The average person may find it hard to keep track of the latest cyber threats and the group that caused them. For the guys whose full-time job is to ensure security, they may also find this to be a hurdle to contend with.
That is the motivation behind Virginia’s start-up after seeing a business chance. The start-up can manage threat intelligence the moment the security experts are in so much demand for it.
ThreatQuotient is a creation of Ryan Trost and Wayne Chiang. They were all formerly employed by defense contractor General Dynamics.
What the product does is that it reduces the time taken in identifying and mitigating a security threat. Trost said that the function is achieved by the tool functioning as a repository for any security threat. The Security personnel can then look into the database and extract the information that they need concerning a given attack for faster decision making.
BluVentures and the Center for Innovative Technology recently invested $1.5 million in the ThreatQuotient tool. The Company has plans to utilize the money in upping its marketing and sales team. It also purposes to hire talented engineering staff.
Chiang said that, a long process is involved from the time a threat is detected, the analyst identifies it from a large database, and then uses the information gained to gauge the best action to take. For a situation where the company is large, more days may be required.
ThreatQuotient software aims to make the entire activity more efficient by suggesting the source of data that is most relevant to the business. For instance, the source of data for a retail company may be different from that of a financial institution.
Each person is busy fighting cyber threats. No one would like to be hacked into. It is with that knowledge that ThreatQuotient has come to be an emerging technology in this field of cyber security.
The cyber security market keeps on growing. Both the already established businesses and the upcoming businesses are seeking to get its benefits.
Trost said that as at the moment, ThreatQuotient is focusing on the private. It has plans underway on how it can get into the public sector.
Some of the competitors that ThreatQuotient faces are ThreatConnect which is under the leadership of a former engineer at Mitre.
Even though the company did not give specific figures, Troy said that in 2014, they were able to skip $1 million. At the end of 2016, the Company holds high hopes that its profits will triple.