CAESAREA, Israel, July 2, 2018 /PRNewswire/ -- InfiniDome Ltd. (previously, GPSdome Ltd.), the cyber company, announced that it has received a purchase order from one of the top three commercial banks in Israel for several GPSdome units to protect the bank's timing servers against spoofing and jamming.
"Timing servers rely on high precision timing signals from GPS satellites, which are very sensitive to any signal interference in GPS frequencies, either intentional or unintentional", said Moshe Kaplan, InfiniDome CTO. "Since any financial transaction requires a high precision timestamp, any failure of the bank's timing server may stop the entire bank's financial transactions. GPSdome protects the bank's timing server against any GPS signal interference, including spoofing and jamming attacks".
"The increasing regulation against cyber-attacks and fraud in the financial sector requires upgrading the commercial bank's security level," said Ehud Sharar, InifiniDome President. "Our GPSdome protection against GPS spoofing and jamming provides affordable, high level resilience to timing servers that meets these increasing regulatory requirements"
"The demand for GPS-based timing & synchronization servers enjoys above 5% annual growth rate, according to the European GNSS Agency's market report", said Gai Mar-Chaim, Senior Partner at the management consulting firm POC. "The growth trigger in the financial sector is the new regulatory frameworks, which require UTC traceability with microsecond Timestamp Resolution."
"SEC rule 613 and ESMA MiFID II dictate, as of 2018, synchronization at a level of 100 microseconds to UTC. The only way to achieve such a level of synchronization is by using GPS as a main time source in the core of the networks. However, if this time source is not protected from GPS disruptions, this threshold could be breached almost instantaneously," said Omer Sharar, InfiniDome CEO. "Providing our GPSdome to a commercial bank is evidence for the increasing need in high level cyber security in the financial sector and for the excellent solution that our GPSdome provides to meet these needs".
InfiniDome Ltd. (previously, GPSdome Ltd.) provides a cyber protection against jamming and spoofing for GPS-based systems, such as autonomous vehicles, UAVs, fleet management, homeland security, smart city and timing systems. Its competitive advantages are a miniature SWaP (size, weight and power consumption), and an affordable price comparing to existing solutions developed for military applications. The company's cyber solutions have been successfully proven in the field, and are commercially available globally.
For more information: www.infinidome.com