CYDEF named to Invest Ontario’s 10 Cybersecurity Companies to Watch in 2021.
Invest Ontario Highlights CYDEF in List of Cybersecurity Providers
Ottawa, Canada, August 9, 2021 — CYDEF, a leading provider of advanced cybersecurity solutions, named to Invest Ontario’s 10 Cybersecurity Companies to Watch in 2021.
In 2021, the cost of data breaches rose to $4.24 million USD. This is a significant increase from $3.86 million USD in 2020 and represents the biggest average total cost of data breaches in 17 years. In response to this accelerated intensity of cyber attacks, a robust cybersecurity market is growing within the province of Ontario. Invest Ontario celebrates an innovative roster of homegrown talent with the 10 Cybersecurity Companies to Watch list.
CYDEF joins the ranks of top tier cybersecurity providers in Ontario. Companies included on the list offer solutions ranging from password security to multi-factor authentication to cyber intelligence. Invest Ontario celebrates ten cybersecurity companies in 2021 as the province of Ontario establishes cybersecurity centres of excellence in Waterloo, Toronto and Ontario. Two companies in the Ottawa cyber cluster made the cut: CYDEF and Xahive are amongst the city’s most innovative solutions providers.
“The cyber attack landscape is evolving daily. Lists like Invest Ontario’s 10 Cybersecurity Companies to Watch in 2021 emphasize the ongoing need for Canadian expertise in this sector, and highlights Ontario-based organizations that excel in their field,” states Steve Rainville, CYDEF CEO. “We’re honoured to be listed alongside companies like 1Password, Arctic Wolf, Cyber Mongol, Digital Boundary Group, F8th, IDENTOS, Magnet Forensics, Private AI and Xahive. Together, we build a stronger cybersecurity landscape.”
For more information about CYDEF, visit cydef.ca. To learn more about Invest Ontario’s 10 Cybersecurity Companies to Watch in 2021, visit investontario.ca.
Co-Founder & Chief Operating Officer
CYDEF provides advanced cybersecurity threat detection, prevention, education, and incident response solutions for organizations of all sizes. CYDEF leverages decades of security operations, military, and engineering experience to deliver AI and machine learning powered solutions that detect and respond to otherwise unrecognizable attacks from commercialized exploit toolkits and zero-day vulnerabilities.
Our solutions thwart the attack vectors used by cybercriminals to conduct ransomware and other types of attacks. Just as importantly, our solutions are designed to be accessible and affordable by organizations of all sizes.
Learn more about our mission to deliver cybersecurity for all at: https://cydef.ca/