Tag: forrester
ID security acquisition to spark M&A growth
Identity security company CyberArk has announced that it is acquiring machine identity management specialist Venafi for US $1.54 billion from software-focused investor Thoma Bravo, which already manages US$138 billion in assets. The acquisition is being seen by some market sources as the start of more highly-focused acquisition-driven growth in the increasingly sharply defined and specialized cybersecurity sector. The logic behind the Venafi acquisition is clear. According to CyberArk, the number of machines is rapidly outpacing the growth of their human counterparts, with more than 40 machine identities for every human identity. By adding Venafi’s machine identity management to its dominant identity security position, CyberArk expects to expand its total addressable market by almost US$10 billion to around US$60 billion.
APAC Organizations Unable to Prevent 41% of Cyberattacks – November 3rd
In a study by Forrester in collaboration with exposure management company, Tenable found that companies in the Asia Pacific region could not prevent 41% of cyberattacks within the past two years. The APAC edition of the report "Old Habits Die Hard: How People, Process and Technology Challenges Are Hurting Cybersecurity" was based on a survey consisting of 219 cybersecurity leaders in APAC.