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Comments Off on Amazon Quietly Purchased a Cybersecurity Firm — Here’s 3 Ways Amazon Could Use the Technology

Amazon Quietly Purchased a Cybersecurity Firm — Here’s 3 Ways Amazon Could Use the Technology

Posted by Admin | January 12, 2017 | IT Security

Amazon’s cloud business, AWS, quietly purchased cyber security company harvest.ai for around $19 million, according to TechCrunch.

While Amazon hasn’t yet confirmed the acquisition, cybersecurity is an increasing concern for businesses, particularly as more of the global workforce turns mobile. 

Around $655 billion will be spent on cybersecurity initiatives globally between 2015 and 2020, BI Intelligence estimates. 

Harvest.ai uses a combination of AI and machine learning — a sub-segment of AI — to search for, find, and analyze changes in user behavior, key business systems, and applications to stop targeted attacks before customer data can be stolen.

There are three ways in which Amazon could use harvest.ai’shnology:
– To ramp up AWS security. Cloud implementation is one of the more complex emerging technologies that enterprises have to consider. The high pressure that IT security professionals face to implement cloud solutions is compounded by the perceived high security risk to business data, according to the 2016 Security Pressures Report from Trustwave. Providing better security could help dissuade these fears, and drive even greater adoption and use of Amazon’s public cloud segment, AWS, by businesses. 
– To serve as a fourth prong to Amazon’s growing list of AI offerings. In December 2016, Amazon opened up its machine-learning capabilities to enterprises as a service. These services included image recognition, text-to-speech, and conversational apps. Amazon could fold harvest.ai’surity tech into these services, opening it up to companies looking for AI-infused security for their own products. 
– To make Amazon’s team of AI engineers more robust. As AI tech advances, so do nefarious processes aimed at weakening and breaking into the vast troves of data these services maintain. Moreover, Amazon is working hard to get Alexa, its virtual assistant, into as many homes and in front of as many consumers as possible. The acquisition could be a way for Amazon to stay ahead of malicious attacks and security risks. 

BI Intelligence, Business Insider’s premium research service, has compiled a detailed report on cybersecurity that details the current landscape for companies in critical infrastructure sectors, as well as how companies can protect their control systems from hackers.

Source: uk.businessinsider


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