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Envisioning the Next Generation Cybersecurity Practices

  • Report

  • 33 Pages
  • December 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4733460

Next Generation Security Critical to Protect the Future of Businesses Across Industry Sectors

Cybersecurity has been in constant focus of enterprises in the recent past, especially in light of the breaches and hacks that have occurred recently. Hackers and criminals are getting more and more sophisticated and are devising more complex attacks which can cause significant damage to the affected parties. Companies are adopting more advanced solutions to protect their vital assets against these attacks.

While data security and device usage policies were a concern of security teams until now, they are now becoming a management concern with the implementation of BYOD (Bring Your Own Device) and IoT (Internet of Things). Cybersecurity budgets have been increasing globally among companies in every industry vertical. With increased funding around cybersecurity, more startups have emerged in the space and have leveraged advanced technologies to develop products that have helped enterprises manage their security function better.

In brief, this research service covers the following points:

  • Cybersecurity & Enterprises - An overview
  • Drivers and challenges for Adoption of Best Practices in Cybersecurity
  • Technologies Impacting the Future of Cybersecurity
  • Considerations for Management Decision Making

Table of Contents

1. Executive Summary
1.1 Research Scope
1.2 Research Methodology
1.3 Research Methodology Explained
1.4 Key Findings
2. Overview
2.1 Easier Monetization From Cybercrime is Driving Criminals to Design and Deploy More Sophisticated Attacks
2.2 Enabling Flexibility and User Convenience Renders Enterprise IT Infrastructure More Susceptible to Cyber Attacks
2.3 Increasing Digitization Results in Significant Damages in Cases of Network Breach or Data Loss
3. Drivers & Challenges
3.1 Drivers and Challenges for Adoption of Best Practices in Cybersecurity
4. Technologies Impacting the Future of Cybersecurity
4.1 Behavioral Analytics Enabled By Big Data is Vital in Thwarting Access Control Frauds
4.2 Big Data Has Enabled Automated Risk Management and Predictive Analytics
4.3 Machine Learning Helps Security Teams Prioritize Corrective Actions and Automate Real-time Analysis of Multiple Variables
4.4 ML-based Cybersecurity Solution Can Identify the Root Cause of the Attack and Automate the Process of Remediation
4.5 Data Stored on Blockchain Cannot be Manipulated or Erased By Design
4.6 The Cost of Breaching Blockchain-based Networks Dissuades Hackers From Performing Attacks
5. Companies to Action
5.1 Balbix’s Breach Avoidance Platform Leverages AI and ML to Provide Predictive Assessment of Breach Risk
5.2 Armis Automates the Task of Discovering, Managing and Protecting Enterprise IoT Devices
5.3 ForgeRock has Designed a Identity and Access Management Solution to Support Modern Businesses Adopting IoT & BYOD
6. Considerations for Management Decision Making
6.1 Negligence in Adhering to Security Directives Renders Advanced Security Controls Ineffective
6.2 Stricter Regulatory Norms Globally Are Compelling Enterprises to Adopt Better Cybersecurity Practices
7. Strategic Recommendations
7.1 Number of Startups Coming Up in the Cybersecurity Space will Ultimately Lead the Market Toward Consolidation
8. Industry Contacts

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Armis
  • Balbix
  • ForgeRock