We have grown during the H1 of 2023

Key facts and figures

In the first half of this year, we have earned €321,000 net profit, 49% more than during the same period in 2022. Company’s income in H1 of 2023 reached €2,752, 14% more than in the first half 2022. Also, the share of income from the financial sector increased significantly – compared to the same period in 2022, it grew by 121% this year.

The first half of the year was notable for us, because with our managed security service CyberSOC, we have started providing round-the-clock network monitoring. We are 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.

New customers in Lithuania and other countries including:

Albania

Kyrgyzstan

Saudi Arabia

Uzbekistan

Armenia (through World Bank projects)

Mongolia (through World Bank projects)

São Tomé and Príncipe (through World Bank projects)

Tajikistan (through World Bank projects)

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 our R&D team, 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 (CII).

Here is a snippet from a successful completion of Natrix and CyberSet deployment in CSIRTMalta:

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. Our experts assess risks and checks the cybersecurity readiness level of the Lithuanian public sector organisations. Also, our 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.