Security Roundup: ‘Undercover’ Industries, Recorded Future, Check Point
… have a clear-cut understanding of what risks are most prevalent in their environment and determinant in the security ratings, Serrano Erturk said.
“Simply put, Third-Party Risk provides our partners with an opportunity to present their clients with a more holistic view of their risk,” she said.
Cybersecurity Investment Skyrockets
According to a blog by Strategic Cyber Ventures, 2018 was a big year for cybersecurity investing, with record highs in dollars invested and average deal size, the continued rise of investment outside of the United States, “vibrant and robust” M&A, and an open and mostly healthy IPO market.
In 2018, capital venture funding totaled $5.3 billion, nearly double that of 2016; however, this rate of investment is not sustainable, according to the firm.
While total funding increased substantially, the total number of deals remained relatively the same as 2017, it said. This means the average deal size is now $15.8 million, a “heavy right-skew” driven by “mega” cyber deals of more than $100 million over the past several years. Many companies like Tanium and Crowdstrike have received multiple rounds of investment.
Asia and Europe together now account for almost 23 percent of global investment in cybersecurity companies, double that of 2014 and led by investment in U.K., Chinese and Israeli companies.
Last year marked the second consecutive year of four cybersecurity IPOs, according to the firm. CrowdStrike, DarkTrace, Pindrop, Tanium and Illumio are rumored to be on deck for 2019, it said.
“Looking forward, we expect significant investment (both equity financings and M&A) in cybersecurity companies to continue in 2019, but at or just below the levels we saw in 2018,” it said.
Check Point Debuts Maestro
Check Point Software Technologies this week introduced Check Point Maestro, a new architecture designed to secure networks both large and small by orchestrating multiple security gateways, which prevent unsecured traffic from entering an organization’s internal network, into one unified security system.
With Maestro, organizations can scale up their existing Check Point security gateways on demand, in the same way as spinning up new servers and compute resources in public clouds. This scalability allows organizations to support 5G networks’ high data rates and ultra-low latency.
Michael Greenberg, Check Point’s product marketing manager of security platforms, tells us Maestro enables partners to encourage and guide customers to “seamlessly increase their security solutions, on the fly with security of hyperscale — allowing organizations to secure the largest, most resource-hungry environments including hyperscale data centers, telcos and mobile networks.”
Check Point also unveiled its new 6000 series Security Gateways.
“The new 6000 series gateways reinvent the midrange security appliance, giving best-in-class protection against the most advanced threats, and almost infinite scalability,” said Itai Greenberg, Check Point’s vice president of product management. “They consolidate threat prevention, emulation and extraction into a single high-performance platform that will meet customers’ needs both now and into the future.”