CyberPoint spins out IoT security company - Technical.ly Baltimore

Business

May 6, 2016 9:24 am

CyberPoint spins out IoT security company

AKUA will initially focus on security for the data-collecting sensors used by logistics managers.
Distribution centers like this one use IoT technologies that CyberPoint’s new spinout aims to secure.

Distribution centers like this one use IoT technologies that CyberPoint's new spinout aims to secure.

(Image courtesy of Amazon)

Tempering the promise that Internet of Things is truly going to connect our appliances and cars to the internet, there’s been a consistent chorus of warnings that security will be a major issue.

A dramatic example came when hackers remotely destroyed a Jeep last year, but the data that could be vulnerable creates a more lucrative, if less fiery, form of risk.

Now one of the city’s bigger security companies believes IoT security is a big enough issue to create a standalone company around it.

CyberPoint International announced on Thursday that it is spinning out AKUA. Led by Neil Furukawa, the company will focus on selling what was once CyberPoint’s IoT platform.

While cars and home appliances are useful ways for writers to introduce the IoT threat, AKUA will initially focus on B2B sales for supply chain logistics. It’s based on the increasing belief that sensors can create more data for businesses as they look to decrease variables when managing large volumes of goods or products.

It’s another spinout for CyberPoint. Last year, the company created PivotPoint Risk Analytics to help businesses analyze security risks.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Tenable acquires industrial cybersecurity company for $78M

Microsoft hosts Women in Cyber panel to talk careers, connections [Events Roundup]

These Maryland cyber startups got $1M contracts at an Air Force pitch day

SPONSORED

Baltimore

How independence fuels confidence and professional development at SmartLogic

Baltimore

SmartLogic

Operations Manager

Apply Now

Philadelphia, PA

Vistar Media

Software Engineer

Apply Now

Baltimore, MD

SmartLogic

Chief of Staff

Apply Now

Cybersecurity startup Code Dx wins $2M seed investment at DataTribe Challenge

Westminster’s MAGIC draws 88 teams for Capture the Flag cybersecurity competition

Cybrary’s $15M Series B will be used to expand its cybersecurity training platform

SPONSORED

Baltimore

How this lawyer is helping entrepreneurs bark up the right tree

Philadelphia, PA - Center City

Odessa

Sr. Business Analyst, ERP Implementations

Apply Now

Baltimore, MD

SmartLogic

Developer

Apply Now

Philadelphia, PA

URBN

IT Recruiter

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!