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FARE INSIEME STARTUP - Ep. 8 - Muscope, those cybersecurity superheroes in the field against fraud

«Every day we face new challenges»

5/2/2024

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It was established in December 2021 by four professionals and enthusiasts of the cyber world. The offices are in Milan, but the company operates throughout Europe. Giampaolo Colletti interviews Bruno Cordioli, co-founder of Muscope for FARE INSIEME STARTUP

FARE INSIEME STARTUP is the spin-off of the FARE INSIEME project dedicated to presenting some businesses that form part of the Primo Ventures portfolio, a company that manages funds specialising in the digital sector and new space economy. Confindustria Emilia has started up a partnership with Primo Ventures with the objective of providing its associates with new opportunities for growth thanks to the presentation of the most innovative start-ups on the market. Here are some of their stories.

by Giampaolo Colletti
@gpcolletti

After all, they are superheroes. Because today, to protect ourselves from the risks that infest our web browsing - and those of companies - we need superpowers, which then translate into advanced technologies and in excellent human capital. Hi-tech products and hi-tech people. Perhaps this is the winning mix, or at least that's what they think at Muscope, a start-up specialising in cybersecurity born between 2021 and 2022. It all starts with four partners with over twenty years of experience in the field of online security and network infrastructures. «The intuition arose from a real case linked to the insurance market: the company in question needed to analyse the cybersecurity of companies before taking out the policy for them. This gave us the spark, compared to the work we have done for twenty years, which is essentially analysing and protecting companies from an IT security point of view, creating a fast and intuitive service that allows us to see which risks companies are exposed to.» Bruno Cordioli, one of the co-founders, tells us about it. Here the vulnerabilities of companies are analysed to understand where the problems lie through data and information. We are based in Milan and six employees work here working for the B2B market. «Compared to the global market, the Italian one is strongly linked to medium and small businesses and is of particular interest for cyber criminals. All this, together with the lack of perception of the problem, creates a perfect attack scenario. Our solution was designed for large companies, but is also perfectly adaptable to small and medium-sized businesses. We are currently focused on the Italian market, even if more than half of our turnover already comes from other European countries», says Cordioli.       

People and technologies. Everything starts with technology. Of course, then there are the people who think about it, optimise it, test it,and measure it. But technology is the distinctive element. In this start-up it takes the name of Muscope|Risk and is a risk analysis platform, designed and created entirely by the professionals who work in this field. The platform carries out an in-depth assessment of any company, from the point of view of a cyber criminal. It integrates attack perimeter analysis tools, also offering a ranking from 0 to 100 that measures a company's security posture. And then, among the many features, there is the calculation of monetary risk: an estimate of the costs that a company could sustain in the event of a cyber attack. «Compared to other technological solutions, ours seeks to stand out for the ease of reading data even by non-technical people, such as CEOs and financial managers. Another fundamental and distinctive element is the speed with which the platform provides the analysis, never exceeding twenty minutes. The repetitive nature of the same analysis several times a month, in a completely automatic manner, simplifies everything», specifies Cordioli. In short, cybersecurity is no longer just a technical issue, but a business issue. The problem of Italy and Europe, in terms of cybersecurity, is that the solutions available are limited, and awareness must be increased. They repeat it like a mantra in Muscope. «The problem of cybersecurity is currently immense and to solve it a single entity is not enough, but a collaboration of multiple actors, Italian and European, is needed. Our solution, for example, is used by other security companies to monitor the security of the client as a whole. We ourselves recommend solutions from other partners to our customers. The sense of community in the cybersecurity field is fundamental to be able to fight against cyber criminals, and thus far in Italy and Europe there is still a lot of work to be done in this respect.» Bruno Cordioli says it bluntly. Cyber risk for a company is the combination between the probability of a cyber incident occurring and the extent of the potential financial and reputational impact on the organisation. We no longer need to think about whether we will be attacked, but when we will be attacked. «Cyber criminals are now real structured companies that do business. The risks for companies are multiple: from data loss, to production downtime, from loss of credibility, to economic sanctions.» Awareness is the key word. And then there is that ability to smell danger. Just like superheroes do. So says Cordioli. «We must have the sensitivity as a team to enter a little into the minds of criminals and be able to anticipate their actions, through our intuition, technology and services. Every day we face new challenges.»

https://podcast.confindustriaemilia.it/

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