Promon News
October 2010 - Promon exhibiting at it-sa 2010
This year Promon is exhibiting at it-sa, the IT Security Expo organised in Nuremberg, Germany during the 19-21 October. Visit us on our stand (356) and don't miss our daily live hacking presentations:
- Tuesday 19th October: 14:30 Forum red
- Wednesday 20th October: 11:00 Forum red
- Thursday 21th October: 10:30 Forum blue
June 2010 - Promon at OWASP AppSec Research 2010
OWASP (The Open Web Application Security Project) is an open community
dedicated to enabling organizations to conceive, develop, acquire, operate, and maintain applications
that can be trusted.
From the 21st-24th of June, OWASP is arranging their yearly global AppSec conference in Stockholm, which is
dedicated to bringing together industry, government, and security researchers and practitioners
to discuss the state of the art in application security.
Promon will be presenting at this conference showing by demonstrating Arrow, their tool for client based application testing.
February 2010 - Promon in the news
The frontpage of ComputerWorlds edition of Friday 12th February 2010 was dedicated to Promon.
On page 12 of the major Norwegian IT-magazine an entire page about Promon and its proactive technology was published.
The article shortly describes the background of the company, which technical and marketing achievements Promon has reached,
as well as future expectations.
Link to the article (In Norwegian).
January 2010 - Promon Technology blocks zero-day (Aurora) attack out of the box
Since mid of January a specific attack called, Operation Aurora, has been in the news exploiting a vulnerability in Microsoft's Internet Explorer (979352). Targeted attacks towards Google used this vulnerability in order to get access to certain Gmail accounts. It turns out that this vulnerability can also be used to gain control over the victims PC, leading to the possible installation of Trojans or the danger of becoming part of a Bot Net.
Microsoft writes on their website: "The vulnerability exists as an invalid pointer reference within Internet Explorer. It is possible under certain conditions for the invalid pointer to be accessed after an object is deleted. In a specially-crafted attack, in attempting to access a freed object, Internet Explorer can be caused to allow remote code execution." The Anti-virus industry (including Microsoft) is now working intensively on solutions for mitigating this vulnerability.
While security experts world-wide are working on effective protection against this vulnerability, Promon already has technology in place that proactively protects against unknown attacks in general and Aurora in particular. The Promon technology detects the Aurora attack immediately and dismantles it by shutting down the browser, leaving the system unaffected.
November 2009 - Promon enters into Partnership with Interexa
Interexa is one of the leading software vendors for financial institutions in the areas of risk management, controlling and operations.
November 2009 - Promon BankID Partner
Promon has signed a cooperation agreement with BankID and is since November 2009 official BankID Partner.
September 2009 - Promon Sales team extended
The Promon team is extended with yet another experienced sales manager. With specific responsibility for the Nordics, Promon is set to considerably increase activities in this region.
June 2009 - Promon in annual report of Forskningsparken
As one of four success cases Promon is mentioned in the annual report of Forskningsparken.
The article is also published on the website of Forskningsparken.May 2009 - Promon visible in Germany
Promon and Star Finanz co-presented at the German BSI conference in Bonn.
The news of the introduction of Promon's integrated spyware/Trojan protection inside Star Finanz' StarMoney application was picked up by several media, among these a German radio station, Deutschlandfunk.
May 2009 - Experienced sales manager joins Promon
The Promon team is extended with an experienced sales manager. We will now step up our sales and marketing efforts considerably.
March 2009 - Breakthrough in application security!
At CeBIT 2009, Promon's customer Star Finanz will release the latest version of their home banking application Star Money. The application comes with Promon Integrated Application Protection. Key features of this solution are:
- no separate installation required
- same kind of protection, when executing on 64-bit platform.
- protecting against man-in-the-application
- protecting sensitive data where it is exposed
This constitutes a breakthrough in application security and the protection against 'man-in-the-application' and Spyware attacks. With Promon Integrated Application Protection, it is now possible for:
- Software providers to offer secure use of their programs, even on infected systems and regardless of possibly (non-)installed Anti-Virus solutions
- Consumers to get software with integrated Spyware protection, i.e. secure programs 'off-the-shelf'
Star Finanz is a leading provider of multi-bank compatible online-banking solutions. It has more than one million customers in the German market using Star Money. Founded in 1997, as an enterprise of the Sparkassen financial group, Star Finanz offers the development, sales and service of innovative client and server products for the financial services sector.
January 2009 - Promon Test Team extended
The Promon test team in Pune, India is extended with two test analysts. We welcome Sendil and Jaydeep to our Promon team and look forward to working together.
December 2008 - Experienced IT-executive joins Board of Directors
Dalip Dewan, Division Director R&D at Visma Software ASA has joined the Board of Directors of Promon. We look forward to make use of his valuable input based on his solid technical and commercial background.
Visma is one of the main IT companies in the Nordic region.
October 2008 - Kistefos invests in Promon
Promon has secured its third round of financing through a directed share issue towards Kistefos, and existing shareholders. Kistefos AS is a privately owned investment company located in Oslo, Norway. Kistefos is one of the three top Norwegian venture funds.
The Kistefos investment philosophy is based on long-term value creation through active ownership. By supplying a combination of capital, industrial and financial skills and professional business management, Kistefos seeks to lay the foundations for profitable growth in the companies.
May 2008 - Signed agreement with Star Finanz
Promon has signed an agreement with German Star Finanz. Star Finanz provides a home banking solution for more than one million users on the German marked.
Facing an increasing threat Star Finanz recognised the need for better security. In the Promon technology Star Finanz found the attractive combination of high security and unaffected usability.
Star Finanz is a leading provider of multi-bank compatible online-banking solutions. Founded in 1997 as an enterprise of the Sparkassen financial group, Star Finanz offers the development, sales and service of innovative client and server products for the financial services sector.
April 2008 - Seed capital fund and private investor invest in Promon
Promon has secured its second round of financing. The seed capital fund Springfondet and private investor Arve Saghaug have increased their shareholding in Promon.
Springfondet is a seed capital fund located at Oslo Innovation Center in Oslo, Norway. The fund invests in technology startups across a broad range of industries. As a seed venture investor, Springfondet is often a company's first investor. Springfondet is owned by Oslo Innovation Center and Kistefos.
March 2008 - Substantial public grant secured
Innovation Norway has approved Promon's IRD-application. The project will significantly shorten the time-to-market for Promon's core technology. The size of the project qualifies it to be one of Innovation Norway's biggest IRD-projects.
Read more about Innovation Norway
February 2008 - Experienced senior developer joins Promon
The Promon team is extended with an experienced senior Developer. He will add valuable experience and knowledge to the Promon development team.
July 2007 - New Offices for Promon
Requirement for more space forced Promon to move. Matching Promon's ambitions and growing potential Nydalen turned out to be the perfect place.
New address is Gjerdrumsvei 12A, N-0484 Oslo, Norway
May 2007 - Seed capital fund and private investor invest in Promon
The seed capital fund Springfondet and private investor Arve Saghaug become shareholders in Promon.
Springfondet is a seed capital fund located at Oslo Innovation Center in Oslo, Norway. The fund invests in technology startups across a broad range of industries. As a seed venture investor, Springfondet is often a company's first investor. Springfondet is owned by Oslo Innovation Center and Kistefos.
February 2007 - Marketing Manager employed
From the 1st of February Folker den Braber joins the Promon Team. Folker left the position of Research Scientist at SINTEF where he worked in a group specialized on IT security related to modelling and formal languages. Folker has a formal IT background from the University of Leiden, The Netherlands and will be working with sales and marketing for Promon.
September 2006 - Second employee joins Promon
We are happy that Promon is employing its first full time developer from September 2006.
January 2006 - Birkeland Innovation shareholder in Promon
Birkeland Innovation (BI) has been supporting Promon both financially and through professional advice since January 2005. BI is now becoming a shareholder in Promon.
Birkeland Innovation is the technology transfer office at the University of Oslo. Birkeland proactively contribute to build an innovative culture at the university, secure, administer and refine intellectual property rights (IPR) for the University of Oslo, and perform knowledge and technology transfer through licensing and company creation.
Read more about Birkeland Innovation
January 2006 - Promon Limited Company established
After more than 2 years of development and preparations, on the 11th of January 2006 Promon is established as a Norwegian Limited Company.
Security News
2010
- White House cyber security chief says cyber threat is biggest economic risk (mar 2010)
2009
- Attempt to take $1.3 million (nov 2009)
- Banking Trojan steals money from under your nose (sept 2009)
- Why malware writers are turning to open source (sept 2009)
- Ads - the new malware delivery format (sept 2009)
- Trojans target local online banking (Jun 2009)
- 50 Norwegian internet sites spread "Gumblar" (In Norwegian) (Jun 2009)
- German police: Two-factor authentication failing (Mar 2009)
- Six out of ten Norwegian PC's attacked by virus (In Norwegian) (Mar 2009)
- Hackers attack Norwegian authorities (In Norwegian) (Mar 2009)
- Online banking under attack (Feb 2009)
- Experts: Net banks not up to date (In Danish) (Feb 2009)
- Banker Trojans remain the most popular form of attacks (Jan 2009)
- Attacks on Danish net banks discussed within EU (In Danish) (Jan 2009)
- CSIS: Bank-trojan went for Denmark (In Danish) (Jan 2009)
- Secret rescue closes net bank access for 8.000 Danish infected PC's (In Danish) (Jan 2009)
2008
- Study shows most bank Web sites have serious security design flaws (Jul 2008)
- Bank Web sites full of security holes, University of Michigan survey finds (Jul 2008)
- RSA Online Fraud Report (Feb 2008)
2007
- iC3's Internet Crime Report (2007)
- Wave of attacks against Norwegian net banks (In Norwegian) (Nov 2007)
- Bank of India site hacked, serves up 22 exploits (Aug 2007)
- Bad security in net banks (In Norwegian) (May 2007)
- Hackers nab €800,000 in online banking attack (Jan 2007)
