Cybersecurity Ventures recently announced its Q3 2016 Cybersecurity 500, a directory of the 500 hottest and most innovative cybersecurity companies to watch this year. Cybersecurity has become a never-ending, mission-critical topic that all organizations must contend with. Worldwide spending on cybersecurity-related products and services is expected to top $1 trillion for the 2017 to 2021 timeframe, Cybersecurity Ventures reported.
Beyond selecting a company, get a better understanding of how to prevent cybercrime by reading our guide to cyberthreat prevention. We explain how to reduce your risk of information loss, deal with employees leaving to join a competitor, and manage your data on the Internet or in the cloud.
Here we've highlighted the top 25 companies from the Cybersecurity 500 for the third quarter of 2016. See methodology.
root9B is a provider of cybersecurity and advance technology training capabilities, operational support and consulting services. The company is dedicated to the delivery of solutions and services based on technical innovation and professional excellence. root9B's workforce consists of U.S. military and law enforcement veterans with extensive experience in providing advanced technology solutions.
Sector: Cybersecurity Consulting and Operational Support
Corporate HQ: Colorado Springs, Colo.
Dynamic IT entrepreneur Robert Herjavec, founded Herjavec Group in 2003, which quickly became one of North America's fastest-growing technology companies, accelerating from $400K to $140 million in sales annually over 12 years. The company delivers managed security services globally supported by a state-of-the-art, PCI compliant Security Operations Centre (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including compliance, risk management, networking and incident response.
Sector: Information Security Service
Corporate HQ: Toronto, Canada
As a global leader in IT security, IBM offers the strategies, capabilities, and technologies necessary to help agencies preemptively protect Web applications from threats and address the complexities and growing costs of security risk management and compliance.
Sector: Enterprise IT Security Solutions
Corporate HQ: Waltham, Mass.
Since 1993, Check Point has been dedicated to providing customers with uncompromised protection against all types of threats, reducing security complexity and lowering total cost of ownership. The company's mission is to stay focused on customer needs and develop solutions that redefine the security landscape.
Sector: Unified Threat Management
Corporate HQ: Tel Aviv, Israel
Palo Alto Networks' security platform natively brings together all key network security functions, including advanced threat protection, firewall, IDS/IPS, and URL filtering. Because these functions are natively built into the platform and share important information across the respective disciplines, it ensures better security than legacy firewalls, UTMs, or point threat detection products.
Sector: Threat Detection and Prevention
Corporate HQ: Santa Clara, Calif.
Cisco security innovations provide highly secure firewall, Web and email services, while helping to enable mobility and teleworking. Cisco security products include access control and policy, advanced malware protection, email security, firewalls, network security, NGIPS, security management, VPN and Web security.
Sector: Threat Protection and Network Security
Corporate HQ: San Jose, Calif.
Fortinet protects networks, users and data from continually evolving threats. As a global leader in high-performance network security, the company enables businesses to consolidate and integrate stand-alone technologies without suffering performance penalties. Fortinet solutions empower customers to embrace new technologies and opportunities while protecting essential systems and content.
Sector: Enterprise Security Solutions
Corporate HQ: Sunnyvale, Calif.
BAE Systems consulting services help clients prepare for cyber attacks by understanding and managing cyber exposure, enabling them to make informed investment decisions and to put pragmatic, cost-effective protection in place.
Sector: Cybersecurity Risk Management
Corporate HQ: Surrey, U.K.
FireEye has invented a purpose-built, virtual machine-based security platform that provides real-time threat protection to enterprises and governments worldwide against the next generation of cyber attacks.
Sector: Advanced Threat Protection
Corporate HQ: Milpitas, Calif.
Sera-Brynn is a cybersecurity firm and PCI QSA dedicated to helping clients secure their computing environments and meet applicable mandatory industry and government compliance requirements.
Sector: Cyber Risk Management
Corporate HQ: Suffolk, Va.
Clearwater Compliance helps health care organizations ensure patient safety and improve the quality of care by safeguarding the confidentiality, integrity and availability of protected health information (PHI). The company has assisted more than 400 customers to operationalize and mature their information privacy, security, compliance and information risk management programs.
Sector: Risk Management and Compliance
Corporate HQ: Nashville, Tenn.
Gigamon provides an intelligent Visibility Fabric™ architecture for enterprises, data centers and service providers around the globe. Gigamon technology empowers infrastructure architects, managers with pervasive and dynamic intelligent visibility of traffic across both physical and virtual environments without affecting the performance or stability of the production network.
Sector: Data Center and Cloud Security
Corporate HQ: Milpitas, Calif.
RSA, the security division of EMC, is a provider of intelligence-driven security solutions. RSA helps organizations solve their security challenges: managing organizational risk, safeguarding mobile access and collaboration, preventing online fraud, and defending against advanced threats.
Sector: Intelligence Driven Security
Corporate HQ: Bedford, Mass.
Founded in 1982, Symantec has evolved to become a global leader in cybersecurity, with more than 11,000 employees in more than 35 countries. Operating one of the world's largest cyber intelligence networks, Symantec sees more threats and protects millions of customers from the next generation of attacks.
Sector: Endpoint, Cloud and Mobile Security
Corporate HQ: Mountain View, Calif.
Mimecast delivers cloud-based email management for Microsoft Exchange, including archiving, continuity and security. By unifying disparate and fragmented email environments into one holistic solution that is always available from the cloud, Mimecast minimizes risk and reduces cost and complexity, while providing total end-to-end control of email.
Sector: Email Security
Corporate HQ: Watertown, Mass.
Sophos began producing antivirus and encryption products nearly 30 years ago. Today, the company's products help secure the networks used by 100 million people in 150 countries and 100,000 businesses. As IT networks grow in complexity, Sophos focuses on keeping IT security simple and reliable.
Sector: Antivirus and Malware Protection
Corporate HQ: Abingdon, UK
Rapid7's IT security solutions deliver visibility and insight that help organizations make informed decisions, create action plans, monitor progress and simplify compliance and risk management. Over 2,500 enterprises use Rapid7's simple, innovative solutions. Its free products are downloaded over one million times per year and are enhanced by more than 200,000 open source security community members.
Sector: Security Data and Analytics Solutions
Corporate HQ: Boston, Mass.
Thycotic is a global leader in next-generation IT security solutions that protect organizations again cyber attacks that use privileged accounts to strike at the core of the enterprise.
Thycotic, a global leader in next-generation enterprise password management, delivers an indispensable, comprehensive privileged-account-management solution to protect your "keys to the kingdom" from cyber attacks and insider threats.
Sector: Privileged Account Management
Corporate HQ: Washington, D.C.
In the 2000s, the concept for IKANOW was formed around the following questions:
While IKANOW was crafted around these core questions, the company has since grown and has created additional cyber-threat intelligence, risk management, and SIEM tools, but the focus has not changed.
Sector: Information Security Analytics
Corporate HQ: Reston, Va.
CyberArk is laser-focused on taking down targeted cyber threats, especially those that make their way inside to attack the heart of the enterprise. Dedicated to stopping attacks before they stop business, CyberArk is trusted by many of the world's leading companies – including more than 35 percent of Fortune 100 companies – to protect their highest-value information assets, infrastructure and applications.
Sector: Cyber Threat Protection
Corporate HQ: Petach-Tikva, Israel
Founded in 1999, Digital Defense, Inc. is a provider of managed security risk assessment solutions, protecting billions of dollars in assets for small businesses to Fortune companies in over 65 countries.
Sector: Managed Security Risk Assessment
Corporate HQ: San Antonio, Texas
Proofpoint helps companies protect and govern their most sensitive business data by providing an innovative security-as-a-service solution that protects data from attacks and enables organizations to effectively meet complex and evolving regulatory compliance requirements.
Sector: Security as a Service
Corporate HQ: Sunnyvale, Calif.
Code Dx is a software assurance analytics tool that consolidates and normalizes vulnerabilities detected by disparate code analysis tools. Its visual analytics help you triage and prioritize your software's vulnerabilities for efficient remediation.
Sector: Software Assurance Analytics
Corporate HQ: Northport, N.Y.
As a longtime leader in DDoS defense, Nexusguard is at the forefront of the fight against malicious Internet attacks, protecting organizations worldwide from threats to their websites, services, and reputations. Continually evolving to face new threats as they emerge, the company has the tools, insight, and know-how to protect clients' vital business systems no matter what comes their way.
Sector: Cloud Enabled DDoS Mitigation
Corporate HQ: San Francisco, Calif.
BT provides a full range of cybersecurity consultancy and services. They conduct ethical hacking exercises to identify weaknesses, and then undertake continuous vulnerability scanning and threat monitoring.
Sector: Security and Risk Management Solutions
Corporate HQ: London, UK
According to Steve Morgan, the research company's founder and CEO, thousands of potential companies were considered by soliciting feedback from CISOs and end-user security practitioners and researching hundreds of security events and news sources.
The companies on this list were evaluated on their security market category, problems solved, customer base, feedback, VC funding, company growth, published reviews, among other factors. The Cybersecurity 500 does not rank companies by revenues, employees, or annual growth. "We didn't think a list of the largest cybersecurity companies would be very useful to our target audience of cyber and IT security decision makers, evaluators, and recommenders," said Morgan. "They already know who the biggest vendors are."
Beyond choosing the best company for your needs, you should know the basics of managing your information assets in this age of cyberespionage.