Firedome, That Is Also Announcing a $4.5 Million Fundraising, Is Looking to Solve the Inevitable Vulnerability of Most Home IoT Devices, That Isn’t Currently Solved by Common Security Processes and Solutions
Firedome Inc, is announcing the launch of the world’s first endpoint cybersecurity solutions portfolio, specifically tailored to home IoT companies and manufacturers.
Firedome’s solutions are designed to close critical security gaps that are a byproduct of the IoT era. Home IoT devices have become “low hanging fruit” for attackers due to the lack of regulation and budget limitations. Cryptojacking, DDoS and ransomware attacks are only a few examples of cyber crimes that are threatening the smart home ecosystem and consumer privacy. Home IoT device companies, some of which are holders of extremely known and popular brands, are at risk of being held responsible for harmful breaches and attacks.
Due to the low margins in this industry, manufacturers have trouble implementing high-end cybersecurity solutions. Moreover, Cybersecurity vendors tend to focus more on other verticals, such as industrial IoT. Lastly, the smart home industry requires a unique solution, given that most connected devices are low in CPU and memory on the one hand, but do not lean on other security protection (i.e. not behind the corporate security line) on the other.
Firedome has developed not only solutions that the smart home industry technicalities, but also business models that allow these companies to implement top-quality endpoint cybersecurity solution and maintain their bottom line.
The ‘Firedome ‘Endpoint Protection’ solution includes:
- A lightweight software agent that can easily be added to any connected device (during the manufacturing process or later on, ‘over the air’),
- A cloud-based AI engine that collects and analyzes aggregated data from multiple fleets around the world, produces insights from each attack (or attack attempt) and optimizes them across the board.
- An accompanying 24/7 SOC team that responds to alerts, runs security researches and supports Firedome customers.
Unlike other popular, static and widely used cyber best practices, such as ‘Security by Design’, the Firedome solution adds a dynamic layer of protection. It is not only designed to prevent attacks from occurring in the first place, but also to identify attack attempts and respond to breaches in real time, thereby eliminating damage potential until a firmware update is released.
The Firedome Home Solution enables industry players to provide their consumers with cyber protection and security insights for the entire home network. This non-intrusive solution allows any home IoT company to offer advanced cybersecurity capabilities, digital welling, and advanced remote support to their users, thereby enhancing their product offering and creating an additional revenue stream.
The company has recently announced it was selected by Universal Electronics Inc., the worldwide leader in universal control and sensing technologies for the smart home, to provide Cybersecurity Features to the Nevo Butler Digital Assistant Platform product.
According to Moti Shkolnik, Firedome’s Co-founder and CEO: “We are very excited to formally launch our suite of services and solutions for the home IoT industry and we strongly believe they have the potential of changing the Home IoT cybersecurity landscape. Device companies and other ecosystem players are craving a solution that is tailored to their needs and business constraints, a solution that will address the vulnerability that is so evident in endpoint devices. Home IoT devices are becoming a commodity and the industry must address these vulnerabilities sooner rather than later. That’s why our solution is a ‘must-have’ rather than a ‘nice-to-have'”