Encore recognised for cybersecurity contributions to financial services industry
Maidenhead, UK. May 2022: Encore has been included in this year’s CyberTech100 list.
Launched by FinTech Global, the list recognises the world’s most innovative solution providers helping financial services firms fight off cyber attacks, protect customer information, and mitigate digital risks.
The CyberTech industry for financial services has grown dramatically over the last couple of years as operations are increasingly moving to the cloud and organisations expand their spending on securing their digital infrastructure. With an average cost of $5.72m per data breach, the majority of financial institutions are projected to increase their security budgets even further.
As a result, this year’s process to identify the leading 100 companies in the CyberTech space was more competitive than ever. A panel of analysts and industry experts voted from a list of over 1,000 businesses. The finalists were awarded a place on the list for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
“Financial institutions are 300 times more likely to be the target of a cyber attack compared to other companies. As such security executives in financial services must stay on top of the latest innovation and threats in the market to proactively prevent data breaches and avoid reputational damage,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that by identifying the top new technologies which can be part of an integrated cybersecurity risk management strategy.”
Brendan Kotze, Chief Executive Officer at Encore, commented: “We’re thrilled to be named a CyberTech100 company. It’s an honour to be included among a group of truly innovative organisations, making a real difference to the financial services industry in their ongoing fight against cyber threats. And it’s the Encore team’s unwavering dedication to supporting our customers that is the key to our success.”
The full list of the CyberTech100 and detailed information about each company is available to download at www.CyberTech100.com.
With more than 25 years’ experience providing professional services and cyber security consulting for the largest companies in the world, we brought this knowledge to Encore. Our team are comprised of hackers and engineers that know the mindset and tooling of the attackers, and how to get the most coverage out of security tooling.
Encore visualises information that can be confusing and often overwhelming, providing accurate and action-based reporting and visibility across numerous security controls, through one secure portal.