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June 27, 2019 Newsletter
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Montana High Tech News

Montana experts share tips to combat cyber threats like banking trojans, ransomware

LMG Security Founder and CEO Sherri Davidoff said an ounce of prevention is worth a pound of cure when it comes to combating malware. Photos by Slikati.

By Katy Spence

In 2018, the city of Allentown, Pennsylvania suffered an attack from a banking trojan called Emotet that affected the city’s financial processing, police database access, and 185 security cameras. The attack reportedly cost over $1 million to mitigate.

Shockingly, the incident was on the cheaper side. According to the Ponemon Institute, the average cost of a data breach in 2019 is almost $3.9 million.

Luckily, experts like Sherri Davidoff, Founder and CEO of LMG Security, and Dave Martin, CTO of Blackfoot, know best practices for preventing and mitigating cybersecurity breaches. On May 23, they met with Montana business executives in the Blackfoot Cafe at Missoula College to discuss the latest cybersecurity threats.

Based in Missoula, LMG Security is a cybersecurity consulting company that helps clients prepare for, defend against, and navigate the damages of cyber hacking. LMG celebrated its tenth anniversary in May. Founder Davidoff is a GIAC-certified forensic examiner (GCFA) and penetration tester (GPEN), and holds her degree in Computer Science Electrical Engineering from MIT. She conducts cybersecurity training for organizations around the country, including the Department of Defense, the American Bar Association, and FFIEC/FDIC.

Contracting a virus

An email sent from a seemingly trusted source has an attachment that seems important: Karen in HR sent a form that needs to be filled out, or the office manager shared a new emergency exit map. The image is downloaded, but a pop-up message says that something went wrong, and the user must click “Enable Content” to view the file. Clicking that button runs malicious scripts that infect the system and begin stealing or encrypting files immediately. In minutes, massive amounts of data may be gone. 

“This is why data breach cases are so huge,” Davidoff said. “By the time someone responds in two hours, the damage is done.” 

If a business is infected with malicious software (malware), there’s a good chance pieces of the virus can remain hidden and stagnant in their systems. Without a full network cleaning, a malware infection can become a recurring business nightmare

Read more

Special Invitation: Bozeman Reception, July 17, 2019, 5-7pm, hosted by Zoot Enterprises

Last year's summer Bozeman reception drew attendees from all around the state. Photo by Katy Spence/MHTBA
RECEPTION
What: 
 Networking for Montana High Tech Business Alliance members & guests
When:  Wednesday, July 17, 5:00-7:00 pm
Where:  Zoot Enterprises, 555 Zoot Enterprises Lane, Bozeman, MT 59718 Map

Join the Montana High Tech Business Alliance as our guest for an evening of networking and conversation. Beer, wine, and appetizers will be served. Significant others are welcome.

Prospective members are invited to attend one reception for free before we ask them to join the Alliance. If you have any questions about the event or membership, please contact Maddy Ouellette at maddy.ouellette[at]mthightech.org.

Register Now

Member News:

Printing for Less announces major expansion of Livingston shop

The exterior of Printing for Less via Bozeman Daily Chronicle.
By Abby Lynes/Bozeman Daily Chronicle

A large employer for Bozeman and Livingston, Printing For Less will unveil its new new production and warehouse space in mid-July, according to a news release. That will bring the total size of its building to 101,000 square feet.

The expansion comes after PFL landed a $25 million capital investment from Goldman Sachs last year. PFL has grown past the point of just being a print shop to being half a marketing technology company and half e-commerce and commercial printing center, said chief marketing officer Daniel Gaugler.

Developing automation technology to help companies with marketing using physical materials, like mail, has helped accelerate PFL’s growth and double the company’s size in recent years. In addition to Livingston, PFL has expanded to offices in Bozeman, Billings and Indianapolis.

Read more.

Early Stage MT HyperAccelerator held at MSU aims to help strengthen technology companies across Montana

Dave Harris, director of operations of Denver-based Rockies Venture Club, speaks to participants from seven companies from throughout Montana participating in the weeklong Early Stage MT HyperAccelerator program held June 3-7 in Jabs Hall at Montana State University. MSU photo by Kelly Gorham.
By Anne Cantrell/MSU News Service

Bootstrapping. Grants and loans. Angel funding. Venture capital. The benefits and drawbacks of these and other sorts of funds were discussed during one session of an intensive weeklong program designed to strengthen Montana-based companies in their early stages.

The event, known as a “HyperAccelerator” program, was held June 3-7 in Montana State University’s Jabs Hall. Seven companies that performed well at regional showcase competitions held in Billings, Bozeman and Missoula – including four with ties to MSU – were selected to participate. The event was hosted by Early Stage Montana, a nonprofit that helps accelerate the growth of emerging technology businesses in Montana, with support from the Jake Jabs College of Business and Entrepreneurship, Blackstone LaunchPad powered by Techstars at MSU and 406 Labs.

Read more.

Big Sky Dreamin' Salesforce conference
July 18-19, Bozeman

ATG Cognizant, Zinovo and Now IT Matters are hosting the second-annual Salesforce conference, Big Sky Dreamin', in Bozeman July 18-19, 2019 at the Rialto. The event is expected to bring up to 200 tech-minded individuals for hands-on sessions around all things Salesforce. Read the full press release here.

Register for Big Sky Dreamin' on the website. Special Alliance member and student discounts are also available.
Montana High Tech Business Alliance, Zoot Enterprises, Advanced Electronic Designs: Help wanted: From high tech to fast food, Bozeman wrestles workforce shortage (Bozeman Daily Chronicle)
Montana High Tech Business Alliance, MyVillage, Sellout: 11 Life Lessons They Should Have Taught You In College (Senior Level)
Montana High Tech Business Alliance: Housing crunch continues to thwart economy (Bozeman Daily Chronicle)
NorthWestern Energy: MCPS to install solar panels at four high schools in partnership with NorthWestern Energy (Missoulian)
Compass Advisors: PR: Evolv acquired by Salewa (Compass Advisors)
First Security Bank: First Security Bank to finance $35M phase of Missoula airport passenger terminal (Missoulian)
UM Computer Science: UM computer science researcher lands prestigious early career grant (Missoula Current)
Tech education: Native Tech Camp returns to Flathead Reservation (Missoulian), UM launches STEM camp for Native American students (Missoulian)

Welcome New Members:

Texbase, Inc., Joseph Walkuski, Bozeman

Upcoming Events:

Cybersecurity Workshop Training - Bozeman. July 2, 8:00 am - 5:00 pm, Free. Northrop Grumman, in collaboration with the USC Center for Economic Development and the Air Force Mentor-Protégé Program, is offering free cybersecurity training to small businesses nationwide. They are holding 40 workshops across the country, and the only workshop being held in Montana will be in Bozeman on July 2. The primary purpose of the all-day workshop is to ensure that small businesses are aware of the cybersecurity requirements mandated under the Defense Federal Acquisition Regulation Supplement (DFARS) and understand the risks associated with safeguarding controlled unclassified information. Learn more about the Cybersecurity Workshop Training.
1 Million Cups Monthly Meeting - Bozeman. July 3. Meets the first Wednesday of the month at 7:30 am at Red Tractor Pizza, Bozeman. Creating conversation around Bozeman startups, business development, and economic growth in the most entrepreneurial state in the nation (plus, coffee). For more information and application to present, visit the website.
1 Million Cups Bi-Weekly Meeting - Missoula. July 3. Meets the first and third Wednesday each month at 9:00 am. Please note the new location will be in the Southgate Mall in the Leonard + Bonnie Hamilton Community Room, located in a hallway near JC Penney, in-between metroPCS and Tradehome. Start your morning with coffee and start your business with 1MC Missoula, a place to percolate your startup. Entrepreneurship runs through it. For more information visit the website or Facebook page.
Big Sky: Big Ideas - Bozeman. July 16-18. Connect with the brightest marketers, inspiring sessions and conversations, inside tips on specific tactile marketing automation tactics. Learn more and register.
Quote 2 Cast - Missoula. July 16-20. As with the previous summits, the general focus will be on emerging trends and best practices in Quote to Cash, and with celebrating our clients’ and partners’ successes. This year’s theme – Winning Through Diversity – will be woven into many of the sessions as we explore how diversity and inclusion can strengthen your teams and your organizations. Learn more.
Montana High Tech Business Alliance Reception - Bozeman. July 17, 2019, hosted by Zoot Enterprises.
1 Million Cups Bi-Weekly Meeting - Missoula. July 17. Meets the first and third Wednesday each month at 9:00 am. Please note the new location will be in the Southgate Mall in the Leonard + Bonnie Hamilton Community Room, located in a hallway near JC Penney, in-between metroPCS and Tradehome. Start your morning with coffee and start your business with 1MC Missoula, a place to percolate your startup. Entrepreneurship runs through it. For more information visit the website or Facebook page.
Essentials of Lean - Missoula. July 17. Participants leave with an understanding of and ability to implement basic lean skills and tools leading to cost reduction, on-time delivery improvement, quality improvements, and a culture of continuous improvement. Presented in collaboration with Blackfoot. Learn more and register for Essentials of Lean.
National Science Foundation SBIR/STTR Program Director, Rick Schwerdtfeger visit - Bozeman. July 17 - 19. Montana companies and researchers will have the opportunity to learn more about NSF's SBIR/STTR proposal process and meet one-on-one with Dr. Schwerdtfeger. More info to follow from MTIP as it becomes available.
Hellgate Venture Network meeting - Missoula. July 18. HVN facilitates informal networking among entrepreneurs and advisers engaged in building growth businesses in Montana. Future meetings will be on Aug. 15, Sept. 19, and Oct. 17. Learn more on the HVN Facebook page.
Big Sky Dreamin - Bozeman. July 18-19, the Rialto. ATG Cognizant, Zinovo and Now IT Matters are hosting this second-annual Salesforce conference. The event is expected to bring up to 200 tech-minded individuals for hands-on sessions around all things Salesforce. Learn more and register.
Greater Gallatin Valley Manufacturing Partnership Annual Growth Workshop - Bozeman: July 25. Manufacturers across Gallatin Valley are coming together to make the valley a region of manufacturing excellence. All manufacturing professionals are invited to see how collaboration across a single sector can make huge waves across a single community and eventually a whole region. Learn more and register.
2019 Economic Update Series: Silver Tsunami: Are Montana's Businesses Ready? - statewide. July 30 - Aug. 1, 8:00 am - 5:00 pm. Billings, Bozeman, Butte, Helena, Great Falls, Missoula, Kalispell. The Montana Chamber Foundation's annual series provides brief mid-year updates and economic projections for local, state, and national economies. The series will feature Patrick Barkey with the University of Montana’s Bureau of Business & Economic Research.  In addition to the mid-year projections for each region, we will take a look at the impact Boomer retirement will have on the workforce. Learn more and register.
Tech Bites: Cybersecurity for Montana Manufacturers - Missoula. August 15. Manufacturing companies, in particular, small and mid-sized organizations, are becoming more susceptible to cyberattacks including data breaches. Join MMEC and Morrison Maierle for a free program and lunch to learn more about developing actionable, flexible strategies to secure your present-day and future success. Learn more and register.
Montana Code School Full-Time Course - Missoula & Bozeman. Full-time class dates: Sept. 16, 2019 – Dec. 6, 2019, Monday-Friday, 9 am - 5 pm. Part-time class dates: Oct. 8, 2019 – April 14, 2020; Location: Missoula & Bozeman, Tuesday & Thursday for 6 months, 6pm – 9pm + 1 immersive weekend a month. Financing available. Montana Code School’s full-time immersive program gives you the skills and fundamentals you need to land a job as a full-stack Jr. Web Developer. Contact 406-219-1392 or talk@montanacodeschool.com. Learn more here.
2019 Chamber Annual Banquet - Missoula. October 9, Cocktails at 4:30 pm, Banquet at 6 pm. Featuring guest speaker Daymond John, known for judging on Shark Tank. Learn more and register here.
UM Computer Science Career Fair - Missoula. October 17, 10am-4pm in the University Center (UC) atrium (the center portion of the building on the ground floor). The University of Montana Computer Science Department is hosting its annual campus-wide career fair for high tech full-time, part-time, and internship positions. Several hundred students attend from various majors. Companies interested in attending can register on the event's website.

Find more events at MontanaBusinessEvents.com.

Past Newsletters: 
06/13/2019 - Improving rural broadband; SoFi brings high tech to Helena; LaPointe on ACA board; MHTBA discount for Big Sky Dreamin'; Cybersecurity workshop July 2
05/16/2019 - ESMT announces 2019 finalists; MHTBA membership update; ATG graduates, hires AIM cohort; GoodWorks launches Evergreen; Purse for the People investment
05/02/2019 - Photos: Billings reception; Gatherboard & UM CS Dept launch app; MT Code School coming to Billings; Hellgate Venture Network Celebrates 10 years
04/18/2019 - Trends Impacting MT Tech Firms in 2019; Apply for TechCrunch Disrupt SF; Nominate Companies to Watch; Apply for ESMT
Click to view more past newsletters.
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