Cyber security company for the mortgage industry launches

Predatech has launched, a cyber security company with a focus on the mortgage industry, which promises to protect lenders, brokers and suppliers against the growing cyber threat.

Some 46% of businesses reporting having a cyber security breach or attack in the last 12 months, the government’s Cyber Security Breaches Survey 2020 found.

Predatech was founded by entrepreneur Michael Fotis, formerly the founder & chief executive of Smart Money People.

Jason Johnson, co-founder and lead penetration tester, said: “Most businesses in the mortgage sector already appreciate that the cyber security threat is growing.

“But keeping up with this fast-moving industry can be difficult, time-consuming and very costly. I’m excited to launch Predatech to help make it easier for businesses of all sizes to turn the tide on the growing cyber threat.

“We offer a quality and expert-led service that makes it easy for our clients to focus on what really matters when it comes to strengthening their cyber security.”

Michael Fotis, co-founder and chief commercial officer, said: “While running Smart Money People it became clear to me that SME businesses are particularly poorly served when it comes to affordable cyber security testing, and they’re no less vulnerable to attack.

“Predatech is passionate about working in partnership with our clients to help better protect their businesses.”

The company serves clients across the UK and is actively looking to hire additional cyber security professionals as it seeks to grow over the next 12 months.