Strategic Intelligence: Enterprise Security Software Sector Scorecard Q3 2024 Update

Strategic Intelligence: Enterprise Security Software Sector Scorecard Q3 2024 Update

Summary

CrowdStrike resurrects reputation, despite Delta court action US airline Delta and cybersecurity company CrowdStrike are suing each other over the fallout from the July 2024 IT outage caused by a defective update to CrowdStrike’s Falcon Sensor endpoint detection and prevention software. The glitch led to business chaos, with thousands of flights needing to be canceled or delayed. Train schedules were disrupted, store card payments could not be made, and medical appointments had to be canceled. In October 2024, Delta Air Lines sued CrowdStrike for the disruption to its business. Delta said the outage forced it to cancel 7,000 flights, impacting 1.3 million passengers over five days. CrowdStrike counter-sued, saying Delta's response and technology caused delays in the carrier's ability to resume normal operations. The two sides will have their day in court. Yet despite all the problems caused by the outage, CrowdStrike has managed to salvage its reputation, mainly because of its efforts to improve the resiliency of its platform and the systems it protects.

The latest phishing threat, QR code-based phishing scams, are on the increase, evading enterprise cyber defenses and tricking customers into disclosing their financial details. Several banks, notably Santander, HSBC, and TSB, have highlighted a rise in the use of QR codes in fraudulent email campaigns. The scam involves criminals sending QR codes in attachments. The cyberattack works because messages can evade corporate cyber security filters that typically flag malicious website links but do not scan images within attachments. According to the Action Fraud group, reports of QR code scams in the UK more than doubled in the year to August 2024.

Scope

• This sector scorecard provides a top-down, comprehensive outlook for the key players in the enterprise security software sector over the next two years, based on the key themes set to transform their industry landscape.

Reasons to Buy

• Companies that invest in the right themes become success stories. Those that miss the important themes in their industry end up as failures.
• GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• At GlobalData, we have developed a unique thematic methodology for ranking all major companies in all major sectors based on their relative strength in the big themes that are impacting their industries.
• Our thematic engine tags over 180 million data items across six alternative data sets-patents, jobs, deals, filings, social media, and news-to themes. The vast datasets within our thematic engine help our analysts to produce sector scorecards that identify the companies best placed to succeed in a future filled with multiple disruptive threats.