Siometrix, an Australian cybersecurity start-up, announced their pioneering dual-layered cybersecurity solution. This cutting-edge product employs the Siometrix Fingerprint for robust identity protection and uses unique technology for effective ransomware defence, ensuring comprehensive security to organisations in an increasingly hostile digital landscape.
“Over 90% of cyberattacks begin with identity theft, usually via phishing or social engineering,” said Shantanu Bhattacharya, Founder and CEO of Siometrix. “Our solution’s first line of defence, the Siometrix Fingerprint-based identity protection, keeps accounts secure even when usernames and passwords are compromised.”
In addition to identity protection, Siometrix’s solution boasts a second layer of security designed to counter ransomware attacks. It integrates seamlessly into the file system, recognising and blocking unauthorised processes from accessing crucial data. Even if an account is compromised and attackers gain admin permissions, they won’t be able to open, copy, or encrypt the files.
“With the rise of ransomware attacks – 493 million successful attacks in 2022 alone – a reliable defence has become crucial. Our technology defends an organisation’s digital crown jewels, effectively preventing data theft and damage from ransomware,” Bhattacharya added.
As businesses grapple with increased cyber threats, Siometrix’s dual-layered solution fills a significant void in the cybersecurity market. It offers protection even if users make security mistakes, underlining the importance of robust and automated defences in addition to the user training. This focus makes the solution especially relevant for industries with non-IT-savvy employees, such as retail and hospitality.
Professor Emerita Marianne Winslett, a three-decade cybersecurity veteran from the University of Illinois, said, “Ransomware is a disaster for its victims. First, the business interruption, then the high expense of restoring or ransoming the stolen data, the chance of negative publicity, and finally, the danger that the data will be exposed in the future unless the victim makes additional payments. Siometrix’s approach to keeping unknown devices off your network and out of your data is a great way to help prevent ransomware from gaining a toehold, even when the system has been compromised in other ways by attackers/intruders.”
Siometrix is fast-tracking its commercial-grade solution’s development, actively raising funds, and acquiring customers. The response from potential investors and customers has been overwhelmingly positive, signalling a swift progression for the start-up.
When asked about the threat landscape for the next 12 months, Bhattacharya noted: “The cybersecurity situation is growing more dire. Businesses must prioritise being secure by design, integrating strong ransomware and identity protection into their security strategy. Our dual-layered solution provides essential protection, fortifying businesses against the escalating cyber threat environment.”
For Editorial Inquiries Contact:
Editor Kym Bergmann at kym.bergmann@venturamedia.net
For Advertising Inquiries Contact:
Director of Sales Graham Joss at graham.joss@venturamedia.net
