Top 10 Innovative Cybersecurity Startups to Look for in 2023

Cybersecurity is intended to counter data breaches and threats. Here are the top 10 cybersecurity startups you should know in 2023

The term "cyber security" covers all facets of safeguarding a company's assets, personnel, and operations from online dangers. A variety of cyber security solutions are needed to reduce business cyber risk as cyberattacks become more frequent and sophisticated and corporate networks become more complicated. Protecting sensitive data and important systems from online threats is known as cybersecurity. Cybersecurity measures also referred to as information technology (IT) security, are intended to counter attacks on networked systems and applications, whether those threats come from within or outside of an organization. Globally, a data breach cost an average of US$ 3.86 million in 2020, whereas it cost an average of US$ 8.64 million in the United States. The costs of finding and addressing the breach, the price of downtime and lost revenue, and the long-term reputational harm to a company and its brand are among these charges. Customers' personally identifiable information (PII), such as names, addresses, national identification numbers (such as Social Security numbers in the US and fiscal codes in Italy), and credit card numbers are the targets of cybercriminals who then sell these records in unregulated online black markets. Customer distrust is frequently lost as a result of compromised PII, which can also result in regulatory penalties and even legal action. Here are the top cybersecurity startups to look out for in 2023.

1. A cloud-based email security technology is available from Abnormal Security to defend against targeted attacks (their software operates within Office 365 and G Suite environments.) The primary use cases include blocking phishing and harmful assaults, detecting compromised email accounts, and offering automated incident response choices.

2. Cyware creates Virtual Cyber Fusion Centers for businesses to automate SOAR and threat intelligence. To aid in proactive threat investigations, Cyware solutions incorporate automated threat analysis.

3. Automation of cloud security benefits from lacework. Within multi-cloud systems, the platform covers configuration assessment, threat detection, host intrusion detection, and compliance checks. The program is compatible with Kubernetes, Google Cloud, AWS, and Azure environments.

4. An organization called Snyk develops developer-first analytic tools to identify and patch open-source vulnerabilities. The product also keeps an eye out for application code flaws. The product is presently used by 2.2 million developers.

5. Axonius is a platform for managing cybersecurity assets used by commercial clients in sectors including retail and energy. 317 pre-built connectors for automating inventory management are available on the platform. Based on business cybersecurity regulations, the Axonius program specifically pinpoints vulnerabilities in asset security. Additionally, it automatically notifies the appropriate team members when a potential security issue is discovered.

6. Cyber threat intelligence is offered by EclecticIQ. The business's software delivers reporting functions, integrates data into the enterprise with suitable stakeholder distribution, and collects pertinent intelligence.

7. The cybersecurity awareness platform HoxHunt. Hence, the platform simulates phishing, social engineering, and other assaults to increase staff awareness rather than preventing or managing attacks. Those that disclose possible security concerns are also rewarded. For people who are unable to identify dangers, HoxHunt offers cybersecurity training.

8. Arctic Wolf Networks offers managed services and cloud security software with 24/7 monitoring and warnings. Real-time analysis is provided by the platform using machine learning and APIs. Additionally, concierge security teams assist in bridging the operational gap for individualized strategic advice.

9. A cybersecurity platform with a focus on OT and IoT security is called Nozomi Networks. Real-time ICS monitoring, hybrid threat identification, asset inventory, and vulnerability assessment are all offered by the company's toolset. Nozomi Networks was recently listed as the 79th fastest-growing technology company for 2021 by Deloitte.

10. The cybersecurity firm Perimeter 81 provides companies with a cloud-based safe network solution. With the help of its network as a service (NaaS) platform, it grants safe access to corporate resources and defends against network threats. Businesses can manage their network more easily and securely with Perimeter 81, enabling employees to safely access corporate resources from anywhere.