The new threat landscape facing every organization today proves that the old “trust is verified” model is outdated and in need of a complete overhaul. To compete and thrive in today’s increasingly complex and deadly environment, organizations need more adaptable, intelligent security solutions built on the Zero Trust Security Framework. Let’s discuss Biggest CyberSecurity Companies.
Zero Trust takes a “never trust, always verify, enforce least privilege” approach to authenticated access, whether from inside or outside the network. John Kindervag was the first to recognize the urgent need for organizations to change their approach to cybersecurity and created the Zero Trust Security Framework at Forrester in 2010. Chase Cunningham, senior analyst at Forrester, is a guru to many around the world looking to expand their knowledge of Zero Trust. If you are interested in cybersecurity in general and Zero Trust specifically , I recommend his blog.
AI and machine learning applied to key cyber security use cases are leading to the proliferation of commercially successful, innovative platforms. Cybersecurity deals continue to grow in scope and scale, with BlackBerry’s $1.4 billion acquisition of Cylance in February this year being the world’s largest deal.
TD Ameritrade’s annual survey of Registered Investment Advisers (RIA) revealed a nearly 6-fold increase in investment in the Cyber SEC in the past year. Compared to 2018.
The top 10 cybersecurity companies reflect the speed and scale of today’s innovations, driving the highest level of investment the industry has ever seen. Below are the top ten cybersecurity companies to watch in 2020:
Biggest CyberSecurity Company Absolute Software (ABT.TO)
One of the world’s leading providers of commercial enterprise security solutions, serving as the industry benchmark for end-to-end encryption , visibility and control. The company enables more than 12,000 customers with rolling code encryption, always-connected visibility of their devices, data, users and applications, regardless of whether the connections are on or off the network. They also provide the ultimate level of control and trust that today’s business demands. Embedded in over a billion endpoints, Absolute provides intelligent and real-time corrective capabilities that enable organizations to stop data breaches at the source.
Organizations continue to rely on security controls to thwart attacks – Gartner estimates that more than $124 billion will be spent on security in 2019 alone. The Absolute 2019 Endpoint Security Trends Report finds that much of this spending is wasted. However, he shows that 70% of all data leaks still originate at the endpoint. The problem is the complexity at the endpoint – it makes security solutions inevitably, reliably and predictably fail.
Absolute research also found that 42% of endpoints are unprotected at some point and 100% of endpoint security tools eventually fail. As a result, IT leaders are seeing a negative ROI on their security spend. What also makes Absolute one of the top 10 security companies to watch in 2020 is its purposeful and uncluttered design.
Organizations rely on Absolute to break through complexity to anticipate failures, model control capabilities, and realign security intent. Rather than artificially perpetuating companies’ false sense of security, the software company enables encryption without compromise, builds resiliency, and provides the intelligence needed to ensure security applications and controls continue to function and deliver the desired value. Absolute has proven to be very effective in validating protections, strengthening endpoints and preventing data security compliance failures. Below is an example of Absolute’s platform at work:
Artificial intelligence and predictive security from BlackBerry
It’s remarkable how quickly BlackBerry is reinventing itself as a cybersecurity company, independent of its acquisition of Cylance. The $1.4 billion payment for Cylance brings much-needed AI and machine learning capabilities to the company’s platform portfolio. An acquisition that BlackBerry quickly integrated into its product and service strategies.
BlackBerry Cylance uses AI and machine learning to protect an organization’s entire attack surface with automated threat prevention, detection and response. Cylance is also the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity, improving the way businesses, governments and end users proactively solve the world’s toughest security problems.
Blackberry in the cybersecurity pioneering role
Using a breakthrough mathematical process, BlackBerry Cylance quickly and accurately identifies what is safe and what poses a threat. And not only what is on a black or white list.
By combining advanced mathematics and machine learning with a unique understanding of a hacker’s mentality, BlackBerry Cylance provides the technology and services that enable true prediction and prevention against advanced threats.
The screen below provides a summary of CylancePROTECT usage , from the number of zones and devices to the percentage of devices covered by automatic quarantine and memory protection, as well as threat events, memory violations, agent versions and offline days for devices.
A summary of usage data from CylancePROTECT
Centrify redefines the traditional approach to privileged access management by providing cloud-enabled zero trust privileges to secure modern enterprise attack surfaces. Centrify Zero Trust Privilege helps customers grant least-privileged access by verifying who is requesting access, reviewing the context of the request, and the risk of the access environment.
Industry research firm Gartner predicts in its latest forecast analysis that privileged access management (PAM) will be the second fastest growing segment of information security and risk management spending globally in 2020. Information Security and Risk Management, Worldwide, 3Q18 Update (requires client access). By implementing least-feature access, Centrify minimizes the attack surface, improves audit visibility and compliance, and reduces risk, complexity, and cost for the modern, hybrid enterprise.
More than half of the Fortune 100, including the world’s largest financial institutions, intelligence agencies, and critical infrastructure companies, trust Centrify to stop the root cause of security breaches – privileged credential abuse. PAM was also named in Gartner’s Top 10 Security Projects for 2020.
Cloudflare
Cloudflare is a web performance and security company that provides online services to protect and speed up websites on the internet. Its online platforms include the Cloudflare CDN, which distributes content worldwide to speed up websites. The Cloudflare Optimizer, which allows websites with third-party ad servers and widgets to download Snappy software to mobile phones and computers. As well as Cloudflare Security, which protects websites from a range of online threats such as spam, SQL injection and DDOS.
In addition, there are Cloudflare analytics that provide insight into website traffic including threats and search engine crawlers. Keyless SSL, which allows businesses to keep Secure Sockets Layer (SSL) keys private, and many Cloudflare applications that help users install web applications on their websites.
CrowdStrike
Today, CrowdStrike differentiates itself in the fast-growing cybersecurity market by applying machine learning to endpoint detection of IT network threats. It is also one of the top 25 machine learning startups to watch in 2019.
CrowdStrike is credited with exposing Russian hackers on the servers of the US Democratic National Committee. The company recently went public with an initial price of $34 per share. Its IPO raised $610 million with a valuation that at one point reached nearly $7 billion.
The in-house Falcon platform stops breaches by detecting all types of attacks, even malware-free intrusions, and provides five-second visibility into all current and historical endpoint activity while reducing cost and complexity for customers.
Functionality Falcon platform
CrowdStrike’s Threat Graph provides real-time analysis of data from endpoint events across the global crowdsourcing community, enabling attack detection and prevention based on patented behavioral pattern detection technology.
Hunters.AI
Hunters.AI excels at threat hunting by leveraging its autonomous system that connects to multiple channels within an organization and detects the signs of potential cyber attacks. They are among the top 25 AI startups created in 2019.
What makes this startup one of the ten cybersecurity companies to watch out for in 2020 is its innovative approach to creating AI and machine learning-based algorithms that continually learn from a company’s existing security data. Hunters.AI generates and delivers visualized attack histories that enable organizations to identify, understand, and respond to attacks faster and more effectively.
Early customers include Snowflake Computing, whose VP of Security recently said, “Hunters.AI identified the attack within minutes. In my 20 years in the security industry I have never seen anything as effective, fast and with such high accuracy as what Hunters.AI can do. Below is a graphical overview of how the system works:
Adaptive
Idaptive is notable for its Zero Trust approach, which it uses to protect organizations at all levels of the threat they rely on to conduct their business. Idaptive secures access to applications and endpoints by verifying each user, validating their devices and intelligently limiting their activities.
The Adaptive Next-Gen Access Platform combines Single-On (SSO), Adaptive Multi-Factor Authentication (MFA), Enterprise Mobility Management (EMM) and User Behavior Analysis (UBA). More than 2,000 organizations are already using their platform. Idaptive was spun off from Centrify on January 1, 2019.
Kount
As the Kount has successfully differentiated itself in an increasingly crowded cybersecurity market by providing fraud management, identity verification and online authentication technologies that enable digital businesses, online merchants and payment processors to identify and thwart a wide range of threats in real-time. Kount has demonstrated through customer testimonials that its partners are able to approve more orders, uncover new revenue streams and dramatically improve their bottom line – all while minimizing fraud management costs and losses.
Kount’s global network and proprietary AI and machine learning technologies combined with policy and rules management thwart online criminal attacks. Kount’s continuously adaptable platform automatically learns about new threats and continually updates risk scores to thwart further breaches and fraud attempts.
The Kount’s advances include both proprietary techniques and patented technologies: superior mobile fraud detection, advanced artificial intelligence, multi-layer device fingerprinting, IP proxy detection and geolocation, transaction and custom scoring, global order linking, business intelligence reporting, comprehensive Order management, professional and managed services. Today, Kount protects over 6,500 brands.
MobileIron
As a recognized leader in mobile device management (MDM) software, MobileIron is notable for its recent development line and is one of the top 10 companies in cyber security.
MobileIron was the first to deliver key innovations such as multi-OS mobile device management, mobile application management (MAM), and BYOD privacy controls. Last month, MobileIron introduced Zero Sign-On (ZSO), built on the company’s unified endpoint management platform (UEM) and powered by the MobileIron Access solution.
“By making mobile devices your identity, we’re creating a world free from the constant pain of password recovery and the threat of data loss from easily compromised credentials,” wrote Simon Biddiscombe, MobileIron’s president and chief executive officer in his recent blog -Post, “One single sign-on is still one sign-on too many”.
MobileIron paved the way for a zero sign-on company with its Access product in 2017, enabling cloud services on its managed devices. With MobileIron’s zero sign-on, enterprise security teams don’t have to trade more bureaucracy for a better user experience.
Sumo logic
Sumo Logic is an intriguing cybersecurity company to follow for its ability to take on the security challenges of large organizations and turn them into a competitive advantage. An example of this is how quickly the company achieved FedRAMP Ready designation and was listed on the FedRAMP marketplace.
Sumo Logic is a secure, cloud-native machine data analytics service that delivers real-time, continuous intelligence from structured, semi-structured, and unstructured data across the application lifecycle and stack. More than 2,000 customers around the world rely on Sumo Logic for analytics and insights to build, operate, and secure their modern applications and cloud infrastructures. With Sumo Logic, customers gain an advantage through a multi-tenant service model to accelerate their shift to continuous innovation, driving competitive advantage, business value and growth.
Founded in 2010, Sumo Logic is a private company based in Redwood City, California, backed by Accel Partners, Battery Ventures, DFJ, Franklin Templeton, Greylock Partners, IVP, Sapphire Ventures, Sequoia Capital, Sutter Hill Ventures and Tiger Global Management becomes.
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