Irish Tech Firm ITUS Secure Technologies Launches New Cyber Insurance Platform
A technology company based in the North West of Ireland, ITUS Secure Technologies, has received recognition for developing a new software platform. The system is designed to help small and medium-sized enterprises (SMEs) manage their cyber security risks more effectively.
Currently, many businesses face a problem known as the ‘snapshot’ issue in cyber insurance. This happens when an insurance company only checks a business's security once a year. Because cyber threats change every day, this method often leaves companies unprotected for long periods.
ITUS Secure Technologies has created a new platform that changes this process. Instead of a single yearly check, the software allows insurers and businesses to monitor and address cyber risks on a continuous, daily basis. This ensures that security measures are always up to date.
This innovation is particularly important for smaller businesses that may not have large IT departments. By using this platform, companies can better understand their digital weaknesses and fix them before a cyberattack occurs. This helps both the businesses and the insurance providers feel more secure.
The development highlights the growing role of Irish tech companies in solving global security challenges. As cybercrime continues to rise, tools like this are becoming essential for protecting businesses across Ireland and beyond.