How #Cybersecurity Experts
are Leading Companies into a New Era of Security; (CSE: $VAI.C) (OTC: $VTRL)
(NYSE: $BAH) (NASDAQ: $CHKP) (NYSE: $ACN)
Point Roberts WA,
Delta BC – February 21, 2019 - Investorideas.com, a leading investor news resource covering
defense and security stocks issues a snapshot looking at the current cybersecurity
landscape and how experts and service providers are shifting companies into a
new era of security; beyond a “ bigger wall” mindset.
Read this in full at https://www.investorideas.com/news/2019/defense/02211Stocks-Cybersecurity.asp
Investor Ideas turned
to cybersecurity expert Roger Cressey at Liberty Group Ventures, LLC for insight into the sector and what is
needed to address current and future threats. Cressey was formerly with Booz Allen Hamilton (NYSE: BAH), Good Harbor
Consulting, held senior cyber security and counterterrorism
positions in the Clinton and Bush Administrations and was an on-air
counterterrorism analyst with NBC News.
Cressey said, “We have
been very slow on understanding how to integrate cybersecurity into our overall
business operations.”
Listen to full interview with Roger Cressey:
According to recent commentary from Consulting.US,
“The interest in cybersecurity consultancy is an international phenomenon.
Saudi Arabia in June entered into an agreement with Booz Allen Hamilton, which
will see the American consulting firm train Saudi cybersecurity experts. In a
report that analyzed 158 UK-based cybersecurity start-ups, consulting firm
Wavestone found that demand for cybersecurity services rose steeply in 2018.“
VirtualArmour International Inc. (CSE:VAI) (OTC:VTLR), a global cybersecurity and managed services provider, is gearing up
to launch a new version of their proprietary CloudCastr client portal and
prevention platform, and company CTO, Andrew Douthwaite explains how regulation
is healthy for promoting good security.
“The more regulation the better, so we can keep
this drive toward good security going forward,” he said.
“One way VirtualArmour has been able to keep
clients in the loop with regard to security risks and data, is their Cloudcastr client portal, a proprietary monitoring and
visualization platform.”
Douthwaite explained that the platform provides
“…an overview of current threats that are happening, all of the services that
we’re offering to that customer, access to our managed service engineers and
has other functionalities such as secure file share.”
Douthwaite said that the platform is being updated
all the time and that clients can anticipate a 2.0 which will boast even more
capabilities.
“Cloudcastr has been continually developed from
there, adding new features all the time,” he said. “And we’re going for a new
big launch, which is being developed…of Cloudcastr 2.0. It will include a lot
of new features, such as reporting, invoicing and some more predictability
pieces around the security environment.”
Listen to full interview with CTO Andrew Douthwaite:
According to Accenture (NYSE: ACN), one of the largest cyber consultancy
firms, the average cost of malware attack spending and the top cost to
companies is $2.4 million and the average time to resolve a malicious insiders
attack is 50 days. Their approach; historically, the energy spent on securing
data has been focused on building a better “wall.” It’s an approach that no
longer works in today’s perimeter-less world where some seven billion connected
devices (80 billion by 2025*) have opened a liquid stream of data vulnerable to
attack.
“It is time to shift
our security posture to focus on a liquid approach to cybersecurity - where
strong, immutable identities, hardened data and an ever-changing polymorphic
attack surface enable us to move beyond cyber resilience to a constant state of
business operations.”
Recent breaking news
in the sector; Infocyte, a cybersecurity company focused on proactive threat
detection and incident response and Check Point Software Technologies Ltd. (NASDAQ:CHKP), a leading provider
of cyber security solutions globally, said they are partnering to deliver faster threat
detection and incident response services on compromised hosts. As part of the
partnership, Infocyte's platform, Infocyte HUNT will be integrated with Check
Point's suite of advanced services. Both companies will share threat
intelligence to improve their threat detection and incident response
capabilities.
Check Point's recent Cyber Attack Trends Report highlights the
growing concern around advanced threats. New forms of malware, cryptominers,
ransomware and other cyber-attacks continue to show alarming rates of success
across cloud, traditional, and hybrid networks. As cyber-attacks evolve, they
become better at penetrating deep into IT networks and hiding from traditional
detection technologies. In an effort to fight back, companies are adopting
proactive practices like post-breach threat detection and remediation solutions
that complement their existing cyber security defenses.
Turning back to how Roger Cressey sees the landscape,
he said, “I do think things are starting to evolve and I think there is a
higher level of awareness, especially in corporations, that I have not seen in
a number of years and that’s encouraging.”
Investor Ideas has
created a stock directory of Security and Defense stocks, Biometrics stocks, Homeland security
stocks, Biodefense stocks, Cybersecurity stocks.
About Investorideas.com
Investorideas.com is a recognized news source
publishing third party news and press releases plus we create original
financial content. Learn about investing in stocks and sector trends
from Investorideas.com with our news alerts , articles , podcasts and videos
talking about cannabis,
crypto, technology including AI and IoT , mining ,sports biotech, water,
renewable energy and more . Investorideas.com original branded content includes
the daily Crypto
Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclosure:
Investorideas. does not make recommendations for purchases or sale of stocks,
services or products. Nothing on our sites should be construed as an offer or
solicitation to buy or sell products or securities. All investment involves
risk and possible loss of investment. This site is currently compensated for
news publication and distribution, social media and marketing, content creation
and more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers. More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this
article featuring VirtualArmour is a paid for service
on Investorideas.com – third party, Learn
more about costs and our services https://www.investorideas.com/News-Upload/
Additional info
regarding BC Residents and global Investors; more info: https://www.bcsc.bc.ca/release.aspx?id=6894.
Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact Investorideas.com
800-665-0411
