Archives For Cybersecurity

Maryland is the nation's epicenter for cybersecurity.

Maryland is the nation’s epicenter for cybersecurity.

Two Maryland cybersecurity companies are among a select group to have earned Cyber Incident Response Assistance (CIRA) accreditation from the National Security Agency (NSA) Information Assurance Directorate (IAD).

Bethesda-based Lockheed Martin Information Systems & Global Solutions and Maddrix, LLC, a startup cybersecurity firm in Baltimore, earned the accreditation through an assessment in 21 focus areas, including protection of critical consumer information and defense against cyber attacks. Only seven companies nationwide have completed the program.

“Lockheed Martin was honored to be designated as one of the first participants in NSA’s cyber incident response initiative, which further reinforced our commitment to customers and our cyber posture delivering Intelligence Driven Defense,” Darrell Durst, vice president of Cyber Solutions for Lockheed Martin Information Systems & Global Solutions, said in a statement. “We support the CyberMaryland program for its efforts with industry and government to enhance education and training programs, technology and innovation.”

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Maryland is the nation's epicenter for cybersecurity.

Maryland is the nation’s epicenter for cybersecurity.

A new State-supported funding resource is now available to help bolster Maryland’s cybersecurity community. The Maryland Technology Development Corporation‘s (TEDCO) Cybersecurity Investment Fund (CIF) will provide investments of up to $100,000 to Maryland companies seeking to develop and commercialize new cybersecurity products, TEDCO announced this week.

Eligible companies may represent all facets of the cybersecurity industry. Products may include devices or software that address digital network protection and computer or critical infrastructure security. Applicants must employ fewer than 16 full-time employees must have received less than an aggregate of $500,000 in equity investments from sophisticated investors.

CIF investments are expected to lead to follow-on investment and job creation, according to TEDCO.

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The fourth annual CyberMaryland Conference will return to the Baltimore Convention Center Oct. 29-30.

The conference, presented by the Maryland Department of Business and Economic Development, has become one of the State’s premier cybersecurity gatherings, spotlighting the resources that have made Maryland the epicenter of this growing industry.

Conference highlights include nationally known speakers and entrepreneurs, panel discussions on commercialization and product ventures, flash talks and pitch forums, a career expo, a showcase of innovators and a Cyber Hall of Fame Banquet, among other events.

Details and registration information will be available at CyberMaryland.org. For exhibit and sponsorship opportunities, contact Gabriel Wollner at Gabriel@fbcinc.com.

Watch how the 2013 CyberMaryland Conference promoted collaboration among industry leaders in the above video.

Demand for new cybersecurity products and technology is hotter than ever. Still, launching a cybersecurity company can be a challenge for even experienced entrepreneurs.

That’s where Catonsville-based bwtech@UMBC comes in. Of the 115 companies and research groups taking advantage of the business and technology park’s resources, nearly 50 of them are focused on some aspect of Internet safety or defense; an additional 32 companies are housed at the bwtech@UMBC’s Cyber Incubator.

According to Ellen Hemmerly, executive director of bwtech@UMBC at the University of Maryland, Baltimore County, cybersecurity is the park’s fastest growing industry focus. To assist participating entrepreneurs, the park and incubator provide educational resources, expert mentoring and an eager workforce of talented UMBC students. The park also facilitates industry partnerships and scholarships, including the Northrop Grumman Cync Program.

“The incubator is a great place to get to know the community in Maryland and have easy and quick access to resources,” Hemmerly said.

“In the community we have grown here—that has incubator companies, early-stage companies, as well as later-stage companies and government agencies involved in cybersecurity—there are a lot of partnership opportunities and opportunities for mentoring. It’s become a very engaged community where all the companies are working together,” she added.

Hemmerly also credits State resources, including tax credits, promotion and events, with contributing to Maryland’s cybersecurity growth.

Learn more about bwtech@UMBC  resources in the above video or online here.

Integrata Security is a rising star in Maryland’s cybersecurity community. Currently housed in the bwtech@UMBC Research and Technology Park, the startup has developed high-level threat detection and prevention for wireless networks through constant monitoring of all data and all channels.

CEO Mike Geppi founded the company with colleagues he met through the University of Maryland, College Park’s Robert H. Smith School of Business‘ Executive MBA program. While Integrata Security has its roots in Maryland, company leadership chose to stay in Maryland due to its abundant resources.

Integrata Security has taken advantage of assistance from and collaboration with TEDCO, Federal Laboratory ConsortiumNSAMaryland Department of Business and Economic Development and others.

“There’s a real sense of community here, between Baltimore and the D.C. Metro area, just a lot of resources. … For a cybersecurity startup, there’s really no other place that I can imagine us doing this,” Geppi said.

See the above video to hear more from Geppi on why his team chose Maryland to build their company.

A growing number of cybersecurity companies, from startups to industry trailblazers, are choosing to build their brands in Maryland.

Jeffrey Wells, Executive Director of Cyber Development with the Maryland Department of Business and Economic Development, explains why in the above video.

Wells cites a number of unique benefits to launching a cybersecurity company within Maryland’s borders, including the following:

  • Advanced technology
  • Research facilities
  • Federal agencies and military commands
  • Academic institutions
  • Trained workforce

Financial assistance is also available through the Cybersecurity Investment Incentive Tax Credit and other State and federal incentives.

For more information on the State’s efforts to stimulate the cybersecurity industry, visit CyberMaryland.

RedOwl Analytics was named Most Innovative Company at RSA Conference 2014 in the Innovation Sandbox program.

RedOwl Analytics was named Most Innovative Company at RSA Conference 2014 in the Innovation Sandbox program. Photo courtesy RSA

Maryland’s RedOwl Analytics was named the “Most Innovative Company” in the Innovation Sandbox program at RSA Conference 2014 this week in San Francisco.

Innovation Sandbox is one of the information security conference’s most prestigious programs for young cybersecurity companies. The Baltimore-based business was chosen from among ten finalists from across the nation to compete for the ”Most Innovative Company” title. Each company performed product demonstrations before a panel of industry experts.

RedOwl Analytics’ flagship product, Reveal, is a software application that uses computing, statistics and visualizations to help organizations detect patterns, anomalies and hidden risks in their data.

After accepting the award, RedOwl Analytics CEO Guy Filippelli told SCMagazine.com, “We’re really excited to see that people appreciate the human layer of security … We were fortunate to be a part of a great group of companies. We’re really blown away.”

This isn’t the first time RedOwl Analytics has been in the spotlight.

In spring 2013, the company won the top $100,000 prize for information technology in the inaugural InvestMaryland Challenge, a business competition by the Maryland Department of Business and Economic Development. The company, which was founded in December 2011, has also made news for participating in strategic partnerships and attracting venture capital investments.

RedOwl Analytics is one of more than 20 Maryland companies showing at this year’s RSA Conference. The State is represented by the CyberMaryland delegation, led by Jeffrey Wells, Director of Cyber Development within the Maryland Department of Business and Economic Development.

For instant updates of CyberMaryland events at the RSA Conference and Maryland cybersecurity companies, follow CyberMaryland on Facebook and on Twitter.

Maryland is showcasing some of most promising cybersecurity companies, government assets and educational institutions this week at the RSA Conference in San Francisco. Known as the nation’s premier information security conference, it draws approximately 35,000 attendees and hundreds of the world’s leading cybersecurity innovators.

Among conference exhibitors is CyberMaryland, which represents the State’s efforts to foster cybersecurity growth. The CyberMaryland delegation includes the Maryland Department of Business and Economic Development, the Maryland Venture Fund, the Economic Alliance of Greater Baltimorebwtech@UMBC incubator, county representatives from Anne Arundel, Montgomery County, Prince George’s and the Howard County Economic Development Authority, and Maryland’s “cyber warriors.”

CyberMaryland’s presence at the RSA Conference comes on the heels of a new agreement signed by State, federal and local officials and the National Institute of Standards and Technology (NIST). NIST Director Patrick Gallagher, U.S. Senator Barbara Mikulski, Governor Martin O’Malley and Montgomery County Executive Isiah Leggett and  celebrated the agreement, which defines the technology transfer activities and other responsibilities of each partner. The agreement also facilitates moving the National Cybersecurity Center of Excellence to a renovated 65,000-square-foot building in Rockville, owned by the Maryland Economic Development Corporation. Twenty companies, including Cisco SystemsMcAfeeMicrosoftRSA and Symantec, have agreed to provide hardware, software and assistance to the center as part of the National Cybersecurity Center of Excellence partnership.

According to Governor O’Malley, the center’s expansion marks another example of the State’s trailblazing efforts in cyber defense.

“For most of our civilization, we’ve been trying to figure out how to secure the air and the land and the water, more recently space, and now there is a fifth domain, the cyber domain. … What we need to make sure is that we capitalize on that security mission to create jobs and expand opportunities for Marylander and Maryland’s young people,” he said.

Senator Mikulski, who has long supported funding for cybersecurity projects within Maryland’s borders, also shared her enthusiasm for the center expansion.

“We want to do something about these cybersecurity threats to your personal identity, to your credit card security, to your records, be they financial records or medical records—that’s what we’re focusing on,” she said.

To follow CyberMaryland’s activities this week at the RSA Conference, like them Facebook and follow them on Twitter.

 

The second annual InvestMaryland Challenge is in full swing. If your business is in need of a jump start, check out this site for more information about the national business competition. The Challenge offers applicants free admission to networking events, social media promotion, scoring and feedback from judges, exposure to venture capital firms and angel investors and the chance to compete for more than $600,000 in prizes. Winners of the Life Sciences, IT, Cybersecurity and General Industry categories will each win $100,000 awards. Others will take home smaller grants, incubator space, consulting services and other cash and in-kind prizes. Applications are due by Dec. 6.

Judges include a distinguished lineup of industry leaders and experts in a variety of fields. Meet a selection of judges below.

Meet The Judges:

IT-robDoub

ROBB DOUB

Robb Doub joined New Markets Venture Partners in 2003. Robb is the lead administrative partner and serves as a board director for eCoast Sales Solutions and Appfluent Technology, and is lead partner or board observer for K2 Global, Kroll Bond Ratings, Navtrak, Three Stage Media, CSA Medical and TidalTV. He also serves on the board of Egeen International and the Conflicts Advisory Board of the off-shore hedge funds.

IT-daphneDufresneDAPHNE DUFRESNE

Daphne Dufresne joined RLJ Equity Partners from Parish Capital Advisors, where she was a Venture Partner managing the direct investment and co-investment program. Formerly, Ms. Dufresne was a Principal at Weston Presidio Capital with $3.4 billion of assets under management. She also served as Associate Director in the Bank of Scotland’s Structured Finance Group. Ms. Dufresne received her B.S. from the University of Pennsylvania and her M.B.A. from Harvard Business School.

LS_Christy_W_WyskielCHRISTY WILLIAMS WYSKIEL

Christy Williams Wyskiel is an entrepreneur and investor with 20 years of experience focused on the life sciences and healthcare industries. Previously, Christy was Managing Director at Maverick Capital, an equity hedge fund with $12 billion under management. She co-founded GrayBug, an ophthalmic drug-delivery company. In 2012, Christy joined the Johns Hopkins Alliance, a board charged with evaluating the commercial viability of research projects at JHU.

CS_Frederick_FerrerFREDERICK J. FERRER

Frederick J. Ferrer has over three decades of experience in the National Security, Intelligence Community (IC), Homeland Defense and Cyber. Mr. Ferrer holds a Master’s of Science in Strategic Intelligence from the National Intelligence University and serves in a number of leadership capacities, including the Maryland Commission on Cybersecurity Innovation and Excellence; National STEM Consortium Advisory Committee; and Chesapeake Regional Tech Council.

GEN_Deb_TillettDEBORAH TILLETT

As the Executive Director and President of the Emerging Technology Center in Baltimore, Ms. Tillett is responsible for management of budgetary, administrative, programmatic functions and strategic planning. Prior to joining ETC, Ms. Tillett served as president and co-founder of Immersive 3D, LLC, a technology start-up providing web-based 3D computer gaming solutions for K-20 education and offering contract-based technology services.

See the full list of judges and submit your application on InvestMarylandChallenge.org.

The Maryland Cyber Challenge is seeking a new generation of “aspiring cyber warriors” this fall at the Baltimore Convention Center. The Science Applications International Corporation, Maryland Department of Business and Economic Development and University of Maryland, Baltimore County (UMBC) announced plans for the third annual competition on Monday. 

The competition aims to attract students and young professionals to Maryland’s growing role as the “nation’s epicenter for information security excellence,” according to the competition announcement. Orientation sessions for teams within three divisions—high school, collegiate and industry and government professionals—will begin in July and August at UMBC. Teams must then pass two qualifying rounds conducted online by SAIC’s Cyber Network Exercise System. In conjunction with the CyberMaryland2013 Conference, the Cyber Hall of Fame and the 10th anniversary of National Cyber Security Awareness Month, the final rounds of the challenge will be held Oct. 8-9 at the Baltimore Convention Center. High school teams will compete in a cyber-defense challenge, while collegiate and professional teams will compete in a capture the flag scenario.

“In Maryland, we are committed to advancing cyber innovation and growing our Innovation Economy,” Governor O’Malley said in a statement. “The Maryland Cyber Challenge showcases the work of our State’s highly-skilled and talented students and professionals whose work helps to establish Maryland as the nation’s epicenter for cybersecurity.”

Additional information will be available here in the coming weeks.

Fifes and a drummer greet Cross Tech attendees at the U.S. Naval Academy.

Fifes and a drummer greet Cross Tech attendees at the U.S. Naval Academy.

Some 200 cybersecurity executives from the United States, Canada and the United Kingdom gathered in Annapolis in mid-June for Cross Tech, a two-day conference at which attendees discussed cyber solutions and showcased collaborations in information assurance between the private and public sectors.

The event, held June 10 and 11 at the U.S. Naval Academy, was part of Maryland’s bicentennial commemoration of the War of 1812 and celebrated the evolution of Canada and the United Kingdom from adversaries of the United States to the invaluable allies they are today.

Lt. Gen. Jon M. Davis, Deputy Commander, U.S. Cyber Command

Lt. Gen. Jon M. Davis, Deputy Commander, U.S. Cyber Command

Cross Tech featured presentations by top cybersecurity officials and executives, including Lt. Gen. Jon M. Davis, deputy commander of U.S. Cyber Command; Rear Admiral David G. Simpson, vice director of the Defense Information Systems Agency; Charlie McMurdie, former detective superintendent of Scotland Yard; Michael Daniel, President Obama’s cybersecurity coordinator; and Steve Hawkins, Raytheon vice president and general manager of cyber.

Cyber executives from Canada and the United Kingdom were also given the opportunity to present their technologies and companies to U.S. experts in hopes of developing international connections, partnerships and business opportunities.

Cybersecurity entrepreneurs, experts and officials gather at the Cross Tech conference, held at the U.S. Naval Academy.

Cybersecurity entrepreneurs, experts and officials gather at the Cross Tech conference, held at the U.S. Naval Academy.

For more information on Maryland’s commemoration of the War of 1812, visit starspangled200.org. Click here for more photos from the Cross Tech conference.

Cybersecurity Investment Incentive Tax Credit

Governor Martin O’Malley signs the Cybersecurity Investment Incentive Tax Credit.

Governor Martin O’Malley on Thursday signed legislation intended to foster Maryland’s cybersecurity industry through a new Cybersecurity Investment Incentive Tax Credit. The governor also signed legislation that modifies the state’s InvestMaryland program to make it easier to negotiate with venture capital firms. The bills represent major priorities of the Maryland Department of Business & Economic Development.

Funded at $3 million, the Cybersecurity Investment Incentive Tax Credit provides a refundable tax credit to qualified Maryland cybersecurity companies that seek and secure capital from an in-state or out-of-state investor.

“The passage of the bill is very exciting. It’s going to reinforce the dynamic nature of what’s happening in this industry. We started out largely with government-driven activity in cybersecurity. Now we have a lot of new companies that are developing cybersecurity products for both federal government and government in general, as well as banks, utilities and retailers. And yet, venture capital investors don’t really know much about what’s happening in this community. This is really a way of increasing our profile with those investors, and that’s going to be one of the biggest benefits with this tax credit,” said Ursula S. Powidzki, Maryland DBED Assistant Secretary of Business & Enterprise Development.

Maryland DBED Secretary Dominick Murray said the legislation complements the industry’s comparative advantage in Maryland.

“Cybersecurity is one of our strengths and you always capitalize on your strengths. We have that critical mass here, including one of the most highly educated workforces, especially in math and science. We’ve got the land, air and sea covered, but now there’s this extra domain on the Internet, and Maryland will be able to participate in protecting our nation and our state,” Murray said.

The tax credit also specifically encourages out-of-state investors to contribute to Maryland cybersecurity companies. ”We don’t have all the capital here in the state of Maryland, so we’re encouraging worldwide investment,” he added.

The governor also signed into law changes to Maryland DBED’s InvestMaryland Program Initiative

“We want to make it easy to invest in venture funds that will in turn partner and invest our money in Maryland companies,” Murray said.

Since 2012, select Maryland companies and venture capital firms have benefitted from the program, funded by $84 million raised by the state’s first online auction of premium insurance tax credits. Legislators approved adjustments to the program during the 2013 session to ensure proper authorization of investments and allow for easier negotiations with participating venture capital firms.

Find a wrap-up of business-related legislative priorities signed into law by the governor here.

Governor Martin O'Malley signs adjustments to the InvestMaryland Program.

Governor Martin O’Malley signs adjustments to the InvestMaryland Program.