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Hack the box: security playgrounds

Read out loud
21 Jan 2020# min read

Hack The Box provides a legal and gamified platform for cybersecurity professionals to hone their skills through hands-on hacking challenges. Founded in 2017, it has grown into a key training ground for individuals and companies alike. With EIF-backed investment from Marathon Venture Capital, the company is expanding its offerings and driving innovation in cybersecurity training.

Two-factor authentication

“No: complex passwords don’t offer any real form of protection any more. If your protection is just a password, you can pretty much assume someone could be browsing through your data. Today, you need to have two-factor authentication, using things like tokens that produce one-time codes, or something like that,” explains Haris Pylarinos, CEO and founder of Hack The Box, an online platform that allows users to o test and advance their skills in penetration testing and cyber security.

Legal hacking

“As a cybersecurity professional, I can tell you that the best way to train yourself to protect against hackers is… to hack. But, with the way legislation has developed, hacking can land you in jail, right? So what we did is set up a massive playground for cybersecurity professionals to learn and improve their penetration testing skills in a legal way. We set up fake companies for cybersecurity experts to try to hack,” he adds. “We work with individuals as much as with companies. For example, we work with two of the Big-Four accounting firms who use our labs to train their staff.”

From project to enterprise

What started as a community project in 2017 has grown into a very profitable enterprise, offering invaluable training to cybersecurity experts. The environment is controlled, and Hack The Box employs gaming elements like badges, team-play and hall of fame awards. “We even have universities competing against each other on our platforms,” Haris says. “Beyond our 128,000 users, every day we have 300-400 new members joining. Of course, to join, they need to hack the registration code.”

Financial injection

In March 2019, Hack The Box received an important investment from Marathon Venture Capital, a venture capital firm backed by the EIF, which, as Haris describes, was about more than just the financing: “We considered them an asset for the business. They understand start-ups, they have connections and they have been a great help. With their experience they’ve helped us avoid errors and traps. This kind of business guidance is invaluable.” With the financial injection, Hack The Box is working on product development, improving its free offerings, reconstructing its commercial offerings and investing in R&D for a new product that will offer real-time interaction between hackers.

With the IoT and computers so intricately connected to the real world, hackers could do a lot more damage. ”

- Haris Pylarinos

Staying safe

“In the past, hacking used to be a big issue. It could ruin your computer. But today, the implications are so much bigger… With the Internet-of-Things (IoT) and computers so intricately connected to the real world, hackers could do a lot more damage, like sink a ship or set a building on fire. Cybersecurity professionals need to face up to these increased risks.” And every week, everything changes. One week, one thing is considered super-safe, but the next it’s history. A bit like those complex passwords…”At the end of the day, it’s the mindset that makes the difference,” Haris says. “If you are security-aware and care about protection, that’s what will keep you safe.”

About Hack the Box

EIF financing

These are funding initiatives from our portfolio used to support this company

EquiFund

Financial intermediaries

EIF partners participating in this transaction to match our resources

Marathon Venture Capital

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