Best Cybersecurity Companies: Top 13 to Check Out in 2024

As the requirement for effective security protection develops, the market for cybersecurity technology has increased, as has the number of available solutions. We’ve compiled a list of the best cybersecurity technology companies around the globe to help you find your way around this expanding industry. These companies were chosen based on a variety of factors, including their level of innovation, revenue, and growth; user reviews; product features and benefits; analyst reports; independent security tests; and use cases. In the wake of recent high-profile ransomware attacks, software supply chain intrusions, and mergers, the industry is in a state of flux and fluctuation. In this article, we will discuss the best cybersecurity companies to invest in.

What Is a Cybersecurity Company?

A cybersecurity company is an organization dedicated to safeguarding digital systems, networks, and data from a myriad of cyber threats. These threats encompass a broad spectrum, ranging from malicious software and phishing attacks to sophisticated hacking attempts. The primary goal of a cybersecurity company is to develop and implement robust defense mechanisms that fortify the security posture of individuals, businesses, and governments.

These companies employ a multifaceted approach, often combining advanced technologies, threat intelligence, and expertise in information security. They create and deploy security solutions such as antivirus software, firewalls, and encryption tools to detect, prevent, and mitigate potential risks. Additionally, cybersecurity companies conduct comprehensive risk assessments to identify vulnerabilities in systems and develop strategies to address them effectively.

In an ever-evolving digital landscape, cybersecurity companies play a crucial role in staying ahead of emerging threats. They are always making changes to their methods and technologies to protect against new and changing cyber threats. In our connected and technology-dependent world, this is essential for keeping sensitive information safe and making sure it is always available.

What Do Cybersecurity Companies Do?

Companies rely heavily on cybersecurity firms to keep them safe from online dangers. They contribute to the innovation of tools and methods that can protect the digital holdings of a business. In addition, they form partnerships with companies to provide services such as penetration testing, vulnerability research, and system audits in order to protect against any potential dangers to business operations. 

Let’s learn more about what some of the leading cybersecurity companies have to offer. 

#1. Managed and Outsourced Information Technology

One of the most sought-after offerings from cybersecurity companies is outsourced IT and managed services. Companies that lack in-house technological competence in the area of cybersecurity might benefit greatly from using managed services. Companies often outsource their cybersecurity maintenance and support to specialized firms. 

Furthermore, the cybersecurity company handles everything from routine system checks and security updates to data recovery and system restoration. The key advantage of this arrangement is that it allows small and medium-sized businesses to avoid the high initial expenditures associated with employing and training their own cybersecurity professionals. 

#2. Penetration Testing

Networks and devices that are vulnerable to attacks and in need of security improvements can be pinpointed with the help of penetration testing. Depending on how extensive the exam is, this could take anything from a few days to several months. 

The customer establishes the parameters of the test and specifies the components and workflows that will be put through their paces. When conducting penetration tests, cybersecurity companies must adhere strictly to the client-defined scope. The purpose of this procedure is to safeguard the reliability of the company’s records. 

To perform this test, testers attempt to compromise a client’s network or web app in order to identify potentially vulnerable resources. The organization can take necessary preventative measures to strengthen its defenses after determining the at-threat systems and the severity of the danger involved. 

#3. Systems Auditing 

Many cybersecurity companies also provide clients with security audits to see if their systems are appropriately protected. This service’s purpose is similar to that of penetration testing, however, it is performed in a different way. The goal of a penetration test is to find security flaws by attempting to hack the target system. On the other hand, systems auditing is done to evaluate whether the client’s cybersecurity policies, protocols, and technologies are consistent with the legal requirements and industry standards.

These audits require a specialist due to the complex nature of the rules and regulations imposed by governments and regulatory bodies. There are plenty of cybersecurity companies that focus solely on HIPAA, FERPA, or PCI DSS compliance. 

Most health insurance providers, for instance, undergo a HIPAA (Health Insurance Portability and Accountability Act) audit to ensure compliance with the law’s requirements for the protection of patient health information through the use of appropriate technological, physical, and administrative measures. 

#4. Development of Applications and Other Software

A large number of cybersecurity companies focus solely on R&D. They create security applications that they license to other businesses in the cybersecurity industry or to their own customers. Products in this category can include anything from analysis software to firewalls and endpoint security applications to email analysis programs and system monitoring utilities. 

They have specialized research teams that constantly upgrade their equipment in response to emerging cyber threats and countermeasures.

Best Practices for Good Cybersecurity

Here are some of the best practices for good cybersecurity:

#1. Maintain a Regular Update Schedule

Updating your software and hardware on a regular basis is a vital cybersecurity practice that enables maximum security to be maintained at all times. An expanded security gap between the software’s security and the latest vulnerabilities might occur from using outdated software, and old technology can decrease response times to attackers. With regular servicing and upgrades, these problems can be readily avoided. 

#2. Two-Factor Authentication and Other Secure Password Practices

Strong passwords and multifactor authentication can help keep your data safe from hackers and other online dangers. To protect the security of your passwords, you should change them frequently and make them challenging. Avoid having it recorded anywhere, as this could lead to its misuse. 

A strong password and an additional authentication element, such as a one-time password (OTP), security question, or biometrics, is what’s known as “two-factor authentication.” 

#3. Routine Pap Tests

The flaws that hamper your company’s online presence can be better understood with the use of periodic vulnerability assessments and penetration tests. Results from vulnerability scans are reported in vulnerability assessments. 

While vulnerability scans merely identify security holes, penetration tests use those holes to learn how vulnerable the system and its contents really are.

By doing VAPT on a regular basis, you may rest assured that all potential security holes in your system have been uncovered and patched using the advice offered in the VAPT reports. Because of this, you won’t have to worry about potential dangers. 

#4. Backup Data

If you have a backup of your sensitive data in the event of a disaster or hack, you can restore it quickly and minimize the damage. 

Take backups in a safe, off-site location, like the cloud, or on a local device that only you have access to. If you want to be sure that your files are always accessible and safe, you should scan all of your storage devices for viruses every day.  

#5. Data Encryption

Transport Layer Security (TLS) can be used to encrypt data in transit and at rest. This prevents unauthorized parties from gaining access to sensitive information while it is in transit over a network. 

Data at rest can be encrypted with encryption keys and then decrypted at a later time. This protects data that is stored in a database or backup and is not actively being sent over a network.

How Do You Choose a Cybersecurity Company?

Choosing a cybersecurity company calls for a multi-stage process that fits your company’s unique requirements. First, you should undertake a risk assessment to determine your budget and any necessary regulations. Read reviews, talk to people in the business, and take into account any certifications or awards the vendor may have received before committing to working with them. 

Also, inquire about a proof of concept or demo so you may test the solution in your environment and get a sense of the company’s product offerings, technology stack, and customer support. Make sure the chosen solution can adapt to your changing cybersecurity requirements by negotiating terms and regularly evaluating its performance.

What Are the Best Cybersecurity Companies?

The following are the 13 best cybersecurity software and hardware companies, in our opinion.

#1. TrendMicro

TrendMicro is a cybersecurity company that offers security solutions for businesses, governments, and individuals. The company offers services in the areas of endpoint security, cloud security, and threat intelligence. Security solutions from TrendMicro are built to withstand even the most sophisticated cyberattacks.

Cybersecurity is a dynamic field, and cyber attacks are getting more sophisticated as time goes on. Strong cybersecurity measures are needed for businesses and individuals in light of the increasing number of cyber attacks. Several of the greatest US-based cybersecurity firms are highlighted in this article, firms that have earned the respect and confidence of businesses all over the world. A partnership with one of these cybersecurity companies can provide organizations and individuals with full defense against cyber attacks.

#2. Trellix

Trellix, the united organization of FireEye and McAfee Enterprise, has made it onto our lists of the best security products. To better serve SASE customers, Trellix refocused on XDR and divested itself of McAfee’s cloud operations, which it rebranded as Skyhigh Security. Symphony Technology Group (STG), a private equity firm, controls both companies as well as the following company on this list, RSA. That sounds complicated, and Trellix and Skyhigh may need time to establish their brands in security buyers’ minds.

Even though Skyhigh now offers CASB and the two companies have a joint DLP offering, Trellix continues to be successful in its core XDR market. This market comprises IDPS, SIEM, endpoint protection, threat intelligence, encryption, and email security.

#3. CrowdStrike

In addition to its excellent positions in the highly competitive EDR market and the burgeoning XDR market, CrowdStrike (CRWD) is well positioned for the future because it appears on our lists: EDR, XDR, MDR, vulnerability management as a service (VMaaS), and cybersecurity. Revenue is predicted to expand from $2.2 billion to $3 billion over the following year, and analysts expect a staggering 58% annual growth rate over the next five years, suggesting lots of buyer interest in CrowdStrike’s goods and services.

The fact that the 11-year-old Sunnyvale startup successfully repelled an attack from SolarWinds, a feat it shares with Palo Alto Networks, demonstrates how well-positioned it is for the rapidly growing MDR industry.

#4. Akamai Technologies

Akamai Technologies is a cybersecurity company that specializes in defense against distributed denial of service (DDoS) attacks; its name comes from the Hawaiian word for “clever” (akamai) or “cool” (akamai). Provided services include distributed denial of service (DDoS) shielding, online application firewalls, and cloud security. Akamai maintains a global network of servers, which it rents out to businesses that wish to speed up their websites by storing user data on computers located closer to them. 

Akamai’s domain name system directs a user’s browser to a nearby edge server that can provide the required content when the user visits the URL of an Akamai customer. By leveraging complex algorithms like stable matching and consistent hashing, Akamai’s mapping system routes each user to a nearby edge server, resulting in quicker, more consistent web downloads. In addition, Akamai also includes anti-DDoS and other security services in its edge server infrastructure.

#5. Fortinet

With headquarters in Sunnyvale, California, Fortinet is a cybersecurity company. Firewalls, endpoint security, and IDS/IPS are just some of the security products the company creates and markets. Fortinet has offices spread all over the world and was created by brothers Ken Xie and Michael Xie in 2000. Fortinet’s cybersecurity products are developed to defend against sophisticated cyberattacks. Firewalls, virtual private networks, endpoint security, and threat intelligence are among the services it offers. 

In addition, many of the world’s leading corporations rely on Fortinet’s cybersecurity products.

#6. Proofpoint

Proofpoint’s annual revenue reached $1 billion prior to its acquisition by Thomas Bravo and going private in 2021. Despite not knowing Proofpoint’s financial growth rate, its 20%+ 2021 sales growth makes it a suitable private company candidate. It is a Sunnyvale-based firm with an emphasis on user security; the company’s SECaaS product range is featured on five of our top product lists (cloud access security broker (CASB), data loss prevention (DLP), zero trust, threat intelligence, and email gateways). 

In addition to safeguarding emails and networks, Proofpoint also provides security awareness training, cloud protection, and a sandbox environment for testing new security measures. By acquiring Wombat Security in 2018, the firm entered security awareness training and was ready to tackle the biggest security risk: end-user blunders.

#7. Cisco

Cisco is an international leader in cybersecurity, offering services to protect companies of all sizes and individual users alike. A small group of computer scientists from Stanford University started it in 1984. Now, over 71,000 people work with the company across the globe. It provides a full suite of security solutions, including firewalls, IDS/IPS, VPNs, and cloud protection. Also, some of the world’s largest companies rely on Cisco’s security products.

#8. Check Point

The 30-year-old firewall pioneer Check Point (CHKP) may not wow investors with its 7% revenue growth, but its comprehensive security portfolio provides both great security and value. The company excels in many areas, including firewalls, gateways, unified threat management, endpoint detection and response, threat intelligence, incident response, encryption, and data loss prevention. Only two other companies, Palo Alto Networks and Fortinet, are atop Gartner’s Magic Quadrant for network firewalls, where it is positioned as a leader.

Check Point has received excellent results in third-party security evaluations conducted by MITRE, Cyber Ratings, and others and has maintained high levels of customer satisfaction.

#9. Sophos

RSA, McAfee, Symantec, and Trend Micro are among the industry’s older companies, including Sophos from the 1980s. The company appears to have increased its revenues since the investment firm Thomas Bravo took it private in 2020, putting a particular emphasis on its services. Sophos provides top-notch protection in several domains at surprisingly low prices. That’s why you’ll find Sophos on not one but twelve of our best-of lists: for web application firewalls, network gateway firewalls, unified threat management, endpoint detection and response, encryption, XDR, MDR, ransomware removal, container security, business application security, cloud malware protection platforms, and antivirus. 

While Symantec and McAfee have split their consumer and enterprise operations, Sophos and Trend Micro have kept full control over both sets of offerings. Sophos, in particular, provides a top-notch customer product that makes use of the same artificial intelligence (AI) technology found in its enterprise endpoint detection and response (EDR) solution. Sophos’ expertise in firewalls, networks, and cloud security gives it a good basis for the growing XDR market. Positive customer feedback suggests a high desire for items that score highly in areas like safety, cost, and usability.

#10. Palo Alto Networks

With headquarters in Santa Clara, California, Palo Alto Networks is an American multinational company specializing in cybersecurity. The business offers cutting-edge tools to protect networks from cybercriminals. Firewalls, endpoint security, cloud monitoring, and threat intelligence are just some of the services it offers. The company’s cybersecurity offerings are made to defend against both current and future cyber threats.

#11. Microsoft

Microsoft’s (MSFT) surprising success in independent security tests in recent years is an interesting development in the information security sector. For several years, the firm has ranked among the best in MITRE’s endpoint evaluations. But what about in 2017? That was the last thing any of us expected to see. The software titan has, behind the scenes, amassed a significant security portfolio. Active Directory (for IAM purposes), Microsoft Defender, Microsoft Sentinel (for intelligence and analytics), Azure Key Vault, Azure DDoS Protection, Azure Application Gateway, database security, and more are all part of Azure’s comprehensive suite of cloud-based security services. 

Microsoft’s ascent in the security business has been excellent news, particularly in a world that is still very much Windows-centric, despite the company’s periodic blunders and performance concerns.

#12. IBM

IBM is not the growth story it once was, but its impressive research and development capabilities ensure that it remains relevant in several areas of the information technology industry, including security. UEM, container security, SOAR, SIEM, IAM, encryption, database security, threat intelligence, single sign-on, patch management, managed security services, and cybersecurity products are just some of the areas in which Big Blue has been recognized as a market leader.

Even though it has lukewarm reviews from customers and a slow pace of innovation, analysis groups like Gartner continue to recommend it. IBM’s research capabilities may be its strength, given its recent advances in homomorphic encryption.

#13. McAfee

McAfee’s primary focus is on creating digital security products for desktop and server computers, with a recent emphasis on mobile devices. McAfee also offers end-to-end protection for homes and enterprises. Endpoint security, cloud monitoring, and threat analysis are just some of the services it offers. Protection from a wide variety of cyber threats is a primary goal of McAfee’s cybersecurity offerings.

Which Type of Cybersecurity Is in Demand?

In the ever-evolving field of cybersecurity, several areas are consistently in high demand. Cloud security is crucial as organizations increasingly migrate to cloud environments, requiring experts in securing cloud infrastructure and services. Endpoint security, focusing on protecting individual devices, is essential with the rise of remote work. Threat intelligence analysts, who analyze and respond to emerging cyber threats, are sought after to enhance proactive defense measures. 

Additionally, roles in penetration testing and ethical hacking are in demand to identify and rectify vulnerabilities. As the Internet of Things (IoT) expands, cybersecurity professionals specializing in IoT security are increasingly needed. Continuous learning and staying updated on emerging threats remain vital in this dynamic field.

Is Cybersecurity a Good Career?

Yes, cybersecurity is widely considered a promising and rewarding career. With the increasing frequency and sophistication of cyber threats, the demand for skilled cybersecurity professionals is consistently high. This field offers ethical hacking, penetration testing, incident response, and security analysis, permitting specialization based on interests. Cybersecurity careers often come with competitive salaries and benefits due to the critical nature of protecting sensitive information. 

Moreover, the industry is known for continuous learning, making it suitable for those who enjoy staying updated on evolving technologies and threats. As organizations globally prioritize digital security, cybersecurity professionals play a crucial role in safeguarding data, networks, and systems, making it a dynamic and impactful career choice with long-term prospects. Also, read the full details: Is Cybersecurity a Good Career?: Should You Go For It in 2024

Best Cybersecurity Companies to Invest In

Cloud computing is now a huge business worth hundreds of billions of dollars every year, and sales of security software that is “built in and for the cloud” have gone through the roof. Some of the best long-term prospects are among the stars in this field:

#1.  CrowdStrike Holdings

A cloud-native software firm, CrowdStrike Holdings (CRWD 3.49%) provides endpoint security—protection for devices such as laptops, PCs, and cellphones—and any other device linked to a network. Since it is hosted in the cloud, CrowdStrike is ideal for distributed teams.

CrowdStrike uses machine learning, a type of artificial intelligence, to identify security flaws and potential threats. There are millions of telecommuters and billions of internet-connected devices, and it’s simple to roll out to all of them. The number of customer-facing modules on the company’s platform has grown significantly, and the company has entered into new integration agreements with other technology firms to standardize data protection across an organization’s IT infrastructure.

Although the price of CrowdStrike’s premium shares took a major fall in 2022, the company’s business has been booming. Free cash flow indicates that it is also very profitable. CrowdStrike has the potential for rapid expansion in today’s always-connected, always-mobile environment.

#2. Zscaler

In addition to endpoint security services, Zscaler (ZS 5.01%), a cloud-native security company, aims to keep data safe. With a 65% share price decline in 2022, the company is growing sales and leading the pure-play cybersecurity sector.

Zscaler began as a SaaS product for network security in the cloud computing era, but the company has subsequently expanded its offerings to include internet security and end-user monitoring. With more and more people choosing to work remotely, there is a greater need to keep tabs on end users. Zscaler can capitalize on secular growth as global cloud computing spending exceeds $1 trillion by the end of the decade.

#3. SentinelOne

Another pure-play cybersecurity startup that has gone public recently is SentinelOne (S 6.73%). SentinelOne’s June 2021 IPO raised $1.2 billion at a $10 billion valuation, the most for a cybersecurity company. Due to a weak market in 2022 and slow revenue growth, SentinelOne’s stock is trading below its IPO price.

Despite the recession, revenues for this small business increased by almost 100% in 2022 compared to the previous year. In 2023, it anticipates a further 50% increase in sales. SentinelOne is making strides toward profitability despite its rapid growth. In the same vein as CrowdStrike, it provides an endpoint security platform that is hosted in the cloud. Clients are happy with its ability to automatically identify and eliminate cybersecurity threats.

Bottom Line

In conclusion, cybersecurity companies ensure the security of their clients’ digital infrastructure, including the Internet of Things, server farms, cloud storage, and back-end databases. The annual cost to businesses of cybercrime, viruses, and ransomware amounts to billions of dollars. On average, these attacks go undetected for 228 days, leaving their victims utterly handicapped and often impoverished. 

Companies that fail to protect their customers’ data risk having that trust eroded, which can be fatal to their business. For this reason, many businesses put a considerable amount of money into cybersecurity software and services.

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Reference

• esecurityplanet.com
• cybermagazine.com
• getastra.com
• packetlabs.net
• esecurityplanet.com
• fool.com