Ransomware Protection Startup odix Awarded €2M European Commission Grant

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Israel-based cybersecurity firm odix recently secured a €2 million grant from the European Commission (EC) to bring their enterprise-grade cybersecurity technology to small and medium-sized enterprises (SMEs). The company was among the select ventures that were awarded funding as part of the EU’s Horizon 2020 SMEI research and innovation program.

The company focuses on file-based attack protection and offers next-generation solutions for disarming any malware, including ransomware.

Today, attackers are using polymorphic malware where the malicious code constantly changes, making it difficult to impossible for conventional solutions like antiviruses and sandboxes to detect the threats. odix’s patented technology is capable of deeply scanning files, disarm malicious code, and generate a malware-free copy of the files which can then be used safely. odix’s core TrueCDR (content disarm and reconstruction) technology ensures that the file isn’t converted to another file type during the sanitization process and that the document remains usable after.

odix aims to bring this technology to a wider audience by partnering with managed security service providers (MSSPs) that serve SMEs. The company looks to leverage the cloud in order to offer its various tools as Software-as-a-Service, allowing SMEs to avail of these functionalities through affordable subscriptions.

 

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