Accelerator71 Partners with Gridware

26/11/2019

Accelerator71 is pleased to announce a partnership with the Australian based leading cybersecurity firm, Gridware. Gridware is a global association focused on public policy coordination around the use of distributed ledger technologies. With extensive security experience working with global brands across various industries, Gridware is a leading cybersecurity firm helping both private and public sector organisations avert threats, close gaps, and effectively manage risk. By providing independent and tailored advice, security assessments, technical testing and cyber engineering services, Gridware helps its clients develop scalable programs that improve their security posture, achieve their business objectives, and fuel their continued success. Gridware is also a cybersecurity thought leader having industry and academic partnerships with leading Australian universities. Gridware has offices throughout major capital cities in Australia and Asia-Pacific.

What is cybersecurity and why
is it important?

With the rapid increase of attacks and the substantial disruption caused to organisations, cybersecurity has been thrusted into the media spotlight. Whether you collect and store personal user information, or store your critical business data in the cloud, cybersecurity is a fundamental component in ensuring your organisation grows securely, and as a result grows commercially. Put simply, cyber security is defined as the practises used to ensure the integrity, confidentiality and availability of information. This includes the governance arm, which covers compliance areas such as risk management, training and adopting industry best practises, and the technical arm, which is about protecting data, networks, devices and applications from threat actors who seek to gain unauthorised access.

“It’s imperative that startups address cybersecurity risks as startups remain the highest targets for cyber-attacks, greater than banking, finance and government combined, accounting for 43% of all targeted attacks in 2019.”

Ahmed Khanji, Gridware CEO

Cybercrime is also on the rise and fast becoming more expensive for organisations to overcome, specifically startups which have become a major target in recent years. A 2016 study by Symantec, highlighted in their Internet Security Threat Report, found that 43% of all cyber-attacks target startups, and that 60% of startups/ scale ups go out of business within 6 months of falling victim to a cyber-attack. In addition to this, the cost for an organisation to recover from a cyber security breach has increased in the last two years according to research by IBM’s Ponemon Institute study which showed the average global cost of a data breach is $3.92 million USD.

Furthermore, the financial cost of a data breach is not the only burden on the minds of founders and board members, in fact, reputational damage to your brand image after suffering a cyber-attack has been shown to take years to recover from, often affecting the bottom-line. Researchers at IBM have found that the cost of a data breach to an organisation can continue for years after an incident occurs.

“In this climate of evolving threats, it is no longer a matter of if your organization's security is breached, but rather when.”

Ahmed Khanji, Gridware CEO

How Gridware works with startups to secure their products

and services

By taking a risk-based approach, Gridware simplifies the process of getting your startup cyber ready, allowing you to focus on your product. Gridware is made up of one of the largest, most advanced technical testing and simulation teams in the industry, providing a wide range of services including but not limited to:

• Cyber Risk Advisory – Assisting businesses by identifying areas and scope of business risks.

• Compliance Management Services – Helping to simplify and streamline compliance efforts by providing independent validation of IT controls to industry and government standards.

• Technical Testing – Uncovering hidden threats, vulnerabilities, unknown bugs and risks using simulated attacks.

• Secure Cloud Services – Relying on specialised knowledge and experience to secure the cloud with confidence.

• Cyber Engineering – Effectively integrating security solutions while optimising the overall security posture.

Gridware’s vision

Since its conception two years ago, Gridware has helped more than 1,000 major commercial clients around the world protect themselves against even the most advanced cyber threats affecting businesses today. Established in 2016 with a simple idea – cyber threats are increasing, compliance mandates are getting more complicated, and a well-designed cybersecurity program can help fuel your overall success. With a diverse team of talented security professionals, they are transforming how organisations think about security for the future.

Our leadership team

Gridware is headed by CEO and Founder Ahmed Khanji who has over 15 years’ experience in senior management roles across cybersecurity, risk and legal governance. Ahmed is an Adjunct Professor of Cybersecurity and Behaviour at Western Sydney University and a regular guest lecturer at the University of New South Wales School of Law focusing on Information Technology Law. Ahmed has worked on over 300 cyber breach investigations globally and is a regular keynote speaker at international cybersecurity events and security conferences around the world.

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2019 Accelerator71 

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