TAMPA, Fla.--(BUSINESS WIRE)--Deepwatch, the leader in advanced managed detection and response (MDR), announced today the company has been selected as a CyberTech100 award winner for 2023. Now in its fourth year, the CyberTech100 recognizes 100 of the world’s most innovative cyber technology companies that every financial institution needs to know. Deepwatch received this award for its innovative use of technology that solves an industry challenge, provides cost benefit, or improves efficiencies across the security value chain.
“We are honored to receive this recognition by FinTech Global. Being recognized as one of the world’s most innovative cybersecurity companies is a testament to our value in helping customers with their most pressing security and risk challenges,” said Charlie Thomas, Deepwatch CEO. “Our security platform, financial industry specific detection algorithms, patented risk scoring and elite team of experts delivers the best possible risk mitigation for financial institutions as evidenced by numerous leading global brands that trust Deepwatch to protect them.”
Deepwatch was chosen by industry experts and analysts who reviewed a selection of over 1,000 firms provided by FinTech Global, a data and research firm. The criteria assessed by the advisory board and FinTech in making the final selection decision included:
- Industry significance of the problem being solved
- Growth in terms of capital raised, revenue, and customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvements, impact on the value chain, and revenue enhancements generated for clients
- Importance for financial institutions to know about the company
“As challenges such as ransomware, phishing and data breaches still plague financial institutions, there has never been a more important time for businesses to use CyberTech solutions,” said FinTech Global director Richard Sachar. “With the average cost of data breaches being in the millions, it is critical that firms look for solutions that can guarantee their protection, particularly as the tough economic climate puts pressure on finances. This year’s CyberTech100 list arms companies with the necessary information to find the industry change-makers who are providing companies with the opportunity to be well protected against these threats.”
A complete list of CyberTech100 and detailed information about each company is available to download at www.CyberTech100.com.
Deepwatch is the leader in managed detection and response, protecting organizations from ever-increasing cyber threats. Powered by its Threat Analytics platform, Deepwatch provides the industry’s fastest, most comprehensive detection and automated response to cyber threats. Deepwatch’s Platform includes tailored guidance from security experts 24/7/365 to reduce risk and improve security posture. Many of the world’s leading companies, from the Fortune 100 to mid-sized enterprises, trust Deepwatch to protect their business. Visit www.deepwatch.com to learn more.