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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Commentary
Cyberattacks Are Tailored to Employees ... Why Isn't Security Training?
Tim Sadler, CEO and co-founder of Tessian,  6/17/2021
Edge-DRsplash-10-edge-articles
7 Powerful Cybersecurity Skills the Energy Sector Needs Most
Pam Baker, Contributing Writer,  6/22/2021
News
Microsoft Disrupts Large-Scale BEC Campaign Across Web Services
Kelly Sheridan, Staff Editor, Dark Reading,  6/15/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-2322
PUBLISHED: 2021-06-23
Vulnerability in OpenGrok (component: Web App). Versions that are affected are 1.6.7 and prior. Easily exploitable vulnerability allows low privileged attacker with network access via HTTPS to compromise OpenGrok. Successful attacks of this vulnerability can result in takeover of OpenGrok. CVSS 3.1 ...
CVE-2021-20019
PUBLISHED: 2021-06-23
A vulnerability in SonicOS where the HTTP server response leaks partial memory by sending a crafted HTTP request, this can potentially lead to an internal sensitive data disclosure vulnerability.
CVE-2021-21809
PUBLISHED: 2021-06-23
A command execution vulnerability exists in the default legacy spellchecker plugin in Moodle 3.10. A specially crafted series of HTTP requests can lead to command execution. An attacker must have administrator privileges to exploit this vulnerabilities.
CVE-2021-34067
PUBLISHED: 2021-06-23
Heap based buffer overflow in tsMuxer 2.6.16 allows attackers to cause a Denial of Service (DoS) by running the application with a crafted file.
CVE-2021-34068
PUBLISHED: 2021-06-23
Heap based buffer overflow in tsMuxer 2.6.16 allows attackers to cause a Denial of Service (DoS) by running the application with a crafted file.