UK Spy Agency which is widely known to Media as Britain’s Government Communications Headquarters (GCHQ) has selected seven start-ups to join the three-month long technology accelerator program meant to curb cyber attacks.
The program announced in September’16 is a £1.9 billion funded initiative taken up by the UK government to strengthen up its staff meant for cyber security analysis for intelligence purposes; setting up a national security hub heading with expertise, and widening government procurement for security technologies.
The main purpose of the accelerator meant for cyber security purposes is to drive ideas related to security and innovation on a domestic note.
The security program is operational at Cheltenham Cyber Innovation Center and the staff from the new seven start-ups will be put in this center in order to make them be within the reach of agency staff and expertise.
The companies which have been selected to join the program include-
CounterCraft- This company offers a cyber security deception program, designed to fool hackers with decoy computers, false data, and fake identities.
Cyberowl- a company which detects cyber attacks in advance and issues early warnings
CyberSmart offers a platform that automates implementation, certification, and compliance with cyber security standards.
FutureScraper offers a collective intelligence platform that provides data visualization for analysts in the security field to counter cyber threats.
Spherical Defense is a company which offers intrusion detection system for banking sector involving deep learning technology.
Status Today is another company which is designed to detect cyber attacks and inadvertent faults from insiders
Verimuchme is a digital wallet which offers exchange facility synopsis.
The accelerator program is taken up by GCHQ-backed by Department of Culture, Media and Sports(DCMS), and Wayra UK- a part of Global Telefonica Open Future Network.
DCMS is planning to open a second innovation center with £50 million pounds over the next five years.
As per our sources, GCHQ will be assisted by these 7 cyber security start-ups to devise a large product to allow large organizations defend themselves from the most advanced cyber threats in coming days.
The main aim of this program is to create a new type of defensive layer that improves security for companies in the UK and around the globe.
More details will be updated shortly!