According to the Baltimore Sun:

“A new computing facility at the National Security Agency will help the country better defend against cyber attacks , agency officials and members of Congress said Monday. The High Performance Computing Center-2 will assist in ‘front-line defense against immediate threats’ in cyberspace, Gen. Keith B. Alexander, the director of the National Security Agency and head of U.S. Cyber Command, said during a groundbreaking ceremony Monday at Fort Meade. The 600,000-square-foot facility, similar in function to an existing computer center, is scheduled to open in 2016. Officials said it would be used to help identify and combat cyber attacks — computer-based incursions into U.S. computer networks for purposes of stealing identities, intellectual property or state secrets.”

Find the full article here.

FOR IMMEDIATE RELEASE

Media Contact:

Zuly Gonzalez
443-459-1590
info@lightpointsecurity.com

LIGHT POINT SECURITY BEATS OUT MORE THAN 125 STARTUPS TO PRESENT AT TECHBUZZ SPRING 2013

Light Point Security Recognized For Innovative Malware-Free Web Browsing Technology

Columbia, MD (April 22, 2013) – Light Point Security, a cybersecurity startup that uses virtualization and cloud technologies to protect companies from web-based malware, has been selected to share its story with investors, technology executives and entrepreneurs during TechBUZZ Spring 2013. TechBUZZ Spring 2013 will be held April 23 at the Bethesda Blues and Jazz Supper Club, 7719 Wisconsin Ave., Bethesda. Light Point Security was one of 16 startups selected for this honor.

Light Point Security’s product is the first and only server-based virtual-machine-in-a-browser. It protects enterprises from web-based malware by isolating each employee’s browsing session within a server-based virtual machine that is destroyed immediately after use. By isolating the dangerous task of running websites in a disposable virtual machine, no web content ever reaches employee computers – making it impossible for web-based malware to infect a corporate network.

“We are excited to present our technology to potential customers, partners and investors,” said Beau Adkins, CEO of Light Point Security. “Being selected for TechBUZZ Spring 2013 as one of the hottest up-and-coming technology companies reinforces our place as an innovative company. We were honored to have been selected out of dozens of accomplished startups.”

Presenting companies were selected from among more than 125 diverse startups from across the region by a Mid-Atlantic Venture Association (MAVA) advisory group made up of technology business builders and active investors. The 16 startups chosen to participate will each take the stage for four minutes to describe their company, philosophy and products.

“TechBUZZ is about bringing a dynamic, proven platform for connecting promising, up-and-coming companies to seed and angel investors, corporate business partners and fellow entrepreneurs and showcasing them across the Greater Mid-Atlantic region and beyond,” said Julia Spicer, Executive Director of MAVA. “Make no mistake: every phase of building a company has its unique challenges, and for this very earliest stage start-up which must determine if a product or service genuinely addresses a need and can be commercially viable, a supportive community such as TechBUZZ, which represents all the contributors to start-up success, is essential.”

Piloted in 2010 in Baltimore, TechBUZZ was launched in May 2011 by MAVA as a half-day seed-stage conference preceding its annual Capital Connection, which features companies from growth and later-stage companies.

For more information about TechBUZZ Spring 2013, visit http://www.cvent.com/events/techbuzz-spring-april-23-2013/event-summary-e0cbd2f9e8f443eeb00abbff7943cee4.aspx.

About Light Point Security

Light Point Security is a technology startup based in Baltimore, Maryland founded by two former NSA employees. The company is dedicated to stopping malware infections delivered through web browsers. Instead of relying on security through detection, its products use virtualization and cloud technologies to provide security through isolation. For more information about Light Point Security, visit http://lightpointsecurity.com or follow us on Twitter at @LightPointSec.

 

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If your company uses the Internet to share information, you may consider amping up your cybersecurity.

According to a recent IBISWorld report, 10 growing industries will increasingly depend on cybersecurity services—ranging from data encryption to protection from malware—within the next five years.

Industries include the following:

  • Online Payment Processing Software Developers
  • Virtual Data Rooms
  • Online Insurance Brokers
  • IT Security Consulting
  • Operating Systems and Productivity Software Publishing
  • Identity Theft Protection Services
  • Financial Data Service Providers
  • Online mortgage brokers
  • Database, Storage and Backup Software Publishing 
  • Data Processing and Hosting

These industries represent a sizable portion of the national economy, which could become compromised if not protected from Internet threats, the report showed:

These industries form a growing part of the US economy, according to IBISWorld estimates, together totaling an estimated $207.1 billion in revenue in 2013. In fact, if these industries represented a country, it would have the 46th-largest economy in the world, ranking just above Algeria and below Portugal. In the five years to 2018, these industries are forecast to grow at a combined annualized rate of 7.7% to $285.9 billion, compared to projected average annual GDP growth of 3.3%. The 10 industries are also highly profitable, with an average total profit margin of 17.5%.

Find the full article through IBISWorld here.

ROCKVILLE, Md. — In recognition of the critical need to protect private-sector intellectual property and other valuable business data from a growing number of cyber threats 11 major companies have formally established partnerships with the National Cybersecurity Center of Excellence (NCCoE). U.S. Senator Barbara Mikulski, U.S. Cyber Command Commander/National Security Agency (NSA) Director General Keith B. Alexander, Maryland Governor Martin O’Malley, Montgomery County Chief Executive Isiah Leggett and Under Secretary of Commerce for Standards and Technology and NIST Director Patrick Gallagher joined the new partners for a signing ceremony today at the NCCOE’s facilities in Rockville, Md.

The center, a public-private partnership hosted by the U.S. Commerce Department’s National Institute of Standards and Technology (NIST), works with industry, academic and government experts to find practical solutions for businesses’ most pressing cybersecurity needs. The NCCoE was formed through a Memorandum of Understanding between the state of Maryland, Montgomery County and NIST.

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UPDATE: RedOwl Analytics was named a category winner of $100,000 in the InvestMaryland Challenge. Get the full story here.

Finalists in the information technology category of the InvestMaryland Challenge represent some of the most innovative start-ups in Maryland and beyond. Among the top three is cybersecurity company RedOwl Analytics.

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Maryland U.S. Senator Barbara A. Mikulski plans to participate in a signing ceremony at the National Institute of Standards and Technology for new private sector partners that will collaborate with the National Cybersecurity Center of Excellence on Monday, April 15.

According to a statement from the senator’s office:

The new partners will pledge to contribute hardware and software components and share cybersecurity best practices and personnel with the center in an effort to address current cybersecurity threats. Senator Mikulski will be joined by Governor Martin O’Malley, Montgomery County Executive Ike Leggett, Commander of U.S. Cyber Command and NSA Chief General Keith B. Alexander, and Under Secretary of Commerce for Science and Technology and NIST Director Patrick Gallagher …

The NIST signing ceremony follows Senator Mikulski’s Potomac Cyber Jobs Tour earlier this month, where she met with our nation’s cyber leaders at NSA, IARPA, the FBI and the Pentagon supporting national security and Maryland jobs. As both the Chairwoman of the Appropriations Subcommittee on Commerce, Justice and Science and a member of the Select Committee on Intelligence, where she served on the Cyber Security Task Force, Senator Mikulski has been working to make our country safer and our economy stronger.

Find more information on the event through the NIST website here.