Erwan Keraudy, Co-Founder and CEO
In this digital epoch, data has become the driving force of innovation for organizations. Companies across the globe are storing and sharing an influx of sensitive data that includes customer data, trade secrets, biometric data, and acquisition strategy via interconnected networks. They are operating in ecosystems where data share-ability is favored more than security. Personal and professional uses of devices and applications are merging in this nexus of connectivity. This unhindered access to information has given rise to new vulnerabilities, as cybercriminals are attacking data with more sophisticated cyber-espionage techniques.
Regardless of the source— whether caused by an employee’s or third party’s mistake or by a malicious attack—data leakage can trigger irrevocable damages to an enterprise. It poses serious threats to an organization’s reputation, finance, and overall business. Over the last few years, firms in almost every sector, have faced data-loss incidents. One such famous instance involves Yahoo, who lost nearly $350 million in its sale price, due to a data breach in 2014. It leaked personal information including names, e-mail addresses,and,telephone numbers of 500 users. Such cyber threat incidents teach organizations that ensuring proactive cybersecurity has become imperative to protect their data.
CybelAngel, a prime digital risk management company, guarantees maximum data security through its SaaS platform, which monitors data leaks and enables effective remediation. By leveraging AI and ML, it scans over 2 billion documents every day for data leakage. What makes CybelAngel’s data scanning technology unique is that it detects data leaks in every layer of the internet, be it surface web or dark web.
It even scans the highly restricted content of the dark web by using a crawling system. Besides, the platform specializes in investigating fake sites that are involved in phishing activities.
This French company was founded in 2013 by Erwan Keraudy. Being a cybersecurity veteran, Keraudy is deeply aware of the dangers that free-floating data attracts. As the CEO of CybelAngel, he says, “We use the strategy of proof: I show my clients that when they send or transmit files, they are no longer under their control. We prove that every company around the planet is exposed to sensitive data loss. We succeed in detecting this data and bringing it back as soon as possible.”
CybelAngel has already triumphed in the cybersecurity markets of France, Germany, UK, and the U.S. with a diverse clientele that includes companies like Total, L’Oreal, Deutsche Bank, and Sanofi. Keraudy recalls an incident in September 2017 when CybelAngels assisted a client to protect their internal network against data leakage. The client’s data was exposed on an unprotected NAS drive that belonged to a third party vendor that they partnered with. CybelAngel immediately notified the client to change their targeted servers in order to protect the data. Weeks later, the client’s IT security team observed a hacking attempt on the exposed data. But, CybelAngel’s monitoring alert immunized them against such threats.
This young company can count on its prestige, especially after winning the 2016 Pitch contest in Slush 100 digital startup conference. Owing to its promising innovation, it also bagged an award at the Tremplin Enterprises competition in Paris. This eminence prompted investors like Serena and Bpifrance to offer them a funding of nearly $12 million. This funding has assisted CybelAngel to venture into the U.S. market, while simultaneously enabling them to develop the technology. Finding great potential for expansion in the States, Erwan says– “American companies are more ripe on the subject as data leakage scandals have multiplied recently, so it goes quickly enough.” In times ahead, CybelAngel aims to be enlisted on Nasdaq to help further expand the business. With its state-of-the-art technology, CybelAngel will endeavour to create a more secure cloud computing environment where enterprises can maximize control over the data they share.