Quorum Cyber Sets Sights on North America -- Security Today

Quorum Cyber Sets Sights on North America

Apr 25, 2023

Quorum Cyber Sets Sights on North America
UK-based cybersecurity firm Quorum Cyber has announced its intention to focus on the North American market after achieving impressive year-over-year growth. The company was founded in 2016 and has grown organically to approximately 200 employees, serving over 150 customers across four continents. Quorum Cyber will debut into the U.S. market, showing its solutions at the RSA Conference April 26, in San Francisco.

Quorum Cyber aims to take organizations on a cybersecurity risk reduction journey to consistently reduce attack surfaces while proving a return on their investment. The company’s security solutions have proven tangible benefits, including a 75 percent decrease in total alerts, an under 2-minute response time for Priority 1 alerts, and a 94 percent reduction in the burden on cybersecurity teams to research and process hundreds of alerts per day.

“We are thrilled to expand our focus to the North American market after experiencing significant growth in other countries,” said Federico Charosky, founder and CEO of Quorum Cyber. “Leveraging our U.S.-based team, I am confident Quorum Cyber will deliver notable value to our North American prospects in the same manner we secure our existing customers in Europe, Australia, South Korea, the Middle East, and beyond.”

Impressive Year-Over-Year Growth
Quorum Cyber achieved year-over-year revenue growth of 95 percent from FY21 to FY22. The company’s notable revenue increase is partly attributed to its new or enhanced cyber security offerings, such as Managed Extended Detection & Response (XDR), Microsoft Sentinel Managed Detection & Response (MDR) service, recognition as a Microsoft-verified MXDR solution provider, and professional services offerings.

From December 2021 to December 2022, the company increased its customer base by approximately 70 percent to over 150, with a diversified base of public, private, and non-profit organizations throughout local and regional government, higher education, housing, legal, oil & gas, energy, construction, engineering and retail segments.

Featured

AI Used as Part of Sophisticated Espionage Campaign

A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now
- Artificial Intelligence
Why the Future of Video Security Is Happening Outside the Cloud

For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now
- Video Surveillance
UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now
- Guard Services
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

Compact IP Video Intercom

Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.
QCS7230 System-on-Chip (SoC)

The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.
Camden CV-7600 High Security Card Readers

Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.