US-based cybersecurity companies take up initiatives to fight against the cyberattacks

United States: Fortinet and Intel Security, the two major players in cyber security based in Silicon Valley, are independently launching the cyber security initiatives to increase their workforce as well as the collaborations with other companies in order to fight against the most dangerous cyberattacks.

The Sunnyvale-based Fortinet has announced the launch of an academy for Network Security where an estimated 200,000 unfilled U.S. cybersecurity jobs will be addressed. The academy will also deal in delivering various equipment and related services to the students for their training to get cybersecurity related jobs.

Fortinet’s chief strategist of global security, Mr. Derek Manky stated that this initiative will provide the students with the required skill set. In addition, various universities across the globe are also coming forward in order to support this initiative.

Similarly, the Santa Clara-based Intel Security encouraged the cybersecurity companies to share the cyber threat data with each other. Currently, these companies are prohibited to publish the cyberattacks data under the corporate policy.

These initiatives will help the companies to block the cyber attackers from hampering their networks and databases. In 2014, Fortinet, Intel Security and Palo Alto collaborated to form Cyber Threat Alliance for supporting the same purpose. In addition, a grant of USD921 thousand has been awarded by the California Community College Chancellor's Office in order to enhance its high school training programs in the Silicon Valley.

TechSci Research depicts that as the cybersecurity threats are increasing across the globe, these initiatives by the prominent cybersecurity firm will enhance the overall ecosystem.

According to the recent report by TechSci Research, “Global Cyber Security Market Forecast and 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.