Experts in
Cryptocurrency
Security

About CYBAVO

CYBAVO was founded in early 2018 in response to an obvious need for enhanced private key management security solutions in the Digital Asset space. Co-Founders Paul Fan and Tim Hsu are veterans of Taiwan’s Cybersecurity industry, each having spent nearly two decades consulting for and building some of the industry’s biggest companies, including Trend Micro (TYO: 4704) and Qihoo 360 (NYSE: QIHU).

The meteoric rise in value of cryptocurrencies through 2016-2018 saw the proliferation of cryptocurrency exchanges across the Asia-Pacific region, specifically in China, Korea, Japan and Taiwan.

Throughout this period, a number of these exchanges suffered devastating attacks, often resulting in the loss of tens of millions of dollars. In response, Paul and Tim found themselves increasingly responding to requests from the exchanges or law enforcement to help perform incident response, and ultimately help the exchanges devise more robust tools and procedures to protect their assets.

After having performed so many forensic audits, Paul and Tim decided the best way for them to help would be to leverage their team’s combined 100+ years experience in Cybersecurity and build a secure, robust Digital Asset management platform manifested today in CYBAVO’s core solution, the CYBAVO VAULT.

50+
Enterprises
$31.1B+
Transaction volume(in USD)
3,210,000+
Transactions
40+
Cryptocurrencies
4+
Global offices
CALIFORNIA / SINGAPORE / TAIPEI / LUXEMBOURG

Leadership Team

Paul Fan
Paul Fan
CEO / Co-founder
Paul is a Cybersecurity veteran with 20 years in the industry. With an MS in Computer Science from NYCU, Paul served as Sr Engineer and then Sr Manager for the Core Technology division at Trend Micro before moving on to a Sr Director role at Qihoo 360. Over 7 years, Paul helped build Quihoo 360 from a Beijing-based 300-person company to a NYSE listed firm employing more than 5,000 people. Paul rose to the position of General Manager of the Core Technology group at Qihoo 360 before returning to Taiwan to start CYBAVO.
Tim Hsu
Tim Hsu
CTO / Co-founder
Tim is a Cybersecurity veteran with 20 years in the industry. With an MS in Information Management from NTUST, Tim also holds the prominent CEH, CHFI & ISO27001LA certifications. He is the founder of two of Taiwan’s biggest Cybersecurity conferences, HITCON and CHROOT. Tim has served as a cybersecurity researcher and consultant at some of Taiwan’s leading SIs, telecoms, and cybersecurity firms. He has acted as consultant to a large number of cryptocurrency exchanges. Helping them respond to cyber breaches - doing forensic analysis and developing robust mitigation strategies, many of which contributed to the fundamental principles embedded in CYBAVO’s solutions.
Jordan Forssman
Jordan Forssman
COO
With a background in economics, Jordan joined the Cybersecurity firm Armorize Technologies in 2006, where he developed an extensive global sales network. At Armorize Jordan earned his Certified Ethical Hacker (CeH) certification which facilitated the development of new applications, leading to acquisition by Proofpoint (Nasdaq: PFPT) in 2013. As Sr Product Director at Proofpoint Jordan developed a new product line that quickly grew to over USD 350M ARR, serving 9 of the top 10 US banks and 56 of the Fortune 100. In 2018, Jordan co-founded XREX, a cryptocurrency exchange, where he developed all operational policies & procedures, overseeing technology implementation, including CYBAVO VAULT.
Roberto Machado
Roberto Machado
EMEA General Manager
Roberto is a serial entrepreneur with a Masters degree in Telecommunications Engineering and extensive experience in software development, project management, product management, and digital marketing. Roberto spent his early career developing mobile payment solutions for Fintech companies before moving on to join Paul at Qihoo 360 as Product Manager - gaining valuable experience and exposure to the Cybersecurity industry. After leaving Qihoo 360, Roberto co-founded a number of companies and foundations dedicated to travel and cultural exchange before once again joining up with Paul to help build CYBAVO.

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