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On the 25 May 2018 the General Data Protection Regulations (GDPR) come into force which govern everyone across the European Union (EU) that carry personal data on behalf of online users.
London AIM listed Osirium is a company that produces ‘product suites’ that, it says, protects critical data from cyber-attacks and ‘internal threats’. CEO David Guyatt and CTO Andy Harris explained a bit more about what the company does and say that, while consumers ultimately benefit from the work that Osirium, and others in the sector do, it goes largely unnoticed. But to the corporations and organisations that it works with, the relationship is key to protect them from a barrage of threats that are designed to search out online frailties.
Harris highlighted ‘three vector threats’, these being Russia, North Korea, and China. Of those, he said, Russia and North Korea pose the broad based threat while China is most complicit in intellectual property theft. He says that, on the question of ‘crypto-jacking’ or theft of cryptocurrencies, the main threats come from Russia and North Korea.
It is not likely that the threat to our online security is going to ease. Indeed, there appear to be more and more attempts by illegal organisations, based in places that are difficult to locate, that can be paid a lot of money to breach online security. As companies like Osirium come up with solutions to current online threats, criminals use increasingly sophisticated techniques to breach the protections put in place.
Gyuatt says that, as business burgeons, Osirium is continuing to increase its management team to capitalise on the increase in demand for online protection.