ISG | September 06, 2022
Enterprise security leaders in the U.K. are focused on cloud security, building up resilience against threats and aligning cybersecurity strategies with overall business goals, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.
The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. finds these objectives are the top priorities for chief information security officers (CISOs) in U.K. organizations. The growing use of cloud models such as infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) is forcing companies to adapt their cybersecurity approaches, with a focus on holistic resilience that requires more communication and training for employees and outside stakeholders, the report says.
“British enterprises are aligning cybersecurity with IT trends and the changing threat landscape, Cloud migration has many benefits but can create new security challenges. To guard against those threats, fundamental technical and organizational measures are needed.”
-Roger Albrecht, co-lead, ISG Cybersecurity.
The U.K. government has recognized the importance of cybersecurity and is making major investments to protect British enterprises and foster a growing cybersecurity industry, ISG says. According to a 2022 study by the U.K. National Cyber Security Centre, 39 percent of businesses in the U.K. had experienced a cybersecurity breach in the past 12 months, and for large and midsize companies, the average cost of a breach is £19,400. The government’s cybersecurity strategy is now kicking off its fourth year with an emphasis on boosting the U.K. digital economy, which includes about 1,400 cybersecurity businesses, ISG says.
As enterprises in the U.K. face increasing IT complexity, the establishment of permanent hybrid work and the need for more agility, many are considering the zero-trust (ZT) security model, ISG says. This approach, which requires verification of any device on any network to access enterprise resources, can reduce security cost and risk exposure through uniform security across an organization.
“Zero-trust is a major change that affects many aspects of enterprise security, Experienced service and solution providers can help companies implement and operate a ZT environment.”
-Jan Erik Aase, partner and global leader, ISG Provider Lens Research.
The report also explores other cybersecurity trends in the U.K., including high demand for technical and strategic security services, a shortage of skilled workers and concerns over increasingly tight data protection laws.
The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services report for the U.K. evaluates the capabilities of 95 providers across seven quadrants: Identity and Access Management (IAM), Data Leakage/Loss Prevention (DLP) and Data Security, Advanced Endpoint Threat Protection, Detection and Response (Advanced ETPDR), Technical Security Services, Strategic Security Services, Managed Security Services – Large Accounts and Managed Security Services – Midmarket.
The report names IBM as a Leader in five quadrants. It names Accenture, Atos, Broadcom, Capgemini, Deloitte, HCL and Wipro as Leaders in three quadrants each. Microsoft, Orange Cyberdefense and TCS are named as Leaders in two quadrants each. BT, Check Point, Claranet, CrowdStrike, Darktrace, DXC Technology, EY, Forcepoint, HelpSystems, Herjavec Group, Netskope, NTT, Okta, PwC, RSA, Sophos, Tech Mahindra, Trellix, Trend Micro and VMware Carbon Black are named as Leaders in one quadrant each.
About ISG Provider Lens™ Research:
The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.
EMERGING TECHNOLOGY,GOVERNMENT BUSINESS,CYBERSECURITY
SkyePoint | September 14, 2022
SkyePoint Decisions, Inc. (SkyePoint) is pleased to announce the purchase of SNR Government IT Services LLC (SNR GITS), a subsidiary of Arrowpoint Corporation of Ashburn, VA, effective September 9, 2022. SkyePoint acquired all assets including its DLA JETS, Army RS3, and Army ITES-3S information technology and cybersecurity services contract vehicles.
SNR GITS, now as a subsidiary of SkyePoint, offers comprehensive information technology services including technical and management expertise supporting applications, software, hardware, infrastructure, and systems in support of Department of Defense (DOD) agencies. As a Division of SkyePoint, SNR GITS will operate as the Defense sector arm for SkyePoint’s continued growth and investment.
“This acquisition reflects SkyePoint’s determined and unrelenting focus on growth and delivering excellence to our federal government customers. Our ability to provide meaningful solutions to Federal agencies, anytime, anywhere now further expands SkyePoint’s reach to the DOD as a Prime contractor. We look forward to working with our technology and industry services partners to deliver SkyePoint’s proven cybersecurity, IT infrastructure, data analytics, and application development solutions.”
-Frank Sturek, President, SkyePoint.
About SkyePoint Decisions:
SkyePoint provides innovative enterprise-wide and targeted solutions for the complex challenges faced by our federal government clients. Our focus is on enabling our client’s ability to deliver their mission – anytime, anywhere, securely as a prime contractor committed to delivery excellence. We combine technical expertise, mission awareness, and an empowered workforce to produce meaningful results. SkyePoint is an established ISO 9001:2015, ISO/IEC 27001:2013, and CMMI for Services Level 3 business with operations across the U.S.
About SNR GITS:
SNR GITS, a division of Arrowpoint Corporation, offers comprehensive IT services including technical and management expertise that supports applications, software, hardware, infrastructure, and systems in support of the Defense Logistics Agency and the Department of the Army. SNR GITS provides services through its Indefinite Delivery / Indefinite Quantity (IDIQ) contract vehicles.
medZERO | July 14, 2022
LG Electronics’ North American Innovation Center (LG NOVA) picked medZERO as one of the “Selected 20” startups advancing to the next stage of its Mission for the Future global challenge competition. The honor comes with $100,000 to help fund a collaboration for the next round of the competition.
The recognition is the latest for the Portland-based startup medZERO, an employer-sponsored financial wellness platform that gives employees a smarter way to pay for healthcare via on-demand access to funds to pay their out-of- pocked expenses over time at zero interest and zero fees.
In May, medZERO was one of six companies selected by the Meta Lab challenge, a prestigious competition sponsored by the Carolina Fintech Hub and MassChallenge, an international business accelerator program located in Boston.
Since securing $5.7 million in seed funding last year from Silicon Valley powerhouses True Ventures, Village Global and other angel investors, medZERO launched its app in November 2021 and has been hiring and has more than doubled its customer base.
Each of the 20 top contenders in the LG NOVA program were awarded $100,000 for proof-of-concept projects. medZERO was chosen in the Connected Health category as a company that is creating a new solution with potential to transform markets and industries, specifically as people change their perspective on new technology-based care.
“We are honored to make it to this round, LG recognized that our highly scalable, mobile payments platform leverages technology to give employees greater control over their healthcare services and spending.”
-Craig Froude, Co-Founder and CEO, medZERO.
Chosen from a group of more than 1,300 applicants, the Selected 20 will continue in the process to develop their ideas while working closely with LG NOVA’s team of innovation and entrepreneurial experts over the next couple of months—with the goal of being chosen as a Mission for the Future challenge “Top 10” finalist. To be named in August 2022, the Top 10 will have the opportunity to build their business in collaboration with LG on an accelerated path to success, with full access to LG expertise, mentorship, and from NOVA Capital Alliance and investments from LG.
Since its official launch in August 2021, the Mission for the Future challenge has invited innovators and entrepreneurs to submit their business ideas, technologies, and concepts that look to advance people, communities, and the planet. The initial “First 50” startups selected through the challenge program received access to basic business infrastructural support and networking after demonstrating exceptional proof-of-concept within emerging industries, as well as the potential for a successful partnership within the wider LG business.
Over the last few months, our work with the First 50 startups has helped us continue to refine our vision for the future as we look at new areas of growth for LG, said LG Electronics Senior Vice President for Innovation Dr. Sokwoo Rhee, head of LG NOVA. We’re inspired by all of those who have participated to date with groundbreaking, thoughtful tech innovations to drive and contribute to our collaborative community and guiding principle of ‘outside-in’ innovation. With this announcement, we’re sharing the results of our ongoing work in engaging with the startup and entrepreneur community to create impactful technologies that will lead society into the future.
medZERO is a Portland, Ore., healthcare-focused fintech company (www.medzero.com) designed to make healthcare accessible, affordable and equitable. Our employer sponsored platform provides employees instant access to funds to pay their out-of-pocket healthcare costs with no interest and no fees. Repayment is made through automatic payroll deduction and for users with Health Savings Accounts medZERO payments are pre-tax allowing them to save up to 30% on all qualified medical expenses.
About LG NOVA-
LG NOVA, the North American Innovation Center for global innovation leader LG Electronics, is a team focused on bringing innovation from the outside to LG. LG NOVA is based in Santa Clara, Calif. The center’s mission is to build, nurture and grow innovations that impact the future.
About LG Electronics USA-
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow