Kudelski Security, the cybersecurity division of the Kudelski Group, has announced a strategic partnership with Hosho, a global player in blockchain security and smart contract auditing, to extend the capabilities of Kudelski Security’s recently launched Blockchain Security Center (BSC). The companies say their partnership makes the their unique skillsets, market-leading services, and proven intellectual property (IP) available to help forward-leaning organisations better secure their use of blockchain and distributed ledger technology (DLT).
“Hosho has deep expertise and a world-class reputation for auditing the ‘smart contracts’ that are essential to blockchain business process workflows,” said Rich Fennessy, CEO of Kudelski Security. “Combined with our expertise in cryptography, embedded security down to silicon level, and secure application development, Hosho is an ideal partner in what we believe will be a growing coalition of likeminded organisations focused on improving the underlying security of blockchain and expanding its use in business applications.”
Increasingly, organisations are investing in understanding how blockchain technology can optimize business processes as well as developing applications aimed at improving efficiencies, lowering costs and enabling new business models. The combination of resources enabled through this partnership provides business executives, investors, engineers, and blockchain developers greater confidence in designing, building, and running secure applications. The result is the potential for less risk, higher efficiency, and ultimately, greater value realised from these investments.
“Hosho and Kudelski Security share the same vision for cyber resilience. It is the first time a blockchain cybersecurity leader has joined forces with a publicly traded cybersecurity company,” said Hartej Sawhney, Co-Founder and President of Hosho. “Enterprises are rapidly investing into incorporating decentralised ledger technologies into their legacy systems. Companies such as Kudelski, with 30 plus years of experience in cybersecurity, IoT, and public access solutions, are needed to meet the increasingly complex demands of the Fortune 500.”