Mitigate secures £65k funding for research and development

Towards the end of 2013 we secured £65,000 towards research and development which we will use to fund projects, developing cutting edge technology to help protect businesses from the threat of cybercrime.

The funding has been provided by private investors and Bolton Business Ventures and will be used to expand the business, including the development of our incident response service and training arm, as well as establishing new premises and employing specialists to respond to the growing need of businesses.

With cyber security breaches costing the UK economy £27 billion a year, Mitigate plans to use the funding to set up a dedicated Cyber Advisory Service (CAS) in conjunction with Security Lancaster at Lancaster University which is one of eleven  cyber security centres of excellence in the UK. CAS is set to go live in early 2014 and a team of experts will offer SMEs advice on what to do in the event of a cyber attack as well as the measures to adopt to prevent against attacks.

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