Washington, DC, January 19, 2018 --(PR.com
)-- Vericen announced today that it has raised US$ 2.9 million in equity and debt funding to establish a new cybersecurity services division.
The company had previously, in 2015, invested in a Hong Kong-based cybersecurity startup that caters to a large number of financial and public sector clients in the Asia-Pacific region to address the growing issue of organization-wide login vulnerabilities.
Cybersecurity has been at the heart of some major issues including the alleged interference of the Russian government in the U.S. elections in 2016. A recent breach at Equifax, a credit-reporting company, affected up to 143 million people. Moreover, in the past three years alone, login-related incidents at other major consumer and business services providers, such as LinkedIn, Twitter and TeamViewer, have involved more than 1 billion user accounts.
"Most systems utilizing open source software, such as Linux, are generally highly secure if rightly configured and always kept up to date. The problem is with the administrators of these systems. Hackers target users with legitimate access instead of attempting to break into the systems directly," said James Bailey, interim-vice president of Information Security at Vericen.
"Why spend months or even years to break into a system, or attempt to crack encryption, when you can steal credentials from a user with the right access quite easily," Bailey further added.
In addition to critical end-user authentication security products, Vericen also plans to provide security audit and other relevant Information Security (IS) services to its clients — both in the United States and abroad.
Vericen is an American multinational firm providing a range of strategy, consulting, digital, technology operations services and solutions through more than 90 strategic IT partners in 23 countries. For more information, visit http://www.vericen.com/ or call us at +1 (844) VERICEN (837-4236).