VZ - Cyber Startup Secures 7 Million Networks 500 Million Connected Devices – SAM Seamless Network Protects Customers Of Verizon Virgin Media Orange And Bezeq | Benzinga
Sivan Rauscher, former 8200 Military Intelligence officer, Co-founder and CEO of SAM Seamless Network (SAM)
A small startup headed by a former officer in Israel's elite 8200 Military Intelligence cyber unit is silently protecting 500 million connected devices in more than seven million homes and businesses around the world.
This is the age of the Internet of Things (IoT) with millions of smart devices connected by Wi-Fi. From garage doors to smartwatches, all have access to private Wi-Fi, and many were designed without any attention to security. Once hacked, they provide a gateway into home and business networks where cyber criminals can wreak havoc, stealing personal information and holding entire companies to ransom.
"In the US, an average household has 22 connected devices," says Sivan Rauscher, a former 8200 officer and Co-Founder and CEO of SAM Seamless Network, an Israeli startup at the forefront of securing millions of IoT devices on a global level. "We record an average of 16 attacks a day on every network."
Fueled by the spread of 5G wireless technology, the growth of smart devices snowballed during the pandemic – and the numbers keep growing. By the end of 2024, experts expect there will be more than 17 billion IoT devices connected worldwide. These are not just tablets or smartphones but include everything from household heating systems to online factory machinery. Many of the smart devices will also be enhanced with artificial intelligence, capable of making autonomous decisions.
With this increased connectivity come major security concerns.
"When you have more connected devices in your perimeter, you're opening more back doors into your data," says Rauscher, a rare female CEO in ...