NAN August 2017

18 NORTH AMERICA NEWS / August 2017 , The cyber securitymarket is one of the fastest growing industries in the past few years. Per a report published by ZionMarket Research, the global cyber securitymarket is expected to reach $181.77 billion in 2021, with a compound annual growth rate of 9.5% from2016 to 2021. Recent Cyber Attacks Drive Growth in Cyber Security Markets The market is growing rapidly due to increasing penetration of the internet and growing adoption of cloud computing. Demand for cyber security solutions and products are expected to increase in the forecast period as cyber threats and cyber-crimes continue to grow. Big Wind Capital Inc, FireEye, Inc., Palo Alto Networks, Inc., CyberArk Software Ltd and Symantec Corporation. The report also indicates that North America is the world’s largest market for cyber security, while emerging markets in Asia Pacific will have a huge opportunity. The need for government, military, financial organisations, hospitals and other organisations to protect confidential data on computers is one of the major factors that drive the cyber security market. The cyber security market is divided into network security, cloud security, wireless security and others. Network security is dominating the market, with over 40% of market shares. Big Wind Capital Inc. listed on the Canadian Stock Exchange under the Ticker ‘BWC’ and Hill Top Security Inc, announced on August 2nd that, “HTSI has filed a patent for its Vauban cyber security platform, which provides an unprecedented level of risk assessment to help prevent and respond to cyber security attacks, including ransomware, Denial of Service (DoS) and malware. The company recently signed an LOI agreement with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets. The patent filing covers the Vauban’s platform’s unique, secure complex event processing system. Vauban was developed by HTSI’s in-house team, which is comprised of former U.S. military officers and personnel. Hill Top’s Vauban Cyber Security Platform: - Military- grade cybersecurity platform, called Vauban, aimed at small to medium-sized businesses (SMB). - Unique, world-leading ability to analyse and validate potential system threats - both internal and external. - Patent filing entitled Computerised System and Method for Providing Cybersecurity Detection and Response Functionality, covers Vauban’s multi-layered threat assessment system and processes. - Vauban has been developed by a team of security experts with substantial military and commercial experience and the company holds a top-secret clearance based on the work it currently carries out for the U.S. government. SMB Cyber Security Statistics: - Small-to-medium sized businesses have become the top target for cyber criminals. An estimated $75 billion per year is lost to ransomware attackers alone. The average hourly cost to small businesses being $8,581/hr in lost productivity. SMB’s (2,500 employees or less) number over 27 million and their total addressable market expected to exceed $2.2 billion, by 2020. Corby Marshall, CEO of Hill Top Security, said: “Small businesses have become the number one target for cyber criminals. The sheer volume and sophistication of modern cyber-attacks has reached the stage at which most companies cannot protect themselves without equally advanced defence mechanisms. This patent filing reflects our unique, unprecedented ability to scrutinise and assess potential cyber threats. The very limited resources available to most small businesses means the biggest gap in defences is the ability to both detect but assess and prioritise threats at a very early stage. Our Vauban platform addresses that vulnerability with a specialised, multi-layered approach.” Dev Randhawa, CEO of Big Wind, commented: “Hill Top Security is filling a gap in the cyber defences of small and medium-sized businesses that, until now, has left companies highly vulnerable. With its strong, military background, Hill Top’s team and its technology is of the highest calibre and we are excited at the potential as we move forward with them.” FireEye, Inc. is the intelligence- led security company. Working as a seamless, scalable extension of customer security operations, FireEye offers a single platform that blends innovative security technologies, nation-state grade threat intelligence, and world- renowned Mandiant consulting. On August 1st, FireEye reported financial results for the second quarter that had better than expected guidance revenue and improved operating margins. “We executed well against our priorities in the second quarter, delivering billings, revenue, earnings per share and operating cash flow above expectations,” said Kevin Mandia, FireEye chief executive officer. “We have made great progress rationalising our cost structure, and reduced our operating losses by more than $100 million in the first six months of the year compared to the first six months of 2016.” Palo Alto Networks, Inc. is the next-generation security company, leading a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organisations worldwide. On July 14th, Palo Alto Networks announced that