Absolute was recognized this week by Forbes magazine in the Top 10 Cybersecurity Companies to Watch by Louis Columbus. As the cybersecurity industry continues to experience unprecedented growth, endpoint resilience, visibility and control is more important than ever. Here’s an excerpt:
“Enterprises rely on Absolute to cut through the complexity to identify failures, model control options and refocus security intent. Rather than perpetuating organizations’ false sense of security, Absolute enables uncompromised endpoint persistence, builds resilience and delivers the intelligence needed to ensure security agents, applications, and controls continue functioning and deliver value as intended. Absolute has proven very effective in validating safeguards, fortifying endpoints, and stopping data security compliance failures.” – Forbes Magazine
In short, security agents fail reliably and predictability. Without visibility into the army of security agents you have running – you simply don’t know what’s working and what isn’t.
A Growing Need
As mega breaches continue to dominate headlines and the number of qualified personnel lags behind explosive job growth, Gartner predicts worldwide IT security spending will exceed $124 billion this year. This is more than double the $60 billion price tag reached just three years ago. The need for innovative responses to combat the barrage of cyber threats is reaching emergency levels, especially as data security regulations evolve and clean-up costs climb. One research firm estimates the global cost of cybercrime will reach $6 trillion annually by 2021.
Chief security officers are scrambling to build solid defenses while also championing the critical need for better data security across their organizations. Likewise, security vendors are building solutions that stop attackers in their tracks, particularly at the endpoint where 70% of breaches begin. But because cyber criminals are notoriously tenacious and there’s always more than one way in, organizations are forced to layer on multiple security tools to protect their data including encryption, anti-virus, anti-malware, patch management and others. While this approach certainly isn’t wrong, there are gaping holes in that theory too.
False Sense of Security
Complexity at the endpoint causes significant problems and often provides organizations with a false sense of security, not to mention negative ROI on the security dollars they worked so hard to secure. Too many agents — 10 on average according to our 2019 Endpoint Security Trends study of more than 6 million devices — will cause failure regularly and predictably. They are extremely fragile, degrade quickly, and create unnecessary friction for users so it’s inevitable that these agents will collide, be disabled by users, or go unpatched. These blind spots hinder the visibility of IT and security leaders and leave endpoints — and the organizations to which they belong — increasingly vulnerable over time.
Get our 2019 Endpoint Security Trends Report for more on how endpoint security agents fail.
Before layering on more tools, it’s important to first validate what you have and how well they are working. Without this critically important first step, a security team’s best efforts (and your budget) are likely wasted. The Motley Fool recently published an article on the importance of cybersecurity and, noting the rising costs of damages and a persistent need for security, the opportunities for Absolute are sizable. We couldn’t agree more.