Carbide, a Cape Breton, Nova Scotia and Boston, Massachusetts-based provider of end-to-end cybersecurity tools and resources for small and mid-sized business, announces today the launch of Policy Builder, the inaugural product in its cybersecurity solution suite. Policy Builder is an easy-to-use, web-based software solution that empowers businesses to quickly develop clear and concise cybersecurity policies tailored to their business needs.
Carbide also announces that it has been named among the most promising early-stage cybersecurity startups by Techstars, a top-tier global startup accelerator. Carbide is one of 10 companies selected for Techstars’ Boston 2018 cohort.
“Cyber attacks are growing both in frequency and sophistication. Their increased propagation is taking a toll on small and medium-sized businesses, which typically lack the resources required to properly protect customer data,” says Darren Gallop, CEO and Co-founder of Carbide. “At Carbide, we’re solving this growing issue by providing a cost-effective, end-to-end cybersecurity solution for SMBs.”
According to IBM, small and mid-sized businesses are hit by 62 percent of all cyberattacks ㅡ about 4,000 per day. This rise in cybercrime has encouraged governments to impose strict privacy regulations such as Canada’s Personal Information Protection and Electronic Documents Act (PIPEDA) and Europe’s General Data Protection Regulation (GDPR). However, SMBs are struggling to keep up. Recently, the Privacy Commissioner of Nova Scotia reported that small businesses in the province are failing to comply with PIPEDA. Similar reports are coming from other provinces.
“We are talking to small to medium businesses all over Canada and the U.S., and seeing that most of them do not have privacy officers, security policies or cyber awareness programs,” adds Laird Wilton, co-founder of Carbide. “This is leaving many businesses exposed to significant risks and potential fines. Carbide is here to help.”