/p>\n\n\n\n The reason for deception technology is quite simple. The threats from casual hackers, terrorists, organized crimes and nation states continue to grow. For example, in the past few weeks, Iran has been stepping up its attacks on IoT networks via Silex<\/a> and Microsoft Outlook via APT33<\/a>.<\/p>\n\n\n\n