Analysis Of The Cyber Security Industry Essay - 1514 Words

Analysis of the Cyber Security Industry Cyber security is a fast-growing industry. With more and more persons using connected devices as part of their daily lives, there is an increasing need for security. Not only are individuals in need of cyber security solutions but also corporations and governments are acutely aware of the dangers of hacking. As a result of the need, the cyber security industry is expected to reach $170 billion by 2020 (Morgan 2015). To understand this industry, it is important to know about firm strategy, technology, investment opportunities, supply networks, productions, markets, and government. This paper will present an analysis of these elements as they apply to the cyber security industry. Firm Strategy The entire cyber security industry is in a period of growth. As both corporations and private consumers are becoming aware of vulnerabilities with their online presence cyber security firms, have learned how to offer in-demand solutions for a wide variety of customers. Within the field of cyber security, there are several different types. These different types of services range from protection on the Internet of Things to producing devices to protected connected cars or phones. Each of these areas are expected to grow by the year 2020 with some being more in demand than others. In the article, â€Å"Cybersecurity Market Reacher $75 Billion in 2015, Expected to Reach $170 Billion by 2020,† Steve Morgan notes that, â€Å"the hot areas for growth are securityShow MoreRelatedA Report On Cyber Security Breaches1596 Words   |  7 PagesCyber security breaches have shown a spike in 2015, with large-scale compromises on companies like Target, Sony and Home Depot. There is a strong demand to deploy more robust cyber security tools to prevent future attacks. FireEye, a cyber-security firm, has started to fill the void and is reaping the rewards. Company Overview FireEye is an industry leader in total security threat protection. The organization has a unique set of security products which enable organizations to protect their onlineRead MoreThe Security Measures Protect The Digital Infrastructure1476 Words   |  6 PagesIntroduction In an age where every sophisticated industry relies on computer systems and data centers for its operations, any kind of vulnerabilities in such system might provide an opportunity for exploitation to someone with an inappropriate intention. The constant threat of digital breach and exploitation gave birth to the field of Cyber Security, which is the field of technology dedicated to protecting computer devices and information systems from unintended or unauthorized access to the softwareRead MoreTechnological Innovations Are Transforming Almost All Industry1267 Words   |  6 PagesTechnological innovations are transforming almost all industry sectors today including insurance. The primary aim of insurance sector is profitable growth and the use of innovative technologies is one of the most effective ways to enable then achieve this goal. However, many insurance organizations are challenged to keep up with the rapid evolution of technology. Although new technologies are critical for businesses in insurance industry, implementing them require huge capital and resources. AccordingRead MoreAnalysis Of Cybersecurity Metrics As Well A Governmental Policy Framework Essay1677 Words   |  7 Pagesneeds. So this paper will include an analysis of cybersecurity metrics as well a governmental policy framework. I will discuss some cybersecurity strategies, frameworks, workplace threats caused by modern day technology, and at least one governments strategic prospective as it relates to their methodology of what a cybersecurity policy should be. The employees and organizations that have deeper-level information assurance policy compliance The healthcare industry is more likely to have a deeper-levelRead MoreInformation Technology Business Model Of The Organization1435 Words   |  6 PagesInformation technology business model of the organization The IT industry business models have changed a lot from past many decades, as compared to the traditional direct selling to providing a free platform and then drawing margin out of it. Historically, IT industry use to work on a model of direct selling, where the companies develop a software or hardware and either it is purchased by direct consumers or vendors, and or the same customers may undergo licensing or maintenance contract. One ofRead MoreThe Importance Of Decision Support Strategy1706 Words   |  7 PagesA few researchers also did research into having decision support approaches for cyber security investment. When investing in cyber security assets, information security administrators have to obey operational decision-making strategies. The researchers refer to this as â€Å"the cyber security investment challenge†. In this paper, they analyze three potential decision support methodologies that security managers can use to be able to perform this challenge. They con sidered methods based on game theoryRead MoreCyber Security Role For Homeland Security Intelligence1153 Words   |  5 Pagesshown major flaws within the intelligence community. Those events led the creation of the Department of Homeland Security and with it pooled federal agencies into in umbrella for it to be centralized in order to be effective. There are three categories in which the Homeland Security Intelligence face in the 21st century. Those categories are technological, political, and cyber security. In this day in age everything from critical infrastructure, government information to money is being digitalizedRead MoreCyber Security : A Strategic And Corporate Wide Security Program857 Words   |  4 PagesCyber Security Risk is around every corner when it comes to Cyber, today’s executives need to combine cyber risk management with the strategic business planning. We work with CEO’s, CFO’s and COO’s to provide the tools required to lead their company’s effort for cyber security and enable our clients solutions that will effectively meet the demands and gain insight into corporate risk and security controls through our Cyber Program Development Our Cyber Program Development offering helps organizationsRead MoreTop Three Trends in your profession and associated industry Annotated Bibliography1499 Words   |  6 PagesTrends in your profession and associated industry-Annotated Bibliography The top three trends in the Cyber Security field are salary, career advancement, and the need for predictions of the future in how information is exchanged. Cyber-crimes are becoming more popular and because of the many attacks that are happening much more frequently it has caused for a higher demand in cyber security professionals. Companies spend millions of dollars to correct security breaches within their organization. BackRead MoreCyber Security Operations Centre ( Csoc ) Investigates And Analysis Cyber Attacks On Uk Networks1212 Words   |  5 PagesCyber Security Operations Centre (CSOC) investigates and analysis cyber-attacks on UK Networks and provide solutions and means to mitigate future attack. Its job is in cyber forensics and incident response while the Government Computer Emergency Response Team (GovCERT) deals with the public sector organisations on issues relating to computer security incidents, warnings, alerts, assistance and advice to prevent, reduce expose and mitigate attacks. The National Crime Agency formed in Oct 2013 to