CTM360
Bahrain-based external attack surface management and digital risk protection platform combining EASM, brand/phishing takedowns, dark web monitoring, and third-party risk scoring, widely used by GCC banks.
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CTM360 provides a consolidated external cybersecurity platform spanning external attack surface management (EASM), digital risk protection, cyber threat intelligence, brand protection and anti-phishing, surface/deep/dark web monitoring, security ratings, and third-party risk management, sold with unlimited takedown services included rather than billed per incident. The pitch is replacing a stack of separate point tools for external exposure and brand-abuse monitoring with one managed platform and analyst team handling takedowns on the customer’s behalf.
Founded in 2014 in Manama, Bahrain by CEO Mirza Asrar Baig, CTM360 built its early customer base heavily within Gulf Cooperation Council banking, serving more than 35 of the top 50 banks in the region and over 500 institutions across 35 countries, including several central banks. The company has grown mostly on a small angel round (its last disclosed funding was in 2014) and reported revenue growth from $5.4 million in 2023 to $11.8 million in 2024, with roughly 130 employees.
CTM360’s differentiation is depth of coverage specific to financial-sector brand abuse and phishing in a region with especially high rates of banking-brand impersonation, combined with an operationally intensive managed-takedown service most competitors treat as an add-on. Its growth has been almost entirely bootstrapped rather than venture-funded, which is a credible efficiency signal but also means less independent due-diligence scrutiny than a heavily VC-backed peer would have received.
Innovation Matrix Assessment
CTM360 has expanded from its original digital-risk-protection focus into a broader consolidated platform covering EASM, security ratings, and third-party risk over the past decade, a steady but not category-redefining pace.
Combining EASM, brand/phishing monitoring, and unmetered takedown services into one delivered platform is a genuine operational differentiator versus vendors that bill takedowns separately or offer narrower point coverage.
Reported revenue grew from $5.4M in 2023 to $11.8M in 2024 (more than doubling) with an expanding footprint of over 500 institutional customers, a strong growth signal for a bootstrapped company operating without recent outside funding.
External attack surface management and digital risk protection are established categories with several well-funded global competitors; CTM360's bundled, unlimited-takedown delivery model is a meaningful but incremental differentiator rather than a new technical approach.
A large, named customer base including more than 35 of the top 50 GCC banks and several central banks is a credible independent adoption signal, though specific detection/takedown performance metrics were not independently benchmarked in this research.
Phishing, brand impersonation, and expanding external attack surfaces remain high-priority risks for financial institutions especially, keeping this category strongly relevant, particularly in the banking-heavy GCC market CTM360 serves.
Why CISOs Should Care
Gives security teams, especially in banking and financial services, one platform and managed service for external attack surface visibility, phishing/brand-abuse takedowns, and third-party risk instead of several separately billed point tools.
What Makes It Different
Bundles unlimited takedown services into the core platform rather than billing them per incident, and has built particularly deep coverage of financial-sector brand abuse patterns common in the GCC region.
The Matrix Verdict
53/100 — INCREMENTAL INNOVATOR
A capital-efficient, fast-growing external risk platform with real, verifiable adoption among major GCC banks; a strong regional player whose global brand recognition still lags better-funded Western EASM/DRP competitors.
Editorial Note: Claims vs. Verified Findings
Revenue growth figures ($5.4M to $11.8M) and customer counts are sourced from a third-party SaaS-revenue database (Latka) and company marketing rather than audited financial disclosure, and should be treated as vendor-reported estimates. The claim of serving 35+ of the top 50 GCC banks is a vendor-stated figure not independently cross-verified in this research.
Sources
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