Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cloud

10/17/2016
10:45 AM
50%
50%

Cloud Security Replacing Cybersecurity Industry, Says Analyst

UBS predicts flat corporate spending on IT as cloud computing service providers look set to take over cybersecurity customers.

Legacy cybersecurity products appear to be on the decline and analysts predict slow corporate IT spending as the cybersecurity industry moves over to cloud computing, says an Investopedia report. Investor’s Business Daily quotes research analyst Brent Hill of investment firm UBS as claiming that the US software cybersecurity market is on its last leg and competition will force vendors to cut prices.

“We are three years-plus into the cybersecurity spending ‘supercycle,’ where indiscriminate budgets and ‘binge buying’ seen in 2014/2015 appear to be firmly behind us,” says Hill.

However, he believes some industry giants are well-positioned to ride out the spending shift, because they have made moves into the cloud-based security market and teamed up with cloud providers. 

Cybersecurity stocks are currently subjected to bouts of volatility but the upcoming earnings season, says Investopedia, will make things clearer.

Read full report here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Microsoft Patches Wormable RCE Vulns in Remote Desktop Services
Kelly Sheridan, Staff Editor, Dark Reading,  8/13/2019
The Mainframe Is Seeing a Resurgence. Is Security Keeping Pace?
Ray Overby, Co-Founder & President at Key Resources, Inc.,  8/15/2019
GitHub Named in Capital One Breach Lawsuit
Dark Reading Staff 8/14/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
7 Threats & Disruptive Forces Changing the Face of Cybersecurity
This Dark Reading Tech Digest gives an in-depth look at the biggest emerging threats and disruptive forces that are changing the face of cybersecurity today.
Flash Poll
The State of IT Operations and Cybersecurity Operations
The State of IT Operations and Cybersecurity Operations
Your enterprise's cyber risk may depend upon the relationship between the IT team and the security team. Heres some insight on what's working and what isn't in the data center.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-15151
PUBLISHED: 2019-08-18
AdPlug 2.3.1 has a double free in the Cu6mPlayer class in u6m.h.
CVE-2019-15149
PUBLISHED: 2019-08-18
core.py in Mitogen before 0.2.8 has a typo that drops the unidirectional-routing protection mechanism in the case of a child that is initiated by another child. The Ansible extension is unaffected.
CVE-2019-15145
PUBLISHED: 2019-08-18
DjVuLibre 3.5.27 allows attackers to cause a denial-of-service attack (application crash via an out-of-bounds read) by crafting a corrupted JB2 image file that is mishandled in JB2Dict::JB2Codec::get_direct_context in libdjvu/JB2Image.h because of a missing zero-bytes check in libdjvu/GBitmap.h.
CVE-2019-15146
PUBLISHED: 2019-08-18
GoPro GPMF-parser 1.2.2 has a heap-based buffer over-read (4 bytes) in GPMF_Next in GPMF_parser.c.
CVE-2019-15147
PUBLISHED: 2019-08-18
GoPro GPMF-parser 1.2.2 has an out-of-bounds read and SEGV in GPMF_Next in GPMF_parser.c.