The global automated compliance platform, Naq Cyber, makes compliance, security, and due diligence accessible to small businesses in highly regulated sectors and has seen a surge in demand for its solution in the first half of 2023, especially across the medical industry as increasing cyber-attacks have caused a rise in patient data being stolen.
This increased risk has led to an increased demand for additional compliance measures from the NHS, hospitals, and pharmaceutical companies to ensure their suppliers meet legal and regulatory compliance requirements such as health information security and clinical risk standards.
Many firms in this industry are utilising Naq Cyber’s automated compliance service as the platform specialises in highly regulated sectors and offers a ‘hyper-localised’ solution. This unique and bespoke solution automatically delivers the necessary compliance required based on location, language and legislation needed for the specific sector and allows companies in the medical space to not only fulfil their customers’ requirements like NHS DSPT and DTAC, but also turn compliance into a competitive advantage and impulse to growth.
This targeted and focused solution has helped the firm grow rapidly in 2023 and has also attracted interest from many multinational corporations. The CEO, Co-Founder and GPDR Lawyer Nadia Kadhim was also listed in the prestigious Forbes 30 under 30 for Technology for 2023.
Naq Cyber raised funding of $1.5 million from a mix of investors, most notably getting funding from the National Cyber Security Centre, an arm of the U.K. spy agency GCHQ.
Nadia Kadhim, CEO at Naq Cyber, commented, “I was delighted to be recognised by Forbes for 30 under 30 in tech and I would like to thank the team at Naq Cyber for all their hard work which helped make this possible.
Our unique automated compliance solution for highly regulated sectors such as medical, defence and finance has helped deliver rapid growth in 2023 and has also attracted the interest of many large organisations who are interested in utilising the platform for their suppliers. Our ‘hyper-localised’ solution not only allows firms to automate and manage complex compliance and legislation requirements tailored to their exact needs, but also allows organisations such as the NHS, as well as government and enterprises, to secure their supply chain by securing their suppliers.”