Who’s been hacked?
If you think your safe, you may want to think again. Watch Tony break down how Cipherise can help you keep the cyber criminals out.
Who and where are the client sweet spots for Fortcode?
An international perspective from Todd Bell, US based Enterprise CISO.
Were excited for our first episode of Forticode’s vLog to be released. Let us know what you think.
Tell us what we should cover in our next episodes and what topics your like to see us go deep on.
As a very interested cyber security onlooker, I remember the days when locking your front door was the most effective type of security, those days are gone.
Your door may shut, it may be locked, security guard at the ready, but, in the digital environment is your business really safe?
The answer is maybe, but is maybe good enough, well, the short answer is no.
My name is Farah Sobey and I’m here today talking with Tony Smales, founder and CEO of Forticode. Creators of the most revolutionary product in cyber security. Cipherise.
Firstly, can you tell us a bit about mandatory disclosure?
Mandatory disclosure is a legislative requirement that has been put down by the Australian Government. It’s designed to cause organizations to report a breach of information whether it be an internal breach against employees or against customer information. The goal of the legislation is when the breach occurs, the individual, if its of a serious nature, will actually be notified that a breach has occurred and the organization has obligations legal and also corporate to rectify the situation that caused the breach in the first place. The gray area is the definition of a ‘serious breach.’ The decision has been made is that if the breach impacts the person directly so it’s a piece of personal information ie: your address, tax file number, a bank account then that has serious implications back to the individual so that is where a data breach notification must occur.
What are the costs to business and do we know any hard facts on this?
The costs are multiple. In a reputation sense, the, in say an industry such as insurance, you will actually get a situation where a breach against one provider, will give opportunity to another provider to steal market share, in traditionally very difficult to leverage customers across, from one provider to another. There will be financial implications, so a particular breach can have a $300K or a $1.8m implication, depending on the type of breach and how it came about and then there is also the legislative process that will cause legal implications. One of the things that comes about on this is, is that cyber insurance, which currently protects and provides insurance back to organisations, will become harder to attain and what it will cover will start to get narrowed depending on nature of breaches and the frequency.
So they say the best medicine is prevention, how does Cipherise prevent this from ever being an issue?
So Cipherise is designed to allow people to take back control of the security information that allows them to access services. So the best example I can give, is your front door example, at the moment, you’ll hand out multiple keys to your house, so there will be 20 organisations that have the ability to provide information that you verify against. It says yes, I’m going to deal with the bank, the government or the employer. The goal of Cipherise is that we get rid of all of the copies of the keys and you end up with one, that you control personally.
… before Christmas and our data all housed,
Not a light was a’ flashing, though our suspicions aroused.
The server room locked and backed up with care
In hopes we’d return with no hacker in there
But a hacker won’t sleep. They’re far from their beds
As visions of passwords dance in their heads
While the security network need only nap
No time to settle, “That Data’s on tap”
When in through the system, a digital chatter
Arose the IT geek to exclaim “What’s the matter?”
Away to the Windows, machine in a flash
Entry is breached they’re in to our cache
When what to our eyes should become very clear
Our miniature champion we know is in here
The moon rises high, a sigh, as we go
The lustre of Cipherise, protects us you know
With all of our drivers, so ready and quick
I knew at a moment it must be OneTick
Secure like a shield, prepared when they came
No data, no passwords, not even a name
No dashes, no answers, but with great conviction
No commas, no hash-tags, but every restriction
No Systems were breached, no entry at all
Your basement, O’ hackers, Dash away all!
It’s simple, secure but always beware
Don’t let the night, become a nightmare.
Safe and secure, every thing’s right
Happy Christmas to all, and to all a good night!
Have a safe and Happy Festive Season from all of us at Forticode
…we’ll talk again in 2018.
13 December 2017: Download Media Release
Forticode has been recognised by Gartner, a leading global technology research and advisory company, in their latest report ‘Market Guide for User Authentication’.
The Gartner Report, published on 16 November 2017, provides insights and recommendations for businesses and organisations navigating through the issues of security in an expanding digital environment. The Report includes Forticode as one of forty Global Representative User Authentication Vendors.
Forticode is a Melbourne-based start-up cyber security company specialising in user authentication innovation to eliminate the threat of information and credential theft using the unique program Cipherise.
Cipherise transforms the user’s mobile phone into a digital key using a phone-as-a-token authentication program and mobile push app. Cipherise creates a personally-held digital identity that is never replicated or shared.
The Gartner Report found a growing need for mobile push methods in the user authentication market.
“User and customer experience as well as trust improvements, together with a desire to reduce total cost of ownership, fuel interest in new methods, such as mobile push,” the Report stated.
“Gartner projects that mobile push will become the dominant phone-as-a-token method over the next one to two years”.
Tony Smales, CEO and Founder of Forticode, stated the digital world and the associated risks continue to evolve and grow.
“There are so many exciting opportunities by being connected and engaging in a digital world, but there are also risks which need to be managed,” Mr Smales said.
“Each day many of us upload parts of our lives, work and information on the internet through various platforms and devices which can difficult to keep track of.”
“Cipherise gives control back to the user in a simple and easy to use platform, to stop personal information falling into the wrong hands.”
Forticode has recently partnered with EY to provide state of the art cyber security solutions through Cipherise. Forticode will initially focus on providing cybersecurity support to EY in Australia, with plans to expand to support organisations across Asia-Pacific.
Matthew Mahon, Royce, 0413 101 860
Alexander Baranikow, Royce, 0438 838 322
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
28 November 2017: Download Media Release
Forticode is excited to announce an important relationship with EY that will see Forticode provide state of the art cyber security solutions with EY through the innovative and unique authentication platform, Cipherise.
Forticode is a Melbourne based cyber security company specialising in authentication innovations that eliminate the threat of information and credential theft while improving customer engagement. In the digital age where people’s identities and digital footprints are shared through the internet, across mobile devices and in the hands of third-parties, Cipherise gives control back to the user.
Cipherise creates a personally-held digital identity that is never replicated or shared. Cipherise also reduces the risks of security breaches for administrators through the use of a decentralised system.
Richard Watson, EY Asia-Pacific Cyber Security Leader said the firm looked forward to offering its clients improved cyber security in a growing digital environment thanks to Forticode and Cipherise.
“The Forticode Team has come up with a simple yet highly innovative way of providing strong authentication and an excellent customer experience which will better protect the working world,” Mr Watson said.
“The simplicity of Cipherise, combined with its practicality, will see an increased adoption of this ground-breaking solution.”
Tony Smales, CEO and founder of Forticode, said he was excited by the opportunity to work with EY and provide a solution to tackle increasing cyber risks and challenges.
“The team at EY have been outstanding to work with – from the first meeting where we demonstrated how Cipherise can best protect people and organisations in the digital world and how we can achieve quality client outcomes; everyone from EY has been supportive and enthusiastic,” Mr Smales said.
“Many organisations are initially sceptical of the benefits and capability of Cipherise as it comes across as being too simple or too good to be true.
EY’s team immediately seized its global potential and have been working with us to set a clear and achievable path to delivering the future of digital security.”
Forticode will initially focus on providing cyber security support with EY in Australia, and over time will expand to support organisations across Asia-Pacific.
Matthew Mahon, Royce, 0413 101 860
Alexander Baranikow, Royce, 0438 838 322