Frost Radar™: Cyber Threat Intelligence, 2024

Frost Radar™: Cyber Threat Intelligence, 2024

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The modern threat landscape has undergone a profound transformation, driven by the global push toward digitalization. This has led to expanded attack surfaces, heightened IT complexity, and increased risks in supply chains. Today, threat actors launch multivector attacks that target organizations’ internal networks and their external digital assets, such as social media accounts and third-party applications. Consequently, organizations have ramped up their cybersecurity spending and adopted an array of tools to mitigate risks. The efficacy of these measures depends on whether organizations have a deep understanding of the modern threat landscape.

Actionable threat intelligence (TI) plays a pivotal role in cybersecurity, serving as the foundation for informed decisions and a robust security posture. In essence, TI encompasses actionable information about threats targeting an organization. The conventional TI ecosystem comprises 4 primary areas: cyber threat intelligence (CTI), threat intelligence platforms (TIP), external attack surface management (EASM), and digital risk protection (DRP), each serving distinct purposes.

CTI solutions gather data from diverse sources, such as open-source intelligence and the dark web, to provide insights into cyber threats. They offer commercial TI feeds containing indicators of compromise (IOCs) and comprehensive intelligence reports. Threat intelligence platforms (TIP) offer a collaborative interface to operationalize TI, streamlining data collection, aggregation, and organization. DRP solutions specialize in brand and phishing protection, identifying potential risks to an organization’s external digital assets, and threat remediation. EASM solutions aid organizations in mapping their digital footprints, inventorying digital assets, and quantifying risk exposure to prioritize threats effectively.

As the cybersecurity landscape evolves and TI vendors try to remain competitive, traditional TI point solutions are consolidated into integrated security platforms. This convergence is giving rise to 2 main developments: the emergence of unified external risk mitigation and management (ERMM) platforms that include CTI, EASM, and DRP functionalities; and the transition of TIP providers into comprehensive security operations (SecOps) platforms that integrate security information and event management and security orchestration, automation, and response capabilities serving as centralized security control towers. Still, confusion persists because of overlapping capabilities and vendor terminologies.

Nonetheless, the TI market is poised for substantial growth, with North America and Europe, the Middle East, and Africa (EMEA) leading in terms of revenue size, driven by the presence of large enterprises with mature security postures and substantial cybersecurity budgets. Asia-Pacific and Latin America, though smaller markets, are expected to experience steady growth as investments in enterprise security reflect an overarching trend toward security maturity.

This Frost Radar™ focuses on the CTI industry, with separate studies available for other TI subdomains. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.