Cloud Security: 10 Top Startups

Posted April 6, 2018 By  Cynthia Harvey

These days, most enterprise executives are terrified of security incidents — and for good reason.

Already in 2018, cybercriminals have carried out successful attacks against Sears and Delta Air, Panera Bread, Saks Fifth Avenue and Lord & Taylor, MyFitnessPal, Orbitz, FedEx and the city of Atlanta, among others.

And according to the Ponemon Institute, the average cost of recovering from a data breach in 2017 was $141 per record. The average total per breach was $3.62 million for the organizations that Ponemon studied.

It's little wonder, then, that enterprises are upping their spending on IT security solutions. IDC forecasts that spending will rise at a compound annual growth rate of 9.6 percent through 2021. By then, spending will reach $119.9 billion, up from $83.5 billion in 2017.

Part of the difficulty with defending modern IT systems is that enterprise networks no longer have a defined edge that administrators can wall off and protect. Thanks to trends like cloud computing and the Internet of Things (IoT), enterprise networks are wider than ever — and that much more difficult to secure.

To address this changing reality, many organizations are turning to cloud-based security solutions. A large crop of startups is hoping to fill this need. This slideshow highlights 10 of the most promising that have been founded within the last five years and have received notable amounts of funding from venture capital firms.

Image source: Pixabay

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