3 Cybersecurity companies to keep an eye on in 2022

By Joy Dumasia

Cybersecurity is a set of techniques that are used to protect internet-connected systems. It can protect networks, data, computers, and software. Cyber-attacks are performed to make an unauthorised change, access, extort money, or destroy data. Some of the common types of cyber-attacks are malware, phishing, ransomware, and social engineering. Cybersecurity helps individuals’ and organisations protect their data and systems.

The world has been speeding toward innovations in cyber defence and not just enterprises, but governments and e-commerce sectors have been investing in safeguarding their operations and insulating their networks from identity thefts, hacker invasions, online fraud, and cyber assaults. 

The FinTech sector blew up last year as the number of fraud cases increased at an exceptional rate. Scammers break anti-fraud systems to steal credit card details and personal information to use a victim’s online wallet and bank account. Phishing links are another way victims fall prey to and grant the attacker access to their devices, such as payment links. It is time to focus on enhancing cyber infrastructure security.

The following are 3 Cybersecurity companies to keep an eye on in 2022:

• SEON

SEON strives to help online businesses reduce the cost, time, and challenges faced due to fraud. Whether a global financial leader or a small eCommerce startup, the solution simplifies fraud management so the focus can stay on what matters, that is, the growth and scaling of the company.

Recently, IBS Intelligence reported that Grover, Europe’s tech subscription platform, counts 1 Million European users. It is now expanding to the US and announced that SEON to be part of their growth plans. As a pioneer in the technology subscription industry, Grover must ensure fraudsters and scammers don’t infiltrate its platform.

• Nethone

Nethone is a Know Your Users (KYU) company that allows merchants worldwide to serve their clients better and prevent online fraud. Nethone protects online merchants from card‑not‑present fraud and provides them with recommendations supported by a long list of arguments to optimise their business decisions. They use cutting‑edge Machine Learning technology to detect & prevent card‑not‑present fraud and account takeover. They also help online lending companies with credit scoring.

IBS Intelligence reported that Nethone, which has raised $6.7 million in the capital, notes that its passive behavioural biometrics enables online or digital businesses to prevent more than 95% of account takeovers (ATO) cyber threats or attacks been spreading across the globe 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 other methods.

• Sysnet Global Solutions

Sysnet cybersecurity company helps build and support cybersecurity and compliance solutions that help businesses improve security and acquire organisations to reduce risk. This is achieved between the clients and their customers globally through market-leading software, end-to-end services and best-in-class support.

Recently, IBS Intelligence reported that Sysnet Global Solutions, a leading provider of cyber security and compliance solutions, announced that it had acquired SecureTrust, a division of Trustwave, to expand its cyber security solutions further and accelerate its market expansion. SecureTrust, a leading Payment Card Industry (PCI) compliance provider, provides innovation and processes for achieving and maintaining compliance and security.

ALSO READ: Cybersecurity in Financial Services Report 2021