[ISN] Siemens Backs Israeli ‘Predictive Malware’ Cyber Firm CyActive

http://blogs.wsj.com/digits/2014/09/18/siemens-backs-israeli-predictive-malware-cyber-firm-cyactive/ By CHRISTOPHER ALESSI Wall Street Journal – Digits Sept 18, 2014 The venture capital unit of German industrial giant Siemens said Thursday it was investing an undisclosed sum in Israeli cyber-security startup CyActive. Launched in 2013, CyActive gained traction earlier this year when it was accepted into the Cyber Labs startup incubator, an investment vehicle backed by Jerusalem Venture Partners and Ben-Gurion University of the Negev. CyActive’s business focuses on industrial and utility companies—high-risk targets for cyber security attacks. Industrial systems often operate continuously and are rarely taken offline for security updates, explained CyActive Chief Marketing Officer Danny Lev. The company’s approach starts from the premise that most hackers are unlikely to create entirely original viruses. Advanced threats “always have at least one recycled or adapted program,” Lev said. […]