Armis, the leading cybersecurity organization for IoT, OT, and IT asset management, has launched a state-of-the-art cloud-based platform, which lays out an organizational blueprint while safeguarding and warning in real-time for any attempted cyberattacks.
“We are now at the doorstep of something we have never seen – global cyber warfare, which does not happen in the dark, but right on the surface,” states Nadir Izrael; CTO and co-founder of Armis.
“In recent years, many companies have had to change their perception regarding their level of security,” describes Izrael.
“Technology has advanced rapidly, and many businesses and organizations that were used to working with local infrastructure and a few devices connected to the internet now have hundreds of thousands of connected devices (IoT) and operate on external infrastructure in the cloud.
“From a situation where everything is physical and connected via cables, they have moved to a situation where much of their work is virtual, and a good attacker needs just one weak point to penetrate.”
Armis was established by Izrael in 2015 who is an alumnus of the IDF’s 8200 unit, and Yevgeny Dibrov, the CEO of the company, who is a graduate of the technological section 81 in the special operations unit of IDF. The company provides a platform that creates a clear map of all connected devices, which can be monitored and employed to prevent attacks.
The unique and top-notch cloud-based platform of the Company offers the ability to examine the tech devices and different potential threats in real-time and to upgrade the systems accordingly. On the basis of the data obtained, the Company will upgrade and enhance its security protocols for the protection of users in real-time.
Moreover, the platform is engineered in a way that it is capable of implementing supplementary technologies as well as third-party protocols through partnerships.
“Our view is that you need to be aware of all the processes that are happening in your organization and that everything will be spread out on a map,” says Izrael.
He further adds, “Most organizations do not have this, and the map must contain all the elements that you may encounter, including network equipment and related devices that connect to the network.”
Izrael further elucidates that, in recent times, the worldwide threat map, which started in 2017 with a string of cyberattacks performed by Russia on Ukraine, has experienced an extensive change. These cyberattacks eventually influenced the entire world, inflicting the total closure of industries. Mondelez, an American food producer giant was among the sufferers of these attacks and the Company was coerced into stopping the production causing a loss of billions of shekels.
“People don’t think that someone wants to attack a company that produces chocolate,” states Izrael.
He adds, “And because of that [way of] thinking, they didn’t invest sufficiently in cyberdefense. What they realized in the wake of the attack, like other companies, is that you don’t have to be the target to be harmed by cyberwarfare. Since all your devices are connected to a network, one attack can affect several concerns and can cause serious damage.
“At the end of the day, cyberwarfare has become the most asymmetrical, cost-effective weapon that countries can use,” Izrael reports. Further adding, “At the moment, we have received an extension for a few months because Russia is engaged in the war in Ukraine, but once it’s over, we’ll hear about a new attack almost every day. If in the early 2000s, we suffered from terrorism, today cyberwarfare is the most convenient way for countries to conduct warfare, especially when there are so many organizations that would be happy to accept responsibility in place of the country that has carried out the attack.
Since its inception in 2017, Armis has significantly developed into one of the leading cybersecurity companies. Its employees have grown to more than 600 in numbers, out of which approximately 250 are working in Israel. Although it mainly runs its operations from the United States, where it operates while working for major global entities on the Fortune 100 list, Armis has already expanded around the globe and works with companies based in the East and Europe.
The company amassed $300 million at a price of $3.4 billion during November 2021. Armis quotes that it will eventually surpass the $100m mark in revenue this year. It also plans to go public in the course of the upcoming three years.
The researchers at Armis have demonstrated how they can compel such systems to smoke, as well as catch fire, exhibiting the likelihood of physical destruction exploiting a cybersecurity vulnerability. As per the data shared by Armis, approximately 8 out of 10 entities are unprotected from TLStorm vulnerabilities.
Furthermore, Armis has additionally revealed the exposé of five serious vulnerabilities, commonly referred to as TLStorm 2.0, within the execution of TLS communications in several frameworks of network switches. With the help of research on the new TLStorm 2.0, the Company uncovers the vulnerabilities that could enable a hacker to compromise the security and take the entire network of switches under grasp, being used in hotels, hospitals, airports, and different other entities around the world.
Armis, which mainly offered services for the security of particular tech environments and vital infrastructures, like hospitals and factories, currently offers expertise for all industries and services. As of now, the company is aiming for strategic collaborations to enhance and improve the Israel-based ecosystem in the cyber world.
Wrap up
Cybersecurity remains a grave concern all around the world. With the ongoing developments in the field of internet, the attackers are also becoming smart enough to hack and compromise the security systems of critical industries and services. Armis aims to counter the threats and attacks by cybercriminals by providing its state-of-the-art platform to all the industries and organizations around the globe.
