New jobs have been created after a cyber security business expanded from its Yorkshire heartland to launch a base on Tyneside.
Leeds-based Precursor announced a significant investment into a new secure operations centre in Newcastle, where 10 initial jobs have been created and potentially more to follow. The company, formed in 2018, provides solutions to help businesses stay secure, including a secure operation centre with a 24-hour managed defence and response service, compliance services, incident response and penetration testing, through which the firm’s security experts test companies’ susceptibility and resistance to cyber attacks.
Now Precursor has launched an office in Portland House, where a team will operate its 24/7 cyber security monitoring service to monitor, protect, and respond on behalf of North East businesses concerned about cyber security.
Scott Cardow, the firm’s CEO, said: “Businesses are exposed to this global cyber threat around the clock and now recognise the need for 24/7 proactive cyber protection and support. Boards are spending more time and money on protecting their valuable assets, as they understand the cost and risk associated with getting this area wrong. We are investing in a facility dedicated to protecting customers from these new and ever-changing threats and have deployed the very latest tools to help deliver the service.”
Precursor has invested £500,000 into the new base, which comes on the back of growing demand for its services. The privately owned company expects to have a team of 30 employees by the end of the year.
The company also announced the appointment of well known local tech investor Neil Stephenson to the board as chairman to help guide the business through the next phase of growth.
Mr Stephenson said: “The global market for Security Operations Centres services is growing at over 12% annually, and is worth £6bn in 2021 with expectations to double by 2027. This growth is being fuelled by businesses needing to monitor, prevent, detect and respond to cyber threats around the clock. The cost of cyber incidents is rising too with average losses of £3,000 and cases rising in the UK to 2.3m per year. The insurance market is struggling to keep pace with this increase with less than half of businesses having a cyber policy.
“I’m delighted to be working with Scott and his team at Precursor, who are building a very exciting business in a very big global market. Precursor’s expansion to Newcastle brings more high quality jobs to our region and helps the local economy to build further on its technology expertise and reputation.”
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
