Cyber is arguably the greatest threat to brands and individuals around today, as we move ever faster towards becoming a 100 percent digital society. When digital currency and social credit scores replace cash or bank transfers, and people are unable to travel or work, obtain healthcare or access benefits systems without the correct online ID, then cyber hackers have the power of life or death over millions of people.
Big insurance brands have realised this for the last few years and companies like BAE Systems, LexisNexis and many more are all offering tools in the fight against denial of service attacks, fraud and theft of sensitive data records.
Another approach is to ask experienced hackers to work for the “white hat” side, and this has prompted expansion by one French based start-up;
YesWeHack plans to accelerate its expansion plans in the Asia Pacific region after securing €16 million in Series B funding. The fresh investment comes by way of Banque des Territoires and Eiffel Investment Group, with Series A investors Normandie Participations and CNP Assurances, renewing their backing of YesWeHack.
The fresh funding round will also be used to further develop the company’s platform to enable all organisations, from start-ups to large enterprises and governments worldwide, to raise their cyber security strategy. Additionally, part of the investment will support the company’s research and development efforts.