M&A Frenzy in Cybersecurity Industry Poised to Become $2 Trillion Market
Issued on behalf of Integrated Cyber Solutions Inc.
Standing out from the emerging crowd is Integrated Cyber Solutions Inc. (CSE:ICS) with its robust product offerings and strategic strengths. Central to their suite is the IC360 Platform, a comprehensive cyber command center that integrates various cybersecurity solutions into one cohesive system, leveraging advanced Artificial Intelligence (AI) and Machine Learning (ML) for rapid threat detection and response.
Since going public earlier this year, Integrated Cyber has exceled in offering a full spectrum of services, including Managed Detection and Response (MDR), proactive Vulnerability Management, and comprehensive Cyber Training & Awareness programs. These offerings are designed to cater to the unique needs of small-to-medium businesses and enterprises, providing them with sophisticated yet user-friendly cybersecurity solutions. Their approach not only focuses on protecting digital assets but also emphasizes the importance of proactive defense and employee education, positioning them as a versatile and forward-thinking player in the cybersecurity market.
Recently, their progress has included the introduction of new solutions catering to Small-to-Medium-Business (SMB) and Small-to-Medium Enterprise (SME) sectors and the significant customer renewal and expansion of services with a longstanding client in the power, renewables, and broader energy value chain sector.
Integrated Cyber's role in protecting against attacks on the energy sector is timely, as these costly events have become more commonplace. A recent example was the cyberattack earlier in 2023 on Suncor Energy, which experts pegged to carry a hefty price tag of millions of dollars to resolve.
Embedded within the announcement of their latest customer renewal, Integrated Cyber stated it had initially begun their relationship through their "land and expand" business model.
"While the cybersecurity companies targeting SMBs and SMEs are nascent, they already represent billions in revenue," said
Throughout the course of the relationship, Integrated Cyber has delivered its client Managed Detection and Response (MDR) services. Over the years since establishing the relationship, ICS has successfully improved the client's security profile across multiple locations, while delivering value and growth alongside their clients. In particular, the MDR process is part of a greater Managed Cyber Security Awareness and Training platform, utilizing the Proofpoint platform, which private equity firm
In another case of an up-and-coming player in the cybersecurity field,
"In the Web3 era, we firmly believe that a one-size-fits-all approach to security is insufficient," said
According to the launch announcement, DIGIPASS FX1 BIO provides a cost-efficient, adaptable, and future-proof solution that overcomes traditional multi-factor authentication (MFA) limitations. With DIGIPASS FX1 BIO, organizations can safeguard employees, partners, and corporate resources while enabling a flexible 'work from anywhere, anytime, on any device' policy without compromising security.
Following up on its announced expanded use of SaaS-powered industrial cybersecurity platform Claroty xDome to its global services portfolio,
"In today's rapidly digitizing world, providing our clients with advanced, cloud-based OT security isn't just a value-add; it's a necessity," said Matt Kennedy,
According to a joint research report, published with the
"Energy, critical manufacturing, water treatment and nuclear facilities are among the types of critical infrastructure industries under attack in the majority of reported incidents," said Mark Cristiano, commercial director of Global Cybersecurity Services at
Setting its sights on the manufacturing sector's deep vulnerabilities tied to the Internet of Things (IoT),
"
SCADAfence is an ideal complement to
Lastly, telecom giant
"Working together we'll be uniquely positioned to protect organizations globally and
While there will be some
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