Conduit Security

Recognized for building purpose-built software and operational controls to defend investment managers, family offices, real-estate firms, and other organizations against one of finance’s fastest-moving threats: wire fraud.

Conduit Security has been selected as a 2026 Industry Icon in Cybersecurity & Public Safety by The 2026 List, brought to you by Industry & Influence, recognizing the company’s growth, fraud-prevention technology, treasury-control focus, and role in helping high-value payment teams reduce risk from social engineering and business email compromise.

Wire fraud is dangerous because the technology around the payment can be secure while the instruction itself is fraudulent.

A compromised email account can look legitimate.

A request can arrive inside an existing thread.

A criminal can impersonate a vendor, executive, attorney, investor, or counterparty.

The bank transfer may function exactly as designed.

The loss happens because the organization was manipulated before the payment was sent.

Conduit is built around that gap.

From Policy to Technical Control

Many companies already have wire policies.

They require callbacks.

They document procedures.

They train staff.

Conduit’s thesis is that high-stakes payment controls should not depend only on memory and human consistency.

The company’s SaaS platform is designed to make verification procedures part of the payment workflow.

Teams can document the steps used to authenticate instructions, create an audit trail, and give executives better visibility into whether approved procedures were actually followed.

That turns policy into a control system.

Investment Managers Are a High-Value Target

Conduit initially focused heavily on investment managers, family offices, hedge funds, real-estate firms, and other organizations moving large amounts of money.

Those businesses are attractive targets because individual wires can be enormous.

A successful fraud attempt does not need to happen often to create catastrophic loss.

Conduit reports that its platform has protected more than $2 trillion in transaction value, prevented $60 million in losses, and that its clients have lost no money to wire fraud while using the platform.

Its published case studies include hedge funds, investment managers, family offices, and developers managing billions of dollars in assets.

The financial stakes explain why process discipline matters.

Cyber Insurance Is Not the Same as Prevention

One of Conduit’s recurring themes is the limitation of relying on insurance after the fact.

Coverage for social-engineering losses may be restricted, disputed, or subject to sublimits.

Even when a claim is paid, the organization still faces operational disruption, legal questions, and reputational damage.

Conduit’s approach is preventative.

The objective is to stop the payment before the loss exists.

That shifts the security conversation from recovery to control.

2026 Brings Rapid Growth

Conduit’s momentum became especially visible in 2026.

The company was ranked No. 206 on the Inc. 5000 list of America’s fastest-growing private companies and No. 17 in software.

The ranking was based on three-year revenue growth through 2025.

That growth reflects a market problem that has become more urgent as social engineering, AI-generated impersonation, and increasingly sophisticated fraud techniques make human verification harder.

The company’s timing aligns with a broader shift in cybersecurity.

Organizations increasingly need controls around financial behavior, not only network infrastructure.

Nacha Rules Raise the Bar

Conduit has also focused on the operational impact of new fraud-monitoring expectations in ACH payments.

Its 2026 educational content emphasizes that finance teams need more reliable controls, clearer verification, and stronger visibility into how payments are approved.

That work positions the company not only as a software provider, but as an educator in a fast-changing risk environment.

The market is evolving from awareness training toward documented, auditable payment controls.

A Founder With Cybercrime Experience

Founder and CEO Ryan Castle brings a background in cybercrime, software development, and law enforcement.

He previously worked as an FBI Special Agent focused on criminal computer intrusions and organized crime and later held technology and operating leadership roles.

That combination is unusually relevant to wire-fraud prevention.

The threat involves both technical systems and human behavior.

Understanding only one side is not enough.