Case Study
Crowdcube - Managed Security Service Provider
Leading equity crowdfunding platform chooses bespoke security-first MSSP service from CybaVerse.
The Client
Crowdcube
Crowdcube is a leading equity crowdfunding platform for investing in high-growth opportunities across Europe. Crowdcube help entrepreneurs of start-ups and growing businesses to connect with potential investors.
Dedicated to helping UK-based entrepreneurs raise finance to start or grow their business, Crowdcube gives investors real equity in the companies they fund. Crowdcube uses the web-based notion of ‘crowdfunding’ where a community of like minded people pool their money and knowledge together to back an idea, business or person.
Overview
Selecting a provider
As a crowdfunding platform, cyber security is essential for Crowdcube as they handle customers personal data, shares and investment information. As with other FinTech organisations, Crowdcube is undergoing a period of rapid growth, and were looking to mature their cyber security posture using a risk-based approach.
"Cybaverse was introduced by a trusted person in my network. We went through a selection process involving 3 suppliers and decided on Cybaverse due to a good alignment in our company cultures and approached.
Cybaverse were able to provide all the services we required and the support we required to mature our internal capability."
- David Halsey, CTO, Crowdcube
Online crowd funding platform.
Client base across Europe.
Personal financial information.
Efficiency and Support
Working with CybaVerse
"In our first 12 months with CybaVerse, Crowdcube achieved everything we had set out in our security plan for the year. This including appropriate certification, training, 24/7 SOC, vulnerability assessments and pen testing. This service is critical for us as we do not have the resources to provide 24/7 cover and it is more cost effective for us to outsource this service than provide it in-house.
SOC response times have been as agreed (or better). We also ask the SOC team for adhoc advice on security changes we are making and seek out their opinion on security matters.
We now have a cyber security posture that is appropriate for our business size and activities. This has helped give confidence across the company and at Board level."
- David Halsey, CTO, Crowdcube
