News from INVL Technology managed companies: NRD Cyber Security net profit increased by 49% in H1 of 2023
31 Agosto 2023 - 1:00AM
News from INVL Technology managed companies: NRD Cyber Security net
profit increased by 49% in H1 of 2023
In the first half of this year, NRD Cyber
Security, a company that offers cybersecurity solutions,
consulting, and other services, earned EUR 321,000 net profit, 49%
more than during the same period in 2022. Company's income in H1 of
2023 reached EUR 2,752, 14% more than in the first half 2022. Also,
the share of income from the financial sector grew significantly -
compared to the same period in 2022, it grew by 121% this year.
The first half of the year was notable for NRD
Cyber Security, because with its managed security service
CyberSOC, the organisation has started providing round-the-clock
network monitoring. It is the first organisation in Lithuania to
offer continuous threat monitoring by competent analysts rather
than automated tools. Also, in the first half of 2023, the overall
number of managed security service CyberSOC customers grew, with
some of them choosing the 24/7 service option.
The organisation not only expanded its clientele
in Lithuania, but also in new markets: Albania, Kyrgyzstan, Saudi
Arabia, Uzbekistan, and through World Bank projects in Armenia,
Mongolia, São Tomé and Príncipe, and Tajikistan. Most projects
addressed strengthening cybersecurity capabilities as well as
creating and modernising cybersecurity teams (CSIRTs). A
particularly important project was carried out together with the UK
government's Foreign, Commonwealth and Development Office (FCDO)
and Geneva Centre for Security Sector Governance (DCAF). As a
result, a design for the CSIRT of the Kosovo energy sector was
created. Also, Natrix and CyberSet, the cyber resilience tools
developed by NRD Cyber Security, continue to be successfully
deployed globally - in the first half of 2023, these solutions were
installed in Malta and have been helping to protect critical
information infrastructure.
NRD Cyber Security has organised events and
carried out other initiatives that strengthen the cyber resilience
for countries and organisations in Lithuania and abroad. These are:
international webinars for security teams on strengthening
operations; educational articles and reports on how organisations
can improve their cybersecurity maturity; and others.
The second half of this year has started equally
busy. A large-scale complex project with The European Union Agency
for Cybersecurity (ENISA) has been launched, which aims to
strengthen the cyber resilience of EU countries. NRD Cyber
Security assesses risks and checks the cybersecurity readiness
level of the Lithuanian public sector organisations. Also, NRD
Cyber Security team is planning to use Zero Trust method in
creating and developing the national cybersecurity principles
whilst working on a project in Mongolia. The SOCshare project is
also underway, which, by creating tools for sharing cyber threats,
aims to raise the maturity of SOCs operating in the EU.
About NRD Cyber Security
NRD Cyber Security offers cybersecurity
solutions, consulting, and other services. The company creates a
secure digital environment for countries, governments, and
organisations and implements cybersecurity resilience enhancement
projects around the world. Its experts have extensive
experience in cybersecurity incident management, auditing, security
operations centres and other services. NRD Cyber Security has
developed cybersecurity technology solutions which have been
successfully deployed in various countries around the world. Its
employees are members of international cybersecurity organisations
and have developed international good practices in incident
response. INVL Technology, an investment company in IT businesses
that is listed on Nasdaq Vilnius, manages NRD Cyber Security.
The person authorized to provide additional information:INVL
Technology Managing PartnerKazimieras
TonkūnasE-mail k.tonkunas@invltechnology.lt
- NRD Cyber Security results for H1 2023
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