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Upstream Security Raised $62m In Series C Funding Round

Upstream Security, the specialist in automotive cybersecurity and data analytics for connected vehicles, announced that it has closed a $62 million round C investment, bringing its total funding to $105 million since its inception. Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, Inc., led the latest investment, which was joined by new investors I.D.I. Insurance, 57 Stars’ NextGen Mobility Fund, and La Maison Partners. Glilot Capital, Salesforce Ventures, Volvo Group Venture Capital, Nationwide, Delek US, and others are among Upstream’s existing investors.

Upstream is a cloud-based cybersecurity and data analytics platform that taps into the massive amounts of data stored in connected vehicles and incorporates it with purpose-built artificial intelligence and machine learning technologies to empower its clients to improve business results by providing advanced security capabilities and data analytics actionable insights.

Some of the world’s largest automotive OEMs, as well as tier 1 and tier 2 suppliers, mobility service providers, and others, use Upstream’s solutions to secure millions of vehicles on the road today from cyber attacks.

 The new investment will help Upstream expand its services to current and future customers in the areas of data analytics, insurance telematics, predictive analytics, and business intelligence, while also strengthening its position in the connected car cybersecurity sector. Furthermore, the organization will continue to put resources into finding, attracting, acquiring, and retaining elite people.

 Yoav Levy, CEO and Co-founder of Upstream Security said, “We are excited to reach this important milestone and welcome new investors, who believe in our mission to unlock the value of mobility data. With today’s revolution in automotive connectivity and exponential growth in the number of connected vehicles on the road, the demand for automotive cybersecurity and data analytics solutions has increased significantly, and Upstream is well poised to tap this growth and capitalize on the business opportunities shared by our customers and partners.”  

Distributed Denial of Service (DDoS) – Everything You Need to Know

A Distributed Denial of Service (DDoS) is a cyber-attack in which the attackers seek to make an online service unavailable by overwhelming it with traffic from multiple sources. DDoS attacks account for a significant portion of security threats and latest attacks have been larger and more complex than ever before. Research firms are expecting the DDoS attack prevention market to grow 20% every year.

The Basic steps in DDoS are-

1) Detection – The DDoS attack detection involves identification of deviations in traffic flow from a normal to high traffic based on parameters like IP address, bandwidth, etc. The wide-global distribution of attacking sources makes it extremely hard for organizations to recognize real client traffic from attack traffic spread across many points of origin. DDoS detection is the key to quickly stop or mitigate attack and to do these two factors- 1) Speed of detection and 2) Accuracy of detection, play an important role.

2) Decision – Traffic is rerouted away from its target organization using DNS (Domain Name System) or other techniques and a decision must be taken whether to filter it or discard it completely. Discarding traffic completely affects an organization’s customers.

3) Analysis and Adaption – Analytics helps to gather and analyze information about the attack specific patterns such as repeating IP address range, certain processes misused. Security analytics techniques can provide a detailed comprehensive overview of attack traffic and instant understanding of attack. This information can be used to create new robust system and adapt to enhance future attack prevention.

Risk involved in DDoS attack for an Enterprise

DDoS attacks on an organization’s online service or website are time-consuming and expensive. Maximum organizations don’t have experience and technical experts to prevent DDoS attack. These attacks take down an enterprise firm in few minutes and the recovery process take several hours or weeks. An Organization’s network infrastructure comprises of a number of servers, computers and other IT assets. These may include web servers, FTP servers, email servers, ERP or CRM platforms. In a DDoS attack they are targeted resulting in downtime of organization’s business. The negative impact of such downtime can be felt by firm are expensive, it can affect website’s ranking on search engines and they may lose client’s trust, which results in revenue loss. All businesses irrespective of size and industry are vulnerable to DDoS attacks. The organizations having business records, financial data and customer information are more targeted.

DDoS Cloud based Risk Mitigation Services

DDoS mitigation services is a set of techniques or tools for defending or mitigating the effect of distributed denial-of-service (DDoS) attack on Internet-connected networks by protecting the target at various levels of network. DDoS mitigation service can be deployed as a device on an organization’s premises or in their data centers, as a cloud service or hybrid of both. In this, they filter the traffic by accessing data repository stored in the Cloud, so regular customers are not affected. These services are customizable, reliable and can be Scaled up-down as per client’s need.

Big data and ML Integrated Solutions

DDoS attacks are becoming more frequent, Sophisticated and more effective with increasing speed of internet. The pool of potential attacks is now greater than ever considering the increasing availability of attacking tools and botnets. Humans are simply not enough to deter and block DDoS attacks and companies that rely on manual DDoS security and mitigation services are not completely protected against today’s and future threats. Big data Analytics systems can store and process huge data making it possible to have complete logs of raw data like IP address, which can be analyzed with the help of machine learning algorithms to prepare solutions that can help enterprises stay one step ahead of the DDoS attackers. This sector is still in initial phase of growth, but with time they will play a huge role in DDoS attack Prevention.

The main reason behind not buying a Distributed Denial of Service Protection Solution is the cost incurred in buying a service or dedicated team. The key to understanding the extent of the effect of DDoS attacks is to realize the importance or cost of network traffic being blocked or the downtime that will cost a business in terms of trust, reputation and money.