Top 10 Cyber Security Service Providers - 2019 The Asia Pacific region is making great strides in digital transformation. Many economies are seeing the benefits of these significant developments like the Internet of Things (IoT) and cloud computing are becoming common in organizations. The transformation is also driven by the fact that employees are working remotely and flexibly—as more devices are connected to the internet than ever before. While this has opened up avenues for growth and development, it provides more vulnerability from threats and risks to businesses. That being said, attackers are getting increasingly sophisticated and are employing cutting-edge techniques to breach organizations.
As organizations continue their digital transformation, information risk becomes a significant component of their operational risk portfolios. In the past, these were treated as two separate elements. But that’s changing, in large part due to the increased instrumentation and actuation brought about by the IoT, the automated decision making of machine learning, and the digital value exchanges made possible by blockchain. As a result, organizations can no longer think of information security and operational risk as two separate things.
Organizations must seek assistance from cybersecurity services providers to implement first-line-of-defense tools that can scale, such as cloud security platforms and adopting next-generation endpoint process monitoring tools. The shift in security investments from threat prevention to threat detection requires an investment in security operations centers (SOCs) as the complexity and frequency of security alerts grow. The access of real-time, accurate threat intelligence data and processes will allow businesses to intercept the threat and risks ahead of time. Backing up data often and testing restoration procedures process are critical in today’s dynamic world of network-based ransomware and malware threats. By performing data analysis organizations will be better to determine an accurate assessment of the risks and use it, to incorporate the information into necessary security protocols and measures.
In addition, the market for security products, once dominated by a small number of suppliers, has grown more crowded. With prices for security products dropping, organizations need to ensure they’re not overpaying. Managers should review their current contracts and look for opportunities to save capital-investments, as prices may have come down since the contract was signed. Another factor driving prices downward are free-flowing funding from venture capital firms.
Standards groups, industries, and governments are constantly implementing new security policies. We expect to see governance and compliance, playing an increasingly important role in how organizations manage their risk profile in 2019. As policymakers work to address these authentication issues, they will need to adopt solutions that move away from the shared secret model while also being easy for consumers and employee to use. However, no technology or standard can eliminate the risk of a cyberattack, but the adoption of modern standards that incorporate into a business can be an important step in reducing cyber risk.
This edition of CIO Outlook brings you the “Top 10 Cyber Security Consulting/Services Companies -2019.” This list gives you some of the most prominent organizations in the industry that have excelled with their services portfolio in the enterprise risk management space. This list is aimed at bridging the gap between businesses and consulting/service providers that are transforming business processes through their insights and technological prowess.
