Cybersecurity start-up CybSafe, a “behavioral security” platform, has actually raised $7.9 million in a Series A financing round led by IQ Capital with involvement from Hanover Digital Investments (HDI) GmbH and B8 Ventures. The investment round will be used to focus on broadening its enterprise and midmarket customer base. CybSafe is a SaaS product with a per-user-based, membership licensing design.
As many people in tech understand, the huge interest in security isn’t a lot the system as the people. Indeed, 90% of U.K. data breaches are usually due to human error, for example.
CybSafe’s “behavior-led” platform manages these people-related security risks using behavioral science and data analytics by providing personalized cyber assistance for users. The company currently has 350 clients in 15 countries, including Credit Suisse, Air Canada, HSBC and NHS Trusts.
Introduced in 2017, the business was founded by cyber strength and intelligence specialist, Oz Alashe MBE, a former lieutenant colonel in the British army and U.K. unique forces who was the very first Black officer to serve in the parachute regiment and U.K. unique forces. The team includes former U.K. government cybersecurity specialists, behavioral scientists, data scientists and software engineers.
Image Credits: CybSafe Alashe says the platform assists users develop security skills and habits through “recognized microlearning material, adaptive support product and individualized pushes. The combination of contextualized, just-in-time, and on-demand content ensures individuals get the help they need. They get it whenever they require it. And they get it in the manner in which is more than likely to help them.” The platform is readily available in nine different languages.
CybSafe is delivered through a mobile application or within a web browser, revealing “bite-sized” guidance, informs and notices.
CybSafe’s rivals include KnowBe4, Wombat Security and Infosec, however Alashe says CybSafe’s strength is that it attends to security awareness for the typical individual: “Security awareness is dead. It’s ineffective. It’s inefficient. And it’s broken. CybSafe uses behavioral science and data analysis to deliver security habits interventions that work. It has effectiveness rates of over 90% for some behaviors to show it.”
The team includes Jonathan Webster, CTO who previously dealt with Her Majesty’s Federal government Digital Services; Dr. John Blythe, Head of Behavioural Science, and a Chartered Psychologist with the British Mental Society.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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