Improvements in visibility, detection & response, and multi-tenancy improves defenses, reduces operations cost, and fuels extremely profitable MSSP services offerings. Cyber breaches are growing in both frequency and severity.
Despite the vast amounts being spent on today’s state of the art cybersecurity solutions - data breaches are happening at an increasing rate with over 600 detected and reported in the U.S. alone by August 2016, and greater severity with over 20 million exposed records, a 20% increase over record-breaking years 2014 and 2015, according to the ITRC.