Cyber security startups strengthening advanced tech to deal with cyberattacks3 min read . Updated: 24 Jul 2020, 07:51 AM IST
- Organizations are adopting digital transformation and tech tools for their internal functions
- The impact of cybersecurity attacks and data breaches is severe, not just monetarily but in terms of loss of brand reputation, goodwill, and customers as well
In the times of Covid, as technologies disrupt most industries, cyber security is also on the path of transformation. As technology evolves, the adversaries are also enhancing their attack methods, tools, and techniques to exploit individuals and organizations. There’s no doubt that Artificial Intelligence is incredibly useful, but it is somewhat of a double-edged sword. AI-ML can be used to detect and prevent the attacks before it takes place.
As AI sees more advancement, we will be witnesses to how far we can take this technology to be both a boon and a bane to cybersecurity and the society in general. The leveraging development of technology, fast-growing penetration rates of the internet, and digital transformation of the world have had several implications:
- There are several organizations that are increasing their business online while there is also a rapidly growing number of online-only businesses.
- Organizations are adopting digital transformation and tech tools for their internal functions.
- There is an emerging gig economy and a growing distant worker base.
- With cheaper mobile-data and increasing bandwidth, people are using the internet more.
Therefore, several quintillions of data are generated every year by individuals and enterprises alike. Data has become the new oil with cyber-attackers trying to leverage technology to find new and advanced ways to breach networks, attack systems, and gain access to data.
The impact of cybersecurity attacks and data breaches is severe, not just monetarily but in terms of loss of brand reputation, goodwill, and customers as well.
The same has been observed with the major data breaches into global tech giants like Yahoo, Facebook, etc. and other big players like Marriott International, Panera Bread, Exactis, etc. While these bigger players have the resources – financial, technical, infrastructural and legal – to relatively easily recuperate from such attacks, several smaller firms are forced to shut down as they do not have the resources to rebuild their structure or win back user trust.
Here is the list of four Indian cybersecurity startups curbing cyber threats
WiJungle: WiJungle is World’s first Unified Network Security Platform that enables businesses to manage and secure their entire network through a single window. It comprehensively caters the capabilities of Network Firewall, Web Application Firewall, Hotspot Gateway, DLP, Vulnerability Assessment, etc. and thus not only eradicates the need to have several standalone security products but also reduces the capital investment of an organization by up to 60 percent & simplifies the day-day management along with scalability challenges.
Lucideus: Lucideus was incubated in IIT Bombay. It has developed a Cyber Risk Quantification platform SAFE (Security Assessment Framework for Enterprises) which is used by enterprises globally. This platform helps enterprises measure and mitigate cyber risks objectively in real-time and tells an organization the likelihood of breaches that can occur in the next 12 months. Lucideus has also made its brand name internationally.
Sequretek: Sequretek is a cybersecurity startup which is meant to simplify security for enterprises and businesses. It helps to equip them with AI and ML-driven security tools and solutions which will make sure that the company is secured and properly armed against all the security threats without any vulnerability. These threats can be known and unknown and Sequretek takes care of everything. Sequretek has expertise in domains like BFSI, e-commerce, retail, healthcare, insurance, entertainment, manufacturing, and more.
Securitybulls: Securitybulls is a startup that is indulged in comprehensive pen-testing which is also known as a penetration test or ethical hacking. Securitybulls offers IT security assessments and infrastructure security services. It analyzes the client company's digital assets and checks for the security risk and flaws from where it can get compromised and attacked. After finding the vulnerability in the security it provides remediation blueprint which will help in enhancing the client's cybersecurity strategies.