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Home Conversations

CYFIRMA decodes threats for a safer world

Sandra Go by Sandra Go
08/08/2022
in Conversations, Startup Show, Startups Shows
Cyberthreats
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2021 was a busy year for cybersecurity experts and IT professionals as businesses worldwide faced a barrage of cyberattacks. In fact, last year was a record-breaking year for cyberattacks, with the number, severity, and variety of these attacks anticipated to rise in 2022 as hackers develop new strategies for launching sophisticated attacks.

According to experts, the Covid-19 pandemic and the expansion of the work-from-home culture has given rise to cyberattacks, particularly on people’s mobile phones, with up to 40 percent of mobile devices being exposed to cyberattacks and approximately 97 percent of companies worldwide have dealt with mobile threats in one way or another.

To further expound on this topic, we speak to CYFIRMA’s founder and CEO, Kumar Ritesh who says, “mobile Internet and mobile apps are no longer just a place to check emails or watch videos on YouTube, it’s also a way to find news, connect with friends and family, and do business on the go. However it’s also a wild west full of unknown threats that can turn your digital footprint into a real-world crime scene.” As an expert in threat discovery, CYFIRMA is the world’s first platform that delivers predictive cyber intelligence. By combining cyber intelligence with attack surface discovery and digital risk protection, the firm is able to deliver early warning, personalised, contextual and multi-layered insights to help clients prepare for impending attacks.

In the last 12 months itself, the company has seen nearly a 10-fold increase in cyberattacks targeting mobile phones users. It also states that mobile devices will continue to attract more attention in 2022 by both cybercriminals and nation-states threat actors. We invite you to listen to what Kumar has to say about this trend, including why and how businesses and individuals can protect themselves from these possible threats.

During the interview, he also shares insights on:

  • The reason behind the establishment of CYFIRMA and what the firm was set up to do.
  • The biggest trends in the cybersecurity space and a deep dive into mobile security.
  • How can individuals and organizations protect themselves against cyberthreats?
  • The company’s newest solutions – DeFNCE, a mobile app that helps users acquire cyber safe habits.
  • The company’s 8 million dollar fundraise from Goldman Sachs, Zodius Capital and Z3Partners, including how this capital will be deployed.
  • CYFIRMA’s key objectives and strategies for 2022.

Guest: Kumar Ritesh, Chairman and CEO of CYFIRMA
Host: Brian Fernandez
For more startup conversations, please check out here.

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