Introducing an Advanced Cloud Security Solution: Shareoptic

Not a week seems to go by without news of another major cyber attack on UK businesses. After a number of high profile attacks on companies such as Tesco Bank and the Post Office in 2016, already in 2017 Lloyds Bank has been subject to a 48 hour denial of service attack, with cyber villains trying to block access to the bank’s c.20 million UK accounts.

In reaction to the threat the UK government has just officially launched its National Cyber Security Centre, which is designed to protect the authorities and companies against online attacks. The body is central to the government’s overall cyber defence strategy and will be receiving investment of £1.9 billion over five years to help the UK minimise cyber threats.

This investment is just a drop in the ocean however, with the cost of cyber crime continuing to rise exponentially.

Analysts at Cybersecurity Ventures predict that the annual cost of cyber crime could grow to a staggering $6 trillion by 2021. Further research, undertaken for the government by professional services firm PwC, has highlighted that the average cost to resolve a single data breach for an organisation is between £1.5 million to £3 million, with 75% of such security breaches being due to the actions of internal employees.

To meet this challenge Sharewell Limited has developed an advanced cloud security solution which stops criminals in their tracks and helps businesses to protect their profits. The company believes that it has the potential to revolutionise the future of cyber security with its highly advanced product – shareOptic.

Shareoptic

shareOptic is an advanced cloud-based cyber security solution useful to both individuals and organisations who are attempting to safely utilise cloud technology. It harnesses the power of global information security feeds, compares those against the individuals organisations are sharing data with and removes access to anyone who is positively identified as a potential threat. shareOptic comes with a reasonable cost model, starting commercially at just $1 per month / per user.

The company is now looking to raise a maximum of £375,000 on the Crowd for Angels platform, with the first £150,000 eligible for SEIS tax relief and the remainder eligible for EIS relief. Of the funds raised, 80% will be spent on marketing and sales, to drive and expand upon the existing customer base, with 20% allocated to continued innovation & development. With a strategic goal of building security capabilities which significantly improve the capacity of the Microsoft & Google products used by its customers, Sharewell believes that it will eventually become an attractive target for acquisition.

To see the full pitch log in or register with Crowd for Angels and visit https://crowdforangels.com/company/Sharewell-Ltd-116

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