Red Sift, the open-cloud, data analysis platform that provides cybersecurity solutions for any sized organization, has again been named a Top 100 Cybersecurity Company for 2021 by Fin Tech Global.
The CyberTech100 for 2021 recognizes the pioneering companies helping financial institutions combat cyber threats and fraud. The second annual list of the world’s most innovative providers of digital solutions helping financial services firms fight off cyberattacks and protect their data was announced today by FinTech Global, a specialist research firm.
The CyberTech industry for financial services has seen huge growth over the last four years as operations are increasingly moving to the cloud and organizations expand their spending on securing new digital infrastructure. Total annual investments in the sector grew from $0.7bn in 2016 to over $6.2bn last year. That's an increase of nearly nine times and a CAGR of 72.5%.
As a result, the competition to be identified as one of the leading 100 CyberTech companies in the world was even fiercer this year. A panel of analysts and industry experts voted from a list of over 1,000 companies produced by FinTech Global. The finalists were recognised for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
“Security executives working in financial services need to be aware of the latest innovation and threats in the market in order to protect client and company data as well as fend off cyber and financial criminals,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that and identify new technologies which will have lasting impact on the industry and attackers’ behaviour.”
A full list of the CyberTech100 and detailed information for each company is available to download at www.CyberTech100.com.