Rekor Introduces Cutting-Edge Cybersecurity Capabilities to Help State Dots Protect National Transportation Infrastructure
Rekor Systems has announced advanced AI-driven cybersecurity features to protect national transportation infrastructure. This move aligns with new government AI and cybersecurity policies. The recent cyber-attack on a Midwestern DOT highlighted the urgency, disrupting traffic systems and public safety functions. Rekor's new capabilities include real-time threat detection, dynamic monitoring, and automated incident response, ensuring robust defense against cyber threats. Their Edge-based system integrates Network Detection & Response, Endpoint Detection & Response, Intrusion Prevention and Detection Systems, and advanced anomaly detection, among other features. The company leverages AWS Cloud Services for secure data handling. Rekor aims to provide state transportation departments with sophisticated tools to enhance security and compliance.
- Rekor introduces advanced AI cybersecurity features.
- New capabilities include real-time threat detection and automated response.
- Enhanced Edge-based systems provide comprehensive protection from Edge to Cloud.
- Alignment with emerging government AI and cybersecurity policies.
- Leverages AWS Cloud Services for robust security and compliance.
- Multi-layered defenses include NDR, EDR, IPS, IDS, and Zero Trust Network.
- Continuous monitoring and real-time analytics enhance threat visibility.
- Automated countermeasures to neutralize sophisticated attacks.
- Addresses urgent security needs highlighted by recent cyber-attacks.
- Recent cyber-attack highlighted vulnerabilities in traffic management systems.
- Disruption of traffic systems affected public safety and emergency communication.
- Full recovery from the attack may take several months, impacting operations.
- Dependence on advanced technology may increase operational costs.
- Potential risks of over-reliance on AI and automated systems.
Insights
The introduction of cutting-edge cybersecurity capabilities by Rekor Systems taps into the ongoing need for robust protection of critical infrastructure. This move aligns with the rising governmental directives for enhanced cybersecurity measures. The integration of real-time threat detection, dynamic monitoring and automated incident response into Rekor's AI-based systems indicates a significant technological advancement. These features are vital as they allow for the swift identification and neutralization of cyber threats, which is important given recent high-profile attacks on transportation infrastructure.
Edge computing plays a pivotal role here by processing data closer to the source, thereby reducing latency and enabling real-time responses. This integration is particularly beneficial for transportation systems where immediate action can prevent potentially catastrophic incidents. By providing 24/7 continuous monitoring alongside advanced anomaly detection techniques, Rekor's solutions cater to the ever-evolving nature of cyber threats, including zero-day exploits which are attacks that take advantage of previously unknown vulnerabilities.
For investors, recognizing the emphasis on Zero Trust Network—a security framework that assumes potential threats are both outside and inside the network—Rekor's robust cybersecurity framework can be seen as a strategic move to establish industry leadership in protecting transportation infrastructure.
Rekor Systems' enhanced cybersecurity capabilities directly address a critical market need, particularly following the cyber-attack on an unnamed Midwestern Department of Transportation. The attack underscored the vulnerabilities in existing systems and the substantial impact of such disruptions on public safety and operational efficiency. Rekor's AI-driven solutions not only offer advanced threat detection and response but also align with the increasing demand for compliance with stringent cybersecurity policies.
The company's focus on integrating AWS Cloud Services symbolizes their commitment to leveraging top-tier security and compliance standards. This is an important detail for investors, as it indicates a dedication to maintaining the highest level of data protection. Moreover, the holistic approach from Edge to Cloud computing signifies Rekor's comprehensive strategy to cover all potential threat vectors.
In the short term, this announcement could boost investor confidence, potentially driving share prices up as stakeholders recognize the immediate value in enhanced security measures. Over the long term, maintaining leadership in cybersecurity will be important for Rekor to sustain its competitive advantage, especially as cyber threats become more sophisticated and pervasive.
Rekor's Unique Edge-AI Solutions Tackle Evolving Cyber Threats and Align with Emerging Government AI and Cybersecurity Policies to Safeguard Transportation Networks
COLUMBIA, MD / ACCESSWIRE / May 28, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it has further invested in its commitment to safeguarding the nation's transportation infrastructure through the addition of AI-based dynamic cybersecurity monitoring, detection, and response to its suite of capabilities. The company's next-generation AI cyber-secure roadside Edge-based systems now integrate real-time threat detection, dynamic monitoring, anomaly analysis, and automated incident response capabilities. This enhances the holistic approach from Edge computing to Cloud that Rekor has taken to provide sophisticated AI, data, and cybersecurity protections for their roadside devices, traffic systems, and intelligent transportation solutions and underscores Rekor's dedication to addressing the pressing security concerns of state transportation departments, metropolitan planning organizations, and cities that are increasingly mandating stringent AI and cybersecurity compliance measures.
Cyber threats and attacks on critical infrastructure can be debilitating for public agencies and dangerous for citizens. The cyber-attack on April 25, 2024, which targeted mission-critical legacy traffic devices and systems in a Midwestern Department of Transportation (DOT), has reinforced the urgent need for stronger cybersecurity protections for roadside devices and transportation systems, which is impossible using legacy and obsolete systems found on most roadways today. The attack disrupted key elements of the traffic management system, affecting numerous operational functions and slowing the ability to monitor and respond to public safety incidents. Local transportation authorities highlighted the extensive impact on stakeholders and the public. While restoration efforts are ongoing, the severity of the incident means full recovery could take several months, impeding a system that is crucial for emergency communication and traffic management, providing essential alerts and updates to the public. The disruption emphasizes the necessity of implementing robust cybersecurity measures to safeguard these vital services.
Private entities and public sector agencies managing traffic and mobility programs and initiatives can confidently deploy Rekor's AI-powered roadway intelligence systems across roadways, cities, communities, and commercial environments. In addition to the ability to comprehensively and accurately collect and connect traffic and mobility data, the company's Edge-based solutions are fortified by a multi-layered cybersecurity arsenal that dynamically monitors for threats 24/7 and enables real-time automated response to neutralize attacks. Rekor's AI cybersecurity suite of capabilities integrates cutting-edge defense protocols to protect roadway and city infrastructure end-to-end, including:
- Network Detection & Response (NDR) to detect and stop network threats
- Endpoint Detection & Response (EDR) to defend against ransomware and malware
- Intrusion Prevention (IPS) and Detection (IDS) Systems to prevent unauthorized access
- Advanced anomaly detection techniques to counter zero-day exploits
- Strict access control within a Zero Trust Network
- Encrypted communications and secure element hardening against physical attacks
- 24/7 continuous monitoring, real-time analytics, and automated incident response
- Embedded AWS Cloud Services leveraging a gold standard array of security and compliance measures, ensuring application and sensitive data remain protected
Professor Sanjay Sarma, President, CEO, and Dean of the Asia School of Business, a co-founder at MIT of the Auto-ID Center, and Chairperson of the Rekor Board of Directors' Technology and Social Responsibility Committee, stated, "Rekor's unique Edge compute, and AI solution architecture provides a compliant-by-design approach for AI, data protection, and security that is essential for today's rapidly evolving threat landscape. This strategy represents a significant step forward in providing DOTs the tools they need to protect our roadways and critical infrastructure, aligning with best practices, and setting a new standard for cybersecurity in the industry."
"Protecting our nation's transportation networks from crippling cyber-attacks is a paramount priority," said David Desharnais, President and CEO of Rekor. "We have invested heavily in developing an essential AI-driven cybersecurity arsenal in our solutions to fortify these critical systems from the Edge to the Cloud. Our multi-layered defenses provide customers unparalleled threat visibility, continuous monitoring, and automated countermeasures to neutralize even the most sophisticated attacks. We are committed to staying in lockstep with emerging government cybersecurity directives and working closely with state DOTs to provide them with the best tools as they lead the charge in safeguarding America's transportation networks."
About Rekor Systems, Inc.
Rekor Systems, Inc. (NASDAQ:REKR) is a leader in developing and implementing state-of-the-art roadway intelligence systems using AI-enabled computer vision and machine learning. As a pioneer in the implementation of digital infrastructure, Rekor is collecting, connecting, and organizing the world's mobility data - laying the foundation for a digitally-enabled operating system for the roadway. With our Rekor One® Roadway Intelligence Engine at the core of our technology, we aggregate and transform trillions of data points into intelligence through proprietary computer vision, machine learning, and big data analytics that power our platforms and applications. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: https://rekor.ai, and follow Rekor on social media on LinkedIn, X (formerly Twitter), Threads, and Facebook.
Forward-Looking Statements
This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans, and prospects that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the statements regarding the use of proceeds from the sale of the Series A Notes in the offering and the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.
Media & Investor Relations Contact: Rekor Systems, Inc.
Charles Degliomini
ir@rekor.ai
SOURCE: Rekor Systems, Inc.
View the original press release on accesswire.com
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