US-headquartered Centripetal, a global leader in intelligence powered cyber security, has created 50 jobs by opening a European Cyber Intelligence Centre of Excellence in Galway to address cyber security opportunities in the UK, Ireland and Europe.
It comes as new figures show the cyber security market in Ireland, north and south, is thriving, and is currently valued at €280 million (about £225 million).
And with economic crime and fraud on the rise in recent years, cyber crime is extremely disruptive in how it impacts the business community.
Grant Thornton Ireland reports that the cost of cyber crime in Ireland exceeded €9.6 billion in 2020.
With the opening of its European Cyber Intelligence Centre of Excellence, Centripetal will bring its innovative, patented technologies to the European market to protect organisations from every known cyber threat.
The centre will serve as the central hub where new and existing customers can work with Centripetal to gain insight on the current European and global threat landscape and how they might be affected.
Customers will have access to Centripetal’s global cyber intelligence operations analyst team, who continuously analyse emerging threats, highlighting critical risks and applying global threat intelligence.
“Centripetal is the only cyber security vendor that delivers intelligence powered protection that neutralises every known cyber attack at the network level while simultaneously driving down the cost of security operations,” the company's chief operating officer Jonathan Rogers said.
“Our innovative technology is an industry first and we’re thrilled to be partnering with the IDA to bring our solution to Ireland and the UK to not only provide unparalleled protection for our customers but also valuable employment opportunities for the country.”
