Israeli startup Morphisec has received an award from the U.S. Department of Homeland Security’s
Israeli cybersecurity startup Morphisec Ltd. announced on Wednesday that it has received an award from the U.S. Department of Homeland Security’s Science and Technology Directorate. The purpose of the award is to support the development and testing of a cybersecurity product intended to protect financial institutions against attacks without reducing the overall performance of virtual desktop infrastructure (VDI).
The project objective is the development of a product that will prevent attacks to financial institutions without reducing the overall performance of VDI environments. The award is part of the DHS S&T’s Silicon Valley Innovation Program (SVIP) and the first award in the Financial Services Cyber Security Active Defense Technologies category to an international company.
The one-year project is divided into four phases, each funded by a $200,000 grant. While the DHS has committed only for the initial investment of $200,000, if Morphisec is successful it can expect to receive the full $800,000 award.
Morphisec offers an entirely new level of innovation to customers in its Endpoint Threat Prevention platform, delivering protection against the most advanced cyberattacks. The company’s patented Moving Target Defense technology prevents threats others can’t, including APTs, zero-days, ransomware, evasive fileless attacks and web-borne exploits. Morphisec provides a crucial, small-footprint memory-defense layer that easily deploys into a company’s existing security infrastructure to form a simple, highly effective, cost-efficient prevention stack that is truly disruptive to today’s existing cybersecurity model.