Discover 5 Top Cybersecurity Startups impacting the Retail Industry

Curious about new technological advancements in the retail industry? Explore our analysis of 82 global startups & scaleups and learn how their cybersecurity solutions impact your retail business!

Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the retail industry. This time, you get to discover five hand-picked cybersecurity startups for retail.

Out of 82, the Global Startup Heat Map highlights 5 Top Cybersecurity Startups impacting the Retail Industry

The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.

The Global Startup Heat Map below reveals the distribution of the 82 exemplary startups & scaleups we analyzed for this research. Further, it highlights five retail startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 77 cybersecurity startups for retail, get in touch with us.

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GoldSky Security builds a Cybersecurity Management System

Founding Year: 2016
Location: Orlando, US
Partner with GoldSky Cyber Security for Cyber Risk Assessment

US-based startup GoldSky Security develops DREAMSecure, a cyber risk management system for small- and medium-sized businesses. Its cybersecurity solution offers risk assessment through prioritization of compliance and data security as well as remediation of security gaps. Thus, DREAMSecure protects retailers from distributed denial of service (DDoS) attacks, malware, ransomware, and phishing attacks.

Hanko.io enables Passwordless Authentication

Founding Year: 2018
Location: Kiel, Germany
Collaborate with Hanko.io for Financial Fraud Prevention

German startup Hanko.io develops a biometric login and delegated authentication solution for eCommerce checkouts. It is a password-free identity-as-a-service (IDaaS) for web and mobile apps that allows retailers to onboard, authenticate, and manage users. Moreover, the solution is compliant with Mastercard Identity Check Express and VISA Delegated Authentication programs and supports multiple biometric multi-factor authentication methods. Unlike traditional cybersecurity solutions, Hanko’s fully merchant-controlled and PSD2-compliant authentication increases the speed and security of the checkout process while increasing customer satisfaction.

Preciate develops a Customer Recognition Software

Founding Year: 2018
Location: Holon, Israel
Use Preciate for Contactless Payments

Israeli startup Preciate builds a proprietary customer recognition software that uses facial recognition. It uses cloud computing to process facial recognition data, eliminating the need for physical hardware, to verify a person in less than a second with high accuracy. Moreover, as soon as the registration process is complete, the system deletes the person’s information from the database, leaving behind only a mathematical vector of the user’s facial data. This enables retailers to safeguard customer-specific sensitive information and prevent the use of forged documents.

Ominaya enables Fraud Prevention

Founding Year: 2018
Location: Bangalore, India
Innovate with Ominaya for Payment Card Switching

Indian startup Ominaya provides o-ZIMMA, a blockchain-based fraud prevention software. The startup’s patented and readily deployable fraud prevention feature has no negative impact on existing organizational security or regulatory compliance. It prevents fraud across multiple channels such as cards, UPI, the internet, mobile wallet, and more. Ominaya’s BIMBA serves as a customized cybersecurity solution for the retail industry by protecting the multitude of devices generating both financial and non-financial data and the networks transmitting them.

PayShield designs a Chargeback Protection Software

Founding Year: 2020
Location: Ascot, Australia
Reach out to Payshield for Revenue Protection

Australian startup PayShield makes an AI-powered chargeback protection software. It protects revenue through smart fraud scoring that checks over 16 000 data points along with a proprietary descriptor search tool to identify unrecognized descriptors on credit cards. It also streamlines and automates dispute and chargeback management, blocks fraud, and prevents losses without affecting conversions from genuine customers. Additionally, it uses 3D Secure protocols to authenticate cardholder identity and ensure PSD2 compliance. PayShield’s automation of fraud review processes enables eCommerce retailers to reduce overheads associated with disputes and chargebacks.

Discover more Retail Startups

Retail startups such as the examples highlighted in this report focus on contactless payment, customer recognition software, passwordless authentication as well as revenue protection. While all of these technologies play a major role in advancing the retail industry, they only represent the tip of the iceberg. To explore retail technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free Retail Innovation Report to save your time and improve strategic decision-making.

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