Brazilian companies are stepping up cyber security as risks grow
New data protection rules, changing work environments and increasing cybercrime are creating new cybersecurity challenges for Brazilian companies, according to a new research report released today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and consulting firm.
The 2022 ISG Provider Lens™ Cybersecurity — Solutions and Services 2022 report for Brazil shows that many organizations in Brazil have prioritized cybersecurity projects and invested in new products and services while accelerating digitization and migration to the cloud. Both trends have led more companies to engage with strategic planning and implementation consulting service providers.
“Rapid changes in recent years have dramatically increased cybersecurity needs in Brazil,” said Doug Saylors, partner and co-head of cybersecurity at ISG. “Companies are finding they have to make significant investments and act quickly.”
The sudden demand for employees to work from home during the pandemic has created new cybersecurity challenges for many Brazilian organizations, the report said. Employers needed to ensure that employees had fast, stable internet connections at home that were also secure. They also needed to ensure that employees’ phones and personal computers, which are now used for work and, in some cases, also shared with family members, were not compromised.
As many Brazilian companies lacked endpoint protection for home and remote devices at the start of the pandemic, there has been a significant increase in attacks designed to obtain sensitive data from devices or breach business networks and servers, ISG says. These attacks led to new e-commerce operations selling corporate network credentials, which led to more sophisticated ransomware attacks.
“Cybersecurity risk has grown significantly for Brazilian companies,” said Jan Erik Aase, partner and global head at ISG Provider Lens Research. “They are also under greater pressure to maximize productivity and business continuity, so investing in cybersecurity is an urgent priority.”
Companies also had to adapt to the General Data Protection Law (LGPD), Brazil’s general data protection law, which came into effect in 2020 and forced companies to seek strategic security services when planning and implementing projects in compliance with the law, he says in the report.
Companies also had to adapt to the General Data Protection Law (LGPD), which came into effect in Brazil in 2020 and forced companies to seek strategic security services when planning and implementing projects to comply with the law, the report said.
The report also examines other recent cybersecurity trends in Brazil, including the adoption of new identity and access management tools as companies move to the cloud, as well as the increasing use of zero-trust security approaches.
The ISG Provider Lens™ Cybersecurity — Solutions and Services 2022 report for Brazil assesses the capabilities of 67 service providers in six 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 (TSS), strategic security services (SSS) and managed security services.
The report lists IBM as a leader in five quadrants. It names Broadcom, ISH, Logicalis and Microsoft as leaders in three quadrants each. Accenture, Agility, Capgemini, Deloitte and Trend Micro were named leaders in two quadrants each. The report lists CrowdStrike, Edge UOL, EY, Forcepoint, Kaspersky, Lumen, NTT, Okta, OpenText, PwC, RSA, senhasegura, Stefanini Rafael, Trellix, Unisys, Varonis, VMware Carbon Black and Wipro as leaders in each quadrant.
The report calls IBM a leader in five quadrants. Names Broadcom, ISH, Logicalis and Microsoft Leaders in three quadrants each. Accenture, Agility, Capgemini, Deloitte and Trend Micro were named leaders in two quadrants each. The report lists CrowdStrike, Edge UOL, EY, Forcepoint, Kaspersky, Lumen, NTT, Okta, OpenText, PwC, RSA, senhasegura, Stefanini Rafael, Trellix, Unisys, Varonis, VMware Carbon Black and Wipro as leaders in each quadrant.
In addition, Accenture, HelpSystems, Micro Focus, NTT, Tempest and Trellix were named Rising Stars — companies with “promising portfolios” and “high future potential” as defined by ISG — in each quadrant.
In addition, Accenture, HelpSystems, Micro Focus, NTT, Tempest and Trellix were named Rising Stars – companies with “promising portfolios” and “high future potential” as defined by ISG – in one quadrant each.
Custom versions of the report are available on GoCache, ISH, and Logicalis.
The ISG Provider Lens™ Cybersecurity — Solutions and Services 2022 Brazil report is available for subscribers or for one-time purchase on this page.
About ISG Provider Lens™ research
The ISG Provider Lens™ Quadrant Survey Series is the only provider assessment of its kind that combines empirical data-based research and market analysis with the real-world experience and insights of ISG’s global consulting team. Companies will find a wealth of detailed data and market analysis to help them select appropriate (source) partners, while ISG consultants use the reports to verify their own market knowledge and make recommendations to ISG’s corporate clients. The survey currently covers providers that offer their services globally, across Europe, as well as in the US, Canada, Brazil, the UK, France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added into the future. For more information on ISG’s ISG Providers Lens™, visit this website.
A companion research series, the ISG Provider Lens Archetype reports, provide a first-of-its-kind assessment of suppliers from the perspective of specific customer types.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and consulting firm. As a trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 companies, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and accelerate growth. The company specializes in digital transformation services, including automation, cloud and data analytics; source consultation; managed risk management and services; telecommunication services; operational strategy and design; organizational change management, market intelligence and technological research and analysis. Founded in 2006 and headquartered in Stamford, Connecticut, ISG employs more than 1,300 digitally ready professionals working in more than 20 countries – a global team known for innovative thinking, market impact, deep technology and industry expertise, and world-class research and analytics. ability classes based on the most comprehensive market data in the industry. For more information, visit www.isg-one.com.
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Will Thoretz, ISG
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Thábata Mondoni, Mondoni Press for ISG
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Source: BUSINESS WIRE