Q3 List Highlights Private Companies With Tremendous Industry Momentum; ID Experts Selected for Cyber Risk Mitigation and Data Breach Resolution
PORTLAND, Ore.— October 11, 2016 — ID Experts, a leading provider of software and services for cyber breach and identity fraud protection, today announced that it was ranked by Momentum Partners in the top ten private cybersecurity companies to watch in Q3 2016. Each quarter, Momentum Partners, a boutique cybersecurity-focused advisory investment bank, ranks companies with great momentum and investment potential. The complete Q3 list can be viewed here.
“We have assessed ID Experts to be a company to watch, with notable funding and backers, trusted partners for data breach and identity protection, and an innovative suite of software and services to address the expanding cyber threat and data breach landscape,” said Eric McAlpine, Founder & Managing Partner of Momentum Partners.
In August 2016, ID Experts announced that it had raised a $27.5 million round of equity funding. ID Experts continues to innovate its suite of SaaS-based technologies that address the complex cybersecurity and breach risks faced by healthcare, retail, education, and government organizations, their customers and employees, as well as individual consumers.
Cyber Threats Result in Surge of Data Breaches
The increase in cyber threats has resulted in a surge in data breaches, exposing millions of individuals and their sensitive information. Ransomware is quickly becoming the latest cyber-attack epidemic, with an average of 4,000 attacks per day, according to Symantec. With 89 percent of all cyber attacks involving financial or espionage motivations, according to the 2016 Verizon Data Breach Investigations Report, companies need help. Companies and organizations in healthcare, government, retail, and education turn to ID Experts for breach response solutions to mitigate risk from cyber and other threats.
“Validation from Momentum Partners reinforces the growing demand for technology and services that mitigate the risk of cyber breaches and resulting identity fraud,” said Bob Gregg, CEO of ID Experts.
About ID Experts
At ID Experts, we protect millions of consumers with our identity protection software and services and have a 100 percent success record for identity recovery. We are trusted by thousands of organizations to manage cyber and other risks with our data breach response services and are the largest provider of identity protection products to the federal government. We serve customers in healthcare, government, insurance, financial services, and higher education. ID Experts actively contributes to the cyber risk community through organizations including NHCAA, HCCA, MIFA, and IAPP. Visit www2.idexpertscorp.com for more information.
Kelly Stremel or Lisa MacKenzie
MacKenzie Marketing Group