[ Nov 30, 2018 ]
India has seen a sharp rise in cyber security startups as nearly 50 product firms set up shops in the past few years, says a report by Belong. This uptick in cyber security startups has been primarily attributed to an increasing number of cyber attacks in the country across industry sectors.
The country currently has an estimated 200 such cyber security startups and half of them being located in Mumbai and Pune as banking and financial services sector continues to create largest demand for cyber security solutions. Bengaluru has the third largest number of such startups after Mumbai and Pune.
Some of these startups include Threatbar, Thirdwatch, IPHawk, Mobilock Pro and others.
These startups has solutions in key areas such as anti fraud, identity management, predictive Intelligence, app security, fraud detection, cyber risk management.