Recent Cyber Attacks Drive Growth in Cyber Security Markets

NEW YORK, August 2, 2017 /PRNewswire/ --

The cyber security market is one of the fastest growing industries in the past few years. According to a report published by Zion Market Research, the global cyber security market is expected to reach $181.77 billion in 2021, with a compound annual growth rate of 9.5 percent from 2016 to 2021. The market is growing rapidly due to increasing penetration of the internet and growing adoption of cloud computing. Demand for cyber security solutions and products are expected to increase in the forecast period as cyber threats and cyber-crimes continue to grow. Big Wind Capital Inc. (CSE: BWC), FireEye, Inc. (NASDAQ: FEYE), Palo Alto Networks, Inc. (NYSE: PANW), CyberArk Software Ltd. (NASDAQ: CYBR), Symantec Corporation (NASDAQ: SYMC).

The report also indicates that North America is the world's largest market for cyber security, while emerging markets in Asia Pacific will have a huge opportunity. The need for government, military, financial organizations, hospitals and other organizations to protect confidential data on computers is one of the major factors that drive the cyber security market. The cyber security market is divided into network security, cloud security, wireless security and others. Network security is dominating the market, with over 40 percent of market shares.

Big Wind Capital Inc. (CSE: BWC) listed on the Canadian Stock Exchange under the Ticker "BWC" and Hill Top Security Inc, ("HTSI") announced earlier today that, "HTSI has filed a patent for its Vauban cyber security platform, which provides an unprecedented level of risk assessment to help prevent and respond to cyber security attacks, including ransomware, Denial of Service (DoS) and malware. The company recently signed an LOI agreement with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets. The patent filing covers the Vauban's platform's unique, secure complex event processing system. Vauban was developed by HTSI's in-house team, which is comprised of former U.S. military officers and personnel.

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 filing entitled '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 U.S. government.    

SMB Cyber Security Statistics: - Small-to-medium sized businesses have become the top target for cyber criminals. - Estimated $75 Billion per year is lost to ransomware attackers alone. - Average hourly cost to small businesses being $8,581/hr in lost productivity. - SMB's (2,500 employees or less) number over 27 million. - Total addressable market expected to exceed $2.2 Billion by 2020

Corby Marshall, CEO of Hill Top Security, said, "Small businesses have become the number one target for cyber criminals. The sheer volume and sophistication of modern cyber-attacks has reached the stage at which most companies cannot protect themselves without equally advanced defence mechanisms. This patent filing reflects our unique, unprecedented ability to scrutinize and assess potential cyber threats. The very limited resources available to most small businesses means the biggest gap in defences is the ability to both detect but assess and prioritize threats at a very early stage. Our Vauban platform addresses that vulnerability with a specialised, multi-layered approach."

Dev Randhawa, CEO of Big Wind, commented, "Hill Top Security is filling a gap in the cyber defences of small and medium-sized businesses that, until now, has left companies highly vulnerable. With its strong, military background, Hill Top's team and its technology is of the highest calibre and we are excited at the potential as we move forward with them."

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 August 1st, FireEye reported financial results for the second quarter that had better than expected guidance revenue and improved operating margins. "We executed well against our priorities in the second quarter, delivering billings, revenue, earnings per share and operating cash flow above expectations," said Kevin Mandia, FireEye chief executive officer. "We have made great progress rationalizing our cost structure, and reduced our operating losses by more than $100 million in the first six months of the year compared to the first six months of 2016."

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. On July 14th, Palo Alto Networks announced that Bank OCBC NISP - one of the oldest and largest banks in Indonesia - selected the Palo Alto Networks Next-Generation Security Platform to strengthen security as the bank pursues a mobile, digital-first business strategy. "Compared to other offerings we evaluated, the threat identification and prevention capabilities of the Palo Alto Networks Next-Generation Security Platform are of a different standard and allow our staff to work securely from anywhere. It has transformed our productivity," Filipus H. Suwarno, technology security and governance division head, Bank OCBC NISP, said.  

CyberArk Software Ltd. (NASDAQ: CYBR) is the only security company focused on eliminating the most advanced cyber threats; those that use insider privileges to attack the heart of the enterprise. Dedicated to stopping attacks before they stop business, CyberArk proactively secures against cyber threats before attacks can escalate and do irreparable damage. On May 4th, CyberArk announced cloud automation capabilities that enable customers to protect against advanced security threats in dynamic cloud environments. CyberArk's cloud automation capabilities incorporate the CyberArk Amazon Machine Images and Amazon Web Services CloudFormation templates that are specifically optimized for AWS environments.

Symantec Corporation (NASDAQ: SYMC) , the world's leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. On July 6th, Symantec announced that it has entered into an agreement to acquire Israel-based Fireglass, the leading agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time by preventing potentially harmful content from ever reaching user endpoints or the corporate network. With this acquisition, Symantec further strengthens its Integrated Cyber Defense Platform and dramatically extends the Company's leadership in Secure Web Gateway and Email protection delivered both on premises and in the cloud.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com expects to be compensated five thousand dollars for financial news dissemination and PR services by a third party non affiliate for big wind capital inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact:
[email protected] 
+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com