Wednesday 18 October 2017

Kildare tech firm invests €300k in cyber security solution

Ellie Donnelly

Ellie Donnelly

Kildare-based technology firm vCloud.ie has invested €300k in what it describes as a "cutting edge" cyber security product.

The product is the first of its kind currently available globally.

Designed to protect operating systems and online facing services, the product can withstand hundreds of thousands attacks per minute, surpassing other online security systems.

"We expect the frequency and severity of cyber-breaches against companies to dramatically grow as hackers continue to become more sophisticated. Secure7 provides essential and unrivalled security against hackers," Richard Meehan, ceo of vCloud.ie, said.

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The announcement comes following an Irish Economic Crime survey from PwC which found that online attacks make up almost half of the economic crimes reported by Irish businesses, outstripping asset misappropriation and accountancy fraud.

"Businesses with an online presence need to start treating the threat of security breaches in the same manner as retailers treat the threat of shoplifters. We envisage secure7 as the ultimate preventative measure for companies," Mr Meehan said.

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