Nexusguard, the worldwide distributed denial of service (DDoS) security solutions provider, today announced the company was recognised in the Top 25 rankings on Cybersecurity Ventures' Q316 edition of the Cybersecurity 500. The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies. This is the sixth quarter in a row that Nexusguard has been listed, maintaining its No. 24 position as a global DDoS attack and prevention thought leader and the longest-standing member of the top 25.
Cybersecurity Ventures, which provides cyber security intelligence, evaluated a mix of criteria to determine the list of up-and-coming vendors, including company customer base, management team, notable implementations and feedback from Chief Information Security Officers (CISOs), value-added resellers (VARs), system integrators and other IT security decision-makers. The Cybersecurity 500's mission is to highlight potentially game-changing technologies and solutions positioned for success in selected vertical industry areas.
"Since all companies must now contend with cyberthreats to protect critical processes and preserve revenue, we anticipate record security spending on new technology, education and strategies within the next few years." says Steve Morgan, founder and CEO at Cybersecurity Ventures and editor-in-chief of the Cybersecurity 500 list. "As one of the most tenured members of our top 25, Nexusguard's adaptability and innovation continues to reinforce its strong standing among the leaders of the Cybersecurity 500."
In Nexusguard's latest Q2 Threat Report, the company's researchers found worldwide DDoS attacks increased 83% compared to the previous quarter. With international attention on the Summer Olympics and the upcoming US election season, the cybersecurity company's analysts predict Q3 will see continued growth in attacks. The cybersecurity industry is growing from US$75 billion in 2015 to eclipse US$1 trillion in 2020, according to consolidated estimates by IT research firms and analysts cited in the quarterly Cybersecurity Ventures Market Report.
"For many cybercriminals, attacks on networks, IT departments and individuals have become a lucrative business, complete with tech support and research and development of new exploits in some cases," said Jolene Lee, CEO of Nexusguard. "The Cybersecurity 500 guides and educates organisations on the impending and long-term risks to daily operations, and also highlights the expertise Nexusguard and other leaders are applying to address tomorrow's threats."
Interested?
View the full Cybersecurity 500 rankings from Cybersecurity Ventures
Read Nexusguard's Q2 2016 Threat Report: DDoS Reflection Attacks, published August 2016
Browse Nexusguard's Q2 2016 DDoS Threat Report Asia Pacific Region
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