Frost & Sullivan | October 07, 2021
Frost & Sullivan's recent analysis on the Global Vulnerability Management Market finds that enterprises are becoming more vulnerable to cyber-attacks as they embrace digital transformation initiatives. This is due to an expanded attack surface resulting from multiple touchpoints through an open network and easy accessibility to databases and applications. An expanded attack surface has triggered the need for greater investments in vulnerability management (VM) solutions. Given this demand, the global VM market is expected to reach $2.51 billion by 2025, expanding at a compound annual growth rate (CAGR) of 16.3%.
From a regional perspective, North America will continue to dominate the VM market over the forecast period. The recent executive order to improve US cybersecurity is one of the main demand drivers in the region. Europe, the Middle East, and Africa (EMEA) will be the second-largest VM market as a result of regulations such as General Data Protection Regulations (GDPR). Finally, the growing significance of cybersecurity among end-users and rapid digital transformation initiatives encourage organizations to embrace VM in APAC and Central and Latin America.
The COVID-19 pandemic and the resulting work-from-home economy have expanded organizations' attack surface. With organizations adjusting to a new mode of business operations, VM capabilities for emerging platforms and applications will gain traction,In addition, as businesses embrace network-attached endpoints, cloud-based applications, and connected devices, the need for managing vulnerabilities in the extended attack surface will surge.
Swetha R Krishnamoorthi, Senior Industry Analyst, Cybersecurity at Frost & Sullivan
Swetha added: "Organizations' move toward holistic and focused security will encourage vendors to integrate capabilities from upstream, downstream, and alternative applications. Over the next decade, there will also be a likely emergence of an 'integrated security posture assessment tool' that provides end-to-end risk management for enterprises."
Increased threats amid higher numbers of connected devices and regulatory requirements for organizations to perform regular vulnerability scanning and remediation will present lucrative growth prospects for VM vendors, including:
Addressing end-to-end vulnerability management workflow through an integrated platform by having an extensive list of integrations that enable an organization to pull in data from different tools and trigger workflows on other platforms from a single pane of glass.
Focusing on emerging economies and identifying local distribution partners and value-added resellers to boost expansion initiatives in emerging markets.
Leveraging managed security service providers (MSSPs) as a revenue source to expand the customer base by developing a separate pricing model that works well for both MSSPs and customers, ensuring profitability.
Expanding asset-type coverage to a non-conventional environment through strategic partnerships or inorganic deals with operational technology security vendors to hasten the acquisition of capabilities and achieve growth.
Global Vulnerability Management Market, Forecast to 2025 is the latest addition to Frost & Sullivan's Information & Communication Technology research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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prnewswire | November 09, 2020
In light of its ongoing examination of the worldwide mechanical (OT/ICS) cybersecurity market, Frost and Sullivan perceives Kaspersky with the 2020 Global Company of the Year Award for propelling its vision of making a really predominant modern cybersecurity arrangement. Kaspersky is a pioneer in dissecting market patterns and creating redid arrangements that adequately address key trouble spots inside the mechanical climate. It has made huge steps in the course of recent years by consolidating one of a kind innovations, for example, Machine Learning for Anomaly Detection (MLAD) and Kaspersky Threat Intelligence Feeds in its answers.
Because of its combination and OT frameworks, it dispatched the Kaspersky Industrial CyberSecurity arrangement. The arrangement incorporates a wide scope of items and administrations, for example, Kaspersky Industrial CyberSecurity for Nodes to secure modern endpoints and Kaspersky Industrial CyberSecurity for Networks for resource and correspondence disclosure for situational mindfulness, and early mechanical assault and abnormality recognition. Also, it offers security mindfulness and preparing, danger insight, security and weakness appraisals, and oversaw security administrations. Its recognition motors produce various functions, while its connection motor corresponds these nuclear functions into totaled functions that help wipe out superfluous cautions.
"Kaspersky Industrial CyberSecurity is uniquely placed to address unmet needs such as protecting legacy operating systems on industrial hosts and offering comprehensive network and asset visibility along with well-rounded attack visibility and protection," said Gautham Gnanajothi Global Research Director. "Its Growth Center, Future Technologies, and Innovation Hub departments are perfectly positioned with best-in-class strategic frameworks to assess, develop, and deliver innovative security offerings to support industrial/ OT end users along their digital transformation journey."
Fundamentally, the organization has two committed examination groups; one to help its mechanical arrangements and one for more extensive market-centered cybersecurity megatrends. The Kaspersky Industrial Control Systems - Cyber Emergency Response Team (ICS-CERT) for mechanical arrangements represents considerable authority in working together with controllers and authority norms associations to grow best practices, and examination potential and existing dangers across modern computerization frameworks and the mechanical Internet of Things (IIoT). In the interim, the Global Research and Analysis Team (GReAT) centers around more extensive cybersecurity megatrends and reveals digital surveillance crusades, major malware, ransomware, and underground digital criminal patterns over the world.
"The company has established its dominance in a yet uncontested market with emerging technology-based products such as the IoT secure gateway product based on its proprietary operating system KasperskyOS," noted Gnanajothi. "Leveraging superior technical performance, customer service focus, and client relationship, Kaspersky is all set to dominate the industrial (OT/ ICS) cybersecurity market in the long term."
"The protection of industrial organizations is one of our key business priorities. While these organizations enhance their OT security, our goal is to provide them with the solutions and expertise required for their level of maturity. We also understand that complex measures are crucial to ensuring any protection is effective, so Kaspersky's portfolio also includes security services and training to improve expertise among IT security teams and OT engineers, as well as employee awareness. This Frost & Sullivan award confirms that we're on the right track, so we're extremely proud to receive such recognition," commented Georgy Shebuldaev, Head of Growth Center, Kaspersky.
Every year, Frost and Sullivan presents a Company of the Year grant to the association that exhibits greatness regarding development system and execution in its field. The honor perceives a serious level of advancement with items and advances, and the subsequent administration regarding client worth and market infiltration.
Ice and Sullivan Best Practices grants perceive organizations in an assortment of provincial and worldwide business sectors for exhibiting remarkable accomplishment and predominant execution in regions, for example, administration, mechanical advancement, client support, and vital item improvement. Industry investigators analyze market members and measure execution through inside and out meetings, examination, and broad optional exploration to recognize best practices in the business.
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Kaspersky is a global cybersecurity company founded in 1997. Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help 250,000 corporate clients protect what matters most to them.
CyberMDX | April 21, 2021
CyberMDX, a leading healthcare cybersecurity provider that provides visibility and threat prevention for medical devices and clinical networks, announced today that it has joined the Microsoft Intelligent Security Association (MISA), an ecosystem of independent software vendors and managed security service providers that have integrated their security solutions with Microsoft to better defend against a wide range of threats. CyberMDX's leading Healthcare Security Suite has been integrated with Microsoft Defender for Endpoint to provide robust visibility and incident management for medical devices and IoT.
The integration combines CyberMDX's unmanaged network visibility and identification capability with Microsoft Defender for Endpoints' single pane of glass view of the managed network to provide healthcare organizations with unrivaled cross-platform device visibility, classification, and incident response capabilities. The built-in automation allows security teams to go from warning to remediation in minutes and at scale.
Customers will benefit from CyberMDX's ability to automatically identify and label unmanaged clinical assets, such as medical equipment and IoMT, to establish an accurate inventory of all connected devices within the network, in addition to the visibility benefits and identification capabilities.
CyberMDX is a medical cybersecurity pioneer and the firm behind the leading IoMT visibility and security solution. CyberMDX identifies, categorizes, and defends wired medical equipment, preserving resiliency, patient protection, and data privacy. Risks are quickly mitigated and assets streamlined with CyberMDX's continuous endpoint discovery and mapping, comprehensive risk management, AI-powered containment & reaction, and operational analytics.CyberMDX is a medical cybersecurity pioneer and the firm behind the leading IoMT visibility and security solution. CyberMDX identifies, categorizes, and defends wired medical equipment, preserving resiliency, patient protection, and data privacy. Risks are quickly mitigated and assets streamlined with CyberMDX's continuous endpoint discovery and mapping, comprehensive risk management, AI-powered containment & reaction, and operational analytics.