Top Penetration Testing Solution Providers 2023
The penetration testing industry is witnessing active changes. The market will be worth around USD 10.24 bn by 2028. The expected CAGR is 24.59%. Cyber threats are evolving. The rate at which these changes in cyber attack happen is quite uncontrollable. The requirement for software-based assets like mobile and online apps is expected to inflate, which will bolster the worldwide penetration testing market’s expansion. The need to be compliant with the ever-increasing need to meet compliance requirements is a market driver. Software-based properties are in huge demand, and their security is a growing problem.
Mobile and web applications are subjected to constant threats. Digitization is everywhere, especially in developing countries. A direct impact of the trend is an increase in the number of IoT devices. The trend indirectly drives the demand for penetration services. The change in the IT industry’s work habits following the COVID strike has rendered businesses more vulnerable to nefarious intrusions and attacks. As a result, penetration testing authorities are being pushed to the limit to maintain quality concerning cyber threats.
The top independent producer of goods for industrial communication, HMS Networks, has a product brand called Ewon. Ewon is a business unit that has its headquarters in Nivelles, Belgium. HMS Ewon was receiving questions from its suppliers on how security was tackled within the product development. The firm chose NVISO security as the ideal solution provider.
NVISO delivered holistic penetration tests, tackling IOT/ Hardware and SAAS components besides general IT infrastructure. NVISO conducted a series of penetration tests as the first step. Later, the firm conducted another round of penetration tests on product developments. Further, the capability of the tests was extended to other products by HMS Ewon.
A Penetration test provides a clear view of the present state of security in terms of maturity of products and services security, and a chance to spot vulnerabilities in targeted areas of an organization. Penetration testing will give an assessment of the efficacy and transparency of current security procedures. Pen tests also dispel the concerns around data breaches, discover current vulnerabilities, prepare against malicious intent and ensure business continuity.
According to their severity of security vulnerabilities and exploitability, penetration testing also places the threats in order of decreasing hazard, starting with the most serious. The penetration testing market, which had a 2021 valuation of $1.6 billion, is anticipated to grow at a CAGR of 13.1% between 2022 and 2031 to reach $5.3 billion. However, does the IT sector always have the right approach toward Penetration testing? Perhaps not, thinks Ben Ben Aderet, Co-founder and CEO at GRSee.
The journey to the founding of Netragard for Desautels had its origin in his earlier years, when his path to becoming a hacker began. “My journey as a hacker began at the age of 6 or 7, when my father bought a computer which fuelled my curiosity.” From here, Desautels said this curiosity became the driving force that motivated his desire to understand how things worked and how things can often be used for various purposes than the one initially intended.
“That outside-the-box, problem-solving mindset is the foundation of how we, at Netragard, think like hackers and use that knowledge to leverage an organization’s cybersecurity. As our slogan says, ‘We protect you from people like us’.” In 2006, after realising no penetration testing vendors were able to replicate cyber-attack techniques used by real-world threat actors, the seed for the creation of Netragard was planted in the mind of Adriel Desautels and the company’s founding team.
In the present cyber world, penetration testing has turned out to be something that enterprises cannot overlook. In a scenario marked by ever-altering cyberspace, penetration testing is expected to remain critical, at least in the imminent years and beyond. The most effective way to reduce security risks for companies and their end users is to utilize the appropriate tools (technology, people and process) in combination with regular and thorough vulnerability and penetration testing. Penetration testing experts are encountering new challenges.
In simple words, more and more companies are relying on penetration testing less as a compliance “must-have”, but as a direct response to ever-increasing cyber security incidents. Boards, Audit Committees and Executive management alike are asking more questions of their IT and security team around their cyber posture and maturity. What the pen testing industry requires the most is an outsideof-the-box approach. Diagon Consulting, with presence in both North America and the Caribbean understands the scenario perfectly.
The market for penetration testing, valued at $1.6 billion in 2021, is expected to increase at a CAGR of 13.1% from 2022 to 2031 to reach $5.3 billion. The unusual adoption of cloud computing services and solutions heavily influences the market. Furthermore, the industry is witnessing a surge in data centers. Over the last few years, governing bodies have intervened and implemented strict regulations to enhance the adoption of penetration testing solutions.
The act of assaulting own IT systems in the same way that an attacker would find active security holes on a network is known as penetration testing. However, the industry faces a myriad of challenges. First, of course, the sector has transformed heavily. The contemporary industry requires solutions that are well-adapted to the current requirements. The Boston, MA-based Rapid7 has an in-depth focus on understanding the needs of the industry to introduce innovative penetration testing solutions.
Most organizations belonging to cyberspace have experienced a shortage of cybersecurity experts. Also, reliance on legacy systems is still rampant. Further, third-party vendors have access to these systems that typically have weak passwords and misconfigurations. The strengthening threat landscape, amplified by massive tech layoffs, led to a shortage of experienced cybersecurity experts. Companies continue to rely on automated scanners that cannot perform manual penetration testing, lacking the “human element,” leaving IT professionals with a false sense of security. The modern IT landscape and attack surface requires an entirely different approach. Fundamental changes are needed.
Among the companies spearheading the transition to a more secure world is Redbot Security. Redbot Security is a boutique penetration testing firm with a team of highly competent Senior Level Engineers based in the United States specializing in delivering ‘Manual Penetration Testing Services’ or ‘Ethical Hacking’ across multiple sectors. Redbot Security’s team specializes in testing critical infrastructure. Generally, these systems are not inherently complex. However, many penetration testing companies do not know how to execute these tests safely. Redbot Security offers a layered holistic approach to testing, using kid gloves to ensure these systems continue to operate as planned, preventing a potentially catastrophic event.