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22 Dec 2022
Fortytwo Labs has been awarded the prestigious Data Security Council of India (DSCI) Excellence Awards and recognized as the Cyber Security Product Company of the Year 2022. The award was presented during the NASSCOM-DSCI Annual Information Security Summit 2022 which hosted the 12th edition of the DSCI Excellence Awards.
DSCI is a not-for-profit industry body on data protection in India, set up by NASSCOM. It is committed to making cyberspace safe, secure, and trusted by establishing best practices, standards, and initiatives in cyber security and privacy. The awards honour stellar work undertaken by companies and individuals in the cyber security and privacy space.
The award’s rigorous evaluation process included assessment of the level of innovation of the product/ ideas, and its ability to address real risks, build resilience, increase trustworthiness, and create a conducive environment for businesses.
Nilesh Dhande, Co-Founder and CEO, Fortytwo Labs said, “The team of Fortytwo Labs is honoured to receive the prestigious DSCI Excellence Award. Such industry recognitions vindicate our vision to build a quantum-safe digital trust platform to embed security and trust in every digital operation.” We would like to thank our customer-partners in defence and banking industry who have put in the faith.
Swaminathan Iyer, Head Strategic Operations, Fortytwo Labs added, “Our effort is to build India's first indigenous Digital Trust Platform based Quantum-Safe algorithms and acknowledgement by the distinguished platform of DSCI Excellence Awards embolden team’s determination.
Apart from delivering multitudes of use cases successfully in BFSI and defense, the company has been exploring several other use cases. It has also filed for several tech patents and is continuously innovating in this field. The platform is already trusted by several Banks, Defense, International Govt. Agencies and Enterprises alike both in the domestic as well as global market.
In the past, Fortytwo Labs has been recognized as Top 10 Defence Start-ups of 2022, been a part of the National Centre of Excellence for cyber security startups incubated by DSCI and the Ministry of Electronics and Information Technology, Government of India. It is DIP certified and is also a member of the NASSCOM Deep Tech Club.