Organisations in EMEA Take Proactive Security Stance to Ward off Advanced Persistent Threats
Service providers and product vendors are collaborating to bring compelling solutions to these markets, says Frost & Sullivan
LONDON, Aug. 28, 2015 /PRNewswire/ -- In Europe, the Middle East and Africa (EMEA), organisations are being pre-emptive about security due to the increasing threat posed by targeted attacks. These threats take the form of cyber-attacks that lie dormant inside the network for months and even years, exfiltrating valuable company data for illicit financial gain. The severe repercussions have prompted managed security service providers (MSSPs) to expand their offerings to protect organisations against advanced persistent threats (APTs).
Photo - http://photos.prnewswire.com/prnh/20150827/261540
New analysis from Frost & Sullivan, A Service-centric Approach to APTs (http://www.frost.com/mafa), concludes that a greater portion of market participants' revenues will be devoted to threat intelligence research, detection and remediation to enable organisations to counteract the negative effects of APTs.
Intelligence and forensics will become the most important differentiator for companies selling APT solutions and services as understanding how threat actors work is vital to identify indicators of compromise during the early stages of an attack. Companies are thus deploying technologies such as advanced data analytics and event correlation alongside sandboxing to help organisations detect and remediate attacks once they are inside the corporate network.
"European organisations have a more relaxed approach to cyber security than United States (US) organisations, wherein there is greater awareness of the threat of targeted cyber-attacks," said Frost & Sullivan Information & Communication Technologies Senior Analyst Beatriz Valle. "Slowly, however, European companies are coming to grips with the fact that they are prime targets – just as much as their US counterparts."
In the US, the possibility of a class action lawsuit resulting in large aggregate losses and the strength of the legal professional services sector have had a positive impact on the security posture adopted by organisations. This environment will soon reach Western Europe and the consequences are likely to be encouraging for MSSPs. MSSPs should nevertheless create customer awareness of the damage a threat actor can cause in a short time to quickly expand their market in EMEA.
"For now, MSSPs are partnering more than ever with product vendors to offer compelling APT solutions for the complex European market," remarked Valle. "This trend is becoming entrenched in the security landscape, with more product vendors joining forces with service providers to enhance their customer reach and exploit the rising demand for greater investment in analytics, APT research and behavioural modelling."
For more information on this study, please email Edyta Grabowska, Corporate Communications, at [email protected].
A Service-centric Approach to APTs is part of the Network Security (http://ww2.frost.com/research/industry/information-communications-technologies/network-security) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Intrusion Prevention System Market, Security Information Event Management and Log Management Global Market, Identity & Access Management (IAM) Global Market, and The Global Finger and Palm Vein Biometrics Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
A Service-centric Approach to APTs
MAFA-74
Contact:
Edyta Grabowska
Corporate Communications – Europe
P: +48 22 481 62 03
E: [email protected]
Share this article