Recently, Gartner released their 2021 Market Guide for Security Threat Intelligence Products and Services. This annual guide is designed to inform IT/business leaders considering an investment about the market, highlighting vendors that have contributed greatly to the cybersecurity space.
Here at SafeGuard Cyber, we have had the honor of being acknowledged as one of the vendors under the Threat Intelligence Representative Vendors list – created by John Collins, Ruggero Contu, Mitchell Schneider, and Craig Lawson. This demonstrates that the Gartner analysis team acknowledges SafeGuard Cyber’s achievements in the cybersecurity space and recommends end-users to discover how the product can help with their needs.
The Current State of Cybersecurity
Enterprises are experiencing a flood of information and data, whether from their customers and clients, or from internal communications within their systems. Unfortunately, that is not reflected in terms of intelligence. Businesses in general treat threat intelligence programs as luxuries, and this causes them to avoid considering such solutions when planning their security operations or erecting policies against cyber risks.
Add to that the current remote work situation across industries, and we have an increasing number of attack vectors that threat actors can exploit. This results in two things:
- Poor operational use of information and data they receive; and,
- Large-scale success in recent cybercrimes and threat actor exploits.
According to the guide, “There is waning interest in the attribution, or identification, of threat actors.” The way things are going, only the government, authorities, and threat intelligence vendors are interested in knowing who is behind an attack. Meanwhile, business and security leaders are more interested in either (1) preventing an attack, or (2) shortening the response and recovery time after a successful attack.
Commercial organizations are focusing more on operationalizing threat intelligence first and foremost to prevent and detect. Knowing who attacked is just a bonus.
End users still continue to inquire about threat intelligence, “but more advanced use cases like threat modeling remain largely unexplored by many users.” There is also a divide between competing industries and companies who don’t share information or work together against data breaches and threat attacks.
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Threat Intelligence Market Still Growing
Thankfully, the growth of the threat intelligence market remains unhindered. What companies are gradually realizing is that threat intelligence is a necessary piece of their security program puzzle.
Based on Gartner’s latest forecast, threat intelligence spending is expected to grow at a compound annual growth rate of 15.8% to reach $2.6 billion by 2025.
More mature enterprises and large companies are increasing their spend in threat intelligence, with a focus on integrations. Small and medium enterprises are also discovering the benefits of a threat intelligence-backed security program, and are further fueling the growth in threat intelligence spending. According to the guide:
“A bigger growth opportunity is coming from midsize companies, defined by smaller deal sizes but higher volume of deals. Large enterprises compose 40%, small organizations compose 30%, and organizations in the government/public/education segment compose of 30% of Gartner’s search analytics over the past year.”
SafeGuard Cyber is proud and grateful to have been acknowledged by Gartner as one of the key vendors in the threat intelligence space. SafeGuard Cyber provides deep visibility into business communications to manage new risks that leave businesses vulnerable to loss of customer/employee data, business disruption, regulatory fines and penalties, brand and reputational damage, and losses in revenue. SafeGuard Cyber’s security solution is delivered through a cloud-based, API first architecture, without the need to deploy or maintain agents. SafeGuard Cyber improves MTTD, MTTR, and produces higher efficacy and accuracy of alerts.
To find out more about Gartner’s recommendations in reinforcing your security programs, download your copy of the 2021 Market Guide for Security Threat Intelligence