CybSafe raises $7.9M Series A led by IQ Capital for its ‘behavioral’ cybersecurity platform – TechCrunch

Cyber ​​security startup Cybacef, A ‘behavioral protection’ platform, has raised $ 7.9 million in a Series A funding round IQ Capital With participation from Hannover Digital Investments (HDI) GmbH and B8 Ventures. The round of investment will be used to focus on expanding its enterprise and mid-market customer base. CybSafe is a SaaS product with a user-based, subscription licensing model.

As most people know, the major concern with security is not so much the arrangement of the people. Actually, 90% of UK data breeches are usually Due to human error, for example.

Cybercaf’s ‘Behavior-led’ platform manages the security risks related to these people using behavioral science and data analysis by providing personalized cyber support for users. The company has 350 customers in 15 countries, including Credit Suisse, Air Canada, HSBC and NHS Trust.

Launched in 2017, the company was founded by a cyber resilience and intelligence specialist, Oz Alshe MBE, A former lieutenant colonel in the British Army and the UK Special Forces, who was the first black officer to serve in the parachute regiment and the UK Special Forces. The team consists of former UK government cyber security experts, behavioral scientists, data scientists and software engineers.

Laptop workers

Aleish says that the platform helps users “develop safety skills and habits through recognized microlearning content, adaptive support content, and personal nudity. The combination of relevant, just-in-time and on-demand content helps people.” Makes sure to help them. They get it whenever they need it. And they get it the way they are most likely to help. “The platform is available in 9 different languages.

CybSafe is delivered via a mobile application or within a browser, which shows ‘byte-size’ guidance, alerts, and notifications.

CybeSafe’s competitors include Noble 4, Wombat Security and InfoSec, but Aleishe says that CybeSafe’s strength is that it addresses security awareness for the average person: “Security awareness is dead. It is ineffective. It is disabled. And it is broken. Sybase Cafe uses behavioral science and data analysis to deliver working security behavioral interventions. It has an efficacy rate of over 90% for some behaviors to prove it. “

The team consists of Jonathan Webster, CTO who previously worked on His Majesty’s Government Digital Services; Dr. John Blythe, Head of Behavioral Sciences, and a Chartered Psychologist with the British Psychological Society.