CovertSwarm
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CovertSwarm
Additional Info
| Website | https://www.covertswarm.com/ |
| Company size (employees) | 10 to 49 |
| Headquarters Region | Europe |
Overview
“We’re our clients’ worst nightmare, but we’re on their side,” Anders Reeves, CEO of CovertSwarm.
CovertSwarm is a global ethical hacker and red team cyber security solution provider that has been radically redefining how enterprise security risks are discovered.
Since 2020, the business has existed to continually outpace the cyber threats faced by organisations in the modern world. As a result of its rapid growth, CovertSwarm became the youngest company to join Beech Tree Private Equity’s investment portfolio in 2023, having been trading for just over two years.
The business’ mission is simple: to constantly compromise businesses and highlight weaknesses well before the ‘bad actors’ do by using every possible weapon in the hacker’s arsenal and taking penetration testing right to the edge of simulating real-world threats.
One of the most innovative ways it is doing so is through the global rollout of its CovertSwarm Portal – for free.
The CovertSwarm Portal is a centralised and unified SaaS portal that seamlessly manages every aspect of an organisation’s offensive security programme, with both free and premium-level insights. It is designed to bridge the gap between Attack Surface Management products, SaaS-identified vulnerabilities, and the ability to validate and explore risks via CovertSwarm’s in-house red team.
With just a simple ‘one-click’ submission, businesses can request CovertSwarm ethical hacker testing and targeted red team attacks, streamlining the cyber risk lifecycle and enhancing security measures.
In the three years the business has been in operation, it has also launched its own Academy Programme which has been built to provide a clear pathway for individuals from any background to pursue a career in cybersecurity. The programme offers specialised training in core areas, equipping participants with the technical skills and mindset needed to become ethical hackers.
How we are different
- Before founding CovertSwarm, Anders Reeves (CEO) had worked in multiple global enterprises and operated as an MSSP that serviced hundreds of SMEs. While doing so, he recognised that all of those businesses were deploying the same tactics to prove they were secure against cyber attacks. That included running point-in-time and ad hoc security testing - primarily through pen testing and red teaming - yet they all continued to suffer cyber breaches. It was a clear thesis that they were using to prove security was no longer fit for purpose. As a result, CovertSwarm was built to provide a service that would radically redefine how enterprise security risks are discovered, with the business existing to continually outpace the cyber threats faced by organisations in the modern world.
- Because of who CovertSwarm are and what we do, we're unable to talk about brands even behind closed doors without NDA and then client approval. However, we can say that the fact that the organisation contracts with one of the top five global health insurers and one of the top ten largest American brands is indicative of the direction it is taking. The company was able to achieve those things with 15 months of trading behind it and just reputation, which again was how the company was born and initially scaled and won its first clients and people. There are significant pounds and dollars in every hundred of the British and US economies that are now influenced or affected by services that CovertSwarm protects.
- In the last financial year, CovertSwarm achieved a growth of 120% and the performance itself was stunning for very little marketing expenditure, with that growth underpinned by happy clients either extending contracts for three years or referring the business to new clients that that signed up immediately.
