RAD and Check Point Software team up on cyber security
Israel: RAD Data Communication, a leader in
secure communications solutions; and Check Point Software Technologies Ltd., a global
provider of software products for IT security entered into the joint venture to
offer an end-to-end cyber security solution that protects government and
national utility assets.
Both
the companies are combining their platform to provide the software package of
security measures which includes identity management, encryption,
authentication, intrusion prevention, anomaly detection, etc. The software
package can be applied to existing networks and help in preventing against the
various attacks such as distributed denial of service (DDoS) attacks, phishing,
spoofing and session hijacking.
TechSci
Research depicts that with these partnerships in the cybersecurity ecosystem
would help the end users such as government, defense, energy & utilities to
combat from cybercrime. Further, Asia-Pacific is also rapidly emerging as a
prominent market for cyber security product and service providers, due to
rising concerns of governments toward safeguarding their respective cyber
ecosystem.
TechSci Research, a global market research and
consulting firm closely analyse the development in the cyber security market
and has recently published a report, “Global
Cyber Security Market Forecast & Opportunities, 2020”, global cyber security market is
projected to surpass USD123 billion by 2020. Growing inclination towards cloud
storage, introduction of public clouds and growing emphasis on digitization are
propelling the need for cyber security across the globe. North America and
Europe have been the leading revenue contributors, capturing major shares in
the market in 2014. Moreover, Asia-Pacific is rapidly emerging as a potential
market for cyber security solution providers, driven by emerging economies such
as China, India and South-East Asian countries, wherein, rising cyber espionage
by foreign countries is inducing the need for safeguarding cyber space.