A new cybersecurity startup called Cytactic has emerged onto the scene with the promise of revolutionizing crisis readiness, response, and recovery for organizations. This comes at a time when businesses are increasingly focusing on resiliency in the face of cyberattacks, aiming to not only withstand ongoing threats but also to quickly bounce back from any incidents.
The core issue that many organizations face in responding to and recovering from cyber incidents is poor communication among stakeholders. It often takes precious time to determine who needs to be updated on the situation and what level of detail is necessary. Additionally, there can be delays as stakeholders deliberate on the next steps to take and how to proceed in the midst of an attack.
Cytactic seeks to address these communication challenges by offering a software-as-a-service (SaaS) platform that streamlines the entire crisis management process. The platform is designed to provide security teams with a simplified, step-by-step approach that involves all relevant stakeholders. Moreover, recognizing that different businesses have varying response strategies and risk landscapes, Cytactic offers a range of customizable business profiles within its platform.
While specific details about how Cytactic’s platform integrates different crisis management activities and supports organizations in their incident-response planning are still scarce, the company’s overarching goal is clear: to make it easier for organizations to share vital information with stakeholders and expedite decision-making processes during a cyber incident. This streamlined approach aligns with insights from research firm Gartner, which highlights the importance of synchronized readiness and management in enhancing incident response outcomes.
According to a Gartner report, organizations that prioritize incident response planning and engage third-party contingency plans can significantly boost their cyber risk management effectiveness. In fact, the report indicates that conducting formal third-party contingency planning can increase effectiveness by 43%.
Cytactic made its official debut on July 10 with the announcement of a $16 million seed funding round led by Evolution Equity Partners. The startup’s founder, Nimrod Kozlovski, brings a wealth of experience to the table as a former venture capitalist. This significant investment in Cytactic underscores the growing importance of crisis management solutions in today’s rapidly evolving cybersecurity landscape.
As organizations continue to grapple with the escalating threat of cyberattacks, innovative solutions like Cytactic’s platform are poised to play a crucial role in enhancing resiliency and strengthening incident response capabilities. By facilitating smoother communication, quicker decision-making, and comprehensive crisis management strategies, Cytactic is well-positioned to help organizations navigate the complex challenges of the digital age.