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€1bn in Cyber Security Research Funding Evaluated, Revealing Academic Trends and Threats for 2019 and Beyond

Betty Tűndik

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Crossword Cybersecurity plc (AIM:CCS), the cyber security technology commercialisation company, has today released insights from its global review of academic cyber security research. The new database looked at nearly 1,200 current and past research projects from academic institutions in the United Kingdom, United States, Europe, Australia, and Africa. It reaffirmed the value of the cyber security research market, with reported funding of EU projects at over €1 billion.

The database identified several global trends by comparing the periods January 2008 to June 2013 with July 2013 to December 2018.

  • Cyber Physical Systems (CPS) – Over 100 projects were found in this area alone, a significant figure. The United States appears to be the most active in CPS research, with a focus on securing critical infrastructure.
  • Privacy – Projects related to privacy have increased by 183% in recent years.
  • Internet of Things (IoT) – Projects with an IoT element have increased by 123% lately, with around 14% of current projects having this characteristic.
  • Cryptography – With the promise of quantum computing on the horizon, there has been an influx of new projects that apply the technology to the future of cryptography, with a 227% increase in this area of research (albeit this was from a low base).

Significant differences can also be seen between regions. For instance, the EU appears distinctly focused on minimising Small & Medium Enterprises’ (SME) exposure to cyber security risk. Conversely, when compared with other regions, the US has a greater focus on the human component of cyber security. Other US top project funding areas include Cyber Physical Systems (as applied to smart cities and power grids), securing the cloud, cybercrime, and the privacy of Big Data sets (as applied to the scientific research community).

UK invests in securing the physical world
In the UK, the leading research verticals are critical infrastructure and securing the health sector (with 11 current projects each). Current funding across UK projects exceeds £70m, with quantum and IoT-related projects both more than doubling over five years. There are currently nine new UK projects with a focus on Cyber Physical Systems.

The four UK projects with the greatest funding are in the fields of Safe and Trustworthy Robotics, Big Data Security, Cybercrime in the Cloud and Quantum Technology for Secure Communications.

The most notable UK decline was in big data projects, which have dropped by 85%.

Cryptography remains strong
There are currently 52 global projects with a cryptographic focus, and at least 39 current live EU projects featuring a cryptographic element. In the UK, this area has been consistently strong over the last ten years, with 18 projects starting between 2008 and mid 2013, and 19 projects from mid 2013 to now.

Tom Ilube, CEO at Crossword Cybersecurity plc said of the analysis, “The need to protect critical infrastructure has never been stronger as technology becomes more deeply embedded in every aspect of our daily lives. However, one apparent omission is research solely focused on the application of AI techniques to complex cyber security problems. We hope to see more of that in the future, as the industry works to stay ahead of the constantly evolving cyber security landscape.”

The Crossword Cybersecurity database will be periodically updated, to deliver ongoing insight into the most prevalent cyber security research trends and investment areas. If you are interested in further details, please contact the Scientific Advisory Team at Crossword Cybersecurity on innovation@crosswordcybersecurity.com.

About Crossword Cybersecurity
Crossword Cybersecurity plc (AIM:CCS) is a technology commercialisation company focusing exclusively on the cyber security sector. We work with research intensive European university partners to identify promising cyber security intellectual property (IP) from research that our industry partners tell us meet emerging real-world challenges.

Our specialist cyber security software engineering team work with our university partners to develop research concepts into fully-fledged commercial products, that we then take to market. Our consulting team work with clients to address their cyber security challenges- by providing strategy, assessment and risk management services.

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Banking/Financial Services

Ric Edelman’s Advisor Blockchain and Cryptoassets Council Kicks off Barron’s Independent Advisor Summit

Vlad Poptamas

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Ric Edelman, one of the nation’s most prominent financial advisors and creator of The Advisor Blockchain and Cryptoassets Council, held the third meeting of this growing group of influencers on March 20 at the Grand America Hotel in Salt Lake City.

Firms presenting at the event included Multicoin Capital, Bitgo, Digital Assets Data, FRST Corporation, ZenLedger, Gemini and Perkins Coie.

Immediately following the morning meeting, ABCC partnered with Barron’s to stage the Blockchain and Cryptoasset pre-event, in conjunction with the Barron’s Top Independent Advisor Summit. The event offered Continuing Education Credits to those in attendance.

Nearly 80% of the financial advisors attending the event said they know little to nothing about blockchain and cryptoassets, and 97 percent said they do not recommend cryptoassets to clients.

“The lack of knowledge by so many of the nation’s leading financial advisors demonstrates the urgency of teaching advisors about this important emerging asset class,” said Edelman, who has been named three times by Barron’s as the nation’s #1 Independent Financial Advisor. He noted that 80 percent of the advisors surveyed said clients are asking them about cryptoassets and added, “Advisors who can’t answer their clients’ questions about bitcoin will lose credibility with their clients, and they may end up losing the clients.”

Edelman gathered experts from many of the leading firms in the field. Kingdom Trust was the premiere sponsor. Additional sponsors included Bitwise Investments, Blockforce Capital, Fidelity Digital Assets, Grayscale Investments, Orion Advisor Services, Pantera Capital, State Street Global Advisors and Van Eck.

ABCC is developing additional conferences. To learn more, go to www.advisorbcc.com.

 

SOURCE Advisor Blockchain and Cryptoasset Council

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Accounting News & Issues

Leonovus Raises $2.2 Million CAD Through Successful Warrant Exercise

Vlad Poptamas

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Leonovus Inc., (“Leonovus or the Company”) (TSXV: LTV) (OTC: LVNSF) today announces since September 30, 2018 it has received gross proceeds of $2,201,550 CAD from the exercise of warrants prior to their expirations on March 10 and March 20, 2019. All warrants issued by the company that matured on March 10 or March 20, 2019 have now been exercised or expired.

“Leonovus is privileged to have strong support from our investor community as demonstrated by the successful warrant exercise with over 92% of the warrants being exercised,” said Michael Gaffney, CEO of Leonovus. “This additional capital will help our efforts to grow revenues and become a major provider of software solutions for the distributed storage market.”

The March 2019 warrants, that were exercised or expired, eliminated the overhang on the Company’s capital structure, positioning the structure for clean appreciation as revenues increase. There remain 13,750,000 warrants that expire on December 8, 2019 at an exercise price of $0.65 CAD.

This press release may contain forward-looking statements and information, which may involve risks and uncertainties.  The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Leonovus’ growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.  These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Leonovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.  Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release.  Further information on Leonovus’ public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Leonovus Inc.

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Blockchain

BLOCKStrain Technology Appoints Dr. James LaValle as Chief Medical Manager

Vlad Poptamas

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BLOCKStrain Technology Corp. (TSX:V: DNAX.V) (OTC: BKKSF) (“BLOCKStrain”), creator of the first Blockchain-secured, fully-integrated IP tracking platform for the cannabis industry, today announced it has appointed Dr. James LaValle as it Chief Medical Manager. In this new role, Dr. LaValle will provide leadership and direction with respect to scientific and medical aspects of the core software of the company, as well as areas of additional product and business development.

Dr. James LaValle has more than 40 years of experience in the natural products industry as a clinician, industry consultant and educator.  He has dedicated his professional career to becoming a voice for the emerging value of the natural product industry, with particular emphasis on the need for quality standards and transparency of ingredients in order to ensure consumer safety and efficacy.

“While Cannabidiol from hemp and cannabis products are taking the consumer and medical markets by storm, to date, this market segment has been fraught with quality and contamination issues that have tarnished the enormous value that these compounds can provide consumers. The BLOCKStrain technology represents a necessary evolution in ensuring product quality by tracking and reporting CBD and Cannabis ingredients starting from the soil all the way to the products on the store shelf”, stated Dr. LaValle. “The CBD/Cannabis industry must deliver quality finished goods to a level that inspires consumer confidence and provides them with safe products.  Verification of the level and type of active ingredients as well as absence of impurities should be simple, but the industry is riddled with inconsistent and in some cases dangerous final products.  I firmly believe BLOCKStrain has the potential to become a new standard for testing and reporting purity and content safety of not just cannabis, but other natural products as well.”

“Dr. LaValle’s immense expertise in the nutraceutical industry, and his dedication to ensuring high quality product standards is directly in line with BLOCKStrain’s mission of bringing transparency and integrity to the cannabis industry. With our technology, licensed producers, craft growers, other industry participants and most importantly patients and customers, can take affirmative action to ensure their products are as advertised.” said Robert Galarza, CEO of BLOCKStrain. “Dr. LaValle’s valued insight and well-established brand presence in the nutraceutical industry is unquestioned, and we are excited to have him as a key part of our growth strategy in cannabis and beyond.”

Dr. LaValle is the recipient of many prestigious awards. He was one of nine Americans chosen for the Inaugural Dietary Supplement Information Bureau Board, and was also awarded the Clinician of the Year Award from the Natural Products Association. He has authored 4 databases on natural products and teaches application of natural compounds in clinical practice to health care professionals around the world.  In addition, he has 35 years of clinical practice in integrative medicine.

In connection with this appointment BLOCKStrain has agreed to grant Dr. LaValle stock options to acquire up to 250,000 common shares in the capital of BLOCKStrain, subject to the terms of a stock option agreement to be entered into by the parties.

 

SOURCE BLOCKStrain Technology Corp.

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