March 26, 2024 at 12:48PM
London-based Think Cyber Security has secured £3 million in late seed funding led by Fuel Ventures, bringing its total funds raised to £3.6 million. The company’s product, Redflags, utilizes real-time nudges to encourage secure behavior among staff, aiming to mitigate both external and internal security risks. Co-founded in 2016 by Mike Butler and Tim Ward, the firm emphasizes the need for effective security training beyond awareness campaigns.
Based on the meeting notes, the key takeaways are as follows:
– Think Cyber Security, based in London, has secured £3 million in late seed funding, with a total of £3.6 million raised to date ($3.8 million and $4.5 million, respectively).
– The company’s product, Redflags, aims to reduce ‘bad’ behavior by staff through real-time nudges to promote secure behavior, supplementing traditional learning methods and technical controls.
– Former CISO Robert Coles emphasizes the limitations of phishing simulations and the effectiveness of tailored, real-time messages to influence behavior.
– The founders, Mike Butler (CTO) and Tim Ward (CEO), bring extensive experience from BAE Systems Applied Intelligence.
– Think Cyber’s focus on improving secure behavior aligns with the idea of addressing the ‘weakest link’ in security – a company’s staff.
These takeaways provide a clear understanding of the funding, product focus, expert endorsement, leadership, and company mission of Think Cyber Security.