Ten cyber-security firms from across the UK have been selected to join a £13.5m innovation programme at the new London Office for Rapid Cyber Advancement.
The new centre, based at Here East in the Olympic Park, forms part of a government drive to boost commercial adoption of new technology, and position the UK as a leader in the burgeoning cyber security industry.
LORCA, which lists Deloitte’s cyber team as a founding partner and Lloyds Bank as a sponsor, aims to connect vendors with corporates requiring creative solutions to major security challenges. The innovations developed by the businesses range from authentication tools based on heartbeats, to AI-powered insider threat detection platforms.
Alan Foreman, the CEO of B-Secur, a Belfast-headquartered firm behind the heartbeat software, said the scheme would unlock access to big businesses in Britain. “To date we’ve received investment from UK firms, but our products are truly global,” he told NS Tech. “LORCA gives us the platform to remain in the UK.”
Dr Jamie Graves, the CEO and founder of ZoneFox, the Edinburgh-headquartered company behind the threat detection platform, said LORCA would help to get the UK’s cyber talent recognised on a global scale.
“The support and networking that it will give start-ups and scale-ups such as ourselves will be a potential force multiplier for our business,” he said. “In particular we’re looking forward to working and networking with other international cyber clusters and expanding our London footprint to accelerate the significant growth we have achieved over the last 18 months.”
The 10 successful companies explain their services in their own words. (Story continues below.)
B-Secur – B-Secur specialises in using biometric heartbeat as an authentication solution, as well as in other applications including health and wellbeing.
ZoneFox – ZoneFox’s insider threat detection solution prevents data loss, ensures compliance and removes threats using AI and machine learning.
Ioetec – Ioetec aims to connect customers to their Internet of Things devices securely through a cloud service solution. It also works with manufacturers to embed security into their devices.
Think Cyber Security – Think Cyber Security is seeking to transform security awareness with its RedFlags™ software product, which “draws on behavioural science to deliver context-sensitive just-in-time guidance”.
Trust Elevate – Trust Elevate pioneers technical solutions that solve verified parental consent and age-checking challenges, for businesses that serve children and young people.
Aves Netsec – Aves Netsec’s ‘Deception Solution’ is a non-intrusive, non-disruptive service that enables network-wide deployment of deception tactics, enabling real-time detection and attacker intelligence harvesting.
Cybershield – Cybershield stops targeted phishing attacks and alerts employees before they mistakenly act on deceptive emails.
Cyberlytic – Cyberlytic uses AI to detect and prioritise web threats, in order to immediately identify dangerous attacks.
CyberOwl – CyberOwl is cutting through ever-increasing volumes of data and alerts with a platform that clearly prioritises your cyber risks informing security professionals which fires to put out first.
Surevine – Surevine is building on its market-leading cyber-security information sharing products, to develop a distributed architecture which better supports supply-chain and cross-domain information sharing.
Announcing the centre in April, the government claimed LORCA could create up to 2,000 jobs at its base in Plexal, an innovation hub in what was the press centre during the Olympic Games.
Lydia Ragoonanan, the head of the office, previously dubbed the London Cyber Innovation Centre, said LORCA would put a spotlight on the security issues firms are facing.
“The challenges of cyber security are changing all the time. Knowing what the best solution is hard,” she told NS Tech ahead of the launch. “The centre will put a spotlight on the issues firms are facing and help them to find a solution.”
B-Secur’s Foreman said the UK risked losing talented technology workers if the government failed to make further investments in the future. “We’re losing our biggest and brightest tech talent to the US and China,” he warned. “We have world-class cyber in the UK and if we are to secure it we need more initiatives like this.”