The Gartner Invest Analyst Insight report, which will guide the future investment plans of managers and decision-makers in the cybersecurity market, was published on October 19, 2022. SOCRadar is also recognized as a recommended EASM vendor in this short report that provides investors with critical insights into which products and solutions they should turn to.
Everyone is watching the economic contraction in the technology market and many other industries with great concern. The possibility of growth plans being put on hold due to a potential financial crisis still lurks. Company boards also seem to make their investment plans considering this risk.
Companies Fear Economic Constraints
Gartner’s survey shows that almost half of companies think economic conditions will be among the factors that most affect their 2023 and 2024 growth plans.
Based on the survey results, it is easy to assume that organizations will cut their budgets in the next 1-2 years. This is where Gartner’s Invest Analyst Insight report plays an important role. It proposes solutions combining effective budget management with a robust cybersecurity posture.
Cybersecurity: A Risk You Can’t Underestimate
Cybercriminals have no boundaries. Regardless of the geographical location and industry, they do not hesitate to conduct cyber attacks against the targets they see as a profit. Ransomware attacks, for instance, have caused heavy financial and reputational damage in many organizations worldwide. SOCRadar’s Global Ransomware Report indicates the average ransom payment for the manufacturing and utility industries alone was over $4M in 2021. When we look at the data of 2022, it is striking that nearly 70% of the organizations that were attacked by ransomware tend to pay the ransom, but a considerable part of them could not recover their data. The mere threat of ransomware reveals that cybersecurity is a business risk, not a technical one.
Garner urges organizations to minimize risk by migrating to technologies with which organizations can manage their attack surface. Thus, it underlines that incidents that may occur due to the supply chain can be prevented more efficiently. SOCRadar makes it easier to take action against potential supply chain risks by meeting the intelligence demands of its customers about the vendors they get service from. Thanks to its contextual intelligence about service providers of the organizations, thus preventing data, financial or reputational loss.
Gain Additional Visibility in an Automated Manner
SOCRadar’s EASM suite, AttackMapper, functions as part of the holistic ExtendedThreatIntelligence concept and discovers organizations’ digital assets with a “hacker mindset.” It offers a unique combination of ML, AI, and HUMINT and automatically maps all your internet-facing technologies that could pose a risk without needing inventory.
AttackMapper’s advanced monitoring algorithms add visibility and provide contextual intelligence, saving your security team time. Here are the AttackMapper modules we offer to best manage your attack surface, which is increasing with the changing and developing technology dynamics:
- Critical Port Detection
- Digital Footprint Discovery
- Digital Asset Monitoring
- DNS Monitoring
- Vulnerability Detection
- SSL Certificates Monitoring
- Website Monitoring
EASM, DRP & CTI: Working Wonders Together
SOCRadar AttackMapper, RiskPrime, and ThreatFusion form the XTI concept that combines everything you need to maintain a solid cybersecurity posture. Start exploring SOCRadar Freemium right now to access tactical, strategic, and operational intelligence for one free year!
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