FinDEVr Preview: DefenseStorm

FinDEVrSV16-LogoBadge copyFinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Early-bird savings end Friday, so pick up your ticket today and save your spot.

While cloud adoption of business productivity applications like Office 365 and AWS has accelerated, so too has the risk factor tied to these types of applications. DefenseStorm will discuss what to monitor and best practices for securing the cloud in the fintech space.

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Why it’s a must-see:

Securely configuring your cloud environment is the first thing you should do when deploying to the cloud, but it’s not the last. Continuous monitoring of your cloud infrastructure for security events is just as critical, but it does come with its own challenges. Learn best practices that will ensure your cloud infrastructure is truly secure.


Check out more of today’s FinDEVr previews:

FinDEVr APIntelligence

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Our FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • Flybits Earns Gartner Cool Vendor Recognition in its Platform-as-a-Service 2016 Report.
  • UpGuard Brings Better Vulnerability Detection to ServiceNow.

The latest from FinDEVr New York 2016 presenters

  • Infoworld feature on AI shares insights from OutsideIQ CEO Dan Adamson.
  • Markit partners with BitSight Technologies to enhance its Know Your Third Party (KY3P) platform.
  • NYMBUS Acquires R. C. Olmstead to Enhance Core Data Processing.
  • The WSJ calls PayPal “the new face of banking.”

Alumni updates

  • MX to power Homeownership Preservation Foundation’s digital money management app.
  • Cater Allen Private Bank to implement new core banking system from Temenos.
  • Trulioo enhances address validation in Global Gateway.
  • Token Facilitates PSD2 Compliance with New Payment Network.
  • Kabbage Named a CNBC Top Disruptor.
  • Fragmob and CardFlight Announce Integrated Partnership.
  • Xero featured as one of first New & Notable Apps on Google Apps Marketplace.
  • Banking Technology reports that Temenos is nearing a core banking software deal with Iran’s Ayandeh Bank (Future Bank).

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Praesidio Rebrands as DefenseStorm

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Seattle-based cybersecurity management startup Praesidio is now DefenseStorm after a rebrand reflecting the expansion of its mission (and be easier to spell).

The main purpose of the name change is to provide a launching point for product expansion. While protecting the financial services industry is still its core business, the company aims to expand to offer cloud security to enterprises across a variety industries. DefenseStorm notes it has had many companies outside the financial sector interested in the technology expressing, “if it’s good enough to meet banking regulations, it’s good enough for us, too.”

CEO Edgardo Nazario explains, “When we formed our company, we did so in the belief that it was time for a new approach to cybersecurity. Our name change and expansion beyond the financial services sector and the launch of our cloud security solution shows that true to our roots, we’re still on a path to shake up the cybersecurity industry…”

In a blog post announcing the change, Nazario states that DefenseStorm will be rolling out the new cloud security capabilities over the course of the next six months. According to GeekWire, the company is also anticipating another $2 million in funding, “from at least some of the same investors,” Nazario adds.

Last fall, the 23-person company raised $3.1 million, bringing its total funding to almost $5 million. In November of last year, DefenseStorm was one of 10 companies to receive the Banking CIO Outlook Award for providing cost-effective and flexible cloud solutions.

Founded in 2014, DefenseStorm CTO & co-founder Sean Cassidy took the stage at FinDEVr New York 2016 in a presentation titled, Role Based Behavior Analytics – Patterns and Anomalies in User Behavior as Indicators of Attack. In it, Cassidy explained how DefenseStorm’s anomaly detection works for banks.