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Source Defense Welcomes Dave DeWalt as a Strategic Advisor and Investor

Demonstrating a strong vote of confidence in Source Defense’s ability to reinvent 3rd-party Javascript security

Stamford, CT, USA – WEBWIRE

Source Defense is a highly innovative company and given that this website security flaw exists in nearly every site, we plan that its technology will be an indispensable and ubiquitous solution for ensuring browser session security." - Dave DeWalt, NightDragon Security

Source Defense, provider of the only real-time prevention solution that eliminates website security risks on the client-side, is proud to welcome a strategic investment from NightDragon Security, the leading security investment firm led by industry veterans Dave DeWalt and Ken Gonzalez. Dave DeWalt will also join Source Defense as a strategic advisor, helping to shape the direction of the company.
NightDragon Security joins a global group of expert cybersecurity investors who solely invest in unique and extremely promising cybersecurity companies, and participated in the company’s recent $10 million series A funding round, led by Jerusalem Venture Partners (JVP).  This outstanding group of investors aims at making the Source Defense solution the global standard for website security. 
“There is currently a dramatic escalation of real-world attacks exploiting a universal flaw in website security introduced by 3rd parties in the website technology supply chain,” said Dave DeWalt, Founder of NightDragon and Strategic Advisor to Source Defense. “Source Defense is a highly innovative company and given that this website security flaw exists in nearly every site, we plan that its technology will be an indispensable and ubiquitous solution for ensuring browser session security.  I look forward to supporting the Source Defense team in the acceleration of fundamentally changing the way the digital channel, especially web commerce, is secured and enabled to be more productive for both website owners and their visitors.”
Source Defense’s first-of-its-kind real-time sandbox isolation technology is designed to stop in its tracks security breaches that leverage vulnerabilities originating from website supply chain vendors. This includes magecart-style attacks as well. Some examples of website supply chain vendors include providers of analytics, ads, chat services, monetization and payment solutions and more. These value-adding services are critical to every website’s success and are used extensively.  
Magecart and other 3rd-party Javascript-originated attacks are becoming more and more sophisticated, frequent, and massive in scale. Hackers are attracted to these types of attacks as most websites today are still completely exposed on the client-side, defenseless against vulnerabilities that they cannot control.
Such security breaches can jeopardize websites’ critical business assets such as customer data, brand reputation, potential and existing revenues. Source Defense will ensure 3rd parties may only deliver the intended value and experience and are not leveraged for malicious website activity.  
“Source Defense addresses one of the most effective forms of web attacks, which has been overwhelmingly underserved and difficult to mitigate. We are excited to have Dave join the company, as an investor and strategic advisor,” stated Yoav Tzruya ,General Partner at JVP and SourceDefense Chairperson. “Dave has been a thought leader of the cyber security domain, investing and executing ahead of the curve, for years. Joining Source Defense is a great match and will allow the company to accelerate growth and provide value to customers and partners.”
“Dave and NightDragon joining us on this journey is a huge vote of confidence in the strength and vast potential of our approach. NightDragon, as well as our other investors, all of whom are cybersecurity leaders, view us as the change agent that will redefine the way website security is done going forward. We are confident in our ability to help website operators restore confidence in the security and privacy on their sites,” says Hadar Blutrich, Source Defense CEO and Co-Founder.
Website operators looking to understand their level of exposure can sign up here to receive a free threat and exposure analysis for their website.  
About Source Defense
Source Defense provides an entirely new and unique client-side website security solution focused on prevention of malicious activity originated from website supply chain vendors. The Source Defense solution includes a fully automated and machine-learning-assisted set of rules and policies that control the access and permissions of all 3rd party tools operating on a website. The Source Defense solution protects websites’ critical assets and ensures user experience and website performance are not compromised.  
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