SENGUARD UK, the UK's first cybersecurity subscription service specifically designed to protect adults aged 50 and over, has successfully raised $101K in its latest funding round. This investment will support the company's mission to safeguard a vulnerable demographic from sophisticated online threats. SENGUARD UK offers a proprietary threat index that provides pre-emptive protection against malicious websites, downloads, and online scams through a simple monthly subscription, requiring no technical expertise from its users.
The company addresses a significant and growing challenge, as cybercrime disproportionately affects older adults. Statistics indicate that a person over 65 falls victim to cybercrime every 40 seconds, with average losses approaching £10,000 per incident. The Bank of England has identified this issue as a major threat to the UK economy. SENGUARD UK aims to combat the widespread problem where 95% of victims suffer in silence due to shame or fear of losing independence.
The newly secured capital will be allocated towards accelerating SENGUARD UK's growth initiatives and enhancing its operational infrastructure. This funding is crucial as the company prepares for its planned expansion. SENGUARD UK currently partners with financial institutions, charities, and organisations with duty of care responsibilities to deploy its protective technology at scale. The company has received recognition through active pilots and support from entities such as the Fraud & Cyber Hub, Erskine Veterans Charity, AgeSpace, and UK police forces, and was selected for the Financial Regulation Innovation Lab, and named Scottish EDGE Winners.
Looking ahead, SENGUARD UK is focused on its upcoming UK-wide launch, scheduled for Q4 2025. The company aims to expand its reach and impact, fulfilling its mission to protect vulnerable customers from sophisticated cyber threats across the nation.
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