Hilltop Cybersecurity Developing Blockchain-based Portfolio Management Product

Hilltop Cybersecurity (CSE:CYBX) has announced that it is developing a secure portfolio management using blockchain technology called “CYBR-EPM.”

As quoted in the press release:

The improvements include the creation of an un-hackable ledger for financial transactions, and better digital identity management.

According to Gartner Research, hacking costs the U.S. up to $300 billion per year. Worldwide that figure is closer to $445 billion, or a full one percent of global income. By 2021, cybercrime costs could reach $6 Trillion. By protecting against cyber-attacks that target portfolio management applications, Hilltop’s new product will allow organizations to securely manage asset portfolios through the planning, budgeting and execution stages.

To oversee the commercialization and expansion of its portfolio management product, Hilltop has hired proven industry expert, Peter Hartley.  Mr. Hartley, now Senior Vice President of Hilltop’s Portfolio Management Group, is a recognized expert in portfolio management and the founder of HPS Global Consulting, one of the world’s leading Portfolio Management Consultancy organizations.

Corby Marshall, CEO of Hilltop Cybersecurity, said, “This product represents a tremendous opportunity to help companies address the important area of cybersecurity in their project management endeavors. As DevOps, AGILE development and other technologies move companies faster than ever, it is important to remain vigilant about the cybersecurity implications of those and other new paradigms. Without cybersecurity controls baked in, an asset management application could open an organization to exploitation by concentrating valuable information in a way that is vulnerable to a cyber attack. Our new product will address this glaring security gap and we are delighted that Peter Hartley has agreed to join our team. Peter is a pioneer in the portfolio management area and will be instrumental in commercializing this aspect of our cybersecurity technology.”

Click here to read the full press release.