UK start-up Think Cyber Security will be welcomed into the Government's £13.5m innovation centre to help enhance its work on using human behavioural science to tackle cyber attacks initiated by people
Tech company wants more businesses to take action on cyber security
It’s using behavioural science to ward off cyber threats, and now Think Cyber Security has been named as the first business to benefit from the UK Government’s £13.5 million dedicated centre for innovation.
Its “Redflags” software continually detects and models the security activity of individual IT users, ensuring company’s receive relevant, timely guidance so as to prevent cyber attacks – 90% of which are initiated by humans.
The start-up is part of the first cohort of UK-based businesses to join the London Office for Rapid Cybersecurity Advancement (LORCA), which will give it access to resources, investors and the international cyber security community.
Think Cyber Security offers something different in crowded marketplace
Think Cyber Security CEO Tim Ward said: “This is fantastic recognition of the innovation in our approach to security awareness and in our Redflags product.
“It highlights that the market is crying out for something new.
“We will be basing ourselves at the site as many days a week as we can.
“It’s a great facility for hosting meetings, collaborating with fellow start-ups and with onsite services – for example design, insurance, legal and banking.”
LORCA’s effort to stop cyber threats
Opened in June 2018, LORCA is run by co-working space provider Plexal in partnership with Deloitte’s cyber team and Queen’s University Belfast’s Centre for Secure Information Technologies (CSIT).
LORCA is based at the Here East campus on the Queen Elizabeth Olympic Park site in Stratford, London, and will welcome a new cohort of cyber security organisations twice annually.
By 2021, it plans to have worked with 72 high-potential companies, generated up to 2,000 jobs and secured £40 million in investment.
Mr Ward said: “We have time scheduled to work with Deloitte and CSIT, and hope to have opportunities to run trials of our software with these partners and their customers facing cyber security challenges.
“We are also expecting to be involved in an international mission of some kind to drive exports.”
He added: “Organisations have been chosen that cover a fairly wide spread of cyber security areas and complement each other to address different challenges different businesses may be facing.
“We are also at a stage where we can gain a lot from the programme to scale up our activities, through working with Deloitte and Lloyds Banking Group and through engineering support from CSIT.”