In the News

Dyadic Security Raises $12 Million to Help Enterprises Virtualize Crypto With Hardware-Level Security Standards

Investment round led by Goldman Sachs Principal Strategic Investments, along with Citi Ventures and Eric Schmidt’s Innovation Endeavors. Dyadic Security (Dyadic), the world leader in Software-Defined Cryptography (SDC), announced today the completion of a $12 million Series B funding round led by Goldman Sachs Principal Strategic Investments, Citi Ventures and Eric Schmidt’s Innovation Endeavors. The funding round will be used to expand Dyadic’s sales and marketing operations in North America. As part of the investment, Innovation Endeavors’ Yuval Shachar has been named Chairman of the Dyadic Board of Directors. “Dyadic has changed the game for financial institutions and enterprise companies in how they protect sensitive data assets,” said Avner Mor, CEO and Co-founder of Dyadic. “Based on decades of research in Multiparty Computation (MPC), our MPC-based technology helps our customers overcome the tremendous security and compliance challenges they face as they make the transition to a cloud-based infrastructure.”

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10 Powerful Examples of Artificial Intelligence in Use Today

In a conversation with Nigel Smart, founder of Dyadic Security and Vice President of the International Association of Cryptologic Research, a Professor of Cryptology at the University of Bristol and an ERC Advanced Grant holder, he tells me that quantum computers could still be about 5 years out. Smart tells me that: “…all of the world’s digital security is essentially broken. The internet will not be secure, as we rely on algorithms which are broken by quantum computers to secure our connections to web sites, download emails and everything else. Even updates to phones, and downloading applications from App stores will be broken and unreliable. Banking transactions via chip-and-PIN could [also] be rendered insecure (depending on exactly how the system is implemented in each country).

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5 Key Ingredients for Corporate Innovation

Avner Mor, CEO of Unbound Tech, discusses the five crucial ingredients that senior management should use to help their innovation projects succeed.

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FBI, Apple battle may leave lasting legacy

“Cryptography exists,” said Yehuda Lindell, co-founder and chief scientist at Dyadic Security and author of the widely-used textbook “Introduction of Modern Cryptography.” “You can open my textbook and read it and now you will know how to write your own code and protect yourself.”

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Biometrically challenged: three-factor authentication systems too weak for web banking

Also keen to voice an opinion on this subject was Oz Mishli in his role as VP of product at Dyadic Security. Mishli spoke to SC to say that biometrics, like any other security solution, is not a silver bullet. “In many cases it does offer considerable UX and security benefits over the traditional passwords, particularly for mobile banking.”

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DROWN Security Flaw Is Bad, But It’s Not Heartbleed or OpenSSL’s Fault

Yehuda Lindell, founder of security company Dyadic, perhaps put it best. “This is not another heartbleed in the sense that heartbleed was incredibly easy to exploit,” he told The VAR Guy, adding that DROWN “is a very serious attack, but can be prevented quite easily.”

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