The Brazilian market is shifting toward more integrated security solutions that combine the best of automation and human expertise, ISG Provider Lens report says
No longer a l***** or an afterthought, cybersecurity services and products have become increasingly indispensable for enterprises in Brazil as the country continues to be one of the most-attacked in the world, according to a new research report published by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
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“It is vital for enterprises to keep up with the latest trends and technologies for managing security risks”
The 2023 ISG Provider Lens™ Cybersecurity – Solutions and Services report for Brazil finds the country faces the second highest number of cyberattacks in Latin America, second only to Mexico. The threats have sparked a rapid evolution in the Brazilian cybersecurity market as vendors adapt their security posture and solution architecture to meet the needs for next-generation security, the ISG report says.
“Cybersecurity is a major strategic issue in Brazil,” said Doug Saylors, partner, co-lead, ISG Cybersecurity. “It is essential for maintaining business continuity and customer confidence.”
According to data from CERT (Center for Studies, Response and Treatment of Security Incidents in Brazil), cyberattacks peaked in 2020, dropped the following year, but grew again in 2022. Government agencies, hospitals, education groups, manufacturers, retail chains and technology companies have all been victims at some point, the ISG report says.
As technology continues to advance rapidly, the cybersecurity threat in Brazil is growing at a similarly speedy pace. According to the ISG report, enterprises have been forced to d*** with ransomware, social engineering attacks, insider threats and IoT-based attacks as well as attacks to their supply chains. In addition to successfully pinpointing a variety of security vulnerabilities, cyberthreats are constantly evolving. New possibilities for danger and methods of attack are emerging all the time, ISG says.
Unfortunately, many companies lack the internal expertise necessary to manage cybersecurity risks on their own, the ISG report says. According to the report, this can make identifying and mitigating cyberthreats difficult and underscores the importance of engaging with providers that have the necessary tools, services and experience to help enterprises address cyberthreats more effectively.
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“It is vital for enterprises to keep up with the latest trends and technologies for managing security risks,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “Such knowledge provides the background companies need to invest in the most effective solutions and expertise to protect their systems and data.”
The report also examines the growing role of penetration testing and vulnerability assessments in identifying and remediating vulnerabilities in networks and systems.
The 2023 ISG Provider Lens™ Cybersecurity – Solutions and Services report for Brazil evaluates the capabilities of 79 providers across six quadrants: Identity & Access Management (IAM), Extended Detection & Response (XDR), Security Service Edge (SSE), Strategic Security Services, Technical Security Services and Managed Security Services – SOC.
The report names IBM as a Leader in four quadrants, while Accenture, ISH and Logicalis are named as Leaders in three quadrants each. Agility, Broadcom, Capgemini, Deloitte, Microsoft, NTT Ltd., and PwC are named as Leaders in two quadrants each, while Cato Networks, Cirion, Cisco, CrowdStrike, Edge UOL, E-TRUST, EY, Forcepoint, Kaspersky, Netskope, Okta, OpenText, Palo Alto Networks, RSA, senhasegura, Stefanini, Trend Micro, T-Systems, Unisys, Versa Networks, VMware, Wipro and Zscaler are named as Leaders in one quadrant each.
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