LORCA reveals second cohort for cyber risk program

London Office for Rapid Cybersecurity Advancement (LORCA) has revealed the members of its second cohort of its cyber risk support program.

The program launched last year with a focus on securing supply chains and boosting user-centric security. Its debut cohort was formed of 11 startups from the UK and around the world, which had relevant solutions and were seeking to scale.

Cohort two is following the same goal as its predecessor, with the new 11 companies set to receive tailored support from LORCA. Guidance will also be offered by Deloitte’s Cyber Risk Service team and the Centre for Secure Information Technologies at Queen’s University Belfast.

One of the startup’s in the new group is CyNation, a provider of cybersecurity and compliance solutions which leverages machine learning technology to give a unified view of a business.

Another one of the new program members is ObjectTech, a trust and identity solution designed for an easier and stronger identification method for products like digital wallets or passports.

The other companies to make the cohort are: RazorSecure, Bob’s Business, Cypto Quantique, OutThink, Distributed Management Systems, Xanadata and CyberSmart.

Minister for Digital Margot James said, “This latest round of companies selected by LORCA highlights how the UK continues to be at the forefront of cyber innovation. Supporting these businesses through all stages of their growth will help make the UK the safest place to be online and ensure that through the government’s modern Industrial Strategy the UK maintains its position as a world leader in cybersecurity.”

For the second program, LORCA looked towards solutions which offered user-centric security in order to boost an employee’s awareness of risks.

Search parameters for these scaleups included, the use of employee awareness and behaviour more effectively as a common layer of cyber defence, improved user interface design to encourage transparent and secure decision-making or achieving a shift in perception so employees are viewed as a cybersecurity asset rather than the weakest link.

LORCA also looked for companies combatting supply chain risks, with an interest in those increasing the levels of assurance among supply chain partners that are often dispersed and disparate.

Other aspects it looked for were a customised cyber risk management for sector-specific supply chain requirements, standards, and frameworks and adapted governance, risk and compliance processes to address the wide range of current and emerging cybersecurity threats faced by global supply chains

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