OPULENT SECURITY
OPULENT SECURITY
Title: A security providing VPN and an App related to privacy concern
and provide security towards data of consumer
and named the startup as “OPULENT SECURITY”.
Table of contents:-
1) About the idea
2) Market demand
3) Relevant products in market
4) Target customers
5) Required knowledge or Expertise
6) Estimated Budget
7) Product pricing
8) Marketing plan
9) Risk analysis
10) Milestone and Timeline
About the idea:-
Effective Data Security is Critical for Today’s Digital Businesses. Learn How “OPULENT SECURITY” Can Help, Overcome Operational Complexity, Adhere to Privacy Regulations & More with data Security. Data security is not just important for organizations. This is were the endpoint protection, endpoint security comes into play, it helps to protect and maintain the devices connecting the network. Data breaches and cyber-attacks are anticipated to increase in the due course of time as the computer networks expand.
Basically, organizations are focused on protecting three common elements namely people, processes, and technology. This inwardly protects intellectual capital, critical infrastructure, customer information, brand and much more. Data security is not just important for organizations. Data protection comes into play on the personal computer, tablet, and mobile devices which could be the next target of cybercriminals. Normally, remote devices that connect with an organization get targeted by attackers to tap the sensitive information. This is were the endpoint protection, endpoint security comes into play, it helps to protect and maintain the devices connecting the network.
More towards the point, our motive is to provide security from data breaches done by cybercriminals and cyber attackers and it is also useful in day to day life.
Market demand:-
However, the main advantage of a VPN is that it helps you to keep your online activities secure and private by encrypting your connection and hiding your IP address. It also allows you to securely access your content wherever you are and protects you from ISP throttling. In our every day life we consumes and generate lots of data online and offline which is unsecure and cybercriminals try stole our data and can access our private data too which can create lot of trouble and for that matter of fact there is a huge demand of security providing apps and website or vpn.
Global virtual private network market size was valued at USD 25.65 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 17.4% from 2020 to 2027.
Rapidly increasing cyber security incidents and regulations requiring their reporting are driving the cyber security market. According to the Center for Strategic and International Studies (CSIS) and McAfee, cyber crimes, which include damage and destruction of data, stolen money, lost property, intellectual property theft, and other areas, currently cost the world almost USD 600 billion each year, or 0.8% of the global GDP. Hence, for the above mention data there is a huge market demand for security providing apps and webs.
Relevant products in market:-
There are few company which are providing security at bigger level such as IBM, McAfee , NORD VPN, Oracle, etc. Microsoft azure monitoring service that collects telemetry and other data, and provides a query language and analytics engine to deliver operational insights for your apps and resources and can be used alone or with other services such as Security Center.
All these are the relevant products in market which serves just like “OPULENT SECURITY”.
Target Costumers:-
1] Our first priority is for those who surf a lot of web and for those most of the work is online.
2] Secondly, the person who are concern for there privacy issue.
3] For those small new startups who are seeking for their security.
Here is a most often question arise that “What are the requirements from the customer side?”. This question is answerable by its own. Generally, most of the people want’s to secure their information and privatise their personal details, and does not want that their information should be in wrong hand. Hence for that purpose every person need this “OPULENT SECURITY” app and VPN for protecting their data.
Required knowledge or Expertise:-
For developing and implementation of this software we need some skilled person which have a vast knowledge in their particular fields such as:
1) Security tools expertise — It may go without saying, but security begins with knowing the tools. Unfortunately, many organizations take a set-it-and-forget-it approach, because they don’t have security tools on board.
2) Security analysis — Tools are important, but it’s also critical to understand how they fit into your overall security. Security analysis can identify the conditions that make attacks more likely and help minimize those attacks.
3) Post-mortem deep forensics experts — A number of large organizations put their security teams through extensive deep forensics training to help them develop better incident response skills. Here we also need some deep forensics experts.
4) Data scientist and data analytics experts — We need some data scientist and data analyzer which analyze and manage our daily data which are generated by consumers.
Now for developing the software we also needs some good hardware, without the combination of perfect hardware we are unable to develop some good stuffs. Hardware such as latest generation CPU’s and GPU’s for fast evaluation of data, server rooms, super computers, etc.
The cyber security field needs people with the training, experience and knowledge to leverage these analysis tools — including machine learning, algorithms and even AI — to process all this data, crunch the numbers and analyze reports to get results. AI also plays a significant role for data security, with the help of AI we also reduce the load of work and enhance the efficiency. We also use AI to provide a user better in app experiences, and feels protected from data losses.
Estimated Budget:-
The budget required for this project is somewhat not more than 10 lakhs. The estimated budget is around 8.5 to 9.5 lakhs as we only need to build a software and the app. So most of our work is computer based therefore we not need to spend on things like transportation, raw material,etc. The concept behind this estimate budget, as we use 80% of this in implementation and rest 20% of its to regrow and fullfill the loss if happens. This budget will fullfill our essential needs and even fullfill loss of few days.
Product Pricing:-
I can confidently say that price should be a secondary concern when it comes to protecting your business’s and personal data. I can also confidently say that price is no small consideration when it comes to purchasing anything, including software. We here use license purchasing system and renewal of license after a certain period of time. There are various different packages to buy based on the consumer needs that “how much security someone wants?” On the lower end, approx. 800 to 1000 rupees packages are available and the cost for higher end is upto 10 thousand for premium packages.
One can choose a packages based on their requirement. As we mentioned before these packages are for single system or particular network protection. Tiered packages often include a consideration of the number of users on a network or the number of members on your networking team, but mostly with the view that as your company increases in size, you’ll need access to more advanced security monitoring tools. For a branched system or startups, their was a multi system protection package worth rupees 50 thousand approx.
As I mentioned at the beginning of this piece, the cost of software should be a secondary consideration when looking into network security options. While you should always be realistic about what your business can and can’t afford, you should also be realistic about the cost of security breaches. A successful cyberattack costs the average small business victim around $90,000. That’s without considering the cost to your organization’s reputation when your customers and clients lose faith in your ability to protect their data.
In fact, it takes so much time, effort, and money to repair the damage done by a cyberattack that most small and mid-sized businesses go out of business within six months of falling prey to cybercrime.
- ****Not securing your network is much more expensive than purchasing the right security software*****
Marketing plan:-
The market for cybersecurity products and services is highly competitive. So, to ensure that our expertise and solutions stand out from the crowd, we need an excellent cybersecurity marketing strategy.
There are few key tips to developing a cybersecurity marketing strategy. These are:
1) We should understand what our auidiance needs.
2) We should ensure that our consumers have enough education or knowledge regarding our product as well as loss of not buying our product.
3)Gaining trust of our consumers and showcasing expertise for our product.
4)Creating a sense of urgency.
5)Take away the fear out in our customers for our product.
Risk analysis:-
There are few risk factors in this project such as:
Risks related to lack of visibility — employees are dealing with sensitive data due to lack of visibility into their infrastructure. That is a huge risk because it makes detection of privilege abuse or unauthorized users accessing sensitive data almost impossible until it causes real damage.
Risks related to human actions — While data can be lost or damaged due to natural disasters, the greatest threat is human beings, who can make critical mistakes or deliberately cause problems.
Most companies continue considering hacker attacks to be the most dangerous threat, while the evidence shows that it’s actually insiders who cause the overwhelming majority of security incidents.
As we know, in each and every field their is a risk always but we should never give up from these things. In this project the main risk is about the leakage or theft of some important data of a consumer or a client, but again these risks does not affect our mindset. Our main intention is to provide better security to reduce risk and makes our client happy!
Milestone and timeline:-
As far as I discussed with all my expertise I came to know that it at least require 12 months for hardware setup, implimentation, launching and testing . the development will also consist of algorithm and artificial intelligence for
high security.
The timeline as we follows are:
1) 1 month for planning.
2) 6 months is for development of our product.
3) 2 months for testing and further improvement.
4) 3 months for implementation and setting up of all are services.
************SECURITY IS ALWAYS EXCESSIVE UNTIL IT’S NOT ENOUGH*************
