Table of Contents
- Security Information and Event Managements Market Research | Industry Size USD 18.12 Billion by 2030
- Renewed Focus on Incident Response Brings New Competitors and Partnerships
- Cloud Security Consulting Services: Key Benefits, Trends & Important Cloud Strategy Trends for 2023
- Aeries Technology Launches Cyber Security Managed Services Offering
- Imperva® Opens Network and Security Operations Centre in Singapore to Better Support APJ and Global Customers
- Mandiant’s new solution allows exposure hunting for a proactive defense
- UltraViolet Cyber, Inc., announces its launch
Security Information and Event Managements Market Research | Industry Size USD 18.12 Billion by 2030
EIN News
Growing demand for security solutions that help organizations discover potential security risks & vulnerabilities is predicted to fuel growth of SIEM market.
The size of the global security information and event management market, which was estimated to be worth $3.92 billion in 2020, is expected to increase to $18.12 billion by 2030, rising at a CAGR of 16.4% from 2021 to 2030.
Request Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/2313
What are factors driving security information and event management market?
• Increasing cybersecurity threats: As the number and complexity of cyber threats continue to rise, organizations are increasingly turning to SIEM solutions to help them detect and respond to these threats in a timely and effective manner.
• Regulatory compliance requirements: Many industries are subject to regulatory requirements that mandate the use of SIEM solutions to help protect sensitive data and systems.
• Rising cybersecurity budgets: Organizations are allocating more resources to cybersecurity, which is driving demand for SIEM solutions.
• Growing adoption of cloud-based SIEM solutions: Cloud-based SIEM solutions offer several advantages over on-premise solutions, including scalability, flexibility, and cost-effectiveness.
• Increasing adoption of IoT devices: The proliferation of IoT devices is increasing the attack surface for cybercriminals, and SIEM solutions are being used to help organizations monitor and secure these devices.
• Need for real-time threat detection and response: SIEM solutions provide real-time visibility into security events, enabling organizations to respond quickly and effectively to threats.
What are key trends in security information and event management market?
Cloud-based SIEM solutions
Advanced threat detection
Integration with other security solutions
Compliance automation
Threat intelligence sharing
Managed SIEM services
Link: https://it.einnews.com/pr_news/627036656/security-information-and-event-managements-market-research-industry-size-usd-18-12-billion-by-2030
Renewed Focus on Incident Response Brings New Competitors and Partnerships
Kelly Springer
N-Cryp Tech News
In late March, Microsoft announced that the company would focus its generative AI offering, Copilot, on helping companies triage and respond to incidents, with an aim towards bolstering organizations’ incident-response capabilities.
The company also announced that it would start offering incident response services and consulting on cybersecurity posture as a retainer to companies upon request.
The announcement marks a significant change at Microsoft.
In 2019, Microsoft labeled its incident response team — known then as the Detection and Response Team (DART) — as the “cybersecurity team we hope you never meet.” Now, the team hopes to meet clients on a regular basis.
Microsoft is not alone.
Incident-response services have taken off, and the companies that offer them are looking to build relationships rather than one-off engagements.
Google bought incident-response bellwether Mandiant in 2022, adding to its other IR-focused acquisitions Siemplify and Chronicle and its security advisory services.
Consulting firms Deloitte, Booz Allen, Kroll, and PricewaterhouseCoopers have long offered incident response, while managed service firms such as CrowdStrike and Secureworks have focused expertise.
Large business-technology and service firms — such as IBM, AT&T, Verizon, and Palo Alto Networks — have also long been players in the IR space.
Corporate legal requirements and cyber-insurance policies have an outsized impact on incident response.
Often, the first call for an engagement comes not from an company executive, but from an outside counsel hired to handle the crisis (often because attorney-client privilege shields a company from legal discovery).
In other cases, an insurance company would bring in incident responders to help reduce the cost of recovering from a breach and to assess the security of a policyholder.
Link: https://n-cryptech.com/renewed-focus-on-incident-response-brings-new-competitors-and-partnerships/
Cloud Security Consulting Services: Key Benefits, Trends & Important Cloud Strategy Trends for 2023
Data Mania
Increased Adoption Of Multi-Cloud And Hybrid Cloud Environments
Greater Focus On Data Privacy And Compliance
More Emphasis On Container Security
Growing Interest In Zero Trust Security
Cloud Threat Intelligence And Incident Response
Link: https://www.data-mania.com/blog/cloud-security-consulting-services-key-benefits-trends-important-cloud-strategy-trends-for-2023/
Aeries Technology Launches Cyber Security Managed Services Offering
Cision PR News
AI Thority
Aeries Technology, a global professional services and consulting partner for business leadership teams, private equity sponsors, and their portfolio companies, announced the launch of its cyber security managed services offering, giving companies access to world-class cyber security services and Information Security Management Systems (ISMS) designed to meet and exceed the standards of an enterprise-level Chief Information Security Officer at a lower cost of hiring in-house experts.
This new comprehensive offering includes a full array of cyber security initiatives such as governance, risk & compliance frameworks, application security services, data security & privacy services, cloud & infrastructure security and more through a team of Aeries Technology professionals dedicated to keeping corporate digital assets safe and secure.
Link: https://aithority.com/technology/aeries-technology-launches-cyber-security-managed-services-offering/
Imperva® Opens Network and Security Operations Centre in Singapore to Better Support APJ and Global Customers
Kevin Le
Times 24H
Imperva, Inc.(@Imperva) unveils a Network and Security Operations Center (NOC/SOC) in Singapore.
The NOC/SOC will enable it to better understand the cyberattacks occurring in the region, and help customers more quickly navigate the complex business risks associated with those attacks.
This investment in a regional NOC and SOC will help our customers navigate complex security and compliance risks.
This NOC/SOC joins its global network of NOC/SOC’s that provide 24/7 protection and support to Imperva customers around the world, through its follow-the-sun model.
Today’s NOC/SOC opening follows the establishment of the Imperva office in Singapore in 2017, and the subsequent expansion of the Company’s presence to Australia, China, India, Japan, and Taiwan.
Link: https://www.times24h.com/imperva-opens-network-and-security-operations-centre-in-singapore-to-better-support-apj-and-global-customers/
Mandiant’s new solution allows exposure hunting for a proactive defense
Shweta Sharma
CSO Online
Mandiant Proactive Exposure Management combines a suite of capabilities to effect exposure hunting, threat correlation, penetration testing, and real-time intrusion defense.
Mandiant’s exposure management claims a holistic approach to enterprise security, as opposed to disparate point solutions, and includes scanning organizational assets to know what’s exposed, who’s targeting them, their ability to handle and attack, and if an attack is happening in real time.
Mandiant’s new solution, as the first step, attempts to gain visibility into all the assets belonging to the organization by combining exposure discovery with global threat intelligence.
This will include business-critical asset discovery and classification, assessment for vulnerabilities, IOCs and misconfigurations, and exposure enumeration.
This attack surface visibility is achieved through Mandiant’s in-house, industry-standard technologies like external attack surface management (EASM), cyberattack surface management (CAASM), and cloud security posture management (CSPM).
As the second leg of this approach, Mandiant’s exposure management combines threat intelligence from various sources to educate security teams with an attacker’s initial reconnaissance techniques and the entire attack lifecycle.
After identifying the scope of the attack surface and areas of the threat landscape to focus on, Mandiant’s new solution offers a capability to continuously test and validate the effectiveness of the organization’s security controls.
Mandiant also uses breach analytics to map IOCs to security events logged in a customer’s environment.
Link: https://www.csoonline.com/article/3693452/mandiants-new-solution-allows-exposure-hunting-for-a-proactive-defense.html
UltraViolet Cyber, Inc., announces its launch
PR Newswire
AI Tech Park
Created through the combination of four pioneering firms — Metmox, Mosaic451, Stage 2 Security, and W@tchTower — UltraViolet Cyber brings together decades of expertise and experience at the forefront of security operations to enable organizations to access the full spectrum of managed security operations capabilities.
As an Achieve Partners portfolio company, UltraViolet Cyber prepares entry-level talent to succeed in cybersecurity careers by not only providing training, but also facilitating career launch for apprentices to positions at UltraViolet and UltraViolet clients.
UltraViolet Cyber is supporting this approach through its groundbreaking approach to unified security operations, combining the power of people with a cloud-native, microservices platform architecture.
Link: https://ai-techpark.com/ultraviolet-cyber-inc-announces-its-launch/