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Dyadic Secures The Breach

Objective

Over the last years, the world has seen an unprecedented escalation in the number and size of data breaches. In 2013, a total of 550 million identities were breached; a 62% increase over 2012. In addition, the cost of breaches is rising, with a worldwide average of over $3 million per breach. Hacking is the primary causes of data breaches, and today’s existing solutions are simply not sufficient to meet the threat.

The objective of Dyadic Security is to provide high security to organizations, and to protect digital assets, even in the event of a network breach. Dyadic’s Distributed Security Module (DSM) is a unique software-only offering that provides the highest level of security while being affordable and easy to deploy. At the core of the DSM lies cutting-edge technology based on decades of cryptographic research on secure multiparty computation (MPC). Dyadic’s DSM solves the inherent single point of failure in all of today’s security systems. Strong cryptographic solutions exist for protecting data, securing web traffic, authenticating users, and so on. However, they all rely on the secret key and authentication credentials (e.g. passwords) remaining secret. In today’s reality where hackers get past firewalls and penetrate deep into networks, these keys and credentials are stolen thereby rendering all cryptographic protection useless. Dyadic’s DSM randomly splits keys and credentials across servers so that they are never in any single place to be stolen. The advanced protocols used in the DSM ensure that even if some of the servers are breached and completely controlled by an attacker, the secrets and credentials cannot be stolen. The result is that digital assets remain safe, even when all else has failed and attackers are inside the network.

Dyadic has a disruptive and innovative product range which, in contrast to existing solutions, provides protection in the event of a breach, and not just detection.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-2 - SME instrument phase 2

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2014-2015

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Coordinator

UNBOUND TECH LTD
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 2 017 750,00
Address
25 EFAL STREET
4951125 PETAH TIKVA
Israel

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 2 882 500,00
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