LONDON – 10 May 2023 – Galaxkey has been recognised as one of the top 100 innovative CyberTech companies across the globe in the fourth annual CyberTech100 list. It joins an elite group of companies with a proven track record in safeguarding financial institutions against cyber threats.
The list, produced by data and research firm FinTech Global, highlights companies that are improving the cyber defences of financial institutions.
The CyberTech sector is a rapidly growing industry, predicted to grow from $172.3bn to $424.9bn between 2023 and 2030, with a CAGR of 13.8%. The 100 firms featured in this year’s CyberTech100 were chosen from a long list of over 1,000 firms, based on their innovative use of technology to solve significant industry problems, generate cost savings or efficiency improvements across the security value chain.
Galaxkey was selected due to its innovative solutions that provide companies with the opportunity to be well-protected against the cyber threats of today and tomorrow.
Richard Sachar, director of FinTech Global, said: “As challenges such as ransomware, phishing and data breaches still plague financial institutions, there has never been a more important time for businesses to use CyberTech solutions. This year’s CyberTech100 list arms companies with the necessary information to find the industry change-makers who are providing companies with the opportunity to be well protected against these threats.”
Galaxkey CEO, Randhir Shinde, expressed his delight at the recognition, saying: “Being named in the CyberTech100 list for 2023 is a great honour, and we are proud to be included among such an elite group of companies. Our innovative solutions are designed to protect businesses from the ever-increasing cyber threats, and we are thrilled to see our hard work being acknowledged in this way.”
The full list of the CyberTech100 companies and detailed information about each is available for download at www.CyberTech100.com.