5 Cybersecurity firms helping businesses fight digital crime in India

By Gloria Methri

Cyberattacks are on the rise – increasing in both frequency and sophistication – and financial players have become a prime target. Research from the Anti-Phishing Working Group shows that the financial sector (including banks) was the most frequently victimised by phishing in Q2 2022, accounting for over a quarter of all phishing attacks.

With an increasing rate of ransomware and financially motivated cyberattacks globally, Cybersecurity has become the centrepiece of many organisations worldwide. If firms are to protect their assets and customers, they must build cybersecurity into the heart of their practices. This is why cybersecurity companies in India are on the up and rise.

Let’s look at five RiskTech companies safeguarding banks and financial organisations against cybercrime in India:

• CyRAACS

CyRAACS is a Cyber Risk Advisory and Consulting Service providing security consulting and risk management services to organizations. It is a pioneer in providing tailored and sustainable cybersecurity solutions. CyRAACS is a Qualified Security Assessor for PCI DSS and is Empaneled with CERT-IN for Information Security Auditing. It provides security consulting services in the areas of cybersecurity, data privacy, risk management, and technology.

• Cymune

Cymune bridges the cybersecurity gaps for businesses that aspire to be digital with an uncompromising approach to innovation. Cymune helps businesses fight cybercrime, protect patented data and diminish security risks. It aims to help transform their clients’ businesses by removing any security hurdles. Its approach involves the company broadly assessing three main things across Core Domain areas: Inherent Risk, Process Maturity, and Operational Effectiveness.

• QualySec

Qualysec Technologies is a Cybersecurity company focusing on various aspects of the information security industry, including Web and Mobile application Penetration testing, Source code review, IoT, and Cloud Security with other services that assist its customers in increasing their security levels. Since 2020, Qualysec has been providing security consulting services to global companies in the fields of Finance, Government, Healthcare, Insurance, and high-tech industries like AI/ML, IoT, and Blockchain security.

• Sattrix Information Security

An advanced cyber security company, Sattrix offers Managed Services, Cloud Security consulting, and InfoSec Consulting services to help businesses scale their security posture. Sattrix Information Security was founded in 2013 by a tech-savvy entrepreneur to deliver cybersecurity-managed and professional services to businesses worldwide. Today, the company caters to organizations in EMEA and North America, and our growth journey will only get steeper.

• Value Point Systems

Value Point Systems is one of the leading Digital Systems and Services Integrator companies in South Asia. It uses cybersecurity, cloud computing, data centres, networks, digital workplaces, and IT-managed services to help businesses accelerate their digital transitions. The company utilises cybersecurity techniques to safeguard the interests of businesses, keep their data and operations confidential, help with their digital dealings, and ultimately lead to their growth. As of 10 October 2022, Value Point Systems is a Noventiq company.

ALSO READ: Cybersecurity in Financial Services Report Q4 2023