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You can also reach us by calling our 24/7 hotline.

+1 888 409 5811

Cybersecurity for Startups

According to CompTIA, in 2019 the U.S. had the biggest tech market worldwide, worth $1.6 trillion. Technology sector is full of new ideas and startups that come to revolutionize different industries, be it finance, manufacturing, healthcare or real estate. The high-tech startups are dominating the market because they incorporate cutting-edge technologies in their products or solutions.

Startups Need to Invest in Information Security Architecture

These emerging technologies are immature and tech startups become more vulnerable to potential attack vectors and threats. Moreover, these tech companies also have limited funds to spend on their security infrastructure, which further increases their fragility of being exploited.

The only way to protect tech and high-tech startups is to incorporate cost-effective cybersecurity solutions that could be helpful in data breach or ransomware situations.

ITIF provides us a list with a list of ten technology-based industries that define a tech-drive startup

The Ten Technology-Based Industries for Startups

   Manufacturing

   Services

   1. Aerospace Parts & Products    7. Computer Systems & Design
   2. Computer & Electronics    8. Data Processing
   3. Pharmaceuticals & Medicine    9. Software Publishing
   4. Medical Devices    10. Scientific R&D
   5. Semiconductor Components
   6. Semiconductor Machinery
Other Industries
Insight

Cybersecurity Trends for Startups

Cybersecurity risks are becoming a day-to-day struggle for different industries. Recent trends suggest a tech-startup industry full of emerging technologies with increased risk for cyber-attacks, and limited budget to allocate towards a mature information security architecture. Cybersecurity statistics have revealed a massive increase in cyber-attacks and data breaches in the tech-startup industry:

$100M

In Revenue.

According to KauffMan Foundation, Each year in the United States, 20 newly founded technology companies reach $100 million in revenue.

$46.3B

AI in Cybersecurity by 2027

According to GlobeNewsWire, it is estimated that artificial intelligence (AI) in cybersecurity will reach $46.3 billion in 2027.

$3.9B

Raised in Venture Capital

During the first three quarters of 2018, both blockchain and cryptocurrency-focused startups raised close to $3.9 billion in venture capital, a 280% increase over last year.

AI

Technology Attracting the Most Investment

Stats from HousingWire show that artificial intelligence-based residential real estate startups are attracting the most investment.

$11.7B

Worldwide Spending on Blockchain Solutions

By 2022, worldwide spending on blockchain solutions will reach $11.7 billion, according to TechJury.

$9.23M

Average Cost of a Data Breach for Healthcare Startups

$9.23M – The IBM Breach report found that the average total cost of a Breach for healthcare increased to $9.23 million in 2021 from $7.13 million in 2020, a 29.5% increase.

Startups
Startups & Tech Companies

Major Security Challenges

According to ITIF’s report, ten tech-driven startups outsize the economic contribution of all other tech-driven solutions. These industries include pharmaceutical manufacturers, data processing, software publishing, medical device manufacturers, computer and electronic manufacturers, and semiconductor machinery manufacturers.

Tech-driven industries

Increased Vulnerability to Cyber Attacks

Other tech-driven industries such as fintech, proptech and healthtech are also highly vulnerable to cyber attacks and data breaches.

Increased Vulnerability to Cyber Attacks Other tech-driven industries such as fintech, proptech and healthtech are also highly vulnerable to cyber attacks and data breaches.
Larger share of employment

Employment in Tech Sector

ITIF’s report also concludes that start-ups in the technology sector are responsible for a larger share of employment in the technology sector than start-ups in general (with 33 percent to 19 percent ratio, respectively).

Employment in Tech Sector ITIF’s report also concludes that start-ups in the technology sector are responsible for a larger share of employment in the technology sector than start-ups in general (with 33 percent to 19 percent ratio, respectively).
Technology companies and startups face a range of cybersecurity issues

Susceptible to Increased Cyber Attack Vectors

Technology companies and startups face a range of cybersecurity issues, including protecting their intellectual property, preventing data breaches, and safeguarding customer data. They also need to be aware of the potential for cyberattacks by malicious actors, and take steps to mitigate these risks.

Susceptible to Increased Cyber Attack Vectors Technology companies and startups face a range of cybersecurity issues, including protecting their intellectual property, preventing data breaches, and safeguarding customer data. They also need to be aware of the potential for cyberattacks by malicious actors, and take steps to mitigate these risks.
Robust and relevant cybersecurity solution

Vulnerability & Security Risk Assessments

The need for a robust and relevant cybersecurity solution can be comprehended by considering these four metrics:

  • Size of the tech company/startup
  • The industry the startup belongs to
  • The type of devices and technologies used by the company
  • Regulatory rules for storing and securing data
Vulnerability & Security Risk Assessments The need for a robust and relevant cybersecurity solution can be comprehended by considering these four metrics:
  • Size of the tech company/startup
  • The industry the startup belongs to
  • The type of devices and technologies used by the company
  • Regulatory rules for storing and securing data
Strong security infrastructures

Information Security Architecture

Larger tech companies often need more strong security infrastructures, and some industries such as FinTech require startups to comply with various security regulations to protect sensitive records of their customers. Thus, these factors collectively play an important role in implementing any security solution in a chosen industry.

Information Security Architecture Larger tech companies often need more strong security infrastructures, and some industries such as FinTech require startups to comply with various security regulations to protect sensitive records of their customers. Thus, these factors collectively play an important role in implementing any security solution in a chosen industry.

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Launching 2022.

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BreachQuest

Security Solutions for Tech Companies & Startups

The tech space is thriving with futuristic companies that are working on artificial intelligence, machine learning, automation, virtualization, big data, internet of senses and many other similar technologies. Moreover, 5G technology has vastly increased the attack vector for attackers.

In the current scenario, here’s how cybersecurity solutions can be implemented in the tech-based companies to fight against upcoming threats and data breaches.

Using Emerging Technologies for Cyber Threat Intelligence

High-tech startups may cause additional vulnerabilities to be discovered. However, many advanced technologies can also help address cybersecurity challenges by offering useful tools that help clean up the cyber threat landscape.

With the help of AI tools, for example, it can automatically collect, analyze and disseminate intelligence and valuable information across global networks, allowing cyberattacks to be detected and mitigated based on optimum prevention strategies.

At BreachQuest, we use our intelligent Priori Platform to ensure end-to-end incident readiness so that all attacks associated with any new technology can be contained and remediated beforehand.

Using Emerging Technologies for Cyber Threat Intelligence

Protection against Data Loss due to Ransomware

New tech companies often make an easy ransomware target. Such startups tend to be highly insecure, as they are more focused on their initial growth rather than their security. Attackers utilize traditional loopholes and vulnerabilities to exploit their systems. The only way to protect against such ransomware attempts is to provide cybersecurity training to employees, as well as using strong security protocols.

Due to limited budgets, companies are unable to bear training costs or robust security solutions. However, BreachQuest is proud to help these tech companies prevent and recover from Ransomware attacks. Our Ransomware Response Services are especially reliable for those tech companies who want to remediate and recover from such attacks at a lower cost.

Protection against Data Loss due to Ransomware

Using Technology to protect Technology

A machine-learning and artificial intelligence algorithm can also enhance Incident Management by reducing the number of security events and queries that need to be resolved by humans to 10%, moving the status to man-on-the-loop from man-in-the-loop.

BreachQuest incorporates strong algorithms in their analysis tools as well as to discover new vulnerabilities residing in the system. We use intelligent tools to hunt flaws before they are exploited by the attackers.

Using Technology to protect Technology

Protection against Social Engineering Threats

Phishing, Ransomware and spear phishing attacks are common among the tech space. The employees are not trained enough to spot these attacks, and they fall victim to the attackers. The technology companies hold data of millions of their customers. Therefore, a single ransomware attack could totally disrupt their whole business.

The most efficient way to prevent such attacks is proper cybersecurity training of employees. Moreover, companies should also have multiple backups of their data to stay on the safer side. Still, if a company becomes the target of a Ransomware attack, then they should consider Ransomware Response Services to strategically remediate risks and ensure complete data recovery.

Protection against Social Engineering Threats
Conclusion

Why BreachQuest?

Our cybersecurity experts are aware of all emerging technological trends in the market, and we have experience working with various tech-based startups from different industries. Moreover, we also incorporate emerging technologies in our Priori Platform and threat analysis tools to make digital forensics more effective.

BreachQuest’s core focus is to ensure fast scoping, containment and recovery from all types of threats. This has been now made possible with our specialized Priori Platform that we use for instant detection, faster response and remediation.

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