R&D in Digital Security companies
Industry Spotlight
How might a Digital Security Company qualify for R&D tax relief?
A digital security company engaged in research and development (R&D) activity typically focuses on developing new technologies or improving existing ones to protect against digital threats and cyber-attacks.
Here are some examples of how a digital security company might carry out R&D activity
A digital security company might conduct research in the field of cryptography to develop new algorithms or protocols for secure communications, data storage, or authentication.
R&D can contribute to the development of robust IAM solutions, including multi-factor authentication, role-based access controls and identity verification mechanisms. This ensures only authorized individuals have access to sensitive resources.
A digital security company might develop new incident response procedures or improve existing ones. This could involve developing playbooks, training staff, or conducting simulations to prepare for cyber incidents
A digital security company might conduct malware analysis to identify and understand new strains of malware. This could involve analysing code, behaviour, or network traffic associated with malware.
A digital security company might conduct penetration testing to identify weaknesses in an organisation’s security posture. This testing could involve simulating real-world attacks to identify vulnerabilities that need to be addressed
A digital security company might develop new security products or improve existing ones. This could involve developing new software or hardware solutions for threat detection, prevention, or response
A digital security company might gather and analyse threat intelligence data to identify new and emerging threats. This could involve monitoring underground forums, social media, or other sources of threat intelligence
A digital security company might conduct vulnerability research to identify weaknesses in software or hardware that could be exploited by cyber-criminals. This research could involve reverse engineering, code analysis, or other techniques.
R&D can explore the application of blockchain technology and decentralized security models to enhance data integrity, privacy and resilience.
This includes developing blockchain-based authentication, secure transactions, and decentralized identity solutions.
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Has your company engaged in this type of activity in the past?
If you believe your digital security company could benefit from R&D tax relief, please do not hesitate to contact us today.
Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.
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