NEW YORK, September 11, 2017 /PRNewswire/ --
According to a research report published by MarketsandMarkets, the cybersecurity market size is expected to grow from USD 137.85 Billion in 2017 to USD 231.94 Billion by 2022 and at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period. A major factor contributing to growth of the cybersecurity market is the rise in security breaches targeting businesses, individuals and governments. There are several major security types that are in focus, including network security, endpoint security, application security, cloud security, wireless security, as well as database security and web security. The report also indicates that the application security segment is expected to grow at the highest CAGR during the forecast period because of the emergence of Internet of Things (IoT) and Bring Your Own Device (BYOD) across verticals. Big Wind Capital Inc. (CSE: BWC), Palo Alto Networks Inc. (NYSE: PANW), FireEye Inc. (NASDAQ: FEYE), Symantec Corporation (NASDAQ: SYMC), Fortinet Inc. (NASDAQ: FTNT).
The recent spike of harmful cyber-attacks has caused governments and business to re-evaluate the importance of cybersecurity measures in their infrastructure. "Rising awareness among CEOs and boards of directors about the business impact of security incidents and an evolving regulatory landscape have led to continued spending on security products and services," said Sid Deshpande, Principal Research Analyst at Gartner. "However, improving security is not just about spending on new technologies. As seen in the recent spate of global security incidents, doing the basics right has never been more important. Organizations can improve their security posture significantly just by addressing basic security and risk related hygiene elements like threat centric vulnerability management, centralized log management, internal network segmentation, backups and system hardening," said Deshpande.
Big Wind Capital Inc. (CSE: BWC) listed on the Canadian Stock Exchange under the Ticker 'BWC' and Hill Top Security Inc, ('HTSI') announced today that HTSI has signed service agreements with two companies, that have large government and commercial customers, to provide its military-grade, patented, cyber security platform. The Vauban platform, which became commercially-available in August, 2017, provides companies with a unique level of risk assessment to help prevent and respond to cyber security attacks, including ransomware, DDoS and malware. The Company recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets (the "Transaction").
Hill Top's Vauban Cyber Security Platform - Military-grade cybersecurity platform, called Vauban, aimed at small to medium-sized businesses (SMB). - Unique, world-leading ability to analyze and validate potential system threats - both internal and external. - Patent filed "Computerized System and Method for Providing Cybersecurity Detection and Response Functionality", covers Vauban's multi-layered threat assessment system and processes. - Vauban has been developed by a team of security experts with substantial military and commercial experience and the Company holds a Top-Secret clearance based on the work it currently carries out for the US government.
Corby Marshall, CEO of Hill Top Security, said, "We are very pleased with the strong level of interest we have received, in the short time since launching our new cyber security platform. Most small and medium-sized businesses simply don't have the resources or personnel to cope with the volume of cyber threats faced by companies today. Our unique threat assessment technology allows even small teams to identify, prioritize and react far more quickly when under cyber attack, and when it comes to protecting your business, speed and accuracy is vital."
Palo Alto Networks Inc. (NYSE: PANW) is the next-generation security company, leading a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Recently, the company announced its Next-Generation Security Platform is available to customers of VMware Cloud™ on AWS®. Launched with initial availability in AWS West (Oregon) region, VMware Cloud on AWS brings together VMware's enterprise-class Software-Defined Data Center software and elastic, bare-metal infrastructure from Amazon® Web Services to give organizations a consistent operating model and application mobility for private and public cloud.
FireEye Inc. (NASDAQ: FEYE) is the intelligence-led security company. Working as a seamless, scalable extension of customer security operations, FireEye offers a single platform that blends innovative security technologies, nation-state grade threat intelligence, and world-renowned Mandiant consulting. On July 18, 2017, the company received an agency authority to operate from the U.S. Department of the Interior in accordance with the Federal Risk and Authorization Management Program. FireEye Government ETP now enables federal, state and local government agencies and public education entities to save time and money as they look to add cloud-based email security for advanced threat protection.
Symantec Corporation (NASDAQ: SYMC), the world's leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. On August 2, 2017, the company announced an agreement under which DigiCert will acquire Symantec's Website Security and related PKI solutions. Under the terms of the agreement, Symantec will receive approximately $950 million in upfront cash proceeds and approximately a 30 percent stake in the common stock equity of the DigiCert business at the closing of the transaction.
Fortinet Inc. (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network - today and into the future. Recently, the company announced that its FortiGate Virtual Machine is available to customers of VMware Cloud™ on AWS. VMware Cloud on AWS technology partners enable customers to deploy the same proven solutions seamlessly in both the public and private cloud. VMware simplifies the deployment and eliminates the need for partners to refactor solutions for VMware Cloud on AWS.
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