Ramping Up Regtech
While the ‘reg’ component of regtech, remains fluid and active, the ‘tech’ side is evolving at light speed.
Accordingly, Kx continues to augment its foundational KDB+ platform, and to ensure that the business keeps breaking ground in machine learning and through other emerging tech solutions.
The firm has entered into new innovation-boosting partnerships with top academics, as well as young fintech businesses in the United Kingdom — a top regtech destination and global leader in the growing sector.
“There’s a lot of innovation in the fintech space in London, in particular in regtech” Corcoran concludes, “Kx is staying closely involved in that.”
“THERE’S A LOT OF INNOVATION IN THE FINTECH SPACE IN LONDON, IN PARTICULAR IN REGTECH. Kx IS STAYING CLOSELY INVOLVED IN THAT.”
Securing the Internet of Things
Along with the convenience and efficiency of the Internet of Things (IoT) — which is set to become a $267 billion market by 2020 — come huge risks. Home devices, which connect everything from toys to televisions, are vulnerable to cyber threats.
NCC is providing high-level IoT testing and support to a range of businesses. “In the last couple of years, we’ve started a full transportation assurance practice because we see so much work coming through that particular route,” says Vlissidis, citing the fast-expanding connectivity and related exposure of cars, rail networks and planes.
“More broadly the IoT is impacting a lot on companies now,” he says, explaining that integration of equipment into systems relatively unknown to stakeholders may add substantial cyber risk to their businesses.
The pioneering tech consultancy is accordingly applying its experience to the energy sector, namely smart meters. Weak spots in these networked devices could allow hackers to cut a home’s power or give them access to personal information, which might be used to commit fraud.
“We’re the largest provider of smart meter technology evaluation,” he says. As such, NCC reviews hardware and code, tests product security and advises on IoT design and architecture.
Building Cyber Resilience
Overall, the Cybersecurity 500 company offers a mix of managed network monitoring services along with crises response, from technical applications to public relations fallout.
Though the firm’s niche is commonly referred to as ‘cyber security,’ Vlissidis says the term ‘cyber resilience’ is more apropos.
He concludes, “Security tends to be about stopping an attack from happening, but resilience is all about coping if and when it does happen.”
“SECURITY TENDS TO BE ABOUT STOPPING AN ATTACK FROM HAPPENING, BUT RESILIENCE IS ALL ABOUT COPING IF AND WHEN IT DOES HAPPEN.”