The RSA Conference 2024 will kick off on May 6. Known as the “Oscars of Cybersecurity,” the RSAC Innovation Sandbox has become a benchmark for innovation in the cybersecurity industry. Let’s focus on the new hotspots in cybersecurity and understand the new trends in security development.
Today, let’s get to know Harmonic Security.
Harmonic Security was founded in August 2023, headquartered in San Francisco, USA. According to data from LinkedIn in April 2024, Harmonic Security has 11 to 50 employees currently. Harmonic Security aims to help organizations securely adopt AI. Two slogans are highlighted on its website: “Paving the way for secure AI adoption, ensuring innovation thrives without compromise” and “Accelerate secure AI adoption without risking the security and privacy of your data.“
Harmonic Security has two co-founders. One is Alastair Paterson, currently serving as the CEO. Alastair Paterson graduated from the University of Bristol in the UK. In 2011, he founded Digital Shadows and has been its CEO ever since. Digital Shadows’ main business is to help companies monitor the Internet to identify digital risks organizations face, including network threats, data leaks, etc. The company received financing involving former UK Prime Minister Cameron and was listed by consulting firm Forrester as an industry leader in threat intelligence and digital risk. In July 2022, Digital Shadows was acquired by the ReliaQuest Group for $160 million. The other co-founder of Harmonic Security is Bryan Woolgar-O’Neil, who serves as the CTO currently. Bryan Woolgar-O’Neil graduated from the University of Strathclyde. He is a long-time partner of Alastair Paterson and previously served as Vice President of Engineering and CTO at Digital Shadows.
Paterson pointed out that there are currently approximately 8,400 generative AI applications worldwide for various purposes, many of which are designed for different business functions of organizations. 55% of companies are piloting or have started using generative AI in formal operations. However, most of these AI applications are not effectively regulated, and their policies regarding data usage, data transmission destinations, and data security protection measures are not clear. In order to improve production efficiency, employees may use these AI applications with or without the company’s permission, which may lead to the leakage of company data and intellectual property. Therefore, most companies have to face the so-called “shadow AI” risk.
Currently, chief security officers are facing a dilemma: on the one hand, unsupervised AI usage may cause a series of data security issues; on the other hand, bluntly prohibiting this technology will diminish AI’s potential benefits. For example, companies can assist accountants in preparing annual reports by uploading CSV files to AI applications. However, without appropriate security measures, there is a risk of data being stolen by cybercriminals.
While rapidly adopting generative AI technology to enhance business efficiency and effectiveness, organizations must be vigilant about the accompanying risks. These risks involve critical internal and customer data security issues. Once data is input into third-party applications, its security cannot be guaranteed, which may lead to the leakage of company strategies, financial information, and employee personal information. Intentional or unintentional data leaks will damage the competitiveness, trust, and reputation of organizations. Moreover, the leakage of critical intellectual property may bring unfair advantages to competitors, weakening the competitive advantage of organizations. In addition, data leakage may also lead to violations of GDPR, HIPAA, PCI, and other compliance requirements, posing legal risks to organizations and their leadership.
Harmonic Security was founded with the intention of addressing the security risks posed by the rapid development of generative AI in the current era.
In summary, Harmonic Security’s solution has three main features:
A common challenge facing many organizations is that they often cannot fully understand how AI is being used in their own companies, such as tracking the use of approved and unapproved AI applications.
Harmonic Security’s AI discovery and shadow AI management solution can comprehensively monitor the AI ecosystem in organizations (including approved and unapproved AI applications), which brings better control and security. Specifically, it has the following three advantages:
Current data protection strategies face significant challenges, with traditional solutions ineffective due to frequent false positives and incomplete data labeling, increasing the security risks faced by organizations. Existing methods have shown ineffectiveness in dealing with evolving threats, leading to critical data being exposed to potential leaks and vulnerabilities. Additionally, technologies relying on old rules and regular expressions are prone to generating numerous false positives, diverting attention from real threats. Attempts to label all data often fail or remain incomplete due to high complexity and resource consumption, resulting in inadequate data protection and management.
Harmonic Security offers a simplified approach to data security, identifying all types of sensitive data and providing top-notch protection beyond the accuracy of manual review. Harmonic Security allows organizations to define their protection priorities in plain English, avoiding the complexity of handling cumbersome DLP rules. Harmonic Security’s system excels at identifying various types of sensitive data, including complex intellectual property, effectively preventing data leaks and unauthorized access, and ensuring the security of important information. Its high accuracy even surpasses manual review of every piece of data leaving the organization, providing unprecedented security guarantees, saving a considerable amount of time and resources. In summary, it has the following three advantages:
Facing a large number of false positives and alert fatigue caused by frequent user interactions, organization security teams urgently need to simplify processes to improve efficiency and enhance user satisfaction. The frequent false positives generated by data protection technologies not only waste the valuable time of security team operators but also distract them from real security threats. Additionally, security team operators need to communicate with end users constantly, and end-users’ dissatisfaction with waiting for process simplification further reduces the efficiency of the team and the smooth operation of the business.
Harmonic Security automates over 80% of data protection events by introducing a virtual security operations team, allowing security teams to focus on developing organizational policies and enhancing overall security posture, rather than manually handling false positives. Simplifying this process allows organization security teams to focus on more strategically valuable security tasks, thereby enhancing the security and resilience of the organization. In summary, it has the following three advantages:
With the stunning debut of ChatGPT, generative AI is gradually becoming widely recognized as a future trend. By reasonably and efficiently using AI tools, organizations can significantly enhance their competitiveness. However, like any technology, generative AI has pros and cons, and it is no exception. Its potential downsides and risks become more apparent as AI tools are widely applied.
Harmonic Security accurately grasps this future trend. Since its establishment in August 2023, the company has quickly emerged and, by April 2024, had entered the top ten of the RSAC Innovation Sandbox. Its two founders not only have a rich and successful entrepreneurial background but have also been deeply involved in the cybersecurity field for many years. We believe that Harmonic Security will achieve even greater success in the future.
The post RSAC 2024 Innovation Sandbox | The Future Frontline: Harmonic Security’s Data Protection in the AI Era appeared first on NSFOCUS, Inc., a global network and cyber security leader, protects enterprises and carriers from advanced cyber attacks..
*** This is a Security Bloggers Network syndicated blog from NSFOCUS, Inc., a global network and cyber security leader, protects enterprises and carriers from advanced cyber attacks. authored by NSFOCUS. Read the original post at: https://nsfocusglobal.com/rsac-2024-innovation-sandbox-the-future-frontline-harmonic-securitys-data-protection-in-the-ai-era/