Cloud and colocation provider UKFast is launching a new fund to help make cybersecurity more accessible to businesses.
The Building a Safer Environment (BASE) Fund is a $1.5 million fund offered by UKFast founder and managing director Lawrence Jones.
UKFast will grant £5000 (around $7750) for each business that qualifies for the funding, to be used to add security features to their network. The grants are available to anyone hosting on the UKFast network.
“The problem is less about people’s desires to create a safe environment and more to do with astronomical pricing for firewalls and online security,” Jones said in a statement. “If making your website safe is cost prohibitive, it’s often the things you cannot see that are compromised, quite literally.”
Jones said the fund is a “small price to pay when you consider the £12m we put into developing our own data centers.”
“We’re hearing from businesses that are seeing their security costs multiply because their hosting provider is taking advantage of growing fears around safety online,” he said. “People are hearing more and more about DDoS attacks and some companies are using that to hike their prices up.”
BASEfund provides industry leading anti-virus, backup systems, safety protocols and 24-hour monitoring at no extra cost for UKFast dedicated or managed hosting clients.
Investments in cybersecurity, particularly related to the security and stability of customers, is a good idea for a web host. Often, as a recent Commtouch study points out, when customers are attacked, they are likely to blame their web host or in more severe cases, leave their web hosts for another provider.