5 Minutes with Cyberlytic – 6th Discovering Start – Ups Competition Finalist
Cyberlytic is a London based start-up founded in 2013. They have developed a software product which uses machine learning and adaptive rules to provide real-time risk assessment of cyber attacks. The Cyber Threat Profiler connects to existing security detection systems and accurately determines the relative risk of each cyber attack potentially reducing cyber-attack response times from days to minutes. Cyberlytic is one of 16 start-ups pitching at the 6th Discovering Start-Ups competition tomorrow.
CEO and Co-Founder of Cyberlytic, Stuart Laidlaw provides his insights via this short Q&A
Send us a picture of your team, product or workplace?
From left to right; Stuart Laidlaw (CEO and Co-Founder), St. John Harold (CTO and Co-Founder) and Stuart Churchill (COO)
What was the need you saw?
It has been widely publicised that a global shortage of cyber security professionals has caused businesses and governments to struggle to protect their systems and information against a rapidly increasing cyber threat. At the same time, cyber attacks are becoming more sophisticated with conventional perimeter defences proving to be insufficient. The result is that security teams are becoming increasingly overwhelmed with the volume of attacks and that security breaches are becoming more frequent. Security teams need a way of prioritising their response in order to minimise the risk of compromise and the associated cost and reputational damage as a consequence.
Cyberlytic provides the Cyber Threat Profiler (CTP) which triages security alerts and enables security teams to respond immediately to the most dangerous attacks.
What technology innovations do you expect to see unfold going into 2016?
I think we are likely to see increased awareness and security advances/focus in cyber security of the Internet of Things (IoT) (everyday connected devices). I think this will help bring public awareness to cyber security in general.
Share a key lesson you have learnt over the last year?
We’ve learnt so many lessons over the last year. The biggest lesson is to spend time finding the right investors for your company, given the situation that you are in.
What’s your tip to stay informed about your industry?
Attend relevant networking groups and events regularly. Network, network, network.
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