Cybersecurity company InfiniDome has been picked by one of the top three commercial banks in Israel.
The company said it has received a purchase order from the bank for several GPSdome units, which will protect the bank’s timing servers against spoofing and jamming.
Timing servers rely on high precision timing signals from GPS satellites, which are very sensitive to any signal interference in GPS frequencies. With financial transactions requiring a high precision timestamp, any failure of the bank’s timing server may stop the entire bank’s financial transactions.
InfiniDome, previously GPSdome, provides cyber protection against jamming and spoofing for GPS-based systems, such as autonomous vehicles, UAVs, fleet management, homeland security, smart city and timing systems.
“The increasing regulation against cyber-attacks and fraud in the financial sector requires upgrading the commercial bank’s security level,” said Ehud Sharar, InifiniDome president. “Our GPSdome protection against GPS spoofing and jamming provides affordable, high level resilience to timing servers that meets these increasing regulatory requirements.”
New regulatory frameworks, which require UTC traceability with microsecond Timestamp Resolution, are resulting in a growth in demand for GPS-based timing & synchronisation. Both SEC rule 613 and ESMA MiFID II dictate synchronisation at a level of 100 microseconds to UTC.
“The only way to achieve such a level of synchronization is by using GPS as a main time source in the core of the networks,” said Omer Sharar, InfiniDome CEO. “Providing our GPSdome to a commercial bank is evidence for the increasing need in high level cyber security in the financial sector and for the excellent solution that our GPSdome provides to meet these needs”.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
