Top Cybersecurity & Risk Management Companies

Cybersecurity & risk management firms protect businesses from data breach, cyberattacks, security threats and assist with risk assessment and incident response.
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Top Value Propositions and Differentiating Factors of the Best Cybersecurity and Risk Management Companies

Overview

Cyber attacks are a fact of modern life. In the digital era, multiple high profile cyber attacks take place every year. These attacks threaten to bring the work of major institutions to a standstill (as when the National Health Service in the UK suffered ransomware attacks that took records offline and resulted in delayed procedures and services), and to expose consumers to identity theft (as when Experian was the victim of a data breach that saw millions of customers’ information stolen).  

These high profile attacks have helped make network security and risk management top of mind for many businesses that are now acutely aware of the need to protect against cyber threats. No company is exempt from the risk of cyber attack, with threats and attacks having been carried out against banks, large corporations, governments, and even connected cars. The growing proliferation of connected devices (Internet of Things or IoT) has many worried that cyber attacks on these devices are imminent.

Employing effective security solutions to guard against attacks is essential to operating a business in the digital age. Below we cover the basics of cyber security company capabilities and provide advice on which differentiators to look for in your choice of cyber security and risk management partner.

What is cyber security?

Cyber security entails a system of protections put in place to guard against attacks, manage existing threats, and detect potential breaches. Due to many recent high profile attacks, and because of the massive proliferation of digital devices over the past twenty years, the cyber security market is experiencing significant growth.

Common types of cyber attacks

Cyber attacks come in many different forms, which is part of what makes cyber security and risk management such a complex field. Some common attacks that companies must take measures to guard against include:

Malware - Malware is a portmanteau of the words “malicious” and “software”. Malware infects a system or computer, allowing the attacker to use that system for any number of malicious purposes (ie; spamming, data theft, etc.) The term malware includes things like viruses, spyware, and trojans.

Ransomware - Ransomware is a type of malware (also a portmanteau, combining the words “ransom” and “software”). In a ransomware attack, cyber criminals hijack a system or files and demand a ransom (paid in the cryptocurrency, Bitcoin) in return for release of the materials back to the owner.

Phishing - If you have an email address, you’ve probably been exposed to a phishing attack at some point or another. Phishing is when attackers impersonate a legitimate company or person in an effort to extract personal information (account credentials, credit card numbers, etc.)

Denial-of-Service Attacks - Denial-of-Service attacks, or DoS attacks, entail making a system or platform inaccessible to its users. DoS attacks are executed by sending influxes of traffic to a system to exceed capacity, or by otherwise deliberately orchestrating a crash. 

What services do cyber security companies offer?

Cyber security is a massive field that covers many different technologies and approaches to risk management and security. Depending on the client’s needs, there are dozens of techniques and cyber security products that can be deployed to prevent vulnerabilities and minimize damage in the case of an attack.

Some popular services and software solutions include:

Anti-malware software / Anti-virus protection - A form of software designed to detect and remove malware and viruses on a system or computer. Anti-virus software has been around since the early days of the web, but is now experiencing a renaissance sometimes referred to as next-generation anti-virus. Next-gen approaches are harnessing new technologies like artificial intelligence and machine learning to improve effectiveness.

Anti-spyware - Anti-spyware software can detect and block attempted spyware attacks as they happen.

Firewalls - A firewall is a system of monitoring incoming and outgoing network traffic in order to identify and block threats. Next-generation firewalls are more sophisticated, effective versions of the original firewalls developed in the early days of the internet.

Intrusion Detection System - Intrusion Detection Systems (IDS) are designed to identify threats that have already infiltrated a network. These systems trigger an alarm alerting the company to the presence of the threat. Intrusion Prevention Systems can also both identify and dispense with the threat.

Top cyber security companies are forward-thinking

It’s unfortunate but true that cyber threats are constantly evolving. Hackers have monetary and ideological incentives to continue improving their approach to infiltration. In order to be effective at identifying and defeating attacks, cyber security companies have to stay on top of the latest techniques being adopted by attackers as well as the most advanced, cutting-edge technology used to combat such attacks.

When evaluating potential cyber security partners you should make an effort to assess their efforts to stay relevant and cutting edge in their field. What training initiatives do they invest in? How do they keep their products updated to reflect new technologies and practices?

Leading cyber security companies have a track record of success

When you’re dealing with something as important as cyber security, you want to make sure your business is in the best hands. That’s why top cyber security companies are quick to offer evidence of a track record of success for past and current clients. Look for a security firm that can offer case studies and example product use cases tied to measurable results for clients. Any respectable cyber security company will also be more than willing to provide references on request. Always work with a tested partner if you want to ensure your company’s security is taken care of.

How top cyber security companies market themselves

Cyber security is a very hot topic these days and top security companies have capitalized on ongoing discussions of security to develop themselves as authoritative thought leaders. Digital PR in the form of press mentions, quotes in the media, and guest articles help cyber security companies increase brand awareness among target audiences.

In additional to digital marketing channels, offline tactics are still of great importance to B2B brands. Cyber security and risk management companies may target C-suite executives through print media and offline events like conferences, seminars, and trade shows. Content marketing and email marketing are also key channels for speaking to the B2B audience.

Takeaways:

Cyber security is one of the most pressing challenges facing businesses in the digital era. High-profile cyber attacks are becoming a frequent occurrence and no company is immune to these threats. Making an investment in services from the right cyber security company is key to protecting both your company’s data and that of your clients or customers.

Here are some important considerations when evaluating your choices for cyber security:

●     A definition of cyber security - Cyber security simply describes all processes, systems, and software design to help protect against attacks and security breaches and dispense with threats once they are detected.

●     Common types of cyber attacks - Cyber attacks take many different forms, including malware (viruses, worms, spyware, trojans, etc.), ransomware attacks, phishing, and DoS attacks.

●     Cyber security products and services  - To match the range of different cyber attacks, cyber security firms offer a range of services to address numerous types of threats. These may include anti-virus software, firewalls, IDS, cloud security, and other incident response services.

●     Forward-thinking - Hackers are smart, and their methods are constantly evolving in an effort to evade detection. The best cyber security companies are the ones that remain vigilant, making an effort to adapt to the latest techniques employed by attackers.

●     Proven track record - Cyber security is far too important to hand over to an untested partner. Top cyber security firms have long track records of proven success implementing security solutions for other clients. Be sure to ask to see case studies that include implementation details and measurable results. 

Top Qualities of the Best Cybersecurity & Risk Management Companies

Experience

Cybersecurity is a complex issue, and one that is top of mind for businesses who know they need to minimize risk and protect themselves from threats. Top cybersecurity companies have many years of experience helping companies manage their businesses more securely. Experience is the number one factor you should look for in a cybersecurity partner, as it’s the best indicator that the company has the expertise on staff to handle even the most complex security issues. To understand the company’s experience, be sure to ask questions about past projects as well as the training of the employees who will be working on your account.

References

Top cybersecurity companies should be happy to provide examples of their work, including solutions they’ve been able to execute and satisfied customers they’ve worked with. Don’t simply take the company’s word for it though -- make it a priority to verify references. Speaking with references can give you a more in-depth picture of how the company operates and whether or not they’ll be a good match for your needs. Be sure to ask specific, pointed questions about the aspects of cybersecurity and risk management that are important to you. References are likely to give a generally positive review of the company, so you’ll want to have a list of questions prepared in order to obtain more detailed feedback.

Custom Solutions

The cybersecurity needs of every company are unique. There isn’t a one size fits all solution that a vendor can offer to satisfy every customer. Less reputable companies may try to talk you into solutions that aren’t right for you but are easy for them to execute. Don’t take the bait. Top cybersecurity companies offer solutions that are tailored to the needs of each individual client. Before going into meetings, be sure that your company has a clear understanding of what your goals and objectives are so these can be conveyed to the vendors you interview.

Creative Problem Solving

Cybersecurity might not seem like the most creative field, but innovative thinking is invaluable in the security and risk management industry. Top cybersecurity companies value rigorous, analytical thinking in their employees, but they also recognize the importance of being able to come up with creative solutions to difficult problems. You want to work with a team that is passionate about their field and committed to learning. These traits mean the company is open-minded and flexible -- two essential qualities in a field that changes as rapidly as technology does.

Transparent Reporting

With any vendor partnership it’s important for the client to be in the loop on the work the vendor is doing on their behalf. Though cybersecurity and risk management is a highly technical field, the company you work with should still be able to clearly articulate what work is being done on your behalf, and what the outcomes will be. Top cybersecurity companies will set expectations for regular reporting and communication so that you’re secure in the knowledge that your investment is being well-spent, and that your company’s security is protected.