As individuals, organizations, and top-performing companies all around the world transition into a digital platform, the demand for cybersecurity solutions have been increasing and are more significant now more than ever. The different departments of organizations such as in accounting, general, marketing, communication, administrative, clerical tasks, and more input data and perform key business processes on digital platforms. More so, companies have utilized IT in managing key corporate assets digitally. Shifting into being a more globally-competitive and innovative company, companies maximize their information systems to implement their corporate strategies that will then lead to achieving their goals.
Moreover, an emerging digital firm can mediate significant business relationships, have greater flexibility and efficiency in the organization, be guided towards operational excellence, and reduce losses that are caused by inefficiencies. It has fostered a more effective and dynamic collaboration between employees. Businesses invest in IT, information systems, and shifting into digital platforms as it creates value and increases profitability.
However, utilizing IT and information systems that create a centralized database for companies and are then used for the management of the company’s data and business processes poses a significant and harmful risk for organizations. Several threats can sabotage and compromise the digital platform that a firm uses. One of the most common examples of these is the attack on databases by IT hackers who may act as an individual or as a member of a rival organization. Additionally, low email security can be a point of opportunity where hackers can obtain confidential information. The Internet of Things which has been gaining popularity due to the improved efficiency it offers can pose a great threat to the digital platforms. All this leads to losing some, if not all, of the company’s most crucial and critical data, processes, and systems. Also, a breach in the company’s information systems may incur financial losses together with loss of customer trust.
Although these risks and threats may appear too complex, technical, and sophisticated to someone who does not have background knowledge in the field of cybersecurity, such cyber threats can be prevented. The field of cybersecurity dedicates itself to the detection, prevention, and management of the emerging threats within digital platforms through the installment of security measures and the regular monitoring of different network operations and other activities. All that said, a strong cybersecurity solution and prevention must be set in place through hiring a firm that provides topnotch cybersecurity products and services.
The Cybersecurity Market
The market of cybersecurity software has been forecasted to grow 10% per year through 2023 as it is a fragmented market, there are several opportunities for different players to boost their market positions. Some of the most competitive cybersecurity providers are Fortinet and Palo Alto Networks, which are cloud-based, and Cisco Systems and Juniper Networks.
As Fortinet remains one of the top cybersecurity providers, Fortinet Chinese company brothers Ken and Michael Xie have become billionaires from their stakes in Fortinet.
Fortinet is a Silicon Valley-based network security software firm which the two mentioned brothers, Ken and Michael Xie, founded almost twenty years ago. In 2019, its shares had reached US$81.22 which is six times greater than its public offering price back in 2009. Also, in 2019 from its creation in 2000, Fortinet had reached a US$13 billion valuation which has exceeded Juniper Networks which is one of the firm’s top competitors in the cybersecurity software market.
Fortinet has provided services of security all around the world among the largest enterprise, government organizations, and service providers. It is geared towards security-driven networking. It is dedicated to offering its customers powerful and intelligent protection within the expanding attack surface and having the power to take ever-increasing performance requires the borderless network. Be it in networked, cloud, application, mobile environment meets, or more, Fortinet caters to the need of addressing the most crucial and critical security challenges. In the export of most security appliances worldwide, Fortinet remains number one having more than 450,000 customers. Its solution effectiveness, competence, and market position have been strongly and widely supported by independent testing labs, industry analysts, media outlets, and business organizations worldwide.
The Security Fabric
It is the mission of Fortinet to bring the most innovative, empowering, and highest-functioning network security fabric to protect and organize your IT architecture and infrastructure. The security fabric guides organizations into achieving digital innovations results without having to compromise. Some of the benefits of these true cybersecurity platform include:
- Integrated solutions that help in reducing the complexities of offering multiple point products
- Increased efficiency of operations and response through automated workflows and business processes
- A broader perspective on the digital attack surface for customers so they can prevent and manage threats better.
Fortinet is known to be the only security leader that develops and builds its custom security processing unit and provides top performance and cost value in the market. Compared to other software approaches, Fortinet has a Security Compute Rating between 3 to 47x. It is a top global competitor providing network security and SD-WAN, network access control, switching and wireless access, public and private cloud security, AI-driven advanced threat intelligence protection, and solutions for enterprises, data centers, carriers, and distributed offices. One of the most dynamic and validated machine learning systems and artificial intelligence (AI) in the industry is utilized every day by Fortinet FortiGuard Labs to manipulate, analyze, and process events amounting up to more than 10 billion. Fortinet then sends actionable real-time threat intelligence to Fortinet’s customers.
FortiGate is the company’s flagship enterprise firewall platform. It is a versatile firewall platform as it is available in a variety of form factors and sizes to adapt to any environment or condition. It also offers a wide range of networking functions and next-generation security.
Information systems and databases are one of the assets of a business. More so, its technological advancement and digital innovations can be considered as assets as well. Managing these can be very complex and difficult. One of the ways you can lessen the burden and prevent graver risks for your organization is by hiring a security-driven networking company who is ready to offer you with all the security measures and products you may need.