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Cybersecurity service launches to give financial services firms peace of mind

A cybersecurity startup with a new 24-hour monitoring service has launched to provide peace of mind for financial services firms.

bluedog Security Monitoring aims to offer firms of all sizes round-the-clock managed detection services and enable them to check the status of their cybersecurity at any time via a dashboard, as well as produce rapid reports to provide proof of compliance to customers.

The bluedog system uses artificial intelligence to spot unusual activity on a company’s network. It then alerts bluedog’s security operations centre, where the team analyses the activity and can respond if required.

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Meanwhile, the dashboard shows its compliance with key standards such as GDPR, Cyber Essentials, ISO 27001 and the payment card standard PCI-DSS.

The system is ideal for lenders, insurance and investment firms, hedge funds and IFA networks – or any organisation which requires greater oversight of its cybersecurity.

The London-based business – launched by entrepreneur Paul Lomax and cybersecurity expert Tim Thurlings – intends to ‘revolutionise the market for 24-hour cybersecurity monitoring’ by making services accessible to all.

“Financial services businesses are key targets for cybercriminals and many face constant attacks,” Tim Thurlings, co-founder of bluedog, says.

“Firewalls and endpoint protection which firms have traditionally relied on are no longer adequate in today’s environment – they need to take their security to the next level.”

He adds: “bluedog gives them 24/7 access to a whole team of cyber experts for less than the cost of a part-time staff member. It helps them to maintain standards, day in day out, and demonstrate they are in control, providing proof of compliance and ultimately, peace of mind.”

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