Summary
As data breaches are costly, companies spend billions to prevent them. Nevertheless, security breaches are increasing over the years. In other words, current security testing is limited as this is based on snapshots, influenced by the human factor and slow.
Our intigriti platform represents a new approach to security testing: as opposed to the current manual ad-hoc testing, we are running a crowdsourced security platform where security researchers (ethical hackers) and companies wanting to prevent security breaches meet. We offer intigriti as a managed service where reports submitted by researchers are validated by use before they are forwarded to companies. On the demand-side, companies pay a monthly fee to display descriptions on what can be tested. When a report is valid, they pay a reward (bounty) to the researcher who submitted and we withhold a reward (bounty fee).
We founded intigriti in August 2016 and launched the first intigriti version (i.e. gritti) in March 2017. Within a few months, we generated revenues of €460,000 from companies headquartered in Belgium with a global presence. Several investors have already spotted us and invested almost one million euros together with the founder who owns the majority share of the company.
The total market for security testing is in the 10-digit range and our immediate target market is over €200 million. Our main competition are two US companies who we can keep at bay by being the first to market in Europe, which makes the SME instrument funding crucial for us.
With intigriti entering all of Europe, citizens will benefit from much better data security and a minimized risk of identity theft as the intigriti ethical hackers help European companies stay one step ahead of malicious outsiders. In other words, before any citizens can get exposed to risks, our intigriti researchers have already found the gap and the company has already fixed it.
Our intigriti platform represents a new approach to security testing: as opposed to the current manual ad-hoc testing, we are running a crowdsourced security platform where security researchers (ethical hackers) and companies wanting to prevent security breaches meet. We offer intigriti as a managed service where reports submitted by researchers are validated by use before they are forwarded to companies. On the demand-side, companies pay a monthly fee to display descriptions on what can be tested. When a report is valid, they pay a reward (bounty) to the researcher who submitted and we withhold a reward (bounty fee).
We founded intigriti in August 2016 and launched the first intigriti version (i.e. gritti) in March 2017. Within a few months, we generated revenues of €460,000 from companies headquartered in Belgium with a global presence. Several investors have already spotted us and invested almost one million euros together with the founder who owns the majority share of the company.
The total market for security testing is in the 10-digit range and our immediate target market is over €200 million. Our main competition are two US companies who we can keep at bay by being the first to market in Europe, which makes the SME instrument funding crucial for us.
With intigriti entering all of Europe, citizens will benefit from much better data security and a minimized risk of identity theft as the intigriti ethical hackers help European companies stay one step ahead of malicious outsiders. In other words, before any citizens can get exposed to risks, our intigriti researchers have already found the gap and the company has already fixed it.
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More information & hyperlinks
Web resources: | https://cordis.europa.eu/project/id/826549 |
Start date: | 01-10-2018 |
End date: | 31-03-2019 |
Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
Cordis data
Original description
As data breaches are costly, companies spend billions to prevent them. Nevertheless, security breaches are increasing over the years. In other words, current security testing is limited as this is based on snapshots, influenced by the human factor and slow.Our intigriti platform represents a new approach to security testing: as opposed to the current manual ad-hoc testing, we are running a crowdsourced security platform where security researchers (ethical hackers) and companies wanting to prevent security breaches meet. We offer intigriti as a managed service where reports submitted by researchers are validated by use before they are forwarded to companies. On the demand-side, companies pay a monthly fee to display descriptions on what can be tested. When a report is valid, they pay a reward (bounty) to the researcher who submitted and we withhold a reward (bounty fee).
We founded intigriti in August 2016 and launched the first intigriti version (i.e. gritti) in March 2017. Within a few months, we generated revenues of €460,000 from companies headquartered in Belgium with a global presence. Several investors have already spotted us and invested almost one million euros together with the founder who owns the majority share of the company.
The total market for security testing is in the 10-digit range and our immediate target market is over €200 million. Our main competition are two US companies who we can keep at bay by being the first to market in Europe, which makes the SME instrument funding crucial for us.
With intigriti entering all of Europe, citizens will benefit from much better data security and a minimized risk of identity theft as the intigriti ethical hackers help European companies stay one step ahead of malicious outsiders. In other words, before any citizens can get exposed to risks, our intigriti researchers have already found the gap and the company has already fixed it.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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