Security Start-Ups Join Cyber Accelerator

Tuesday, January 24, 2017 @ 04:01 PM gHale

Seven start-ups, focusing on online security issues and threats, will join the GCHQ Cyber Accelerator in the United Kingdom.

The accelerator will be part of a government-funded cyber innovation center aiming to help keep the United Kingdom secure online.

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Each start-up will receive benefits including access to technological and security expertise, networks, office space, and mentoring. The accelerator aims to help the United Kingdom take the lead in producing the next generation of cybersecurity systems, boosting the country’s tech sector.

Seven cyber security start-ups will join the new GCHQ Cyber Accelerator, powered by Wayra UK.

Wyara UK, an accelerator which is part of the UK government’s new Cheltenham Cyber Innovation Center, aims to keep the United Kingdom secure online, enable companies to produce the next generation of cybersecurity systems, and boost the country’s £22 billion ($27.5 billion U.S.) cybersecurity sector, which currently contributes around £2 billion a year ($2.5 billion U.S.) in exports to the UK economy.

The accelerator is a partnership between GCHQ, the Department of Culture, Media and Sport (DCMS), and Wayra UK.

Companies joining the accelerator will begin a three-month development program, during which they will receive benefits to help them scale all aspects of their businesses, including mentoring, contact with an extensive investor network, office space within the new GCHQ Cyber Accelerator, and access to GCHQ’s world-class personnel and technical expertise.

“The accelerator will combine GCHQ’s understanding of the challenges and deep expertise in cyber security with innovative and cutting edge companies,” said Chris Ensor, National Cyber Security Centre (NCSC) deputy director for cyber security skills and growth. “It will help to develop the next generation of security technologies needed to keep us all safe in cyber space.”

The companies joining the program include:
• CounterCraft, a counterintelligence company, protects large organizations with a cybersecurity deception platform, fooling their adversaries with decoy computers, false data and fake identities
• Cyberowl, a breakthrough early-warning system for cyberattacks, incorporating advanced security analytics and heuristic methods
• Cybersmart, a platform that automates implementation, certification, and compliance with cyber security standards
• FutureScaper, a collective intelligence platform that provides data visualizations in order to make sense of complex, uncertain, or volatile issues
• Spherical Defence, a Banking API intrusion detection system that uses deep learning to detect hacking attempts by establishing a baseline of normal communication
• StatusTodayprovides an AI-powered intelligence platform to understand human behavior in the workplace, boosting security against insider attacks and detecting inadvertent mistakes
• Verimuchme, a digital wallet and exchange platform to secure, verify and re-use personal information. Through ID-based crypto-technology, individuals and enterprises are linked to personal information that can be shared digitally over and over again

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