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Entrepreneur Matt Mahvi dispells 5 common misconceptions about cybersecurity

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As the cybersecurity realm continues to expand, so do the myths that surround it. And nobody can understand this as better as Matt Mahvi, Founder and CEO of StaminusCommunications. Distributed globally, Staminus is a pioneer in Distributed Denial of Service (DDoS) attack mitigation and cybersecurity. Most recently the company has introduced hybrid DDoS mitigation technology.

Mahvi believes that if we ever have to get anything done effectively in securing the digital world, we need to demystify the following cybersecurity myths first.

Investment in Cybersecurity Will Hurt Your Bottom Lines

Matt Mahvi says that it is quite expensive for companies to protect themselves against DDOS attacks, considering the cost of equipment, bandwidth, and staff. However, having cybersecurity software can do wonders, and it could be saving your grace during a DDOS attack. Matt further highlights this with the example of PayPal, which suffered sporadic outages for nearly a week, costing them over USD 5 Mn in a flash.

DDOS Attackers Only Target Large Businesses

The thought that DDOS attackers are only interested in large enterprises is what Matt Mahvi regards as one of the most dangerous cybersecurity myths. The fact is DDOS attacks happen to every industry – big or small. Matt further believes DDOS attacks are not just for financials and similar stuff; they happen to everybody.

IT Companies Do Not Fall For DDOS Attacks

While many IT companies are significantly efficient and aware of suspicious activity, they are human just like everybody else and do commit mistakes now and then. To support this, Matt Mahvi talks about Staminus Communications, which became a victim of a security breach in 2016 that led to the leakage of confidential details of its customers.

You Do Not Have to Dig Deeper

For Matt, not monitoring the system network holistically is like submitting a term paper with zero revisions. He banks on a fully automated, deep packet inspection rather than flow-based as the latter does not provide much data. In order to indicate to stop slow, complex attacks, it is crucial to create heuristics and signatures against these attacks with deep analysis, with the data.

Using Routers As Firewalls for Network Security

Matt believes that routers must be used as routers, not firewalls. It is best to leave the routers to do what they are designed for – which is to route. Firewalls can run at 14 Mpps in a 6-core CPU and allow doing 32 static blocking and whiting listing. That is thousand of static signature blocks and it is all due to dynamic reauthorization.

With ample knowledge of how hackers work, and about the cyber attacks that are occurring at any time across the world, Mahvi’s debunking of these cybersecurity myths is highly beneficial in the digital space in the coming years.

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Wiz will pay $450 million to acquire Cloud Remediation Startup Dazz

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Wiz revealed on Thursday that it will buy channel-focused company Dazz in an agreement to add cloud remediation capabilities to the vendor’s cloud and AI security platform.

With features like application security posture management and continuous threat and exposure management, Dazz provides a remediation-focused cloud security platform.

Jared Phipps, a seasoned cybersecurity industry executive who most recently worked for SentinelOne, was hired by Dazz in February as its CRO as the business sought to expand its collaboration with channel partners. Presidio, situated in New York, has been one of the key partners.

Dazz said in July that it has raised a $50 million round of funding, increasing its total funding since its 2021 launch to $110 million.

Dazz provides a “industry-leading remediation engine,” according to a post published on Thursday by Wiz Co-Founder and CEO Assaf Rappaport, which will allow Wiz to “empower security teams to correlate data from multiple sources and manage application risks in one unified platform.”

This is Wiz’s third purchase overall and its second acquisition of 2024 after the company’s April acquisition of cloud detection and response provider Gem Security.

Wiz, a four-year-old startup, reported in May that it had raised $1 billion in new capital at a $12 billion valuation, citing its continued strong development in the cloud and AI security areas. Annual recurring revenue (ARR) for the business reportedly increased from $350 million earlier this year to above $500 million.

After making a number of management additions aimed at facilitating quicker partner-driven growth, Rappaport stated in February that Wiz would prioritize its channel operations moving ahead.

I“In cybersecurity partners are super, super important in the success of a company. So we’ve always [seen that] this has huge potential for us to tap into. I think there is so much more we can do,” he stated at the time.

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ProRata, an AI startup, Teams up with UK Publishers after reportedly Hitting $130 Million in Valuation

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A number of well-known British media outlets have joined ProRata, an AI firm that claims to compensate publishers for the usage of their work, in its expanding network of partnerships.

The Los Angeles-based firm announced on Wednesday that it has signed licensing deals with publishers such as Sky News, the Guardian, and the Daily Mail’s publisher, DMG Media.

In a recent Series A funding round, ProRata raised $25 million from investors such as the Mayfield Fund, Prime Movers Lab, and Revolution Ventures.

“ProRata’s founder and CEO Bill Gross said his firm’s AI technology is the only one that pledges to credit and compensate creators, while providing users with accurate search results.

“We have had hundreds of content owners and media companies reach out to us from around the world who are interested in piloting our technology. Stealing and scraping content is not a sustainable path forward,” he continued.

Similar alliances have previously been formed by ProRata with the German publisher Axel Springer, the Atlantic, Fortune, Time, and Universal Music Group (UMG).

Media firms are offered reasonable compensation by ProRata for the use of their content. The startup’s in-house technology may determine the proper amount of pay by evaluating the worth of the information used to create responses from an AI platform. This would make it possible to pay copyright holders for their work on a per-use basis.

Gross had previously said that AI platforms have been using “shoplifted, plagiarized content,” which fosters an atmosphere in which “disinformation thrives and creators get nothing.”

Gross is recognized for having created the pay-per-click model of internet search monetization with his business, GoTo.com, which was eventually acquired by Yahoo! in 2003.

In a recent blog post, Tige Savage, a cofounder of Revolution, stated that Bill Gross is a serial entrepreneur with extensive experience in monetization techniques.

“He’s attracted a world-class tech team led by AI luminary Tarek Najm to implement the vision and an accomplished business team, including Annelies Jansen and Jonas Lee to drive content and AI partnerships,” Savage continued.

The unpaid use of copyrighted materials by OpenAI and other tech companies to train their AI systems has led to litigation from media companies and other content creators.

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Film Bazaar Unveils an Interactive Cinema App from an Indian Tech Startup

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Arjun Nittoor, the founder of the Indian technology firm Vireza, disclosed at Film Bazaar that the company is creating a new mobile application that would transform the experience of watching movies in theaters by enabling viewers to engage with the films in real time.

The technology, which was created wholly in-house at the company’s research and development department in Bengaluru, allows viewers to use their smartphones to vote on important plot points during the movie. To keep up with the current screening, patrons download an app before entering the theater and scan a QR code at their seat.

“The film industry is one of the few sectors where the audience experience has seen minimal technological disruption in theatres,” Nittoor stated. “While screen and sound quality have advanced and 3D has been partially adopted, the viewing experience has largely remained the same for decades.”

The screen automatically brightens to show voting options and dims again when choices are made. The system uses discreet phone notifications to encourage audience participation around every ten minutes.

In 2026, Vireza intends to introduce the technology with a full-length interactive movie that will be produced in both English and South Indian for international distribution. The business is presently in the development stage and will shortly start doing multiplex chain trial screenings.

CtrlMovie’s prior success in the interactive film industry was mentioned by Nittoor. CtrlMovie is well-known for “Traces of Responsibility” and “Late Shift.”

In order to overcome the difficulties in cinematography, editing, shot composition, and writing that plagued previous attempts at the format, the firm has spent five years creating what Nittoor refers to as “a new science of filmmaking” that is especially tailored for interactive cinema.

“Despite the proliferation of viewing devices, big-ticket films continue to draw massive crowds to theatres, with box office numbers higher than ever,”  Nittoor stated. “This demand underscores the potential for a meaningful technology shift that could draw audiences out of their homes and into cinemas.”

Other Asian businesses are likewise investigating audience-driven narrative in motion pictures. In February of the following year, Japan’s King Records intends to release “Hypnosis Mic – Division Rap Battle,” an animated interactive film.

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