European Startups Lead Cybersecurity Innovation Amid Rising Threats
Europe, Friday, 6 September 2024.
As cyber threats surge, European startups are stepping up with innovative digital security solutions. Companies like Eye Security, Filigran, and Wero have raised millions to protect businesses and governments from sophisticated attacks, addressing the doubling of Russia-linked cyberattacks in the EU from late 2023 to early 2024.
Unit 29155 and the Rising Cyber Threat
The notorious Russian military intelligence unit, Unit 29155, has been linked to several high-profile cyberattacks targeting Western infrastructure. This unit, previously known for physical sabotage, has expanded its operations to include cyberattacks aimed at disrupting support for Ukraine and gathering intelligence on Western arms supplies[1]. Intelligence services from the UK, Germany, Estonia, Australia, and the US have reported that Unit 29155 has been conducting cyberattacks since at least 2020, including the Whispergate attacks before Russia’s 2022 invasion of Ukraine[1].
Eye Security: A Dutch Solution
Eye Security, founded in 2020 and based in The Hague, has raised €36 million to enhance cybersecurity for small and medium-sized enterprises (SMEs)[1]. The company offers comprehensive cybersecurity solutions designed to protect various industries, including automotive, manufacturing, healthcare, financial services, and information technology. By leveraging advanced threat intelligence and risk management tools, Eye Security aims to provide robust defenses against the growing number of cyber threats targeting European businesses.
Filigran: Open-Source Innovations from Paris
Filigran, established in Paris in 2022, specializes in open-source cybersecurity solutions and has secured €20 million in funding to improve threat intelligence and risk management for businesses[1]. The company’s platform offers customizable security tools that can be adapted to meet the specific needs of different organizations. This flexibility is particularly beneficial for companies looking to enhance their cybersecurity posture without relying on proprietary solutions.
Wero: Scalable Security from Belgium
Wero, based in Belgium, has also raised €36 million in funding to develop a scalable cybersecurity platform that enhances defenses against cyber threats while providing rapid insurance access[1]. The company’s innovative approach combines advanced security measures with insurance solutions, offering businesses a comprehensive package to manage and mitigate cyber risks effectively.
EU Cybersecurity Strategy and Collaboration
The European Union (EU) has been proactive in addressing cybersecurity challenges through various initiatives and collaborations. The EU Cyber Security Strategy aims to create an open, safe, and secure cyberspace by enhancing network and information security across the Union[2]. Organizations like the European Cyber Security Organisation (ECSO) are working closely with the European Commission to develop a competitive cybersecurity ecosystem that reduces technological dependence and enhances resilience[4].
Cybersecurity Education and Skills Development
In addition to corporate innovations, educational initiatives are also playing a crucial role in strengthening Europe’s cybersecurity capabilities. The European CyberRace 2024, a collaboration between McLaren and Cisco, is focused on developing cybersecurity skills among students[3]. The event includes a Learn-A-Thon, where students can participate in various courses covering topics like endpoint security, network defense, and incident handling. Such initiatives are essential for building a skilled workforce capable of tackling the evolving cyber threat landscape.