Amid Wave of Constant Data Breaches, Lucideus Brings SAFE Me App for Protection
In view of the growing cyber threats, Lucideus, an IIT Bombay-incubated and Palo Alto, California-headquartered start-up, launched a mobile application to enable its users to identify their cyber risk score on a zero-to-five scale. The SAFE Me app has been designed to help the consumers re-engineer their cyber consciousness.
Lucideus’ CEO, Saket Modi, claims that the SAFE Me app is meant to empower consumers to monitor and understand the impending cyber risk across all the digital platforms, in real-time.
To suit a diverse range of consumer and business-level cybersecurity needs, the SAFE Me application is available on both the Google Play Store and the iOS App Store in three versions – Basic, Enterprise and Platinum. Lucideus claims that several global entities are already using the enterprise and platinum versions of the application. So far, 20,000 downloads have been recorded across both the platforms.
Clearly, the cyber threats have doubled amid the COVID-19 pandemic. The work-from-home model brought to contain the COVID spread paved the way for more data breaches.
NASSCOM warned that cyberattacks in India are becoming more common. Indian companies witnessed an average $2 Mn total cost of data breach in 2020, which is an increase of 9.4 percent from 2019. Another report by a California-based security firm stated around 66 percent of the Indian companies have undergone data breach since March.
While competing to gain capital, the Indian startups remain exposed to the data breach. Apparently, user data security becomes the least of their concerns. The IBM Security report clearly states that consumer negligence have resulted in 63 percent of corporate insider threats. SAFE Me app has been introduced to overcome similar challenges in the future. It’d help the users in knowing about their device’s security, its exposure on the dark web and bring cybersecurity awareness and measures too.
SAFE Me relies on AI and machine learning to provide every individual with a cyber risk, especially on the digital platforms, such as Google, Twitter or Facebook. Lucideus’ app has no direct competition in the market as of now.
Since its inception in 2012, Lucideus has offered information security services and platforms to several companies, helping them monitor cyber threats in real-time. Today, it competes with Aristi Labs, WiJungle and Securden in the cybersecurity space.
SAFE Me app is a part of Lucideus’s Cyber Risk Quantification (CRQ) technique!