Cyber security firm Precursor creates new jobs

Precursor, a Leeds-based cyber security company, has expanded into Newcastle, introducing a new secure operations centre and creating 10 initial jobs.

This move brings its specialised 24-hour managed defence and response services closer to North East businesses, emphasising its dedication to enhancing cyber security measures through services like compliance, incident response, and penetration testing.

Scott Cardow, the firm’s CEO, said: “Businesses are exposed to this global cyber threat around the clock and now recognise the need for 24/7 proactive cyber protection and support. Boards are spending more time and money on protecting their valuable assets, as they understand the cost and risk associated with getting this area wrong. We are investing in a facility dedicated to protecting customers from these new and ever-changing threats and have deployed the very latest tools to help deliver the service.”

Precursor has committed £500,000 to their new Newcastle site in response to increasing service demand. The company, privately owned, plans to expand its workforce to 30 by year-end. Additionally, Neil Stephenson, a notable local tech investor, has joined as chairman, tasked with steering Precursor through its forthcoming growth phase.

Mr Stephenson said: “The global market for Security Operations Centres services is growing at over 12% annually, and is worth £6bn in 2021 with expectations to double by 2027. This growth is being fuelled by businesses needing to monitor, prevent, detect and respond to cyber threats around the clock. The cost of cyber incidents is rising too with average losses of £3,000 and cases rising in the UK to 2.3m per year. The insurance market is struggling to keep pace with this increase with less than half of businesses having a cyber policy.

“I’m delighted to be working with Scott and his team at Precursor, who are building a very exciting business in a very big global market. Precursor’s expansion to Newcastle brings more high quality jobs to our region and helps the local economy to build further on its technology expertise and reputation.”

Cyber security firm Precursor creates new jobs

Related Stories

In the Spotlight