Untapped need in data security offers opening to start-ups

23 Jul 2009

Ireland has both the track record and talent pool needed to create a cluster of start-ups focused in information security, building on the legacy of companies such as Baltimore Technologies, a seminar heard today.

In light of the latest revelations of confidential data going missing, such as Bord Gáis losing over 75,000 customers’ details on an unencrypted laptop, the opportunity appears all the more ripe.

Entitled Start-up Opportunities in Information Security, the seminar was held in NovaUCD and was organised by the Irish chapter of the Information Systems Security Association (ISSA).

“Everyone working in information security has encountered un-met needs where organisations know that a security problem exists but where technology isn’t available or mature enough to solve the problem,” Owen O’Connor, ISSA Ireland president, told delegates.

“Each of these un-met needs, each piece of inadequate technology, each manual process used today, represents an opportunity for Irish security professionals to launch a security start-up and solve these problems.”

He continued: “Irish security professionals are among the most experienced in Europe because of the range of our experience, our exposure to large multinational corporations and, in recent years, our increased educational opportunities and academic research in security. These experienced Irish professionals are ideal candidates to form new businesses in areas such as cloud computing, protection of digital content and the prevention of security breaches.”

Pictured at NovaUCD prior to addressing the ISSA Ireland seminar on Start-up Opportunities in Information Security were the CEOs of three Irish security firms (from left): Mathieu Gorge, VigiTrust; Patrick Smith, FraudHalt; and Cian Kinsella, Digiprove

Picture Nick Bradshaw/fotonic

Article courtesy of businessandleadership.com