The cybersecurity of corporations is currently in strong transition phase. The amount of high profile information security break-ins has been growing strongly and the uncertainty in global political environment is not decreasing the ambitions of the criminal community. Just a moment ago the world was more one-dimensional and predictable. Earlier the information security focused in firewalls and virus protection but now we have moved to era when the companies need new mind setting and cyber security experts to fight the cyber criminality. If the information security was earlier considered only as IT matter, it is today an integral part of the companies’ business strategy.
Since the need to invest in cybersecurities is related to larger social and technological growth drivers the growth of our industry is not significantly dependent of the growth in economy or IT markets. The key effects supporting the growth in cybersecurity are:
Digitalisation of the society
Transferring the company’s operations to electronic channels and contents is called digitalisation. As the cybersecurity used to involve mainly only the company’s information management it is currently more and more concerning various business operations.
The growth of cloud services and wireless connections
In recent years, the growth in for example cloud services, building the data centers and use of wireless services has been significant. At the same time, the need to access confidential company data with various mobile devices where ever and whenever has increased. This development is driving the companies to create new methods to secure confidential information and for user authentication.
The growth in cyber criminality
It is estimated that the damages caused by cyber criminality will be over EUR 300 billion in 2014. The cyber criminality is estimated to increase and develop strongly in the future, which is growing the need for more complex, highly automated cybersecurity solutions for large and small organisations.
Development of legislation
The legislation is expected to set stricter requirements for securing personal data. An example for this is the current pan-European reform of information security law. The overall risk in reputation and confidence related to negligence in the requirements as well as the legal sanctions will likely increase the demand for cybersecurity solutions.
National cybersecurity strategies and the growth of social demand
Alongside the development in legislation many nations have defined their own cybersecurity strategies to protect key functions of the society.
CLIENTS IN THREE SEGMENTS
Information management projects involve protecting and overseeing the safety of our client’s information networks, the trade secrets and other information assets therein and the operation of the network’s support systems. A well-working information security management system, which ensures that a specific risk level is applied throughout your partner network, is a vital part of securing your information management. Our typical clients in this segment include IT managers and chief information security officers.
The customer service channels used by clients are becoming increasingly digital. Regardless of whether your clients are businesses or consumers, they must have easy and reliable access to your digital services. Private information collected from consumers is absolutely essential for business. At the same time, the EU Data Protection Regulation requires this information to be carefully protected. Monitoring digital services in order to detect and prevent break-ins is critical for your business credibility. Our typical clients in this segment include electronic business managers and customer service managers.
Traditionally, critical infrastructure environments as well as research and development environments and production automation systems have been isolated from companies’ office networks and the Internet. As the industrial Internet develops further, new remote control and intelligent sensor data analysis capabilities will require more extensive networks and connectivity. This introduces new and bigger threats. Ensuring the safety of logistics services, critical infrastructure, devices under development and the security of intelligent production facilities requires increasingly substantial investments in cyber security. Our typical clients in this segment include product development managers and production managers.
Competitive environment and advantages
The cybersecurity market is fragmented. In addition to the cybersecurity experts, or security boutiques, like ourselves there are companies that specialize in information security technologies, IT integrators, international consultant and audit organizations as well as tele operators. Nixu’s segment separates from the general market with its specialization and expertise. In many other segments the cybersecurity is not the main operation but side products and services that supports and supplements other operations. Nixu cooperates with several various operators in the segment.
Measured with the amount of experts we are the largest cybersecurity expert service company in Scandinavia. Our competitive advantages are the focus in cybersecurity services, the largest offering in out field as well as our well-known brand. We are technologically independent, which means we can genuinely choose the most suitable solutions independent of the technology. With our long experience and competent experts we can provide solutions that are the best in the field and already tested in practice.