Data is the new gold. Irrespective of a company’s size, data protection is imperative for all business strategies and daily operations. In fact, it is now required by law in many nations. In 2022, the average global cost of a data breach had risen to $8.24 million; this increase was attributed to higher regulatory fines as well as the pandemic’s effects on remote work.
Since work environments have changed from the office to our homes, cybersecurity has become a top priority for businesses across all industries. Cybersecurity firms and their professionals work around the clock to stay one step ahead of hackers as they try to take advantage of vulnerable systems and devise inventive new ways to breach networks.
The use of these cybersecurity companies’ services is essential for preserving the security of priceless data and infrastructure because a large number of businesses are devoting a significant amount of operational focus to digital transformation. Here are some of our suggestions for the top cybersecurity technology providers worldwide.
- Noventiq
Noventiq is a leading cybersecurity and digital transformation solutions provider present in over 50 countries. Noventiq’s services span the Aerospace & Defence, Banking, Capital Markets, Communications & Media, Health, and Oil & Gas industries. The company connects 150,000+ organisations from all sectors with 6,000+ best-in-class IT vendors, along with its own services and solutions, to allow, facilitate, and accelerate digital transformation for the businesses of its customers.
- Fortinet
Fortinet (FTNT) was in the number two slot last year, and we see no need to change that this year. Despite sales clearing the $4 billion mark, analysts are projecting a 35% annual growth rate for the next five years. The network security vendor is another that doesn’t shy away from rigorous testing, landing the company on 16 of our top cybersecurity software and hardware lists. Fortinet is strongest in its core network security area but boasts strength in other key security areas like SIEM and EDR.
Unsurprisingly, Fortinet has turned its networking expertise into leadership positions in adjacent markets like SD-WAN. Customer satisfaction ratings are high in key areas like product capabilities, value, ease of use and support, which have given it inroads into small business markets too. Analysts have also lauded the company, joining Palo Alto and others in frequent appearances in Gartner Magic Quadrants and Forrester Wave reports. Here are the eSecurity Planet top product lists that Fortinet has made:
- One Trust
With revenue up roughly 200% since our last update, OneTrust has backed up its early promise as few startups can. With annual revenue estimated at $669 million, the $933 million that venture investors have sunk into OneTrust is beginning to look like a bargain, and its $5.3 billion “unicorn” valuation is reasonable. In the crazy market for cybersecurity startups, OneTrust is starting to resemble a blue-chip company. The 7-year-old privacy compliance technology startup has ridden data privacy laws like GDPR and CCPA to rapid growth and high rankings on our risk management, third-party risk management and hot cybersecurity startups lists.
- Proofpoint
Proofpoint cleared the $1 billion revenue mark before being taken private by Thomas Bravo in 2021. Proofpoint has made securing end users its focus, and the Sunnyvale-based company’s SECaaS product portfolio made five of our top product lists, including CASB, data loss prevention (DLP), zero trust, threat intelligence and email gateways. The company provides email protection, network sandboxing, security awareness training, cloud protection and more. Its move into security awareness training via the 2018 acquisition of Wombat Security put the company in a good position to address the biggest security vulnerability of all: the mistakes made by a company’s end users.
- Intruder
Intruder is a cybersecurity company that operates globally, it helps organisations minimise their attack exposure by providing state-of-the-art cybersecurity solutions. Intruder’s product is a cloud-based vulnerability scanner that finds security weaknesses across the whole digital infrastructure. Offering robust security checks, continuous monitoring and an intuitive-to-use platform, Intruder keeps businesses of all sizes safe from hackers. Since its inception in 2015, Intruder has been awarded multiple accolades and was selected for GCHQ’s Cyber Accelerator.
