Provider Marketplace Helps Enterprises Meet New Cybersecurity Challenges

Enterprises have embarked on a digital transformation journey to keep pace with changing technology and evolving consumer preferences. And digital technologies in the realm of applications, artificial intelligence (AI) and compute power are stretching the boundaries of what is possible. Although the growing adoption of these technologies is helping accelerate decision-making and efficiency, it also is bringing with it its own share of challenges. The adoption of such technologies increases exposure and cyber threat attack surface and the importance of cybersecurity.

Companies face a barrage of cyberattacks in the form of ransomware, hacking, malicious code, phishing attacks and advanced persistent threats perpetrated by cyber criminals hunting actively for vulnerabilities and waiting for “a moment of lapse” to breach the defense and wreak havoc on a brand. The cyberattacks in 2020 against big-name victims, including Experian, SolarWinds, Zoom, Magellan Health, Finastra and Marriott, indicate the increasing complexity of these attacks. They also suggest that no entity can consider itself secure; cyber criminals lurk in the dark to steal intellectual property, personal identifiable information (PII), confidential records and client information.

Enhancing Security Posture

With the COVID-19 pandemic and the surge in remote work and e-commerce in 2020, employees began relying more heavily on public networks and tools that broadened their employers’ attack surface. Hackers had greater access to end users through threat vectors such as phishing, spear phishing and ransomware. Today, enterprises must quickly enhance their security posture, create enterprise cybersecurity strategies that are “always on” and go beyond basic perimeter security to include continuous deep monitoring, inspection and protection.

We know that threat vectors like phishing, spear phishing and ransomware exploit the ignorance of end users or their careless online behavior. This is why enterprises need detailed and inclusive cybersecurity measures that safeguard their business at various levels ― perimeter security, device protection and monitoring of online behavior. It's an enterprise imperative now to create a dedicated cybersecurity strategy that takes into account the specifics of your business operations and industry. And, to do this, you need clarity on the capabilities offered by service providers and product vendors across the cybersecurity market.

Making the Best Use of Tight Security Budgets

The ISG Provider LensTM Cybersecurity 2021 study evaluates service providers and product companies across security services, solutions and regions. It covers IAM, DLP and Data Security, Advanced Endpoint Threat Protection, Detection and Response, Managed Security Services, Security Strategic Services and Technical Security Services. The regional studies coming out this year will be authored by Kartik Subramaniam (the U.K and the Nordics), Gowtham Kumar (the U.S.), Frank Heuer (Germany and Switzerland), Paulo Brito (Brazil), Benoit Scheuber (France) and Craig Baty (Australia). Monica K and Srinivasan, the research analysts based in India, will be supporting the study. Dhananjay Kohli will be the project manager and the point of contact for all communications related to this study.

By capturing and evaluating a range of service providers and product vendors across the security products and services market, this study will give enterprises visibility into their capabilities and help them make a choice of providers specific to their security requirements. More information on this study can be found in the brochure here.

ISG Provider Lens™ conducts research studies that provide valuable insights to enterprise buyers on the strengths, competitive differentiators and unique selling points of leading service providers serving each market. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners.

About the author

Kartik Subramaniam is a Lead Analyst with ISG Research, with a focus on application development and maintenance (ADM) and SAP domains where he covers application development, deployment, modernization, optimization, maintenance, digital transformation, managed services along with tracking the larger ecosystem of ADM service providers and partners. Kartik authors the ISG Provider Lens study for Next-Gen ADM and SAP and offers his industry expertise on custom research assignments in these areas.