Since the earliest days of organized business, startup companies have pushed various industries to expand innovation. Startups challenge the industry leaders to try new approaches to a problem and use methods the companies would not normally use.
Startups are the little guy with not a lot to lose. They can afford to take risks and push the envelope while bigger companies may have to play the game more conservatively. This is especially true in the field of cybersecurity. Larger companies cannot take the risk of trying a new approach on the off chance that it will not work, leaving their clients at risk to cyberattacks. Yet, startups have the opportunity to find new cyberdefenses without much putting too much on the line.
What is a startup?
The term “startup” is often too loosely applied to new businesses. Most people relate it to an individually funded or relatively new organization. To actually identify as a startup, however, companies have to examine three areas: age, size and revenue. Tech Crunch suggested that the most accurate definition of a a startup would be a company that follows the 50, 100, 500 rule. This means that a company must be under $50 million in revenue after a year, have less than 100 employees and have a net value of less than $500 million on paper to be classified as a startup.
Some examples of cybersecurity startups
With that new knowledge, let’s examine some of the most influential startups in the current cybersecurity sector. Shape Security, for example, is leading the industry in mobile protection, giving users three-layer security. The company’s website stated that the product provides above-site, on-site and below-site cybersecurity and has prevented over $100 million in fraud losses for a number of different clients. One important part of the Internet that the Shape software does not protect yet is the cloud. That is where Ionic Security steps in. This startup began in 2012 and is “the world’s first distributed data protection platform,” according to the company’s website. Ionic gives businesses protection over the cloud and on mobile data.
One of the most powerful startups was iboss Cybersecurity, a software program with signature data anomaly detection. The Martini brothers, the company’s creators, changed the cybersecurity game by creating a program that allows business owners to put extra protection on specific data as opposed to using the same level of protection on an entire network, as reported by Forbes. However, a recent purchase of this company by Goldman Sachs means the company’s expanded net worth takes it out of the startup category.
Startups have the ability to approach cybersecurity from a unique angle.
The impact of these startups
Companies like Shape, Ionic and iboss are important for the future of cybersecurity. These startups have the ability to recognize that the old methods and approaches are not working and can create new ways to protect data and networks. Forbes reported that bigger, more established cybersecurity companies may be stuck in their ways that they may not recognize that the older cybersecurity tactics are obsolete. Startups have a better chance of recognizing new threats and acting to find ways to stop them because the traditional model of business does not apply to them. These smaller businesses could be the key to a stronger, more versatile cybersecurity field.
If you are interested in learning more about cybersecurity, consider enrolling in one of the degree programs offered by the National Cybersecurity institute. One of these classes could give you the knowledge you need to open your own cybersecurity startup and lead the industry down the road to innovation. To learn more about these opportunities or to explore class options, visit NCI’s website today.