Nexusguard Places in Top 25 on Cybersecurity 500 List for Six Quarters in a Row
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Cloud-enabled DDoS mitigation firm earns No. 24 ranking as longest-standing Top 25 member among IT security innovators
HONG KONG, CHINA – Media OutReach – Aug 12, 2016 – Nexusguard, the worldwide leader in distributed denial of service (DDoS) security solutions, today announced the company was recognized in the Top 25 rankings on Cybersecurity Ventures’ Q3 2016 edition of the Cybersecurity 500. The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies — ranging from the largest and most recognizable brands, to VC-backed startups and emerging players, to small firms with potentially disruptive technologies, to solution providers poised for growth around productized or vertically focused services. This is the sixth quarter in a row that Nexusguard has been listed, maintaining its No. 24 position as a global DDoS attack and prevention thought leader and the longest-standing member of the top 25.
Cybersecurity Ventures evaluates a mix of criteria to determine the list of up-and-coming vendors, including company customer base, management team, notable implementations and feedback from chief information security officers (CISOs), value-added resellers (VARs), system integrators and other IT security decision-makers. The Cybersecurity 500’s mission is to give a nod to security companies ranging from the largest brands to emerging startups, highlighting potentially game-changing technologies and solutions positioned for success in certain vertical industry areas.
“Since all companies must now contend with cyberthreats to protect critical processes and preserve revenue, we anticipate record security spending on new technology, education and strategies within the next few years.” says Steve Morgan, founder and CEO at Cybersecurity Ventures and editor-in-chief of the Cybersecurity 500 list. “As one of the most tenured members of our top 25, Nexusguard’s adaptability and innovation continues to reinforce its strong standing among the leaders of the Cybersecurity 500.”
In Nexusguard’s latest Q2 Threat Report, the company’s researchers found worldwide DDoS attacks increased 83 percent compared to last quarter. With international attention on the Summer Olympics and the upcoming U.S. election season, the cybersecurity company’s analysts predict Q3 will see continued growth in attacks. The cybersecurity industry is growing from $75 billion in 2015 to eclipse $1 trillion in 2020, according to consolidated estimates by IT research firms and analysts cited in the quarterly Cybersecurity Ventures Market Report.
“For many cybercriminals, attacks on networks, IT departments and individuals have become a lucrative business, complete with tech support and research and development of new exploits in some cases,” said Jolene Lee, chief executive officer of Nexusguard. “The Cybersecurity 500 guides and educates organizations on the impending and long-term risks to daily operations, and also highlights the expertise Nexusguard and other leaders are applying to address tomorrow’s threats.”
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