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BlackStratus, headquartered in Piscataway, N.J., opened its CYBERshark office in mid-April at 9 W. Broad St. The company's CEO Dale Cline said the top flight security systems that large companies have will now be available to smaller and mid-size companies through its CYBERshark product.
"Whether it's a country's critical infrastructure whether it is a Fortune 500 or your local accountant or family physician's officer we're all vulnerable to cyber security attacks," Cline said. "Our technology allows organizations to identify, stop and remediate cyber attacks in real time."
He made the comments at the official opening of CYBERshark. Those in attendance included Gov. Dannel P. Malloy; state Reps. William Tong, D-147th District, and Livvy Floren, R-149th District; Mayor David Martin and Catherine Smith, Commissioner of the state Department of Economic and Community Development.
Cline said the average cost per breach for a smaller-size business is $500,000, and 80 percent of businesses hit by cyberattacks fail within in 18 months. He said his company has offered this protection to large companies and governments throughout the world. Now, with CYBERshark, that service is available to smaller and mid-size companies, he said.
Malloy praised the company for opening in the state and said it's the type of jobs that the state wants to continue to attract.
"This is exactly the kind offering, the kind of company that we think Connecticut has a real future with," Malloy said. Since he took the state's helm five and a half years ago, the state has provided financial support to more than 3,000 companies compared with 200 companies in the previous six years under his Republican predecessors, Malloy said.
Martin said the company is the latest technology-oriented company to reside in the city and county.
"It is surprising the number of high-tech companies we are hiding in Fairfield County and in particular Stamford," Martin said.
The company currently has 23 employees at its 5,200-square-foot office in downtown Stamford and plans on increasing that to 80, company officials said. A $5.5 million grant from DECD helped the company expand to Stamford.
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