Uncloak IEO

What is Uncloak IEO

Problem

Computer hacking is one of the world’s major problems with new breaches of data and releases of ransomware occurring at an alarming rate. Cyber-crime is predicted to cost $6 trillion annually by 2021. There are no boundaries: from some of the world’s largest corporations; to critical national infrastructure; to small local enterprises and individuals. They have been hacked and trends suggest this will continue, particularly as evolving programs such as Internet of Things (IoT), smart cities and mass digitisation become the reality of life.

Currently, there is a shortage of cyber security solutions that are proactive in identifying new threats and allowing end users to shut them out or close them down. Whilst some capabilities exist at a Governmental level, Uncloak provides a commercial tool that will close this gap and maintain significant revenues across the many sectors that are susceptible to cyber-crime.

Uncloak is an Artificial Intelligence (AI) based analytical tool for the intuitive, automated and seamless performance of security checks: giving users the ability to cut through the cyber jargon and understand, remediate and resolve cyber security issues. In the absence of innovation tools such as Uncloak, successfully evaluating a company’s computers and network infrastructure requires specialised, highly skilled labour, extensive setup time and significant costs. Uncloak seeks to make this level of cyber security available on a mass scale, at a lower cost and with simple end user interaction.

Tackling cyber security threats requires more than antivirus protection, firewalls and intrusion detection systems. Currently cyber security solutions rely on an isolated and custom-made approach to cyber threat management with limited knowledge sharing between competitive security vendors. Most of the patterns and signatures that aid cyber security software in detecting a security vulnerability are freely available on the public internet thus allowing the hacker to have the same knowledge as a security vendor. The result is an endless game of cat and mouse, with a cyclical race to stay one step ahead, until the next breach is surfaced. The status-quo puts the advantage with the hacker.

Solution

Our novel approach is to create a decentralised, scalable, blockchain powered cyber security management solution that places an emphasis upon the strength of the wider community to contribute to finding vulnerabilities through a blockchain based mechanism. Uncloak will harness knowledge and expertise, aggregate it into a platform and transform it into a service for end users to purchase. This capability in Uncloak does not currently exist in the commercial market.

Uncloak will build its own threat detection database by using advanced AI technology to crawl the public and private internet looking for the latest cyber security threats, which are converted into security signatures and added to the Uncloak threat detection system to check if the vulnerabilities exist across the subscribed client base networks and infrastructure. Where vulnerabilities exist, the end user will be notified immediately so that corrective action can be taken.

Uncloak™ is in the unique position to becoming a market leader in Cyber security threat detection because, it not only engages an active community of cyber security experts to find undiscovered security threats; but it also constantly updates itself using Artificial Intelligence technology to scan the internet looking for upcoming security vulnerabilities to add to its threat vulnerability database.

The team at Uncloak know that there is a significant opportunity to fill a gap in the cyber security market. That is why we are creating a Token Crowd-sale offering to build on the work completed to date, to allow the development our existing methodologies and to enable the release of the first commercial application for Uncloak.