Asia’s largest cybersecurity conference recognizes LABS/02 portfolio company ITsMine
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Beijing/Jerusalem– August 6, 2018 – ITsMine, a cybersecurity company focused on protecting organizational data has been named one of the top ten most innovative cybersecurity startups at China’s 2018 ISC Conference. ITsMine, the only company selected outside of Asia, was recognized for its new approach to data protection, and the first fully automated DLP solution.
ITsMine CEO Kfir Kimhi said, “China’s cybersecurity market is growing very fast – more than thirty-percent in 2017. This growth has led to an increase of investments in R&D by large companies, as well as increased investments in startups. It is a great honor to participate in the largest cyber event in Asia, and to be chosen for this prestigious award.”
Kimhi who delivered the 2018 ISC keynote speech on “insider threats,” warned the audience that their networks are under attack from the inside and explained what red-flags companies should look out for to protect their data.
“Today, companies treat internal and external threats in the same manner, when in fact they are very different,” said ITsMine CEO Kfir Kimhi. “Insider threats cannot be prevented with a defensive approach, and organizations must move to an offensive approach in order to secure their data.”
Tan Xiaosheng, Executive Chairman of 2018 ISC said, “Data is the new currency. Today, the ten largest enterprises in the world produce nothing other than data, and yet all of this data remains vulnerable. In conjunction with the conference, we selected the top ten most innovative cybersecurity startups, one of which was ITsMine, an Israeli startup, which offers a cutting-edge solution to this major problem of data vulnerability. It’s important to note that ITsMine was the only company outside of Asia selected for this honor.”
ITsMine is a part of the OurCrowd Labs/02, seed stage incubator portfolio, which focuses on cutting-edge technology that will shape the future in innovative areas including AI, deep learning, autonomous transportation and smart cities. ITsMine’s participation in the ISC conference is part of an increasing interest by key Chinese companies in ITsMine’s technology and Israeli cybersecurity companies overall.
About ITsMine: The ITsMine solution offers a new approach to Data Loss Prevention (DLP), guaranteeing protection from internal and external attackers, without hindering the workflow of employees. ITsMine’s fully automated solution reduces the deployment time and maps out the organization data to provide the best protection. For more information visithttps://www.itsmine.io/.
About OurCrowd Labs/02: OurCrowd Labs/02 is Jerusalem’s seed-stage incubator, centered at the heart of the city’s innovation scene. The incubator’s core mission is to advance cutting-edge technology that will shape the future in innovative areas including AI, deep learning, autonomous transportation and smart cities. Labs/02 invests in outstanding and highly motivated founders, and leads them with a hands-on, mentorship-driven approach. The incubator’s program is designed with a boot camp feel to help founders jumpstart their companies towards success. OurCrowd Labs/02, located in Jerusalem, is a partnership between OurCrowd, Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum (the Technology Transfer Company of The Hebrew University of Jerusalem.) The incubator is part of the world famous Israeli incubator program administered by the Israel Innovation Authority (formerly the office of the Chief Scientist.) For more information visit: www.labs02.com or email info@labs02.com.
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Press Contact:
Leah Stern, OurCrowd, Director of Communications
UK: +44 747 019 6826
E: leah@ourcrowd.com
