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Cybersecurity Software in Retail and Consumer Goods

Retail industries sell consumer products and services to clients through multiple channels. The retail industry vertical is one of the largest industry verticals across the globe. It includes a large number of entities, such as online and offline retailers, manufacturers, distribution channels, and consumers. The penetration of social media, omnichannel shopping, and emerging payment technologies are transforming the retail industry vertical. In contradiction of this rapidly evolving digital retail landscape, retailers find themselves to be poorly protected targets of escalating and increasingly sophisticating cyber-attacks. This industry vertical always focuses on reducing costs and enhancing its business operations. Moreover, it is one of the most targeted industry verticals by cyber-attackers, due to the potential payouts and a large number of monetary transactions made via VISA, MasterCard, and other payment processing networks. SQL injection and brute-force are among the common attacks witnessed by this industry vertical.

Retail cybersecurity has often been reactive and underfunded; however, security vulnerabilities are now becoming a critical issue. From a technology perspective, retailers have historically taken a checkbox approach to PCI compliance. Compliance-based security has resulted in incomplete data protection and poorly integrated point solutions spread over a wide geographic area. Furthermore, the endpoint security is often neglected on PoS systems, due to challenges in implementation, maintenance, and training. Retailers are now adopting new technologies, such as location-based marketing and internal work localization from one floor to another to attract customers and take full advantage of online business opportunities, which are again vulnerable to threats.

Hence, retail organizations should secure network points that include PoS terminals, eCommerce websites, third-party vendors, employees’ access points, and the increasing IoT-based devices, such as printers and security cameras. The cybersecurity solutions are helping the retail industry to reduce the cyber risk and maintain a secure IT infrastructure.

COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY

11 companies offering Cybersecurity Software in Retail and Consumer Goods were analyzed, shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.

IBM, Cisco, HPE, and Trend Mirco have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.

Check Point Software, Dell, Palo Alto Networks, and Sophos have been identified as innovators as these vendors have a very focused product portfolio. However, they do not have very strong growth strategies for their overall business.

F-Secure has been identified as an emerging company. They do not have very strong business strategies as compared to other established vendors. They might be new entrants and require some more time before gaining significant traction in the market. Cyberark has been recognized as a dynamic differentiator.

Vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria, based on which vendors have been evaluated. The evaluation criteria considered under product offerings include breadth of offering, delivery, features/functionality, product quality and reliability, and product differentiation. The evaluation criteria considered under business strategy include geographic footprint (on the basis of geographic presence), channel strategy and fit, vision alignment, and effectiveness of growth (on the basis of innovations, partnerships, collaborations, and acquisitions).

VISIONARY LEADERS

Visionary Leaders generally receive high scores for most evaluation criteria. They provide mature and reputable mobile cybersecurity solutions. They also have strong business strategies. IBM, Cisco, HPE, and Trend Mirco are the leading players in the cybersecurity software market and are recognized as leaders. These vendors are making their presence felt by offering services that are required by most organizations.

INNOVATORS

Innovators demonstrate substantial product innovation as compared to their competitors. They have a very focused portfolio of cybersecurity software solutions and the potential to build strong business strategies for their business growth to be at par with the leaders. However, they do not have very strong growth strategies for their overall business. Check Point Software, Dell, Palo Alto Networks, and Sophos are recognized as innovators. Innovators have been at the forefront in deploying their services based on the clients’ custom software requirements for the niche market.

DYNAMIC DIFFERENTIATORS

Dynamic Differentiators are established vendors with very strong business strategies. However, they are low in the product portfolio. They generally focus on a specific type of technology related to the product.  Cyberark is recognized as a dynamic differentiator.

EMERGING COMPANIES

F-Secure has been recognized as an emerging player in the cybersecurity software market. The emerging players are specialized in offering highly niche and tailor-made solutions and services to their clients. They do not have very strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before gaining significant market traction.

Filters

Cybersecurity Software in Retail and Consumer Goods

  • 360 Score: 4.065 Reviews

    IBM offers category-wise products which include endpoint protection, network protection, mainframe security, application security, data security, security intelligence and operations, advanced fraud detection, cloud, and mobile security and IAM. IBM Identity and access management services help in protecting an organization from breaches, enhances productivity and competitiveness, and achieves and maintains regulatory compliance. It helps in increasing the maturity of the program with identity and access management services from IBM Security. IBM solutions help in detecting and stopping advanced threats. It automates threat detection and response across the enterprise. 

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    • Enterprise
    • New York, USA
    • Founded: 1911
    • $50BN to $100BN
    • 1,00,001 to 5,00,000
  • 360 Score: 3.874 Reviews

    HPE security protects digital assets with reassurance from the HPE risk management and digital protection service. HPE offers a different product such as security management, threat, and vulnerability defense. Security Information and Event Management (SIEM), security monitoring, data encryption, and key management, and data protection products included in the security management category. HPE security services provide comprehensive, redundant protection that guides servers and data from threats that exist and threats for the future. Its security risk management workshops, assessments, architecture, design and integration services accelerate digital transformation. HPE addresses vulnerabilities in applications and connection and builds security and compliance into the business.

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    • Enterprise
    • California, USA
    • Founded: 2015
    • $10BN to $50BN
    • 1,00,001 to 5,00,000
  • 360 Score: 3.525 Reviews

    Cisco offers products for a different category such as networking, wireless and mobility, security, collaboration, data center, analytics, video, IoT, and software. Security technology helps IT by simplifying security complexity. Small and mid-sized businesses use networking products of Cisco that secure the organization network architecture, manage connected devices, and make business decisions faster.

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    • Enterprise
    • California, USA
    • Founded: 1984
    • $10BN to $50BN
    • 50,001 to 75,000
  • 360 Score: 3.235 Reviews

    Through Cloud Migration, Trend Micro provides businesses with flexibility in protecting their cloud throughout the migration and expansion process. It facilitates businesses to gain better visibility and provides constant security throughout their cloud environments. The company's cybersecurity solution has the ability to collaborate with leading SIEM platforms to analyze telemetry data for advanced threat detection.

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    • Enterprise
    • Tokyo, Japan
    • Founded: 1988
    • $1BN to $5BN
    • 5,001 to 10,000
  • 360 Score: 3.125 Reviews

    Check Point is one of the renowned security software solution vendors. The company is actively focused on providing advanced security solutions for web, data, endpoints, and mobile devices. The cybersecurity solutions offered by Check Point help customers enhance the security layers of external and internal networks. The company provides security offerings that include security management, cloud security, endpoint security, data security, Unified Threat Management (UTM), mobile threat prevention, and network security. The company delivers IT services and security solutions, globally. Moreover, it is a provider of complete security architecture for protecting SMEs and large enterprises from ransomware, malware, and other types of sophisticated fifth generation cyber-attacks.

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    • Enterprise
    • Tel Aviv, Israel
    • Founded: 1993
    • $1BN to $5BN
    • 1,001 to 5,000
  • 360 Score: 2.482 Reviews

    Cortex cybersecurity software solves problems like security orchestration and automation, ML-based threat detection, investigation, and response. Real-time collaboration is available with Cortex. There is reduction in threat alerts, faster investigations are done, and the costs are reduced by 44%. Cortex ceases attacks with the power of good data. Cortex cybersecurity software has its own four products, Cortex XDR, Cortex XSOAR, Cortex Data, and Lake AutoFocus. All these four together make Cortex the most extensive product in the market that ensures high-class security.

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    • Enterprise
    • California, US
    • Founded: 2005
    • $1BN to $5BN
    • 1,001 to 5,000
  • 360 Score: 2.355 Reviews

    CyberArk Security Services accelerate privileged access security programs by providing the knowledge to classify and list the most complex privileged access programs in organization. Once identified, CyberArk Professionals offers strategy, execution and project-management skill to achieve the best privileged access protection solutions. In short, CyberArk Security Services help clients maximize tangible value sooner.

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    • SME
    • Massachusetts, USA
    • $101MN to $500MN
    • 1,001 to 5,000
  • 360 Score: 2.32 Reviews

    Fortinet has large category of product offerings such as next-generation Firewall, sandbox, endpoint security, Wi-Fi applications, switching, SIEM, web application firewall, cloud access security, email gateway, DDoS, IAM, and network testing. The company offers high-performance network security solutions to secure organization network, users, and data from threats.

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    • Enterprise
    • California, USA
    • Founded: 2000
    • $1BN to $5BN
    • 45,001 to 50,000
  • 360 Score: 2.22

    Sophos is a global leader in the network and endpoint security and helps the organization in data security. The company offers product offerings for network, end-user, and server categories with professional services. The company's cyber security solutions are powered by deep learning and Synchronized Security. Sophos Home leverages AI to detect and manage advanced viruses, malware, exploits, and ransomware attacks.

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    • Enterprise
    • Oxfordshire, UK
    • Founded: 1985
    • $500MN to $1BN
    • 1,001 to 5,000
  • 360 Score: 2.185 Reviews

    Dell Endpoint Security Suite Enterprise integrates innovative threat prevention with unmatched efficiency against threats and commodity malware. It uses exclusive artificial intelligence (AI) and active mathematical models to analyse files prior to their implementation and determine which are safe and which aren’t, thus restricting malware before it can run. It is built on thousands of indicators derive from careful analyses of millions of real-world activities and known good files. Dell stop threats without cloud connection or frequent updates. The intelligence is built into the endpoint either on physical device or a virtual machine. Dell identify the advanced threat prevention through Dell commercial system BIOS on boot and quickly alert administrators of any possible BIOS tampering.

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    • Enterprise
    • Texas, USA
    • Founded: 1984
    • $50BN to $100BN
    • 1,00,001 to 5,00,000
  • 360 Score: 1.82 Reviews

    F-Secure provides a wide range of cyber security solution, which include endpoint protection, cloud protection, advanced threat protection, network protection, email protection, and vulnerability management. The company's solutions enable businesses to be updated with the latest status of threats and incidents by providing customized reports on risk and compliance. F-Secure Protection Service for Business is a cloud-based endpoint protection solution that secures management portals, comupters, mobile devices and servers. 

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    • SME
    • Helsinki, Finland
    • Founded: 1988
    • $101MN to $500MN
    • 1,001 to 5,000

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