$16+ Billion Global Security as a Service Industry up to 2025-Rising Web Safety and E-mail Safety Demand

prnewswire | September 01, 2020

The "Security as a Service Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering. The global Security as a Service market is projected to grow at a CAGR of 19.52% to reach a value of US$16.239 billion by 2025 from US$5.572 billion in 2019. There has been an increase in the number of security breaches over the past few years and has led to severe losses to the end-user industries such as BFSI, and Communication and Technology among others. This has led to an increase in the concerns among the end-users and is forcing them to adopt advanced approaches to secure their infrastructure from attacks. Security as Service providers includes the different security services companies dealing in cloud security services, data security services, ransomware protection services, and e-mail security services among others.

Spotlight

You understand the intricacies of today's threat landscape, and the difficulties your organization faces when attempting to prevent, investigate and remediate targeted attacks, but how do you explain that difficulty, and subsequent cost, to senior leadership? Often the best tactic is to speak to them in a language that they understand: money.


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PLATFORM SECURITY

LogicBoost Labs' Latest Investment Enhances Cybersecurity Validation

LogicBoost Labs | March 09, 2022

LogicBoost Labs, a startup accelerator focused on promoting the growth of early-stage B2B SaaS startups, announced today an investment into Information Shield, a provider of products and services that help automate the process of building and validating a robust cyber security program. The investment package includes putting cash on the balance sheet for growth and expert advice in sales, marketing, customer success, and tech development from the in-house team of LogicBoost Labs experts. Supported by a panel of leading information security experts, Information Shield and its ComplianceShield software solution allow organizations to quickly validate cyber security readiness to customers, regulators, and insurance providers. Clients can save thousands of dollars and weeks of effort when addressing third-party risk assessments and preparing for external certifications for compliance frameworks, including ISO 27002, NIST-CSF, HIPAA, CMMC, among many others. "Having spent 15 years working in cybersecurity, I've seen firsthand how difficult it can be for companies and their IT teams to meet compliance mandates. Information Shield dramatically reduces the amount of time it takes to build, roll out, and validate your modern cybersecurity program to meet internal requirements and your client's needs." Jonathan Cogley, Founder and CEO of LogicBoost Labs David Lineman is president and CEO of Information Shield, Inc., a global provider of information security leading practices. Lineman has more than 25 years of software, security, and information technology management experience, and holds 3 patents on software technology, and has consulted on information security policy development for over 50 organizations. "If your business is handling information, you need to have a defensible cyber security program in place that addresses key industry standards," said Lineman. "Using our Security Wizard and Common Control Library (CCL), we have dramatically simplified the process by helping organizations quickly build programs that address key regulations and frameworks. Built-in security policy templates enable rapid documentation and key supporting evidence to support external audits, such as SOC II or ISO Certification. We have leveraged our experience with over 8000 customers in 100 countries to create a tool that is both robust and affordable." About LogicBoost Labs LogicBoost Labs is a startup accelerator designed to advance the growth for pre-revenue and early-stage B2B SaaS startups. As such, LogicBoost Labs offers a full-service line-up of resources and capabilities to further increase the likelihood of a young company's success. Each portfolio company has full access to LBL's talented pool of experienced executives whose sole job is to guide and mentor the start-ups on such matters as staffing, sales, marketing, technical support, and customer success. The ultimate goal: take the start-up from early revenue or pre-revenue to 1 million ARR. About Information Shield Information Shield provides customers with time-saving products and services to help build, update, and maintain a defensible information security and data privacy program. Based in Houston, Texas, Information Shield has over 10,000 satisfied customers in 100 countries, covering a variety of markets including financial services, healthcare, non-profits, government, and retail.

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DATA SECURITY

Symphony Technology Group Announces the Launch of Skyhigh Security

Skyhigh Security | March 22, 2022

Symphony Technology Group (“STG”), a leading Menlo Park-based private equity firm focused on the software, data, and analytics sectors, today announced the launch of Skyhigh Security. The new portfolio company was created to satisfy the growing cloud security requirements for large and small organizations. Skyhigh Security’s unique approach extends security beyond data access to securing how the data is used. Its data-aware Security Service Edge (SSE) is built to meet the needs of the modern workforce with security that follows the data and users wherever they are. Earlier this year, STG announced it would be splitting McAfee Enterprise into two organizations—Trellix and Skyhigh Security—to better focus on the very distinct markets of Extended Detection and Response (XDR) and the SSE. At that time STG also announced that Gee Rittenhouse, who previously led Cisco’s cyber security business, would serve as CEO of the SSE business, bringing deep cloud security expertise. “Skyhigh Security has emerged as a dedicated cloud security company that is laser-focused on propelling businesses forward with a comprehensive and converged approach to data security. We’re committed to investing in this business, which is in one of the most important markets in security, SSE.” William Chisholm, managing partner, STG “With the majority of data in the cloud and users accessing it from everywhere, a new approach to security is needed,” said Rittenhouse. “Skyhigh Security has created a comprehensive security platform to secure both data access and data use via unified policies and data awareness. Organizations can now have complete visibility and control and seamlessly monitor and mitigate security risks—achieving lower associated costs, driving greater efficiencies and keeping pace with the speed of innovation.” “Organizations are at a crossroads navigating the hybrid workforce,” said Frank Dickson, vice president, IDC. “While the ‘work from anywhere’ model creates flexibility and agility, it can also be a point of security vulnerability, challenging perimeters and endpoints and opening new attack surfaces in the cloud. These organizations need a best-in-class cloud-native solution that simplifies the implementation of cloud security to protect data regardless of where it lies.” “Protecting the way data is used is as important as the way data is accessed—we must implement a powerful data-centric defense to meet the demands of how work is conducted today,” said Dan Meacham, chief information security officer, Legendary Entertainment. “Skyhigh Security’s platform approach is completely integrated and simple to use. With over 10 years focus on cloud security, they are a pioneer in the SSE space. Skyhigh Security’s innovations have been validated both by analysts and customers alike. It is truly one of the most solid and unique SSE solutions in the market today.” The Skyhigh Security SSE Portfolio includes Secure Web Gateway (SWG), Cloud Access Security Broker (CASB), Zero Trust Network Access (ZTNA), Cloud Data Loss Prevention (DLP), Remote Browser Isolation technology, Cloud Firewall and Cloud Native Application Protection Platform (CNAPP). The company was most recently named a Leader in the 2022 Gartner® Magic Quadrant™ for Security Service Edge and recognized in the 2022 Critical Capabilities for SSE for its MVISION Unified Cloud Edge (UCE) solution. About Skyhigh Security: Skyhigh Security protects organizations with cloud-native security solutions that are both data-aware and simple to use. Its market-leading Security Service Edge (SSE) Portfolio goes beyond data access and focuses on data use, allowing organizations to collaborate from any device and from anywhere without sacrificing security.

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PLATFORM SECURITY

Red Sift Partners with SMX to Provide End-to-End Cloud Email Security to Organizations in Australia and New Zealand

Red Sift | May 09, 2022

Red Sift, provider of the only integrated cloud email security and brand protection platform, today announced a strategic partnership with SMX, the cybersecure email specialist, to help enterprises in Australia and New Zealand strengthen their email security posture and threat protection. Through this exclusive arrangement, Red Sift’s best-in-class Reporting Platform integrates with SMX’s new Domain Protection Service (DPS) to deliver a new joint DMARC implementation offering, helping customers improve email threat monitoring and agility in responding to threats. Red Sift and SMX will be showcasing their joint offering at AusCERT 2022 in Broadbeach, Australia, May 10-13 (booth #B19). SMX’s DPS service enables enterprises to maintain an effective DMARC implementation, using Red Sift’s best-in-class Reporting Platform to identify, quantify, and respond in real-time to dynamic threats. Red Sift’s real-time reporting provides vital data that allows SMX to deliver their expertise in refining the security profile and manage SMX DPS deployments effectively across an enterprise’s domains. SMX’s expertise, coupled with Red Sift’s reporting capabilities, provides the level of agility and monitoring required to keep up with today’s email threat landscape. “Every company in Australasia has a unique threat environment and clients increasingly want a region-specific, locally designed and supported approach to cyber security,” says Richard Fraser, CEO of SMX. “Our DMARC managed service, DPS, made possible through this strategic partnership with Red Sift, provides clients with the tailored protection profile required to respond in real-time to dynamic threats, and will enhance email cyber-security throughout Australia and New Zealand.” According to Gartner, 90% of the Global 2000 will have DMARC in place by 2026. As email threats continue to evolve and become increasingly complex, it is more important now than ever before that enterprises establish a streamlined and sustainable DMARC implementation process that can be easily updated to reflect today’s dynamic digital environment. With the Red Sift and SMX partnership, enterprises now have access to an end-to-end email threat monitoring service, powered by real-time reporting with actionable insights that enable them to maximize their agility in quantifying and responding to threats. As a result, customers have greater confidence in their DMARC implementation and overall email security posture. “SMX shares our mission to provide enterprises with the solutions necessary to proactively protect their business and brand reputation from email security threats, rather than ‘mopping up’ after an attack. Our partnership with SMX enables us to help more organizations in Australia and New Zealand strengthen their DMARC implementations, and we’re excited to continue to scale globally in partnership with SMX.” Cameron McLean, Regional Manager, Asia Pacific, Red Sift Experts from Red Sift and SMX will be on hand at booth #B19 at AusCERT 2022 to showcase their joint DMARC managed service for enterprises. About Red Sift Red Sift enables security-first organizations to successfully communicate with and ensure the trust of their employees, vendors and customers. As the only integrated cloud email and brand protection platform, Red Sift automates BIMI and DMARC processes, makes it easy to identify and stop business email compromise, and secures domains from impersonation to prevent attacks. Founded in 2015, Red Sift is a global organization with international offices in the UK, Spain, Australia, and North America. It boasts a client base of all sizes and across all industries, including Wise, Telefonica, Pipedrive, ITV, Dominos, and top global law firms. Find out how Red Sift is delivering actionable cybersecurity insights to its global customers at redsift.com. About SMX SMX is a cyber security company with specialist expertise in email. It’s all we do. That means you get local expertise to help you secure your organisation’s email. And when you protect your email, you’re also protecting your brand reputation. For more than 17 years, our in-house development team has been delivering that to hundreds of public and private sector businesses, offering training, support and the latest in tech solutions.

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ENTERPRISE SECURITY

SecurityScorecard and Marsh McLennan Collaborate to Elevate Cybersecurity in Challenging Risk Landscape

SecurityScorecard | January 28, 2022

SecurityScorecard, the global leader in cybersecurity ratings, today announced a collaboration with Marsh McLennan, the world's leading professional services firm in the areas of risk, strategy and people, to enable organizations around the world to improve their cyber resilience. As part of the collaboration, Marsh McLennan's Cyber Risk Analytics Center will leverage SecurityScorecard's data and analytics to gain real-time cyber risk insights and define risk mitigation strategies for the Company's global client base. The companies will also collaborate on joint research aimed at increasing awareness of cyber risk and educating the market on risk management strategies. "We are excited to work with Marsh McLennan, which understands that to stay competitive, you must stay innovative," said Prashant Pai, Senior Vice President and General Manager of Strategic Initiatives at SecurityScorecard. "Given how fast the cyber risk landscape evolves, it's essential that business leaders have access to the most up-to-date and complete view of a client's cybersecurity posture." "Cyber risk evolves minute-to-minute, making it challenging to build data-driven risk management strategies,SecurityScorecard's data and analytics are a valuable addition to our proprietary insights, furthering our ability to help our clients stay on top of emerging vulnerabilities and threats that may impact their businesses." Scott Stransky, Managing Director, Marsh McLennan Cyber Risk Analytics Center SecurityScorecard continuously monitors millions of entities worldwide and non-intrusively assesses their security posture across 10 risk categories including DNS health, IP reputation, web application security, network security, leaked information, hacker chatter, endpoint security and patching cadence. About SecurityScorecard Funded by world-class investors including Evolution Equity Partners, Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 12 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard's patented rating technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting, and regulatory oversight. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every organization has the universal right to their trusted and transparent Instant SecurityScorecard rating.

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Spotlight

You understand the intricacies of today's threat landscape, and the difficulties your organization faces when attempting to prevent, investigate and remediate targeted attacks, but how do you explain that difficulty, and subsequent cost, to senior leadership? Often the best tactic is to speak to them in a language that they understand: money.

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