Helping companies combat cyberthreats more effectively

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Helping companies combat cyberthreats more effectively via IrishTimesBiz

“From working as cybersecurity consultants, we could see that people were constantly stressed out by their workload and felt there had to be a way to improve productivity while also reducing the burnout level and turnover rate among cybersecurity professionals,” Conlon says. This ultimately led to a solution designed to protect against breaches rather than repair them.

“Two companies may have the same IT system with the same vulnerability but organisation A uses it to process customer payments while organisation B only uses it as a test device,” he says. “Intuitively, organisation A is more at risk. However, existing tools will prioritise the threat as exactly the same for both organisations. We solve this problem by taking a data-driven approach to IT risk prioritisation to close the door before someone gets in. Organisations are drowning in data.

The next step for Cytidel is a seed round of €1m to fund hiring, beginning in the first quarter of 2023 as well as further product development and expansion into international markets

 

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