The Covid-19 remote working world has proven to be a rich hunting ground for cybercriminals and a headache for business owners. Paradyn has the cure.

Irish IT services provider Paradyn has invested €250,000 to launch a new security operations centre in Cork, from which it expects to generate an additional €2.5m revenue over the next two years.

The launch of the centre was accelerated by two months in response to the significant increase in malicious threats being faced by businesses during Covid-19.

“Cybercriminals are thriving in the Covid-19 remote working world and businesses are experiencing significant increases in remote access, phishing and social engineering threats”

The centre – based in Little Island, Co. Cork – is the result of a €250,000 investment and enables Paradyn to give its customers a complete view of their infrastructure and the Cyber Threat landscape.

Over the next two years, the company expects to generate an additional €2.5m revenue from the services enabled by the Paradyn TotalView Operations Centre.

“Cybercriminals are thriving in the Covid-19 remote working world and businesses are experiencing significant increases in remote access, phishing and social engineering threats,” said Rob Norton, CTO of Paradyn.

“Criminals are targeting weak security on personal devices connected to company networks and we have seen several instances where they have targeted corporate and sensitive financial data, such as banking information, login credentials, as well as personal data.”

Protecting the remote future of work

The new facility will bolster Paradyn’s managed service capability, helping Irish businesses to remain secure against an ever increasing volume of cyber-threats. With many businesses currently reliant on remote working solutions, the Paradyn TotalView Operations Centre enables proactive monitoring of the potential cyber-threats associated with remote working. This includes the overview of mobile device management solutions, which ensure that staff working from home can only access the company network through an authorised and secure device. 

From the dedicated centre, Paradyn’s security team can provide its customers with 24/7 network monitoring, rapid remediation of cybersecurity threats, real-time analysis and detailed reporting of network events, as well as vulnerability and penetration scanning. Paradyn partnered with global security experts, such as Cisco and Manage Engine, in developing the leading edge security facility.

“Even prior to the current crisis, we have seen a prolonged growth in demand for managed cybersecurity services,” explained Norton.

“As cyber-threats increase in both volume and sophistication, it is becoming more complex than ever to keep businesses protected. Organisations can avoid an expensive and never-ending arms race with cybercriminals by leveraging the expertise and advanced technologies of a security specialist like Paradyn. In doing so, they can focus on their core business, assured that they are well secured to face the complex challenges of the modern workplace.”

Written by John Kennedy (john.kennedy3@boi.com)

Published: 30 June, 2020

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