Summary
"Cyber threats have evolved from relatively harmless to powerful dangers to businesses with implications on the bottom line,
reputation, privacy & more. In its 2019 Global Risk Report, the World Economic Forum lists cyber threats as #4 in terms of likelihood,
& #7 in terms of impact. According to an Accenture report the accelerating cost of cybercrime in 2017 was 23% more than in it was in
2016 & it’s costing organisations, on average, €10.5M.With our ground-breaking CYBER-PDR solution, the business opportunity is
clear. We anticipate potential annual revenues of €87M by 2022.
Illusive enables the most effective & earliest attacker detection attackers by stopping lateral movement, & empowering rapid triage
through risk-awareness & real-time attack intelligence. Illusive’s technology is scalable, noiseless, easy to operate, & invisible to
attackers. Illusive frustrates attackers’ lateral movements toward crown jewels in several important ways, thereby altering reality to
prevent, detect, & respond to attacker movement.
The team is 90 strong globally, consisting of top cyber-attack specialists & pioneering cyber technology entrepreneurs with decades
of collective experience in cyber warfare & cyber intelligence. Prior to establishing Illusive Networks, Ofer Israeli was an entrepreneur
in residence at Team8, Israel’s leading cybersecurity think tank & company creation platform.
The overall aim of this project is to expand into the EU market. Our commercialisation activities will include: 1) Forge a strategic
alliance with Cybertrap & market a shared development with their decoy; 2) Implement 960 demos & 160 POCs, part of which will be
fortune 500 companies in banking, & insurance across Europe; 3) Build a pipeline in Europe; 4) Scale up operations; 5) Attend &
speak at strategic events & tradeshows to build exposure in Europe; 6) Obtain all relevant regulatory & compliance certifications, &
register additional patents & trademarks."
reputation, privacy & more. In its 2019 Global Risk Report, the World Economic Forum lists cyber threats as #4 in terms of likelihood,
& #7 in terms of impact. According to an Accenture report the accelerating cost of cybercrime in 2017 was 23% more than in it was in
2016 & it’s costing organisations, on average, €10.5M.With our ground-breaking CYBER-PDR solution, the business opportunity is
clear. We anticipate potential annual revenues of €87M by 2022.
Illusive enables the most effective & earliest attacker detection attackers by stopping lateral movement, & empowering rapid triage
through risk-awareness & real-time attack intelligence. Illusive’s technology is scalable, noiseless, easy to operate, & invisible to
attackers. Illusive frustrates attackers’ lateral movements toward crown jewels in several important ways, thereby altering reality to
prevent, detect, & respond to attacker movement.
The team is 90 strong globally, consisting of top cyber-attack specialists & pioneering cyber technology entrepreneurs with decades
of collective experience in cyber warfare & cyber intelligence. Prior to establishing Illusive Networks, Ofer Israeli was an entrepreneur
in residence at Team8, Israel’s leading cybersecurity think tank & company creation platform.
The overall aim of this project is to expand into the EU market. Our commercialisation activities will include: 1) Forge a strategic
alliance with Cybertrap & market a shared development with their decoy; 2) Implement 960 demos & 160 POCs, part of which will be
fortune 500 companies in banking, & insurance across Europe; 3) Build a pipeline in Europe; 4) Scale up operations; 5) Attend &
speak at strategic events & tradeshows to build exposure in Europe; 6) Obtain all relevant regulatory & compliance certifications, &
register additional patents & trademarks."
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/879953 |
| Start date: | 01-01-2020 |
| End date: | 31-12-2021 |
| Total budget - Public funding: | 3 532 500,00 Euro - 2 472 750,00 Euro |
Cordis data
Original description
"Cyber threats have evolved from relatively harmless to powerful dangers to businesses with implications on the bottom line,reputation, privacy & more. In its 2019 Global Risk Report, the World Economic Forum lists cyber threats as #4 in terms of likelihood,
& #7 in terms of impact. According to an Accenture report the accelerating cost of cybercrime in 2017 was 23% more than in it was in
2016 & it’s costing organisations, on average, €10.5M.With our ground-breaking CYBER-PDR solution, the business opportunity is
clear. We anticipate potential annual revenues of €87M by 2022.
Illusive enables the most effective & earliest attacker detection attackers by stopping lateral movement, & empowering rapid triage
through risk-awareness & real-time attack intelligence. Illusive’s technology is scalable, noiseless, easy to operate, & invisible to
attackers. Illusive frustrates attackers’ lateral movements toward crown jewels in several important ways, thereby altering reality to
prevent, detect, & respond to attacker movement.
The team is 90 strong globally, consisting of top cyber-attack specialists & pioneering cyber technology entrepreneurs with decades
of collective experience in cyber warfare & cyber intelligence. Prior to establishing Illusive Networks, Ofer Israeli was an entrepreneur
in residence at Team8, Israel’s leading cybersecurity think tank & company creation platform.
The overall aim of this project is to expand into the EU market. Our commercialisation activities will include: 1) Forge a strategic
alliance with Cybertrap & market a shared development with their decoy; 2) Implement 960 demos & 160 POCs, part of which will be
fortune 500 companies in banking, & insurance across Europe; 3) Build a pipeline in Europe; 4) Scale up operations; 5) Attend &
speak at strategic events & tradeshows to build exposure in Europe; 6) Obtain all relevant regulatory & compliance certifications, &
register additional patents & trademarks."
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
Geographical location(s)
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