Hot Cybersecurity Companies. PHOTO: Cybercrime Magazine.

10 Hot Cybersecurity Companies To Follow In July 2020

Who’s who fighting cybercrime

– Kayla Matthews

Pittsburgh, Pa. — Jun. 17, 2020

Special coverage of Cybercrime Magazine’s Hot 150 Cybersecurity Companies.

Summer is a great time to keep tabs on some of the cybersecurity companies gaining attention in an ever-competitive marketplace. Here are 10 worth checking out: 

1. BeyondTrust

Passwords are far from perfect. Some analysts think we could and should move to a password-free world. BeyondTrust is one company trying to make that happen. It still lets you use passwords but combines those credentials with endpoint and remote access security. 

The company also recently received a technology excellence award from Singapore Business Review. The publication honored BeyondTrust’s Cloud Vault product, which helps users maintain access control, visibility and compliance via a convenient, cloud-based platform. 

2. Bugcrowd

If you want to start a crowdsourced security effort, such as a vulnerability disclosure program, Bugcrowd can help. The company is also a valuable resource if you have such an initiative underway already and need help managing it. It combines the power of cybersecurity talent from around the world on a platform that gives you easy access to expertise. 

One of the company’s recent offerings is a pay-per-test model that speeds up the launch of each one. This model lets businesses start penetration tests in less than 72 hours after deciding to run them. Doing it the traditional way often happens within a timeframe of several months. 

3. Kenna Security

Kenna Security is one of the notable cyber companies for July 2020 in part because the enterprise recognizes that the old ways of protecting IT infrastructures from threats no longer suffice. It combines real-world exploit statistics with predictive models, helping companies prepare for the future. The business’s platform gives an estimated risk of every danger, letting organizations prioritize their efforts. 

The company raised $48 million in a Series D funding round conducted last fall. That outcome shows that investors see promise in this initiative and want to support it. 

4. Mitek

Banking is changing, and many people like to use online methods of transferring or receiving funds. Keeping everything legitimate with such transactions often requires users to show identity documents. Mitek offers an assortment of solutions to streamline mobile check deposits and image captures for identity verification via smartphone cameras. 

Its technology utilizes hundreds of artificial intelligence and face-comparison algorithms to ensure the person presenting the document is the genuine owner. The company recently reported a 16 percent year-over-year growth in revenue in its second-quarter results.

5. Callsign

Many companies that regularly engage with customers by phone utilize specialized technology to meet goals. For example, dialer software can increase productivity by automating the number input and connection processes. Customer service representatives also frequently take calls to help users navigate through online user portals. Callsign is a company that uses its technology to reduce fraudulent usage of those online resources. 

A recent report conducted by YouGov for Callsign found that 26 percent of respondents overlooked online security in their haste to purchase products that COVID-19 made scarce. When people take those risks, the potential for an unauthorized party to use their account goes up. This company wants to minimize that threat, whether people access customer portals for products sold by phone or log in to online banking gateways. 

Cybersecurity Statistics from Cyfirma

96 percent of information resides in Deep and Dark Web

6. Fortalice

The team at Fortalice wants to help companies go beyond merely checking boxes on a list of cybersecurity best practices. It recognizes that cybercrime threatens every industry, but each business has assets to protect that may introduce unique challenges or protection concerns. Some cybersecurity companies don’t take such a granular approach, but this is what makes Fortalice stand out. 

Another factor worth noting is that the company makeup features people formerly tasked with protecting the White House and upholding national security. The employees know cybersecurity challenges well and have the expertise to tackle them in practical, effective ways. 

7. Recorded Future

Even after reading headlines about the growing number of cyberthreats, people have difficulty assessing what the risks are and how they might impact their operations and enterprises.

Recorded Future wants to bring more context to security challenges and the methods for managing them. The business’s products give users updated information about the cybersecurity landscape through a user-friendly research interface. You can decrease manual research time, plus get real-time alerts of possible issues. 

If you want to experience the company’s technology in a risk-free way, download its free browser extension that ranks risks in order of severity. Learn more about what triggered an alert with a single click, then let that guidance steer your next moves. 

8. Imperva

Imperva offers solutions that proactively screen for, examine and get rid of current and emerging cybersecurity threats impacting an enterprise. The business advertises its solution as “the world’s first and only multi-cloud platform to protect the edge, apps and databases.” More than 6,000 enterprise customers use Imperva’s products. 

The company recently expanded the availability of its advanced bot detector. It deploys in minutes to protect websites, apps and application programming interfaces (APIs) from harmful bots, preventing issues like click fraud. 

9. Menlo Security

Menlo Security ensures that companies keep security tight while embracing the cloud. Their solutions offer browser isolation for people accessing content in the cloud. Those let enterprises block or allow cloud apps according to their policies. 

The company recently announced a partnership with Microsoft. That arrangement gives the brand early access to vulnerability information, allowing it to roll out solutions to customers faster. 

10. Shape Security

Shape Security puts its resources into minimizing application fraud while boosting overall security. It uses artificial intelligence and machine learning to give real-time protection to applications more than a billion times daily. 

F5 acquired Shape Security for approximately $1 billion at the end of last year. Coverage on the F5 website describes the two as collaborating for optimal results.

Cyber Companies for July 2020

This list gets you off to a good start as you stay abreast of today’s cybersecurity developments. Remaining educated helps you know which solutions exist for the modern internet landscape.

– Kayla Matthews is a technology journalist and cybersecurity writer based in Pittsburgh, PA. To read more from Kayla, visit her website.

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