Cybersecurity is no longer a niche issue exclusive to larger enterprises in the modern world. Given that cyberattacks know no borders, businesses of all sizes across all industries are on high alert. Vulnerability management has become one of the most popular security solutions to assist enterprises strengthen network and application security as attack vectors and vulnerabilities grow.

The cornerstones of any cybersecurity program have always been vulnerability scanning and assessment, but its contemporary incarnation is now vulnerability management. In order to appropriately analyze and prioritize any vulnerabilities that are found for remediation, vulnerability management systems go beyond scanning and assessment by offering insightful information and risk context. This approach to proactive cybersecurity has never been more important than it is right now, as organizations battle to manage the proliferation of endpoints, the complexity of increasingly sophisticated networks, and the rising quantity of cyberthreats.

But what exactly is vulnerability management and why is it so important? Why is the market for vulnerability management platforms growing? In order to proactively address vulnerabilities before they are exploited, organizations should practise effective vulnerability management.

What is Vulnerability Management?

Vulnerability management is the process of identifying, evaluating, and prioritizing all system vulnerabilities that may result in loss or harm if not fixed. Vulnerabilities can be found everywhere, including in software programmes, network architecture, hardware setup, and mobile devices used by your workforce.

A security procedure known as "vulnerability management" is created with the express purpose of locating, assessing, treating, and disclosing any IT flaws that may be harmful to any digital asset or system. This dynamic process necessitates that stakeholders continually look for new vulnerabilities and take steps to patch them and modify security settings to counteract them.

A strategy for managing vulnerabilities is developed to set up the rules and procedures that assist a company in identifying weaknesses in its technological infrastructure. In essence, vulnerability management establishes a cycle of procedures to make sure vulnerabilities are swiftly found, evaluated, and remedied.

Software is checked for vulnerabilities using security and vulnerability management, which is also used to continuously find new vulnerabilities over time. In businesses, risk management, threat identification, and software security are all accomplished through the usage of security and vulnerability management.

Strobes Security,IBM, McAfee, Broadcom Inc,Qualys Inc. are some of the major companies in the security and vulnerability management market. 

Vulnerability Management Market 

“The global Security and Vulnerability Management Market size is projected to grow from USD 13.8 billion in 2021 to USD 18.7 billion by 2026.”

vulnerability management market size

The healthcare segment is projected to witness the fastest growth rate of 7.6% during the forecast period.

vulnerability management market

As there is a high growth rate of the security and vulnerability management market would comprise an increase in the vulnerabilities across globe, high monetary losses due to the absence of security and vulnerability management solutions, stringent regulatory standard and data privacy compliances, surge in the adoption of IOT and cloud devices.

Numerous opportunities exist to overcome the aforementioned operational difficulties that security teams now have when performing manual vulnerability management and compiling data from various sources. Organizations can use and spend money on a third-party solution like Strobes Security, for example, to standardize vulnerabilities and prioritize assets so they can find the vulnerabilities that are most important depending on risk. Let's discuss few market trends for rise in Vulnerability Management -

Let's discuss a few market trends for the rise in Vulnerability Management:

  1. Remote Workforce - The workplace's location, technological innovations, and how digital technologies have made remote work more feasible are all being reset and rethought in the business sector. Since remote work is here to stay, businesses must find and fix any vulnerabilities brought on by flexible work arrangements to safeguard their customers, employees, assets, and reputation. Many businesses may have had inadequate strategies and neglected security modifications or training in cyber-safety practices because they were unprepared for the quick transition toward remote work possibilities, leaving them vulnerable to attack.
  2. Digital Transformations - To survive and prosper, businesses used strategic technological shifts to fend off rivals. It's possible that businesses didn't keep up with cybersecurity efforts when they moved to the cloud. Cyber risk evaluations are essential for any digital transformation or cloud migration strategy because threat actors constantly adopt new, aggressive strategies. A planned, all-encompassing approach that includes a continuous, proactive review of vulnerabilities is required for successful businesses to adopt digital technology. Any technology adoption plan must continuously mitigate risk.
  3. Threat Landscape - The global cyber threat landscape has recently changed even more significantly than normal due to internal and foreign causes. The internal forces are those that originate from a business or organization itself. Poor security practices, unpatched systems, and ignorant internal users are a few of them. External forces are forces that operate independently of an organization, such as illegal hackers who attempt to obtain access to a business's computer network. The effectiveness of any cybersecurity program and the security posture of a company depend heavily on communication with stakeholders about the threat landscape in 2021, which CISOs and IT professionals within the company must fully comprehend. The dangers that could bring a corporation to its knees with just one slip-up must be clearly understood by all parties, along with what is putting those risks in motion.

Partnering with Strobes Security

A structured procedure is typically used to give organizations an efficient way to continuously find and fix vulnerabilities because every new vulnerability carries a number of threats for the firm. Strobes Security provides connections with a number of tools, including Burp Suite, Veracode, Nexpose, and many others, to ingest data that can be mapped to write-ups and fill out reports. 

By pooling vulnerabilities and expediting the prioritization of findings using vulnerability intelligence, we enable enterprises by leveraging Strobes VM365 to streamline vulnerability management. With this level of vulnerability aggregation, managers can gain useful insights that go beyond the vulnerability's lifespan to highlight effective and efficient treatment.

All of your security requirements are met by Strobes Security, a vendor-neutral one-stop solution. We are aware of the value of prevention and correction, and we endeavor to counter current threats and reduce potential risks. You can get assistance from our platform with Asset Risk Management, Vulnerability Aggregation, Prioritization, Workflow Integration and get to know more about Strobes Security’s flagship products VM365 and PTaaS.

Start using Strobes right away by registering for free!

x