Investors

Why Invest with Red Piranha?

Cybersecurity remains a growing concern for organisations as cybercriminals have become bolder and more persistent. The stakes are getting even higher when considering the complex threat landscape, as cybercriminals employ advanced techniques and tools using AI, ML, and automation to get around security controls and execute attacks that stay under the radar for days, sometimes months.

In 2023, the average cost of a data breach reached an all-time high of USD 4.45 million. It was a 2.3% increase from the 2022 cost of USD 4.35 million. The average cost has increased 15.3% from USD 3.86 million in 2020.* As organisations are under constant pressure to become cyber resilient, more and more organisations have pushed cybersecurity to the forefront of their overall business strategy.

The global cybersecurity market size is expected to grow to 538.3 billion US dollars by 2030.**

While most cybercriminals attack organisations for financial gains, some covet valuable user and client information. No matter what the reason, all attacks result in disrupting the organisation's day-to-day operations, causing reputational damage.

75% of cybersecurity professionals view the current threat landscape as the most challenging it has been in the past five years, and only 52% believe that their organisation has the tools and people needed to respond to cyber incidents over the next two to three years.***

In light of this, organisations must assess their security efforts and further strengthen them. Data breaches can leave directors and officers of the organisations attacked vulnerable to civil suits (including possible class actions) for violations of privacy legislation, corporate regulation or claims of misleading/ deceptive conduct (for not adhering to the company’s privacy policy, especially in respect of IT security). D&O Insurance does not cover cyber incidents and the liability of directors personally. 

Red Piranha aims to provide an all-encompassing security solution for individuals, families and small to medium enterprises as well as offer custom solutions for larger enterprise environments. Through the company’s range of managed information security services, the company can provide a cost-effective framework to provide its clients with real-time protection which aims to provide cover across a growing number of attack surfaces which are vulnerable in the current IT security market. 

We are an official member of Team Defence Australia. Our Crystal Eye appliances are Australian Made and we are passionate about building sovereign capability in Australia. We are also a member of the Cyber Threat Alliance and are one of its top contributors, offering industry-leading threat intelligence.

Multi-award Winning and Recognised Protection for your Business

We encourage you to read about the Crystal Eye and see for yourself how strong and capable technology is and how well-positioned it is to provide a unique solution to a pressing problem within enterprises and MSPs around the globe.

Want to know more? Get in touch or reach us at +61 (8) 6365 0450

* Cost of a Data Breach Report, Ponemon Institute, 2023
** Statista
*** ISC2 Cybersecurity Workforce Study 2023