Let’s talk about cyber crisis readiness and management tactics. (And, speaking of tactics, Cytactic.)
Let’s break this down, shall we?
First, a cold fact: In today’s world, cybersecurity breaches are a virtual inevitability, one that often looms tall over individuals and entire businesses alike. Recent reports speak to this in great detail; according to Gartner’s data, “75% of IT organizations will face heavy ransomware attacks by 2025.” (This ain’t a ten-years-off kind of study, either; this literally concerns next year.) With the average data breach costing $8.64 million as of 2023, Gartner highlights how a.) regulations are tightening in both the United States and in Europe, and b.) professional liability and insurance woes are becoming even more critical for CISOs, underscoring an urgent need for greater levels of resilience when it comes to cybersecurity.
Topics like these tie into the M.O. of Cytactic – provide a holistic and dynamic cyber crisis readiness platform built on extensive incident response and management expertise. Cytactic knows how challenging it can be to not just face an active cyber attack, but to deal with the intensified chaos in its wake. Factors like poor synchronization, inadequate information flow, less-than-partial situational awareness, and potential reputational damage on top of the financial hits are all real, and they exacerbate the damage that could truly be better mitigated with early preparedness and comprehensive security toolsets.
This is what Cytactic lives and breathes, which brings us to relevant news:
Just last week, Cytactic announced the success of its $16 million seed funding round led by renowned cybersecurity venture capital fund Evolution Equity Partners (EEP).
“Cytactic handles mounting cyber threats with a simplified, orchestrated, step-by-step methodology,” stated Yuval Ben-Itzhak, General Partner at EEP. “Its platform mitigates crises and helps business leaders prepare and train while complying with growing regulatory requirements and insurer demands. This is key, as it is no longer enough to know how to surface-level investigate and respond. Thorough, cross-organizational action is required so teams can navigate crisis events effectively.”
Dr. Nimrod Kozlovski, founder and CEO of Cytactic, added further commentary.
“Our team’s accomplishments in proficiently managing multiple crises clearly address a crucial and a very-much-now cybersecurity market need. In this vein, we are very proud to partner with Evolution Equity Partners. Given strong industry demand, this new investment will enable us to scale globally and expand our network of deep professional partnerships.”
Edited by
Greg Tavarez
