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Healthcare – An Industry Under Cyber-Attack

As technology advances and data volumes increase significantly, hacking techniques also become more sophisticated and pose a risk to valuable intellectual property, trade secrets, and patient health information. However, the healthcare industry has witnessed an increase in the efficacy of patient care through the use of technologies such as big data, AI, machine learning (ML), and deep learning (DL). As digital transformation takes place across the industry, there is a fundamental change in the way individuals, companies, and governments operate in accordance with the healthcare sector. Today, patients are increasingly ready to experiment in the transformative space of healthcare technology. They are more accepting of digital innovation and are trying out new concepts, such as virtual clinics, wearable medical devices, medical apps, and home-based diagnostics.

It has become essential for the healthcare industry to integrate their siloed internal processes and assess their digital maturity and digital engagement roles to derive new business models, transform the way digital trials take place, and stay ahead of the competition. The industry has turned to digitization to improve existing operations and create new opportunities, but the tradeoff will hit the industry via increased connectivity leading to increased surface attacks.

Common Cyber-Attacks in Healthcare Industry

In the life science vertical, digital solutions provide robust support for drug discovery and digital clinical trials. The vast amount of data being collected and the critical task of keeping this data safe from hackers is important for providing better treatment outcomes while maintaining patient trust.

The use of IoT devices in the healthcare industry significantly improves the quality of patient care—but at the same time, these devices also present an increased attack surface for cybercriminals. Devices that are connected to a healthcare network need to be adequately protected; relevant cybersecurity solutions include strong process design, access control/logging, antivirus, application whitelisting, version control, and intelligent threat analysis.

Major Threat Actors in Healthcare Industry

Some of the major threat actors which constantly target the healthcare industry are:

  • Advanced Persistent Threat (APT): This group of cyber attackers targets the IP and information that can be used by other domestic industries.
  • FIN12:  As reported by Mandiant, a cybersecurity provider, FIN12 is an aggressive threat actor which deploys ransomware using access to a system obtained via malware injection.
  • Conti Ransomware: First appeared in May 2020, the actor scans networks for vulnerable targets and encrypts every file it finds and infects the operating system.
  • REvil/Sodinokibi: This is highly evasive ransomware. It encrypts the files and asks for ransom in terms of bitcoins.

Other threat actors critical to the healthcare industry include CL0P, Pysa, Astrol, DoppelPaymer, Hive, LockBit, and Ragnarok.           

Cybersecurity Strategies

Healthcare cybersecurity encompasses a huge spectrum of members, including health providers, pharmaceutical companies, healthcare insurers, medical device companies, hospitals, and most importantly, patients. These entities consist of critical information such as patients’ critical health and financial information, innovative medical research data, e-medical systems, IoT connected medical devices, etc., which are at stake when the healthcare industry is under a cyber-attack. Access to such high monetary and intelligence data makes the organizations compromise their confidentiality and integrity. The most common types of cyber-attacks in the healthcare industry are malware, phishing, ransomware, and DDoS attacks. To help the healthcare organizations with such cyber-attacks, government and industry bodies have setup compliance mandates and recommendation frameworks such as:

  • Health Industry Cybersecurity Practices: Managing Threats and Protecting Patients – This is a common set of industry-led guidelines and best practices to reduce cyber risk.
  • HIPAA Security Rule – The rule is established to protect individuals’ electronic information.
  • CISA’s alert – Provides mitigation recommendations to reduce ransomware risks.

Another important aspect while ensuring complete cybersecurity across the healthcare system is endpoint security. Endpoint security management is a key aspect of a robust healthcare cybersecurity strategy. Vital technologies for endpoint security include application whitelisting, user access control, patch management, virus protection, encryption, digital signatures, and firewalling. It is challenging for healthcare organizations to keep track of everything going on in their network, which typically includes countless endpoints and device types. Endpoint devices range from medical devices, operating systems, and mobile devices to devices that operate off-network.

Benefits

Through strong cybersecurity strategies, the healthcare vertical benefits in the following ways:

  • Preservation of patient trust during PHI collection
  • Compliance with HIPAA regulations
  • Enabling every endpoint to operate as a frontline defense
  • Encouragement of due diligence and cyber hygiene
  • Elimination of preventable vulnerabilities
  • Assurance of adequate incident response capabilities

Solutions

Healthcare organizations can improve the safety of their data by implementing the following cybersecurity practices:

  • IT security skill training for employees
  • Constant monitoring of mobile and connected devices
  • Use of digital hygiene practices
  • Implementation of strict access rights for strong data usage control
  • Use of strong cryptography techniques for data transmission and storage
  • Use of firewall and antivirus software
  • Regular software updates
  • Mitigation plan for unexpected cyber incidents
  • Use of multi-factor authentication and OTP systems
  • Backups and patch management
  • Limited network access
  • Control physical access

Takeaway

Healthcare companies need to ensure that human behavior goes hand in hand with technology solutions to keep sensitive information secure. Strong security and privacy program can help establish patient trust and protect the company’s reputation. The healthcare and life sciences vertical heavily rely on technology to cure diseases. Sending, storing, retrieving, and sharing sensitive data is a major part of their everyday operations. Data is constantly exposed to security threats, and thus, every organization needs to try and prevent cyberattacks by investing in better cybersecurity solutions.

Read more on cybersecurity blogs

 

MarketsandMarkets releases 360 Quadrant’s Top Cybersecurity Companies for Q1 2022

MarketsandMarkets has released 360 Quadrant for Top Cybersecurity companies to help businesses make quicker and more informed decisions. Companies' product portfolios and business strategies are used to construct ranking quadrants, which will be revised every six months based on market and regional studies and advancements in the cybersecurity industry. Data Loss Prevention (DLP), Antivirus/Antimalware, Encryption, Identity and Access Management, Firewall, Intrusion Detection/Intrusion Prevention System (IDS/IPS), Disaster Recovery, Distributed Denial of Service (DDoS) Mitigation, and Advanced Persistent Threat (APT) protection were the top criteria for company evaluation out of 132 parameters.

Cybersecurity Software is the program used for the protection of a network, device, or any system from cyberattacks. It is concerned with preventing unwanted access to and assaults on computer systems and their components, such as hardware, software, data, and digital infrastructure. In the cybersecurity sector,

Microsoft is a top cybersecurity vendor. Microsoft Advanced Threat Analytics (ATA) assists in threat detection services. It offers a quick and easy way to figure out what is going on in the network.

Cisco Systems is an American cybersecurity vendor. Its objective is to provide a full-fledged cybersecurity platform to its large enterprise customers. The company has 300,000 security customers and protects 61 million endpoints and 840,000 networks with its solutions. Around 80% of Cisco System’s security clients start with one of four popular products, and a quarter of consumers move on to buy at least one more security product.

AWS offers enterprises enterprise-grade security and analytics tools that may provide complete visibility into application traffic. AWS Data Protection services assist organizations in protecting their data, accounts, and workloads from illegal access.

Palo Alto is an American cybersecurity vendor that provides digital-age solutions such as firewalls spanning clouds, networks, and mobile devices. Palo Alto has formed strategic alliances with prominent cloud providers, such as AWS and Microsoft Azure, making Palo Alto's solutions more available to customers and boosting customer growth. As a result of these relationships, Palo Alto has added 12,500 new customers, an average of 2,500 per quarter.

IBM safeguards the entire company network against known and new threats. It aids in the detection and prevention of sophisticated threats. McAfee, Inc. offers IT security solutions to a wide range of industrial clients. Its software and hardware prevent viruses, spam, and spyware, as well as handle data loss protection, mobile security, host intrusion prevention, encryption, and e-mail security.

CATEGORIZATION OF CYBERSECURITY VENDORS ON 360QUADRANTS

Cybersecurity software vendors’ evaluation was conducted for over 89 companies, of which the top 20 were categorized and placed in a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

Microsoft, AWS, Palo Alto, IBM, McAfee, Trend Micro, Mandiant (FireEye), Fortinet, and Cisco have been identified as visionary leaders on 360Quadrants. Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Alert Logic, Malwarebytes, Avast, OpenText (Webroot), Kaspersky, and eSentire have been identified as innovators on 360Quadrants. Innovators are those vendors that have demonstrated substantial product innovations as compared to their competitors. These companies have focused on enhancing their product portfolios.

Arctic Wolf, Code42, and Havoc Shield have been identified as emerging leaders on 360Quadrants. Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market (emerging in terms of product portfolio and geographic reach) and require time to gain significant traction in the market.

Qualys, RSA Security, and F5 Networks have been recognized as dynamic differentiators on 360Quadrants. Dynamic differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

360Quadrants Scoring Methodology

360Quadrants assessed some of the Top Cybersecurity Software providers. These vendors were assessed based on more than 120 specifically selected parameters, which were finalized based on the product and business strategies of the software providers, and the data received from the buyers as well as the industry experts. All these parameters were assigned a specific weightage, post which they were measured as well. This study also helps the analysts calculate the total score based on which cybersecurity software vendors were ranked and positioned on 360Quadrants.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats, which will impact 70% to 80% of worldwide companies’ revenues. It currently services 7500 customers worldwide, including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 full-time analysts and SMEs at MarketsandMarkets™ are tracking global high growth markets following the Growth Engagement Model – GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify the most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ is now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high-growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, "KnowledgeStore" connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

360Quadrants will also be launching quadrants in fields like 5G Network Infrastructure, Multi-Cloud Management Platform, and Data Analysis Software.

 

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

Cybersecurity Resilience in the Aerospace & Defense Sector

The Aerospace & Defense market is extremely technology-oriented, and its operations are highly digitized in nature. In the defense vertical, advancements in information technology combined with AI-based upgrades to existing weapons and surveillance & reconnaissance systems have led to increased reliance on enhanced cybersecurity solutions. The complexity of their digital systems and solutions, as well as the sensitive nature of their daily operations, make the aerospace & defense sector a viable target for cybercriminals.

Cybersecurity in the Aerospace & Defense Sector

The unprecedented evolution in technology has made the aerospace and defense industry more vulnerable to cyber-attacks. The attackers in this sector are usually a part of advanced persistent threat (APT) groups. Such groups are highly sophisticated and collect information to target the intellectual property of other nations in order to advance their own defense systems. These attackers also sell the information or the technological advancements in the global arms market as well and are therefore considered dangerous. Governments and public organizations are now investing more in cybersecurity software technology in aerospace and defense in order to improve their products & services. Preserving the autonomy of spaceflight and developing cutting-edge aviation technologies are two drivers for this increase in cybersecurity investment.

Cybersecurity investments in the aerospace & defense market are therefore increasing rapidly as nations covertly target each other for geopolitical gain. The Asia Pacific region is a key market for cybersecurity solutions as many nations from this region—Japan, India, Saudi Arabia, South Korea, and the United Arab Emirates—are working towards modernizing their military and defense capabilities with new technologies.

Challanges to Air and Defence Sector

As technology advances in the aerospace sector, it is critical to bolstering protection against cyberattacks. Any successful cyberattack in this segment could lead to the lives of millions of people being impacted negatively. With this in mind, many governments are investing in new technologies such as blockchain to strengthen their security stance. Governments are also taking steps to thwart illegal access to their advanced weaponry and related information by incorporating blockchain technology into existing data systems.

It is evident that the aerospace and defense industry heavily relies on the usage of huge chunks of data. Big Data analytics aids the aerospace industry by analyzing and advancing real-time mission-critical data. Data accuracy and reliability are essential for quick decision-making are critical and hence need to be incorporated efficiently into the defense applications.

A major challenge in the aerospace & defense segment is its complex and highly distributed supply chain. The high interdependence between supply chain components leads to easy accessibility for multiple organizations, and any leak could weaken the entire supply chain. A single well-executed cyberattack could disrupt the entire system.

Emerging Cyber Threats

In the aerospace and defense industry cyber-attacks such as WannaCry and NotPetya have been well known because of the vulnerabilities caused via software and airline platforms. Some of the common cyber threats currently include ransomware attacks, phishing attacks, insider threats, DDoS attacks, and Advanced Persistent Threats (APTs). These cyber-attacks steal critical information on budget, equipment maintenance records, product designs, production processes, personally identifiable information, etc. The aircraft systems which are most vulnerable to cyber-attacks are:

  • Flight Maintenance System
  • Navigation System
  • Aircraft Communications Addressing and Reporting Systems
  • In-Flight Entertainment Devices
  • Aircraft IP Networks
  • Digital Air Traffic Controls
  • Traffic Management Systems
  • Screen and Audio Capture
  • Attack on command-and-control infrastructure

Growth Initiators for Cybersecurity in Defense Sector

Following are the key factors for the growth of cybersecurity solutions in the defense sector:

  • Investments in cloud security solutions for advanced battlefield management
  • Data protection
  • Wireless security solutions
  • Network security
  • Use of Zero Trust Approach
  • Re-embracing the usage of digital twin technology to strengthen cyber resilience
  • Investments in R&D to improve cybersecurity frameworks with improved communication standards such as 5G

The major goal of the defense sector is to ensure the security of the country, its civilians, enterprises, infrastructure, and government authorities. To meet this goal, the sector is heavily regulated and is currently dominated by giant multinationals under intense scrutiny from governments. Its systems are widespread and require cybersecurity solutions that are immune to the ever-growing threat of large-scale cyberattacks.

Takeaway

Most nations have realized the potential threats of compromised defense networks and are therefore rapidly transitioning from network edge defense to data defense. For instance, The US Air Force is aggressively incorporating the Zero Trust Approach (ZTA) to protect its data and improve mission agility and mobility. The ZTA is based on open-source container-orchestration systems such as Kubernetes to improve cybersecurity across automated systems.

The dependency on the Internet by the aerospace & defense sector has increased, and so has the frequency of sophisticated and organized cyberattacks. Therefore, these organizations should focus on advanced cloud computing solutions, operating systems, and virtual machine technologies aided by highly reliable and unbreachable software systems that mitigate cyberattacks from malicious elements.

Read more on cybersecurity blogs

 

MarketsandMarkets releases 360 Quadrant’s Top Cybersecurity Companies for Q1 2022

MarketsandMarkets has released 360 Quadrant for Top Cybersecurity companies to help businesses make quicker and more informed decisions. Companies' product portfolios and business strategies are used to construct ranking quadrants, which will be revised every six months based on market and regional studies and advancements in the cybersecurity industry. Data Loss Prevention (DLP), Antivirus/Antimalware, Encryption, Identity and Access Management, Firewall, Intrusion Detection/Intrusion Prevention System (IDS/IPS), Disaster Recovery, Distributed Denial of Service (DDoS) Mitigation, and Advanced Persistent Threat (APT) protection were the top criteria for company evaluation out of 132 parameters.

Cybersecurity Software is the program used for the protection of a network, device, or any system from cyberattacks. It is concerned with preventing unwanted access to and assaults on computer systems and their components, such as hardware, software, data, and digital infrastructure. In the cybersecurity sector,

Microsoft is a top cybersecurity vendor. Microsoft Advanced Threat Analytics (ATA) assists in threat detection services. It offers a quick and easy way to figure out what is going on in the network.

Cisco Systems is an American cybersecurity vendor. Its objective is to provide a full-fledged cybersecurity platform to its large enterprise customers. The company has 300,000 security customers and protects 61 million endpoints and 840,000 networks with its solutions. Around 80% of Cisco System’s security clients start with one of four popular products, and a quarter of consumers move on to buy at least one more security product.

AWS offers enterprises enterprise-grade security and analytics tools that may provide complete visibility into application traffic. AWS Data Protection services assist organizations in protecting their data, accounts, and workloads from illegal access.

Palo Alto is an American cybersecurity vendor that provides digital-age solutions such as firewalls spanning clouds, networks, and mobile devices. Palo Alto has formed strategic alliances with prominent cloud providers, such as AWS and Microsoft Azure, making Palo Alto's solutions more available to customers and boosting customer growth. As a result of these relationships, Palo Alto has added 12,500 new customers, an average of 2,500 per quarter.

IBM safeguards the entire company network against known and new threats. It aids in the detection and prevention of sophisticated threats. McAfee, Inc. offers IT security solutions to a wide range of industrial clients. Its software and hardware prevent viruses, spam, and spyware, as well as handle data loss protection, mobile security, host intrusion prevention, encryption, and e-mail security.

CATEGORIZATION OF CYBERSECURITY VENDORS ON 360QUADRANTS

Cybersecurity software vendors’ evaluation was conducted for over 89 companies, of which the top 20 were categorized and placed in a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

Microsoft, AWS, Palo Alto, IBM, McAfee, Trend Micro, Mandiant (FireEye), Fortinet, and Cisco have been identified as visionary leaders on 360Quadrants. Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Alert Logic, Malwarebytes, Avast, OpenText (Webroot), Kaspersky, and eSentire have been identified as innovators on 360Quadrants. Innovators are those vendors that have demonstrated substantial product innovations as compared to their competitors. These companies have focused on enhancing their product portfolios.

Arctic Wolf, Code42, and Havoc Shield have been identified as emerging leaders on 360Quadrants. Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market (emerging in terms of product portfolio and geographic reach) and require time to gain significant traction in the market.

Qualys, RSA Security, and F5 Networks have been recognized as dynamic differentiators on 360Quadrants. Dynamic differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

360Quadrants Scoring Methodology

360Quadrants assessed some of the Top Cybersecurity Software providers. These vendors were assessed based on more than 120 specifically selected parameters, which were finalized based on the product and business strategies of the software providers, and the data received from the buyers as well as the industry experts. All these parameters were assigned a specific weightage, post which they were measured as well. This study also helps the analysts calculate the total score based on which cybersecurity software vendors were ranked and positioned on 360Quadrants.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats, which will impact 70% to 80% of worldwide companies’ revenues. It currently services 7500 customers worldwide, including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 full-time analysts and SMEs at MarketsandMarkets™ are tracking global high growth markets following the Growth Engagement Model – GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify the most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ is now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high-growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, "KnowledgeStore" connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

360Quadrants will also be launching quadrants in fields like 5G Network Infrastructure, Multi-Cloud Management Platform, and Data Analysis Software.

 

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

Zoey — High-End B2B Ecommerce Platforms

For B2B and wholesale organizations, Zoey is a strong commerce platform. It is a SaaS-based B2B eCommerce solution for small and medium-sized enterprises that lets wholesalers, franchisees, and distributors take orders on any device, at any time. Zoey is a best-in-class solution that blends great B2B features with current B2C capabilities. Quote creation, customer groups, access limitations, rapid order capabilities, and more Zoey B2B features are available. Merchants can also use B2C-standard features to help their customers’ self-serve basic demands like reordering, order status, and account management. On any device, the Zoey mobile app allows you to check up information and place orders at any time.

Zoey – High-End B2B Ecommerce Platforms

Zoey is a lesser-known ecommerce solution than some of its competitors, but it has a lot of useful features. Most of the North American Companies use Zoey’s services for B2B and wholesale transactions.

Zoey is a mobile software that allows B2B enterprises to accept orders, produce sales quotes, and look up product and pricing info while on the road. The software also includes a self-service order site for buyers to place web orders. The Best eCommerce Platforms assist businesses in creating websites that increase visibility to current and new consumers.

Zoey is distinct from some of the other market-leading platforms because it is specifically developed for B2B. Zoey has you covered if you want to take orders online, on any device, at any time. You may set up a web-based environment to allow customers to serve themselves online, as well as a Zoey Android or iPhone app to assist you access information no matter where you are.

The Zoey eCommerce platforms is not specifically designed for startups. Its extensive features are only suitable for B2B companies who have already made a name for themselves before moving to Zoey. Zoey can service advanced small businesses as well as their mid-sized B2B counterparts with ease. We can dig deeper into the types of ecommerce platforms you can create using Zoey and what makes it so appealing.

Customer Management

Zoey has implemented a variety of customer management techniques. For starters, Zoey has a Request-a-Quote feature that allows you to submit possible orders for assessment and quotation. It essentially allows customers to create draft orders, which are subsequently fine-tuned by customer service teams to set all critical factors such as cost and shipping. By restricting visitor access to certain site features and items, you can manage what your prospects can view and order.

Customer segmentation is another service offered by Zoey. You may provide customized buying experiences by categorizing clients into different groups. This applies to every step of the process, including product display, pricing, order volume, payment, and shipment.

If you sell both B2B and B2C, this feature will come in handy for customizing experiences for each group of purchasers, such as frequent consumers and businesses. When it comes to B2B buyers, they prefer to order in bulk. In fact, one of the main reasons why B2B outsells B2C in terms of sales volume is because of this.

Zoey’s Mobile App for iOS 3.0

The Zoey mobile sales rep app is designed to allow salespeople to work on any device, at any time. The new iOS 3.0, Zoey improves the salesperson experience by adding more functionality to the Zoey App, making it easier to create and manage Drafts, Quotes, and Orders. It is designed to function in tandem with Zoey Web and Zoey Admin’s new drafting capabilities.

One can now convert a Quote to an Order within the App, in addition to converting a Draft to a Quote or Order on the Zoey Admin and Web.  Before converting to order, you can also edit Quotes on the App to make any necessary changes. Quotes and Orders can be deleted as needed from the App.

Zoey supports multiple currencies, languages, and packaging options. When seeking information or creating orders on behalf of their customers, salespeople can use the same tools. In addition, Zoey included Multi-Packaging capability, allowing orders in amounts determined by your company’s varied packaging scenarios.

Salespeople can use the Zoey App to search for products based on their qualities. Other data management improvements made by Zoey App include sales reps being able to mark Default Addresses for Accounts to speed up order creation. They can also update the Sales Reps associated with Accounts (with the Account Owner’s approval).

Integrations

Zoey has over 100 interfaces with the most common business systems, ensuring that data can be obtained in the most efficient manner possible at all times. Zoey has a library of pre-built apps and connections that allow it to connect to a variety of powerful technologies. Subscriptions, POS, marketing, inventory management, accounting, and payment processing are only a few of the major areas. There are more than 30 payment processing alternatives available. Google, Facebook, eBay, and Amazon are just a few of the important sites that can be integrated with Zoey.

The Zoey REST API allows you to manage a variety of functionalities, including customer management, customer addresses management, product management, sales order retrieval, and inventory management. It authenticates the application to access the Zoey service using the three-legged OAuth 1.0a protocol. The response formats supported by the Zoey API are XML and JSON.

The Zoey REST API has four verbs to manage resources: GET, POST, PUT, and DELETE. One can use HTTP GET to get the data’s contents, HTTP DELETE to delete the data, and POST/PUT to create or edit the data. Customers, customer addresses, sales orders, inventory, and goods may all be managed via the Zoey REST API.

The Zoey Platform also includes features that allow businesses to create websites that improve visibility for current and potential customers. Zoey blends the anticipated capabilities that buyers normally expect from an online commerce Platform with B2B capabilities that are meticulously crafted. Zoey will assist you with integrating with some of the industry’s most popular platforms –

Oracle NetSuite and Zoey

Zoey makes it simple to receive online orders from customers and for salespeople to create orders on their behalf, all within a solution that works seamlessly with NetSuite as your data hub. Zoey assists you in getting up and running quickly by making it simple to set up your different business rules, such as customer segmentation around pricing, catalogue, and more, as well as linking to your NetSuite installation to transfer data seamlessly between the two platforms.

Salesforce and Zoey

Any Salesforce object may be mapped to Zoey products, orders, customers, or quotes with the Zoey Salesforce connector. It allows you to control the direction and timing of synchronization. Salesforce Relational and Formula fields are supported. Users may synchronize and regularly update product prices and inventory from Salesforce to Zoey, as well as create new goods from Salesforce in Zoey.

Zoey is a QuickBooks Online user

Zoey makes it simple to accept online orders from customers and for salespeople to create orders on their behalf, all within a solution that integrates seamlessly with QuickBooks Online as your accounting software. Zoey assists you in getting up and running quickly by making it simple to set up your various business rules, such as customer segmentation around pricing, catalog, and more, and linking to your QuickBooks Online account to transfer data seamlessly between the two platforms.

 
 

Top 10 Best Cybersecurity Companies in the World

To maintain the internet era orderly and safe for consumers, the necessity for cybersecurity has grown. Data, information, and entire enterprises are protected by cybersecurity solutions from cyber thieves, fraudsters, and dangerous hackers. The top cybersecurity companies available for hire now are listed below. These businesses may be able to assist you in protecting your company’s networks and systems.

World’s Top 10 Best Cybersecurity Companies in the Market: By Revenue

  1. Cisco Systems, Inc.
  2. Microsoft Corporation
  3. Palo Alto Networks
  4. IBM
  5. McAfee
  6. Oracle Corporation
  7. Juniper Networks
  8. Fortinet
  9. Synopsys
  10. CyberArk

1. Cisco Systems Inc

Revenue US$49.3 Billion

Cisco Systems is an American multinational technology business that develops and sells network and telecommunications hardware, as well as other innovative goods. Domain security, Internet of Things, and energy-related services are among the company’s specialties. Cisco cybersecurity solutions are tailored for small and medium-sized businesses, with a high detection rate of malware, exploits, and evasions, and the ability to identify 100% of attacks in under five minutes. Cisco Start is a modular security suite that protects the cloud, networks, and endpoints. Cisco Umbrella, for example, is a cloud-based security solution that serves as a first line of defence against malware and other cyber threats. It makes use of the Internet’s interface to eliminate dangers before establishing a secure connection. Small and medium businesses can benefit from Cisco Meraki MX Security Appliances’ Unified Threat Management (UTM) solution. Before, during, and after a cyberattack, AMP Solutions defends businesses and organisations.

2. Microsoft Corporation

Revenue US$143.02 Billion

Microsoft is an American technology corporation that offers a comprehensive set of security, identity, and cybersecurity services. The services encompass strategy, planning, implementation, and support for a wide range of Security and Identity services. These services are designed to help businesses implement security solutions that align with their objectives. Microsoft Security Risk Assessment (MSRA) was created to assist businesses in overcoming problems and assessing the efficacy of security strategies deployed through a thorough review of the defence-in-depth concept, which is the use of layered defences.

3. Palo Alto Networks

Revenue US$3.4 Billion

Palo Alto Networks, Inc. is one of the renowned cybersecurity vendors situated in the United States that provides innovative firewalls and cloud-based security services. Palo Alto Networks’ automated delivery of upgraded security solutions across cloud and network infrastructure helps enterprises detect and mitigate successful intrusions. Palo Alto Networks, along with McAfee, Fortinet, and Symantec, created the ‘Cyber Threat Alliance’ in 2014, a non-profit organisation aimed at increasing collaboration and partnerships amongst cybersecurity businesses through the sharing of cyber threat intelligence. In 2019, the business launched the K2-Series, a 5G-ready next-generation firewall intended exclusively for telecom service providers and built with 5G and IoT infrastructure in mind. Cortex, a continuous security platform based on Artificial Intelligence (AI), was introduced the same year.

4. IBM

Revenue US$76.2 Billion

IBM Corporations is a multinational corporation headquartered in the United States that specialises in cloud computing, artificial intelligence, and other innovative technology. IBM has one of the most comprehensive portfolios of security consulting and managed services. Large companies can benefit from IBM Security Services’ top-notch assessments and security policies, including zero trust. IBM Security Services assists enterprises and organisations in assessing and analysing risks, improving resources, accelerating threat detection and response, and bolstering security priorities to accelerate business transformation. To detect and respond to cyber threats in real time and quickly, IBM uses Artificial Intelligence, Machine Learning, and Watson.

5. McAfee

Revenue US$2.90 Billion

McAfee Corp., situated in California, is one of the world’s most well-known network security provider. McAfee specialises in digital security software for personal PCs, servers, and mobile devices. McAfee IntruShield, currently known as McAfee Network Security Platform, is a network-based intrusion prevention sensor appliance that is primarily used to protect against zero-day attacks, denial-of-service assaults, spyware, and malware threats. McAfee LiveSafe includes features such as antivirus, firewall, anti-spyware, and anti-ransomware. It provides sophisticated security solutions that identify, protect, and eradicate threats on any device. Advanced Cyber Threat Services from McAfee assist enterprises in defending against potential threats, developing effective security strategies, and safeguarding essential and valuable data.

6. Oracle Corporation

Revenue US$39.07 Billion

Oracle Corporation is a multinational computer technology firm based in California that produces and distributes database software and technologies, cloud-based systems, and database development and system tools. Oracle’s security solutions in the cloud and on-premises architecture provide increased protection for valuable and sensitive data. Oracle Cloud Infrastructure provides enterprises with cloud-based solutions with increased security to assist them safeguard their infrastructure, apps, and data from cyber threats and attacks. Furthermore, these solutions comply with the General Data Protection Regulation of the European Union and the California Consumer Privacy Act. Businesses are protected by Autonomous Database and Oracle Cloud Infrastructure’s always-on encryption and ongoing monitoring of user behaviour.

7. Juniper Networks

Revenue US$4.44 Billion

Juniper Networks Inc is a multinational firm based in the United States that develops and manufactures networking devices and is a global leader in Artificial Intelligence networking and cloud-based services. Through its extensive spectrum of products and services, Juniper security products provide better visibility, intelligence, and enforcement. To extend security across every endpoint in the network, services include next-generation firewalls for on-premises and cloud architecture, advanced threat prevention, threat intelligence, management and analytics, and security analysis. Juniper vSRX Virtual Firewalls provide AWS, Google Cloud, Azure, IBM Cloud, and Oracle Cloud systems with a high level of flexibility, effectiveness, and better performance.

8. Fortinet

Revenue US$2.59 Billion

Fortinet is an American multinational firm that provides protection to the world’s major corporations, service providers, and government agencies. Fortinet provides highly intelligent, seamless defence against a wide range of threats. The Fortinet Security Fabric architecture provides security that addresses important security concerns and is one of the industry’s most high-performing cybersecurity solutions. It is supported by FortiOS and is developed specifically for a broad threat surface to provide enterprises with increased and integrated security to secure and streamline their IT backbone. It continuously evaluates risks and adjusts automatically to provide complete real-time protection over the cyberattack surface.

9. Synopsys

Revenue US$3.69 Billion

Synopsys is an electronic design automation firm based in the United States that specialises in software security and quality. Throughout the application life cycle, Synopsys products assist enterprises in successfully managing security and quality issues. It helps businesses to implement an enterprise wide AppSec programme that ensures personnel, processes, and technologies are prepared to fight against cyber threats and assaults on the software they use.

10. CyberArk

Revenue US$343 Million

CyberArk, situated in Massachusetts, is a publicly traded network security service provider. It provides Privileged Account Security, which is widely used in financial services, retail, healthcare, and government markets. CyberArk Blueprint is a sophisticated tool for creating highly configurable security roadmaps that are simple to use and implement, resulting in improved security against threats and assaults. CyberArk announced advancements to its CyberArk Identity Security Platform in June 2021, including Dynamics Privileged Access, Lifecycle Management for Privileged Users, and new SaaS offerings such as Secure Web Sessions, which adds safety and security to browser-based applications that are vulnerable to breaches.

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like 5G Network Infrastructure, Multi-Cloud Management Platform, and Data Analysis Software.

 

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

Fastest Growing Cybersecurity Companies

In today’s technologically advanced world, cybersecurity decreases the dangers of data breaches and company exposure to cyber-attacks. It protects data and processes by preventing sensitive information from being exposed and mitigating cyber threats. Cybersecurity vendors play an important role in driving business resilience because they protect you against data theft, breaches, and other threats. Innovative security measures, real-time detection, artificial intelligence (AI)-powered risk assessment, and more are used by these firms to defend against sophisticated cyberattacks. Let’s look at the top cybersecurity companies that will be the fastest growing in 2022.

1. Fortinet

Sunnyvale, California is the headquarters of Fortinet. With offices in 60 countries, including Germany, India, France, Austria, Thailand, and Korea, the corporation has a global presence. Fortinet was formed in 2000 with the goal of providing comprehensive end-to-end security solutions. It has been renowned for its physical firewalls, antivirus software, intrusion prevention system, and endpoint security components. It creates specialised security processing unit (SPU) technologies for its clients in order to improve performance and lower costs.

The following core products and services are provided by Fortinet:

  1. To enable safe applications and communication from the data centre to the cloud, Fortinet Adaptive Cloud Security Solutions provides visibility and control across a variety of cloud cybersecurity architectures.
  2. Built on FortiOS, the Fortinet Security Fabric is a high-performance comprehensive cybersecurity mesh platform with seamless operability for threat detection and prevention.
  3. Fortinet’s threat intelligence and research teams have merged to become FortiGuard Labs, which aims to provide clients with a holistic threat intelligence solution.

What distinguishes Fortinet from the competition:

It uses advanced artificial intelligence (AI) and machine learning (ML) technologies to process and assess over 100 billion events per day, providing patrons with actionable real-time danger intelligence. Fortinet’s cutting-edge cybersecurity solution is made possible by the combination of FortiOS, purpose-driven SPU technology, and AI-enabled threat intelligence.

2. McAfee

McAfee is based in San Jose, California, and the company maintains operations in Argentina, Australia, Brazil, Canada, China, the United Kingdom, Japan, and France. McAfee is a well-known leader in the field of cyber security. McAfee Associates Inc. was the company’s first name. Consumers and businesses are well-protected because to the company’s integrated, user-friendly services. Award-winning anti-virus software and a clever virtual private network (VPN) are among the company’s highlights.

The following core products and services are provided by McAfee:

  1. McAfee WebAdvisor is a free service that protects consumers from online risks such as malware and phishing.
  2. The McAfee Virus Removal Service is a remote infection removal service that allows users to connect with a McAfee security professional over the phone or online, who then remotely accesses and repairs virus damage.
  3. McAfee Total Protection is a unified protection system that includes an antivirus, secure surfing, identity monitoring, and VPN for personal consumer information and privacy.

What distinguishes McAfee from the competition:

McAfee’s transparent, proactive, and intelligence-driven approach to device-to-cloud security has won them a global reputation for a wide range of use cases.

3. Check Point

The company has it headquarter in Tel Aviv, Israel, and it maintains operations in 45 countries. This American Israeli firm is best known for Check Point Infinity, an integrated cybersecurity solution that spans cloud, networks, endpoints, mobile, and IoT.

The following core products and services are provided by Check Point:

  1. Check Point Quantum Network Security provides dynamic protection against five types of cyberattacks spanning enterprise cloud, networks, data centres, IoT, and remote users with its Check Point Quantum Network Security product.
  2. From DevOps to operations, integrated cloud-native security for assets and workloads.
  3. Check Point Harmony, which provides unified security for hyper-distributed workplaces, is designed to be an enterprise’s first line of defence.

What distinguishes Check Point from the competition:

Check Point uses AI-based threat intelligence and prevention technologies, unified security management, and cloud security automation to help businesses protect themselves against rising cyberattacks. The company is on this list because of its reputation for offering the world’s most demanding data centres with the fastest firewall at a cheap price.

4. Palo Alto Networks

Palo Alto Networks is based in Santa Clara, California, in the United States. It has offices in 37 different countries throughout the world. It has 57 offices around the world, in addition to its headquarters in Santa Clara. The company was established in 2005. Its main technology offers network and cloud security to businesses. It features sophisticated security access service edge (SASE) offerings and offers comprehensive threat consulting services. It builds on his experience as a lead developer of the world’s first intrusion detection system (IPS).

The following core products and services are provided by Palo Alto Networks:

  1. Prisma SD-WAN is the company’s all-in-one network security and performance optimization solution.
  2. It provides a variety of network security solutions, such as Kubernetes security, firewalls, and cloud-based security services.
  3. Extended detection and response (XDR), Security Orchestration, Automation and Response (SOAR), and other tools make security operations easier.

What distinguishes Palo Alto Networks from the competition:

Palo Alto Networks’ Okyo Garde is a one-of-a-kind hardware device that offers enterprise-grade protection to users’ homes in WFH settings. The firm has a global footprint and specialises in consulting services such as threat assessments and security programme design.

5. Rapid7

Rapid7 is based in Boston, Massachusetts, United States. The company has 13 locations in ten countries throughout the world. The company was established in the year 2000. Rapid7 offers a variety of cybersecurity intelligence and compliance products. This includes cloud-based solutions, on-premise vulnerability management, penetration testing, and many other services.

The following core products and services are provided by Rapid7:

  1. Rapid7’s Metasploit is a widely used tool for penetration testing.
  2. Nexpose is a vulnerability scanner from Rapid7 that allows you to detect and fix problems on your own network.
  3. The company’s flagship Insight Platform provides businesses with all the tools they need to identify danger vectors, detect suspicious behaviour, and respond quickly.

What distinguishes Rapid7 from the competition:

Metasploit, the company’s community edition product, is one of the world’s most popular penetration testing and ethical hacking tools. Rapid7 also offers premium support services for the Insight Platform, which is a 360-degree solution for enterprise monitoring and security.

6. Trend Micro

Trend Micro’s headquarters are in Shibuya, Tokyo, Japan. It has three other offices in Japan and 68 offices in 42 countries globally, in addition to Shibuya City. In 1998, the company was established. Trend Micro offers a variety of security devices for both home and business use. Hybrid cloud security, network security, user protection, and threat detection and response are among the company’s four major solution buckets. It also provides customised IoT and risk management solutions.

The following core products and services are provided by Trend Micro:

  1. Trend Micro Cloud One is a security services platform for businesses who build apps on the cloud.
  2. Antivirus software, internet security, password management, and mobile protection systems are among its security products for home usage.
  3. It offers a variety of network defence and end-user protection solutions.

What distinguishes Trend Micro from the competition:

Trend Micro is one of the few cybersecurity vendors that offers solutions for Internet of Things (IoT) environments. It provides specialised services that aid in the protection of smart car ecosystems. It also provides a platform for enterprise users to protect 5G networks.

7. Mimecast

Mimecast’s headquarters are in London, United Kingdom. The organisation has 14 offices in nine countries, in addition to London. Mimecast was established in the year 2003. Microsoft settings, notably Microsoft Office 365 and Microsoft Exchange, can benefit from the company’s cloud-based email security. AI cybersecurity solutions, domain-based message authentication reporting and conformance (DMARC) analysers, and threat intelligence are among the company’s other offerings.

The following core products and services are provided by Mimecast:

  1. Its key solutions include email and web security, and it defends businesses from spear-phishing, malware, spam, and zero-day threats.
  2. It also aids in the training of security awareness.
  3. Through threat intelligence and an API environment, it assists in the optimization of existing cybersecurity solutions.

What distinguishes Mimecast from the competition:

Mimecast is one of the only significant cybersecurity service provider that sells to small businesses. Its solutions for businesses with fewer than 50 employees are robust, comprehensive, and cost-effective. Mimecast was named the winner of the CRN Tech Innovator Award in the Email Security category in 2021.

8. CrowdStrike

The company’s headquarter is in Sunnyvale, California, United States. It also has offices in the United States, the United Kingdom, Japan, India, Australia, and Romania. In 2011, CrowdStrike was established. It focuses on next-generation cyber threat removal, response and recovery services, and cloud workload security. It’s also pushed out tools for digital risk monitoring, vulnerability assessment, and automated malware analysis to assist businesses stay ahead of cyber threats. In order to bolster their data security and Falcon protection measures, the corporation purchased three companies in 2020.

The following core products and services are provided by CrowdStrike:

  1. Falcon X allows for digital risk monitoring, as well as situational awareness and quick protection against digital threats.
  2. Falcon XDR is a premium endpoint solution that provides multi-platform telemetry, cross-platform attack indicators, and threat analysis in a single package.
  3. Its container security product provides total insight into container environments, which secures cloud-native applications.

What distinguishes CrowdStrike from the competition:

To protect against breaches, hacks, and ransomware, CrowdStrike offers a single-agent solution. It offers completely managed services while removing the need for on-premises infrastructure by combining technological excellence with deep security experience.

9. Zscaler

Zscaler’s headquarters are in San Jose, California, United States. It has 24 offices in 14 different countries. In 2007, the company was established. Zscaler primarily serves businesses with 10,000 or more employees in the United States. It offers businesses a cloud-based security platform that is founded on zero-trust concepts.

The following core products and services are provided by Zscaler:

  1. Zscaler B2B aided businesses in providing seamless B2B customer experiences while maintaining security.
  2. It offers zero-trust network access for both private and corporate applications.
  3. It provides deception technologies to hook and prevent skilled attackers.

What distinguishes Zscaler from the competition:

Its cybersecurity solutions are based on the Zscaler Zero Trust Exchange, a cloud-based architecture that allows for least-privileged access across 150 data centres across the world. The data is co-located within a defined data centre ecosystem, and access decisions are made depending on the user’s current environment.

10. CyberArk

The headquarters of CyberArk are in Newton, Massachusetts, United States. It also has 22 offices in 15 other countries. CyberArk is a leading provider of identity-based security solutions, specialising in the identity and access management (IAM) market. It simplifies privileged access management for financial services, energy, retail, healthcare, and government organisations.

The following core products and services are provided by CyberArk:

  1. Its access-related services enable customers and employees maintain identity-based security.
  2. The Conjur Secrets tools from CyberArk assist protect credentials used by apps, scripts, and other non-human identities.
  3. It provides solutions for cloud entitlement, endpoint privilege, and vendor privilege management.

What distinguishes CyberArk from the competition:

CyberArk provides open-source secret management software that might be quite useful for developers that are working on privacy-sensitive apps. The CyberArk blueprint can help businesses streamline their deployment and increase their chances of success. For security use cases, CyberArk also offers robotic process automation (RPA) and bots.

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

 

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

 

Top 15 AI-enabled cybersecurity companies in 2022

Technology advancements are fueled by severe competition, which forces every supplier to include new ideas to stay ahead of the competition. As more new and innovative businesses enter the market, the demand for new approaches grows even more. Cybersecurity is a very busy topic right now, with new approaches and attack protection strategies sprouting daily. Artificial Intelligence (AI) has begun to appear in a variety of IT products, including cybersecurity, as a result of the advancement of AI methodologies. At the forefront of cybersecurity, an elite group of forward-thinking companies are using artificial intelligence (AI) in their products to defeat attackers and win clients.

The integration of cutting-edge technology like artificial intelligence and computer vision into IoT devices has resulted in a huge increase in cybersecurity measures. Several top cybersecurity companies are gaining traction in the fight against corporate intrusions. Various cybersecurity vendors that use artificial intelligence to defend internet-connected systems or other IoT devices exist. Artificial intelligence and machine learning can enhance a company’s cybersecurity by constantly monitoring for suspicious activity and resolving the problem before it becomes a big issue. To beat attackers and attract customers, an elite group of inventive cybersecurity companies is incorporating artificial intelligence into their products.

 

The leading AI cybersecurity vendors

The cybersecurity sector has been changed by machine learning and flexible workflows. Here are the specifics on how each of the key players is contributing to this progress –

  1. FireEye
  2. Fortinet
  3. Webroot
  4. Check Point
  5. Darktrace
  6. Sophos
  7. Cylance
  8. Symantec
  9. CrowdStrike
  10. Vectra
  11. SAP National Security Services, Inc. (SAP NS2)
  12. Vade Secure
  13. Cynet
  14. Callsign
  15. Blue Hexagon
  16. FireEye

FireEye, which was founded in 2004, delivers threat intelligence technology that provides context and prioritizes attacks, allowing it to proactively protect against future threats. Threat detection, prevention, and response are all part of FireEye’s comprehensive platform of services and intelligence. The company has expanded into the manufacture of cybersecurity technologies that employ AI to monitor networks and discover anomalies as a result of innovation and acquisitions. This strategy, together with the transition from a fee-based to a subscription-based Software-as-a-Service model, has made the company profitable and changed what was beginning to appear to be an overvalued novelty into a sought-after investment. To protect customers from cyber-attacks, FireEye now offers a full portfolio of security solutions, intelligence, and services.

Fortinet, founded in California, combines automated, self-healing networks with Al-driven security for quick and efficient operations. Fortinet’s AI capabilities include analyzing billions of cyber-attacks and sending intelligence based on that analysis to its clients via its FortiGuard Labs. FortiWeb, their AI-based firewall, detects threats with unprecedented precision using machine learning and two levels of statistical probabilities.

The Fortinet Security Fabric platform protects many of the world’s major enterprises, service providers, and government agencies. As the security fabric’s core analytical engine, the business created an AI-based Self-Evolving Detection System (SEDS). To be able to activate automatic defense operations to block any detected threats, the defense mechanism needs access to network resources such as firewall rules and operating systems.

Webroot uses artificial intelligence to block zero-day threats in real-time, offering threat intelligence to businesses around the world and endpoint and network protection. The company uses AI to combat phishing assaults and malware, particularly JavaScript malware, as well as other online threats such as botnets. To broaden its awareness of the threat landscape, Webroot’s machine learning capabilities provide greater insight into why particular attacks are problematic.

Other phishing solutions exist to detect a phishing site; many of them are based on metadata or URLs, relying on the classic list-based approach. To detect a phishing site, other organizations look for patterns in the URL. Webroot’s phishing solution, on the other hand, works in real-time, allowing it to open the URL and stop it there.

  • Check Point

Check Point is a renowned cyber security solution supplier. Intellistore, Check Point’s fully customizable platform, is one of the most comprehensive and easy single-point control systems available, allowing users to select real-time threat intelligence that best meets their needs. This Israeli firm has long been a pioneer in the application of artificial intelligence in cybersecurity. Check Point provides its customers with the option of customizing threat intelligence received via the IntelliStore platform, allowing for customized security tailored to the needs of the business.

Rather than developing a single AI-based threat management product, the company invested in three AI-driven platforms that support several of the company’s major services. Campaign Hunting, Huntress, and Context-Aware Detection are three of them (CADET). Campaign Hunting is a centralized service that provides the most up-to-date attack vectors and mitigation techniques to client-site threat detection systems. The Huntress AI-based system analyses the performance and behavior of the software in question and communicates any irregularities to Check Point’s central system. The CADET AI engine collects event data in real-time, allowing attackers to prevent attack paths that exploit seemingly unrelated resources at the same time. The threat database is fine-tuned by CADET’s unsupervised machine-learning function, which reduces debilitating false positives. It establishes a digital security analyst and immediately initiates preventative measures.

  • Darktrace

Darktrace, based in the United Kingdom, was created by mathematicians in 2013. Thousands of firms across a wide range of industries have used Darktrace’s technologies to battle cyber-attacks in real-time. Darktrace’s services include machine learning-based analysis of real-time company data. This enables the study of any variations from normal behavior that could indicate that a company’s system is in jeopardy. Darktrace detects and neutralizes threats across networks, the cloud, and IoT using self-learning AI.

With its Enterprise Immune System and Darktrace Antigena systems, Darktrace uses artificial intelligence to identify a wide range of threats at their early stages, including cloud-based vulnerabilities, insider attacks, and state-sponsored espionage. Enterprise Immune System serves as a foundation for all of the company’s cybersecurity offerings. EIS employs AI techniques and uses unsupervised machine learning to populate status rule bases.

  • Sophos

Sophos, based in the United Kingdom, offers a diverse range of innovative solutions and services to protect users, networks, and endpoints against ransomware, malware, exploits, and phishing. Sophos is a global leader in cybersecurity solutions for the next generation. SophosLabs and SophosAI provide threat intelligence, AI, and machine learning for this portfolio. Intercept X for endpoint protection and the XG Firewall for network protection are the two key AI-based Sophos products.

Intercept X employs artificial intelligence to eliminate the requirement for a centralized threat database. A deep learning neural network developed by Invincea, which was acquired by Sophos in February 2017, is at the heart of the service. This software keeps track of normal behavior on the protected device and sends out notifications when something unusual happens. When exploits and viruses are found, Endpoint Detection and Response (EDR) sets in motion workflows and actions to shut them down and isolate them. The XG firewall is a network hardware device. Its dashboard provides information on current network events and traffic, but its real value is in its automated response mechanisms, which enforce security without the need for human participation.

  • Cylance

Cylance, a BlackBerry Limited division, is said to be the first cybersecurity protection provider to use artificial intelligence in its system. Malware, file-less attacks, and zero-day payload attacks are among the dangers that BlackBerry Cylance’s AI security technology safeguards against.

All of Cylance’s products include artificial intelligence. Cylance Protect, Cylance Optics, Cylance Threat Zero, and Cylance Smart Antivirus are the company’s primary offerings. Endpoint security is provided by Cylance Protect. Essentially, this is an AI-based anti-malware solution that searches for changes in patterns of activity on the device rather than relying on an AV provider’s threat list transmitted via the internet. This technology not only monitors activity, but it also restricts access to the device. Cylance Optics is Cylance Protect’s corporate version. Cylance Threat Zero is the company’s consulting branch. Another AI-based antivirus product that is ideal for home users and small companies is Cylance Smart Antivirus.

  • Symantec

Symantec, currently known as NortonLifeLock, assists a wide spectrum of enterprises in protecting their infrastructures against threats. Symantec has used artificial intelligence (AI) to broaden its threat detection and prevention efforts. Symantec’s AI-powered security services include everything from endpoint protection to email and cloud application defense.

Accenture Security bought Symantec’s cyber security from Broadcom in January 2020, making it one of the major providers of managed security services and boosting its ability to help businesses predict, detect, and respond to cyber threats more quickly. The Symantec Targeted Attack Analytics (TAA) program models network behavior and creates a baseline of performance using unaided machine learning. Any deviation from the norm sets off an alarm. TAA’s AI functionalities are built on top of the Symantec Cyber Defense Platform, which can collect performance data from several points across the network at the same time. TAA is now only available in the Symantec Advanced Threat Protection family of products, but it will most likely be included in all Symantec cybersecurity packages in the future.

  • CrowdStrike Holdings Inc.

CrowdStrike was founded in 2011. Three of the top 10 global firms by revenue are among Crowdstrike’s clientele. Crowdstrike is a company that makes cloud-based endpoint protection software. The CrowdStrike Falcon system, also known as user and entity behavior analytics, is an AI-based detection system (UEBA). The UEBA concept is one of the most significant advances in the system security business, allowing it to escape the defective AV detection approach that was allowing too many new viruses onto systems.

The Falcon platform employs artificial intelligence to provide users with better visibility and protection throughout their whole business, with a focus on preventing endpoint threats. Falcon goes beyond simple threat detection by researching abnormalities automatically, taking the guessing out of threat analysis. CrowdStrike can provide real-time security, actionable threat intelligence, and managed threat hunting around the clock with Falcon. Crowdstrike offers a unique technique for detecting hacked systems that incorporates a lot of machine learning. The AI technique used by CrowdStrike monitors all activity on an endpoint, analyzing each user’s activity and keeping track of all system operations that execute on a daily basis.

  • Vectra

Vectra Networks Inc is a cybersecurity software company that was founded in 2010. For the cloud, data center, IoT, and organizations, Vectra AI provides AI-driven threat detection and response. The Cognito technology from Vectra combines human intelligence, data science, and machine learning to detect threats in real-time. It also automates security procedures that would otherwise be performed by analysts, cutting down on the amount of time it takes to examine threats. Cognito is a threat detection system that uses artificial intelligence (AI) to create a baseline of activity throughout an organization and spot anomalies. The system isn’t unified threat management or an intrusion prevention system because it doesn’t include automatic reactions to recognized threats.

  • SAP National Security Services, Inc. (SAP NS2)

SAP NS2 is a wholly owned subsidiary of SAP, a global enterprise software company that provides a full suite of SAP enterprise applications, analytics, database, cyber security, cloud, and mobile software solutions, as well as specialized levels of security and support to meet the mission requirements of US national security and critical infrastructure customers. SAP NS2 is a cybersecurity system that uses data analytics and fusion technologies. AI and machine learning are also used by corporation to defend cloud platforms for a variety of customers. SAP NS2 AI and ML technology assist security professionals in processing large amounts of data and protecting sensitive information as it travels across several locations.

  • Vade Secure

Vade Secure is one of the world’s largest email defense firms, using artificial intelligence and machine learning to defend over 600 million mailboxes in 76 countries against advanced threats such as spear phishing, ransomware, and malware. It assists MSPs and SMBs in defending their Office 365 subscribers against sophisticated email threats. To safeguard inboxes all around the world, Vade Secure will continue to invest in an AI-based threat detection engine. The company intends to expand its position as an industry leader in email security for ISPs.

  • Cynet

Cynet uses artificial intelligence in its network threat detection systems, which analyze threats and act automatically. Cynet believes that advanced threat protection should be as simple to use as any other system monitoring tool. Cynet 360 is a cybersecurity software that uses artificial intelligence to automate and centralize breach defense.

Cynet 360 is a comprehensive cybersecurity solution that encompasses everything from antivirus endpoint protection to device detection, threat prediction, user behavior modeling, and vulnerability management. A discovery phase of the system is used to discover all network devices and endpoints using standard network topology mapping methodologies. The system examines event logs and traffic patterns to create a baseline model of typical network activity. Organizations without specialized cybersecurity workers might benefit from the Cynet network protection suite, which provides easy-to-use threat protection.

  • Callsign

Callsign employs artificial intelligence and machine learning to verify a person’s identification based on a swipe on a touchscreen, the number of keystrokes on a keyboard, the number of locations visited, and other actions. Thousands of data points, including behavioral, device, locational, and telecoms, are collected by the platform to correlate identification attributes, which are then combined with threat analysis information to confirm that the data has not been hacked.

Intelligence-driven authentication, Callsign’s trademark platform, integrates multi-factor authentication with fraud analytics powered by deep learning technology to combat fraudulent activity ranging from identity fraud to SMS phishing. Other authentication businesses may employ artificial intelligence to detect fraud, whereas Callsign generates individual identity profiles. Because no two people are alike, the organization does not use general predictive models.

  • Blue Hexagon

Customers can get real-time network threat prevention from Blue Hexagon, which can detect threats in less than a second. Blue Hexagon employs artificial intelligence to generate malware based on global threat data and the dark web, all in the name of putting its systems to the test and pushing its capabilities to their limits. Blue Hexagon’s technologies function in networks and the cloud, protecting against a wide range of attacks on a variety of platforms.

Blue Hexagon firewalls and controls can’t keep up with changing threats since they need to know what’s dangerous before they can block it. The key problem that Blue Hexagon solves here is using AI and machine learning to look at risks coming in, even if they are unknown, and mark them immediately. That allows us to deal with a million different things every day, which is what is driving all of the breaches.

 

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like Multi Cloud Management Platform5G infrastructure CompaniesGenomics, and Electric Vehicle Charging Station (EVCS).

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

21 Cybersecurity Companies You Need to Know

Cybersecurity guards against cyber-attacks on Internet-connected systems, including hardware, software, and data. It encompasses the complete range of vulnerability reduction, threat reduction, recovery policies, and operations by focusing on people, processes, and technologies.

Cybersecurity also covers computer network operations, information security, and law enforcement, among other things. These services have grown increasingly important to businesses, regardless of their industry. Because everyone can be a victim of cybercrime nowadays, using the services of cybersecurity vendors is unquestionably a sensible investment. The following is a hand-curated list of the Top CyberSecurity Companies. There is both open-source (free) and commercial (paid) software on the list.

1) CHECK POINT SOFTWARE TECHNOLOGIES LTD

Check Point Software Technologies offers best-in-class cybersecurity solutions to protect against malware, ransomware, and other types of assaults on systems. This company provides solutions for cloud, network, and mobile device security to government and commercial organizations. It also provides solutions for various types of businesses and has a multi-level security architecture.

Figures of Interest:

Headquarters: Tel Aviv-Yafo, Israel

Established: 1993

Employee Capacity: 5001-10000

Annual Income: Around U.S. $1 Billion

Cybersecurity services: Cloud security, Network security, Mobile security, and Security management.

2) CISCO

Cisco offers IT, networking, and cybersecurity solutions. They offer Internet security services to businesses of all sizes. The company’s major focus is on protecting your digital assets and sensitive data.

Figures of Interest:

Headquarters: San Jose, California, United States

Established: 1984

Employee Capacity: 40,000+

Annual Income: Around U.S. $49 Billion

Cybersecurity Services: Firewall, Cloud Security, Malware protection, Email security, Multi-factor authentication Endpoint, etc.

3) CIPHER CIS

Cipher CIS is a cybersecurity consultancy that offers comprehensive, white-glove protection for businesses. This cyber security service provider company combines deep cyber expertise with a thorough understanding of physical and IoT security to create a one-of-a-kind offering. They provide companies and families with trustworthy protection based on the most innovative solutions, and they have a global presence in 25 countries.

Figures of Interest:

Headquarters: Miami, Florida, United States

Established: 2000

Employee Capacity: 201-500 employees

Annual Income: $20-$50 Million per year

Cybersecurity Services: Managed Security Services, Cyber Intelligence Services, Managed Detection and Response, Governance Risk and Compliance, and Cybersecurity Technology Integration.

4) PALO ALTO NETWORKS

Palo Alto Networks is a computer security service company that uses analytics to automate everyday actions to keep hackers out. Cortex, Palo Alto’s AI-based continuous security technology, is also available.

Figures of Interest:

Headquarters: Santa Clara, California, United States

Established: 2005

Employee Capacity: 7000+

Product categories for cyber-security: Palo Alto Networks assist you in cloud security, advanced firewall, endpoint protection, and threat detection and prevention.

5) VIPRE

Vipre is a cybersecurity solutions provider that provides unrivaled protection against today’s most dangerous internet threats. Security awareness training is also available through this online cybersecurity firm.

Figures of Interest:

Headquarters: Los Angeles, California, United States

Established: 1994

Employee Capacity: 51-200

Annual Income: $18 M per year

Cybersecurity Services: Network Protection, Endpoint Protection, Email Protection, User and Data Protection, etc.

6) IBM

IBM is a cybersecurity service provider that provides computer hardware, software, and middleware, as well as hosting and consulting. This company provides cybersecurity solutions to the federal government of the United States.

Figures of Interest:

Headquarters: Armonk, New York, United States

Established: 1911

Employee Capacity: 10,000+ employees

Annual Income: Around U.S. $79 Billion.

Product categories for cyber-security: Mobile Security, Biometrics, Situational awareness and response, and easy access management.

7) MCAFEE

McAfee is a leading network security company that provides protection for a variety of industries. McAfee also provides cybersecurity for devices and the cloud. They provide cybersecurity services to both consumers and enterprises.

Figures of Interest:

Headquarters: Santa Clara, California, United States

Established: 1987

Employee Capacity: 10,000+

Annual Income: Around U.S. $2 Billion.

Product categories for cyber-security: Network Security, Endpoint Protection, Anti-Virus, Server Security, Security Management, Database Security, Data Protection & Encryption, etc.

8) MICROSOFT

Microsoft also provides intelligent security solutions as well as cloud security benefits. Their cybersecurity services assist you in protecting yourself from spyware, malware, and other dangerous software.

Figures of Interest:

Headquarters: Redmond, Washington, United States

Established: 1975

Employee Capacity: 10,000 + employees

Annual Income: Around U.S. $110 Billion.

Cybersecurity Services:  Microsoft’s cloud infrastructure and services, as well as its own devices and products, as well as its own corporate resources, aids in the detection of dangers and the recovery from incidents.

9) AMAZON

Amazon is a firm that specializes in e-commerce, AI, and cybersecurity. This computer security service company also provides data center and network design with cloud security.

Figures of Interest:

Headquarters: Seattle, Washington, United States

Established: 1994

Annual Income: Around U.S. $177 Billion.

Cybersecurity Services: Infrastructure security, Data Encryption, Identity, and Penetration testing.

10) CYBERARK SOFTWARE

CyberArk Software develops software that aids in the removal of cyber threats. This network security service provider provides technologies such as Password Vault and Identity Manager to help you protect your information assets, infrastructure, and applications.

Figures of Interest:

Headquarters: Newton, Massachusetts, United States

Established: 1999

Annual Income: Around U.S. $261 Million.

Employee Capacity: 1001-5000 employees

Product categories for cyber-security: Security & Risk Management for Cloud & DevOps, Access Security, Application Identity Manager, etc.

11) SYMANTEC ENTERPRISE

NortonLifeLock, formerly known as Symantec, is a cybersecurity vendor that helps enterprises, governments, and individuals protect their data, regardless of where it resides. Through endpoints, cloud, and infrastructure, this Internet security service provider protects against complex and deadly assaults.

Figures of Interest:

Headquarters: Mountain View, California, United States

Established: 1982

Employee Capacity: 10,000+

Annual Income: Around U.S. $2.49 Billion

Cybersecurity Services: Information Protection, Endpoint, Email Security, Advanced Threat Protection, Network security, and Cloud security.

12) IMPERVA

Imperva secures your data and apps on-premises or in the cloud. It also assists you in identifying, evaluating, and mitigating current and prospective hazards. This cybersecurity firm assists you in protecting over three million datasets and preventing thousands of app attacks per second.

Figures of Interest:

Headquarters: Redwood Shores, California, United States

Established: 2002

Employee Capacity: 1001-5000 employees

Annual Income: Around U.S. $321 Million

Product categories for cyber-security: Application Security – Web Application Firewall, DDoS Protection, and Data Security -Data Protection, Data Risk Analysis, File Security, and Vulnerability Discovery.

13) PROOFPOINT

Proofpoint is a cybersecurity company that delivers solutions to the federal government for the financial and healthcare industries. They offer a variety of cloud-based security solutions to protect against a variety of threats, including those sent by email, social media, and mobile apps.

Figures of Interest:

Headquarters: Sunnyvale, California, United States

Established: 2002.

Employee Capacity: 1001-5000 employees

Annual Income: Around U.S. $660 Million

Product categories for cyber-security: Cloud App Security, Digital Risk Protection, Advanced Threat Protection, and Information Protection.

14) FIREEYE

FireEye is in top cybersecurity vendors that provides a variety of security technologies. It also provides security evaluations, upgrades, and transformation services. FireEye assists you in creating an ecosystem of cutting-edge cybersecurity solutions.

Figures of Interest:

Headquarters: Milpitas, California, United States

Annual Revenue: $941M

Established: 2004

Employee Capacity: 3000+

Annual Income: Around U.S. $779 Million

Cybersecurity solutions: Enterprise Security, Managed Defense, and Threat Intelligence.

15) KNOWBE4

KnowBe4 is a cybersecurity tool that provides phishing and ransomware training in a realistic environment. This network security company provides tests and tools to help you detect weak passwords, domain doppelgangers, and mail server security.

Figures of Interest:

Headquarters: Clearwater, Florida, United States

Established: 2010

Employee Capacity: 1000+

Annual Income: $174.9 M

Product categories for cyber-security: Network Security, Risk & Compliance, Internet Security Awareness Training, Ransomware Simulator, Cybersecurity Webinars, and Cybersecurity Whitepapers.

16) FORTINET

Fortinet is listed in the cybersecurity companies that offers firewall, antivirus, intrusion prevention, and endpoint security solutions. This network security service provider provides consumers with effective cybersecurity and compliance solutions across all channels, including email, the web, the cloud, and social media.

Figures of Interest:

Headquarters: Sunnyvale, California, United States

Established: 2000

Employee Capacity: 5,000+

Annual Income: Around U.S. $1 Billion

Product categories for cyber-security: Multi-Cloud Security, Web Application Security, Network security, Advanced Threat Protection, Endpoint Security, Management, and Analytics.

17) CROWDSTRIKE

CrowdStrike is a cybersecurity company with offices in the United States, Europe, and Asia. This cyber security service provider company provides superior security, performance, and value. This enables you to simplify the process of eliminating on-premises infrastructure and consolidating end-points agents.

Figures of Interest:

Headquarters: Sunnyvale, California, United States

Established: 2011

Employee Capacity: 1001-5000 employees

Product categories for cyber-security: Threat intelligence, ransomware blocking, next-generation antivirus, and endpoint detection and response are among the company’s Internet security offerings.

18) FIDELIS

Fidelis Cybersecurity is a Bethesda, Maryland-based cybersecurity firm. Their staff specializes in cybersecurity and IT strategy, as well as computer security.

Figures of Interest:

Headquarters: Bethesda, Maryland, United States

Established: 2002.

Employee Capacity: 250 – 999 Employees

Project Size Minimum: $5,000+

Product categories for cyber-security: They specialize in cybersecurity and I.T. strategy consulting services such as threat detection and data loss prevention. With dynamic Deception technology, you can cut down on dwell time.

19) TESTARMY

Testarmy is a quality assurance and software testing firm based in Wroclaw, Poland. For small and midmarket businesses, they offer cybersecurity services such as application testing, UX/UI design, and cybersecurity services.

Figures of Interest:

Headquarters: Wroclaw, Poland

Established: 2010

Employee Capacity: $1,000+

Project Size Minimum: $1,000+

Product categories for cyber-security: Cybersecurity, UX/UI Design, and Application Testing services.

20) SOPHOS

Sophos is a global leader in information technology security and data protection. They provide extensive network access control and provide complete protection for enterprises by guarding against known and unknown viruses, spam, data leakage, and offering comprehensive network access control.

Figures of Interest:

Headquarters: Abingdon, Oxford shire, England

Established: 1985

Employee Capacity: 3,600+

Product categories for cyber-security: IT Security, Endpoint Security, Mobile Device Management, Email and Web Protection, Free Tools, Antivirus, Network Security, and Server Protection.

21) SUGARSHOT

SugarShot is a technology firm based in Los Angeles. The company primarily offers managed IT services, with a focus on security, disaster recovery, and network segments.

Figures of Interest:

Headquarters: Los Angeles, California, United States

Established: 2018

Employee Capacity: 10 – 49 Employees

Project Size Minimum: $5,000+

Product categories for cyber-security: Network Security, Dark Web Scanning and Development, Security Audit, Security Reporting, Remote & Onsite Support.

 

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

Contact: 

Mr. Agney Sugla 

agney@marketsandmarkets.com 

630 Dundee Road, Suite 430 

Northbrook, IL 60062 

USA: +1-888-600-6441

Cyber-Attacks in Corporate World – Banking, Manufacturing, IT and Telecommunications

Cyber-attacks have been ranked as the sixth most dangerous threat, and they have become the new normal in both the public and private sectors. In 2022, this dangerous industry will continue to grow, with IoT cyber-attacks alone anticipated trebling by 2025. As a result of the COVID-19 epidemic, cybercrime has increased 600%, including everything from theft and embezzlement to data hacking and destruction. Almost every industry has been compelled to embrace new ideas, forcing businesses to adapt swiftly.

Around the world, today’s digital world faces tremendous challenges and cybercrime. Cybercrime is expected to cost businesses globally $10.5 trillion per year by 2025, up from $3 trillion in 2015. Cybersecurity vendors also claim that cybercrime constitutes the greatest transfer of economic value in history, with a growth rate of 15% year over year.

Cyber Attacks by Industry

Some industries are more vulnerable to cyber-attacks than others due to the nature of their business. While any company is vulnerable to a data leak, organizations that are intimately intertwined with people’s daily lives are particularly vulnerable. Hackers frequently target companies that store sensitive data or personally-identifying information. The following businesses are the most vulnerable to cyber-attacks:

 

Cybersecurity in the Banking and Financial Services Sector

The financial services industry is one of the most vulnerable to cyber-attacks. Cyber-attacks are roughly three times more common in this industry than any other. Customer data is sensitive and reveals a lot of information about transactions; if it falls into the wrong hands, fraud is immediately pursued, posing a serious threat to your personal information.

Malicious code and software are being used by cybercriminals to change computer code, logic, or data, causing disruption. Millions of users’ financial information are being stored in the Bank’s database. It’s crucial to understand that data from hard drives can be exploited in cybercrime. To make money, cybercriminals use extortion, theft, and deception. Banks are constantly under threat from malevolent occurrences.

The increased use of IoT-connected devices and sensor-based technology is also introducing new possibilities for cyber-attacks to occur. Cybercriminals typically utilize cloud-based botnets to take over processing power, exploit Near Field Communications, cloud-based Distributed Denial of Service (DD0oS) attacks, and multifactor authentication hacking.

A financial institution’s weakest link is its end-users. Phishing (email, VOIP), malware (drive-by or targeted), and other security flaws expose them to an unlimited attack surface. Everyone appears to be moving away from cash in favor of digital money, such as debit and credit cards. A shoddy cybersecurity system might easily cost you time and money in the form of card cancellations, statement checks, and keeping a lookout for problems.

Blockchain technology has the potential to be extremely beneficial to the banking and finance industries, as it has the potential to cut bank infrastructure expenses. When compared to alternative database-driven structures, they also provide higher security because there is no ‘hackable’ entrance or a single point of failure.

Cybersecurity Threats in Banking and Finance Sector

  • Unencrypted Data – Because of insufficient encryption, sensitive data is exposed, and stolen data is quickly accessible after it is stolen.
  • New automation technology without security – If not protected, automation technology such as CCTV cameras, connected devices, and toys can be turned into bots.
  • Unprotected Third-Party Services — Cyber attackers are more likely to gain access to sensitive data through unprotected third-party services.
  • Unsecured Mobile banking – The use of mobile phones in the banking industry is on the rise. Because mobile devices have less complicated security systems, specialists can obtain data from them.
  • New Types of Hacking – Hackers don’t merely destroy data from consumers; they also alter it or keep it captive for later use. Hackers are now employing new methods to gain access to financial information.

Cyber Security Threat in Manufacturing

Any manufacturing process can be vulnerable to a security compromise, especially when the amount of connection in modern production environments is high. Manufacturing cyber security threats could include proprietary information, unique formulae for generating a product faster, product location identification, which could be used to steal merchandise during shipment, loss of market control, and more. Because manufacturers rely on profit margins to stay afloat, each of these scenarios results in an increase in the price of the product for consumers. Consumers may end up paying more for the identical product as a result of this process. Customers can place orders for products online, and the manufacturer keeps track of their billing information. Customer information is subject to cyber-attacks if the manufacturer does not have adequate security measures.

Even if their processes are not immediately integrated with the Internet, manufacturers must be considered a fully integrated setting. Many breaches begin in IT networks and then spread to other sections of the environment via connected devices. Furthermore, information on the non-connected process may be included in some linked devices.

Manufacturers must go above and beyond in terms of developing or updating cyber security rules, and they must avoid misunderstandings about the organization’s needs. Security policies that are deemed unrealistic or unlikely to occur are frequently avoided. In reality, hackers are more likely to target unlikely places of vulnerability. As a result, manufacturers must develop a novel cyber security policy scenario.

Cyberattacks have resulted in losses for major manufacturing enterprises. A single breach ruins the entire perception of trust and rapport with clients, as well as the possibility of losing important knowledge regarding key manufacturing processes, particularly sensitive information. Locating their own surface attack is also proving problematic for manufacturers. Manufacturing facilities can be found in a variety of countries and continents.

Manufacturing-related cybercrime is intended to either steal intellectual property (IP) or cause physical interruption to a company’s activities. These disturbances can cause severe material damage, resulting in costly repair costs and downtime. Product ideas to digital printouts, trade secrets to proprietary manufacturing techniques are all examples of intellectual property (IP), and stolen IP can be very appealing to competitors.

As smaller and mid-sized manufacturers become aware of cyber-attacks in the digital age of the Industrial Internet of Things (IIoT) and Industry 4.0, adopting an attitude of “us against them” is probably not a terrible idea. Mid-sized businesses are frequently targeted by hackers as an entry point into a larger target.

Many manufacturing companies are struggling to keep up with larger enterprises’ advanced security technologies, security best practices, and massive IT teams, leaving them vulnerable to trade secrets, intellectual property, sensitive data loss, financial fraud, and business disruptions. Manufacturing businesses must consider periodic vulnerability checks, provide assistance on resolving vulnerabilities, and apply updates depending on business risk in order to keep up with the competition.

The Top Cyber Threats for Manufacturing Companies

Phishing Attacks – Phishing is one of the most well-known and widely used cybercrime strategies. Phishing emails in commercial businesses frequently appear to come from within the company or from a company that is likely to conduct business with the company. These emails appear official, contain all of the appropriate logos, and can urge employees to offer hackers a discrete access point into the network with a single click. Unfortunately, this is merely the beginning of the threat. Once threat actors get access to an organization’s network, they can typically travel discreetly through it until they find information that allows them to carry out an attack.

Ransomware – Ransomware is a type of malware that encrypts network files and renders them unusable until hackers’ demands are met. If a ransom (sometimes millions of dollars) is not paid, these threat actors may threaten to sell or leak important data. Another method by which ransomware users attack manufacturing organizations is to make the company’s network inaccessible until the ransom is paid. The downtime puts high pressure on manufacturing organizations, this strategy is highly effective in this industry.

Internal Breaches – While external actors are responsible for the majority of cyberattacks, workers and other staff with access to the organization account for approximately 30% of all attacks. These attacks, like those carried out by external hackers, are frequently motivated by financial gain. However, out of rage or unhappiness, some current or former employees commit attacks against a corporation. Internal threat actors do not require network access. Instead, they can access sensitive data by using their existing knowledge or credentials. With existing credentials, a threat actor is more likely to carry out an attack discreetly and undetected. Unfortunately, if passwords or entry methods aren’t changed to prevent such attacks, even past employees can often acquire access.

Equipment Sabotage – Manufacturing organizations can profit from operational technology (OT) in a variety of ways. Unfortunately, hackers may be able to exploit additional vulnerabilities as a result. OT gadgets aren’t a new concept. They are, however, unfamiliar with current communication systems’ external connection technology. Previously, these gadgets did not require security measures to keep them safe from outside dangers. Regrettably, this implies that manufacturing companies continue to use them with the same security flaws. While there are significant concerns about assaults that use OT devices to obtain access to a network, the dangers associated with equipment sabotage are far more serious. When devices are managed and controlled through the use of linked devices, malevolent attackers with the purpose to make equipment behave in a destructive manner might cause damage.

IP Theft – Theft of intellectual property (IP) is a type of data theft that is more likely to go unnoticed than data theft from customers. Nonetheless, it is a serious crime that can cause enormous damage to a firm. Your business owns the intellectual property that distinguishes your products or services. That data can be useful in a variety of situations. The risks of potential IP theft are increasing as cyberattackers learn new ways to join a network undetected and move laterally throughout the system. Hackers can mine the information they require invisibly over time and even leave the system without being detected. This can result in data being stolen or altered without your knowledge until your company’s trade secrets are exploited.

Supply Chain Attacks – Attacks on supply chains damage one link in a company’s supply chain, causing a major disruption that can affect thousands of people. Long supply lines and fragmented security measures make manufacturing organizations particularly vulnerable to supply chain threats. Hackers can obtain access to major corporations through partners and suppliers using a variety of weak endpoints. Attacks on supply chains are a double-edged sword since, once the major company is forced to shut down operations, any company it supplies is similarly impacted within days of the initial attack.

Nation-State Attacks – Nation-state attacks are cyberattacks carried out by the government or threat actors employed by the government of another country. They are among the most feared cyberattacks today. The motivation for these attacks might range from monetary gain to intellectual property theft of defense weaponry, as well as personal vendettas. Hackers are on the lookout for any information that will help their country’s economy and boost vital business and military initiatives. Government institutions, important infrastructure, and nearly any industry with sensitive data have all been targeted by nation-state hackers. For various reasons, nation-state attacks are extremely risky. Threat actors from nation-states are well-funded, well-trained, and have access to high-tech equipment, making them more difficult to detect. Many manufacturing companies are interested in these attacks because of international trade tensions and rising competition for key goods.

Cyber-Crime in IT and Telecommunications sector

Cybercrime is a type of online crime that occurs through the use of computers and the internet. It is one among the world’s fastest expanding illicit activities. Cybercrime is the theft of confidential information maintained on the internet. Hackers employ a variety of techniques to gain access to the computer system. Hacking, the transmission of harmful viruses and malicious online content, online scams and fraud, identity theft, computer system attacks, and unlawful or prohibited online content are all examples of cybercrime.

Information security refers to the safeguarding of data and information systems against unauthorized access, assessment, modification, or deletion. This is similar to data security, which protects data from being stolen or hacked. The information held in a computer system must be protected from outside threats. Information security entails safeguarding data against illegal access, use, disruption, modification, or destruction, whether the data is kept electronically or physically. Any cybersecurity practitioner must have a thorough understanding of technology and security challenges.

Cyber hackers are increasingly targeting the telecoms industry as it helps them to disturb and control, and run the vital infrastructure that is extensively utilized for communicating and storing vast amounts of sensitive data.

Providing high levels of business process and data protection with broad security capabilities is the most critical aspect of any company security plan. Desktops, servers, information systems, data centers, and virtual machines are part of an organization’s IT infrastructure. The company needs a security system specifically designed to counter advanced threats and attacks. The unique combination of technology and services helps companies reduce cyber risk, including early detection of various forms of attacks and overall security.

Attacks against leased infrastructure equipment, such as residential routers, from Internet Service Providers pose a substantial danger to the telecommunications industry (ISPs). They can steal data, launch anonymous attacks, or gain access to pricey services like international phone calls once the equipment has been hacked.

Types of Cyber Criminals in IT and Telecom

Script kiddies – These hackers might be anyone who is immature, has limited technological expertise, and uses force to run scripts in order to cause software disruptions. This type of hacking does not necessitate any technical knowledge to even comprehend what the software is intended to achieve. These systems have a lot of security flaws.

Scammers – These are scammer emails that we receive on a daily basis. We receive more emails from scammers every time we log into our email inbox, offering various suggestions for reduced ads.

Spammers – These hackers aren’t outright criminals, but they are masters at wasting people’s time. Spammers clog up email inboxes with advertisements. Although they are not dangerous, they are always thought to be inconvenient and time-consuming.

Hacker activist groups – Hacker activist groups are notorious for stealing confidential material and publicizing it. These hacktivists labor in secret and are in charge of developing tools that make hacking easier.

Phishers — Phishers engage in actions like as sending us notifications that our account is about to expire and that we need to update our information. However, this is not the case. This is a phisher’s strategy for obtaining personal information or an individual’s identity.

Professional cybercriminals – These individuals have the necessary technological knowledge and know exactly where and how to hurt data. They are the most dangerous, and they have turned to cybercrime. They commit the most crimes and cause the most damage to a variety of sectors and industries.

Conclusion

The impact of the cybersecurity event on your firm could last for weeks, if not months. Here are five areas where your company could lose money: productivity loss, reputation damage, legal liability, and business continuity issues. To assess and discover cyber security threats from vulnerabilities, top cybersecurity companies must think outside the box.

Finally, identifying issues and dangers when they arise, as well as having enough information to diagnose, analyze, and fix them, is critical to achieving security service management goals. Massive connection and Internet access bring with them a risk, which must be understood and managed in order to detect, analyze, and respond to threats. To get access to a company’s network, cybercriminals use a variety of methods. As a result, the security solution must include a mix of education, best practices, technology, and a healthy dose of common sense.

 

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.

360Quadrants will also be launching quadrants in fields like Multi Cloud Management Platform, 5G Infrastructure infrastructure, and Ecommerce Platforms .

Contact:

Mr. Agney Sugla

agney@marketsandmarkets.com

630 Dundee Road, Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

 

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