Incident response is the methodology an organization uses to respond to and manage a cyberattack. An attack or data breach can wreak havoc potentially affecting customers, intellectual property company time and resources, and brand value. An incident response aims to reduce this damage and recover as quickly as possible.
Investigation is also a key component in order to learn from the attack and better prepare for the future. Because many companies today experience a breach at some point in time, a well-developed and robust incident response plan is the best way to protect company.
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Incident Response Market: – Market Dynamics
Previously, companies only adopted security strategies and approaches to safeguard and maintain critical information integrity. However, due to a sudden rise in cybercrimes and data theft activities, businesses have begun to concentrate on detecting better security approaches for secure information deployed on the cloud as well as on-site and improving the internal security framework.
The companies have experienced cyber-attacks such as phishing, DDoS attacks, and social engineering attacks. Moreover, large organizations worldwide are taking initiatives to implement incident response solutions for their business applications deployed on the cloud as well as on premise, and facilitating other small enterprises to understand the usage of incident response capabilities and Internet security threats.
Incident Identification Threat is Hindering the Growth of Incident Response Market
Security incidents occur in many forms, which makes their identification difficult. Unusual behavior of a privileged user, unauthorized insider attempting to get access to sensitive data or servers, discrepancies in outgoing network traffic, configuration alteration, and many other incidents go unnoticed. Hence, the identification threat of an incident imposes a great challenge in the market growth.
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Incident Response Market: – Key Players
Key players in the incident response market are focusing on new product launches and product enhancements with the technology vendors to offer open source and pirated security solutions for sustained business growth.
The major players offering Incident Response solutions include –
- IBM
- Cisco
- Symantec
- Check Point
- Fireeye
- Bae Systems
- Rapid7
- Dell
- Accenture
- Verizon
- Crowdstrike
- Mcafee
- Optiv
- Trustwave
- Logrhythm
- Carbon Black
- Coalfire
Incident Response Market: – Segmentation
By Security Type, Incident Response Market is segmented into-
- Application Security
- Endpoint Security
- Network Security
- Cloud Security
By Vertical, Incident Response Market is segmented into-
- BFSI
- Government
- Healthcare and Life Sciences
- Retail and Ecommerce
- Travel and Hospitality
- Manufacturing
- Telecom and IT
- Others
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