Cybersecurity is the network of systems and components that work together to protect your company from cyberattacks. In today’s constantly connected world, it’s often a challenge for an organization to be constantly protected from attacks. Fortunately, there are a number of professionals who can help defend your company from a variety of cyber threats.
Cybersecurity is essentially the protection of your business from cyber-attacks by ensuring your business’s safety, confidentiality, and integrity are not infringed upon, despite the presence of cyber criminals who are constantly trying to hack into companies. Banks, finance institutes, and FinTech companies are all legally required to be free from cybersecurity risks. This is enforced through legal regulations that are mandatory for all businesses that deal with personal or sensitive data. Banks are required to provide reliable and secure services, so it is important they implement robust cybersecurity procedures and operational processes to optimise those services. FinTech startups are particularly attractive to cyber-criminals who know that FinTech companies are not as secure as banks.
With so much data being collected, processed, and stored on corporate and financial networks, it’s more important than ever to have a strong cybersecurity program in place. In addition to protecting sensitive data from being accessed by unauthorized individuals, a good cybersecurity program will ensure that the networks, systems, and devices that store that data are protected from being compromised or exploited by malicious cyber actors. A good cybersecurity program will also ensure that the organization maintains a high level of operational availability. This means minimal downtime and preventing a cyber attack from disrupting services and critical business functions.
The following are 3 Cybersecurity companies of the European region:
SEON:
For online businesses, the cost of fighting fraud, the lack of a solution or a personal touch, and the complications caused by a fragmented payment ecosystem can be overwhelming. To help companies grow and scale, SEON provides a seamless, intuitive, and unified fraud management solution that is implemented in as little as 30 days and can be administered by non-tech employees. Combined with helpful support and services, SEON helps businesses reduce the cost, time, and challenges faced due to fraud and focus on what matters: growing and scaling their business.
IBS Intelligence recently reported that SEON, the fraud fighters, announced it might provide online businesses with free fraud detection for 30 days to make sure they’re fully protected throughout Black Friday, a time when cyberattacks will surge.
Last year there have been quite 18,000 fraud attempts on the average made against each UK retailer during the Golden Quarter. it’s predicted that the figure will reach 20,000 in 2021, costing each business £38,000, and SEON aims to drive this number down by making its fraud detection solution liberal to use within the run-up to Black Friday and beyond.
Nethone:
Nethone is a KYU company that helps online merchants prevent online fraud and provide recommendations that will increase profits. They use cutting edge Machine Learning technology to prevent fraud and account takeover while also helping online lending companies with credit scoring. They serve merchants worldwide and have a long list of arguments to support their recommendations.
IBS Intelligence reported that Nethone, which has raised $6.7 million within the capital, notes that its passive behavioral biometrics enables online or digital businesses to stop quite 95% of account takeovers (ATO) cyber threats or attacks been spreading across the world at an alarming rate.
The Polish fraud fighter has been flourishing in its payment and financial application use cases, systematically proving over ten p.p. higher fraud detection precision than the opposite methods.
Sysnet Global Solutions:
Sysnet is a global provider of cybersecurity systems, software, services and support. We help businesses improve their security and acquire organizations to reduce risk. Through market-leading software, end-to-end services and best-in-class support, our solutions are designed to drive down risk, increase regulatory compliance, create agile security operations that are efficient, flexible and cost-effective. We help you empower your business to reach its full potential.
IBS Intelligence reported that Sysnet Global Solutions, a number one provider of cybersecurity and compliance solutions, have announced its acquisition of NuArx, a number one provider of PCI compliance, managed cybersecurity and digital transformation solutions, to reinforce Sysnet’s technology platform further and accelerate its market expansion.
The acquisition comes when cybercriminal activity is escalating drastically, impacting businesses of all sizes. The COVID-19 pandemic has provided opportunities for cybercriminals to extend activity and innovation, a secular trend that threatens many organizations’ stability and business continuity.
