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Investments

8

Portfolio Exits

4

Partners & Customers

4

About BSI SA

BSI SA was founded in Lugano, Switzerland, in 1873, and is the oldest bank in the canton of Ticino, Switzerland. Since 1998 it has been 100%-controlled by the Generali Insurance Group. BSI SA specializes in asset management and related services for private and institutional clients. BSI SA is present in the major financial markets worldwide.

BSI SA Headquarter Location

2 via Magatti

6900,

Switzerland

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Latest BSI SA News

Why the BSI recommends anomaly detection to identify Log4Shell-related attacks

Jan 20, 2022

) In its working paper » Critical Vulnerability in Log4j - Detection and Response «, the German Federal Office for Information Security (BSI) underlines the persistent and complex danger of the Log4Shell vulnerability in industrial networks as well. Patching the vulnerability in the short to medium term is considered unrealistic for many companies. For this reason, the BSI recommends continuous monitoring and analysis of network communication via anomaly detection in addition to rule-based query analysis. Industrial anomaly detection solutions, as offered by Rhebo, a Landis+Gyr Company, enable companies to detect on compromises that have already occurred, active exploits and other malicious activities in the operational technology (OT) and industrial control systems (ICS) at an early stage. The vulnerability, documented as CVE-2021-44228, allows attackers to execute arbitrary code on systems using the widespread Log4j library without authentication. Fast and complete security patching unlikely »Naturally, the first priority is to update all existing Log4j libraries in the company to the most recent version. However, many companies are thus embarking on the proverbial search for the needle in the haystack,« said Rhebo CTO Martin Menschner. Companies often lack clarity over which applications use the vulnerable library. Moreover, as the BSI explicitly points out, it is not sufficient to update the Log4j library via the global software management of operating systems. They stress the point that only the respective »software manufacturers who have integrated the library into their programs [can] carry out the update.« The resulting mitigation complexity is further complicated by the fact that Log4j has already been updated several times since the vulnerability became known. In addition, according to the BSI, all known mitigation measures that affect the use of the library are currently based on disabling the problematic functionality. Systems in companies that are absolutely dependent on the functionality of the Log4j library thus run the risk of no longer being functional after implementation. Particularly companies providing critical services, for example critical infrastructures and industrial companies, find themselves in a catch-22 situation. In addition, companies should not be lulled into a sense of security even after an update. »The Log4Shell vulnerability could already have been exploited in some companies. This means that adversaries might have already compromised IT or - via lateral movement - Operational Technology (OT) networks and established access via backdoors,« adds Martin Menschner. After all, the vulnerability has existed for over a year. And security organizations worldwide have observed a massive increase in network scans and attacks since Log4Shell officially became known in December 2021 (see also Rhebo's commentary on Log4Shell ). Anomaly detection should be a priority For these reasons, the BSI recommends that organizations immediately implement enhanced measures to detect suspicious and malicious communications. In addition to the evaluation of request data (e.g., via web server logs), the BSI explicitly mentions anomaly detection at the network level. »This solution not only detects previously unknown attack patterns typical of zero-day vulnerabilities,« added Martin Menschner. »It also reports operations that indicate existing compromises, such as lateral movement, scans, change of functions and command structures in systems.« Rhebo's Next Generation OT Intrusion Detection offers a solution tailored specifically to Operational Technology networks and Industrial Control Systems. The OT Monitoring observes all communication within an industrial network, while the integrated Threat and Intrusion Detection identifies any anomaly, i.e. deviation, in the communication behavior and reports it in real time. It detects any communication that is novel or unusual in the monitored network and indicative of malicious behavior - from backdoor communications, lateral movement and spoofing activities to direct interference with industrial processes. With anomaly detection, actions of adversaries within the OT network become visible, traceable, and can be mitigated in real time, even if they use previously unknown signatures or have hijacked authenticated user accounts. To get anomaly detection up and running quickly, Rhebo offers on-demand technical operational support as well as a comprehensive managed protection service . To assess the risk of whether a network compromise has already occurred, an OT risk assessment and security analysis is also recommended. For more information on the Rhebo OT anomaly detection please visit https://rhebo.com/en/our-products/rhebo-industrial-protector/ . Pressemitteilung teilen:

BSI SA Investments

8 Investments

BSI SA has made 8 investments. Their latest investment was in VisionCare Ophthalmic Technologies as part of their Series E - III on January 1, 2012.

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BSI SA Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/23/2012

Series E - III

VisionCare Ophthalmic Technologies

$4M

No

1/10/2011

Series E

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$99M

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0

1/22/2010

Series E

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$99M

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0

9/24/2008

Series A

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$99M

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0

2/22/2005

Series C

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$99M

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0

Date

1/23/2012

1/10/2011

1/22/2010

9/24/2008

2/22/2005

Round

Series E - III

Series E

Series E

Series A

Series C

Company

VisionCare Ophthalmic Technologies

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Amount

$4M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

0

0

0

0

BSI SA Portfolio Exits

4 Portfolio Exits

BSI SA has 4 portfolio exits. Their latest portfolio exit was GlobeImmune on July 02, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/2/2014

IPO

$99M

1

4/15/2010

Acquired

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10

12/10/2007

Acquired

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$99M

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0

9/9/2004

IPO

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0

Date

7/2/2014

4/15/2010

12/10/2007

9/9/2004

Exit

IPO

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

0

0

BSI SA Partners & Customers

4 Partners and customers

BSI SA has 4 strategic partners and customers. BSI SA recently partnered with Loss Prevention Foundation on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/10/2019

Client

Loss Prevention Foundation

United States

1

10/26/2018

Partner

Standards Council of Canada

Canada

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10

5/31/2011

Partner

Biometric Signature ID

United States

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10

6/1/2010

Client

Monarch Airlines

United Kingdom

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10

Date

10/10/2019

10/26/2018

5/31/2011

6/1/2010

Type

Client

Partner

Partner

Client

Business Partner

Loss Prevention Foundation

Standards Council of Canada

Biometric Signature ID

Monarch Airlines

Country

United States

Canada

United States

United Kingdom

News Snippet

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Sources

1

10

10

10

BSI SA Team

1 Team Member

BSI SA has 1 team member, including former President, Gary Pearsons.

Name

Work History

Title

Status

Gary Pearsons

Rockwell Automation, and ABB

President

Former

Name

Gary Pearsons

Work History

Rockwell Automation, and ABB

Title

President

Status

Former

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