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What is the importance of the Gartner Magic Quadrant?

What is the importance of the Gartner Magic Quadrant?

What is the importance of the Gartner Magic Quadrant?

All of us at some point have heard of digital transformation. This phenomenon affects companies of all verticals and sizes and has been gaining attention in the market. Digital transformation increasingly requires organizational leaders to adapt their organizational strategies to meet new and more demanding business requirements. This includes aspects such as customer experience, agility, and improvement of their business processes.

Thus, meeting these new market demands has become much more than a trend, it is a business imperative. These actions include the implementation of technology solutions in organizations to optimize their operations, reduce costs, and thus deliver the best experience to their clients.

To meet the new requirements arising from the digital transformation process, market suppliers, including IT, have developed solutions to be implemented by companies. With so many options available, it is often difficult for organizational teams to choose the best solutions that meet their needs and can fill the gaps created by these new market requirements.

Gartner is a company recognized for providing impartial, high-quality consulting and research on many markets, as well as providing valuable information and insights to the entire technology community. In addition to being part of the S&P 500, an index of the top 500
publicly traded companies in the United States, Gartner provides research and analysis of solutions in areas such as finances, legal, compliance, and Information Technology.

Through its more than 15,000 employees, Gartner also contributes to determining the IT standards in place and the market trends that will become a reality in the future. Its reach is global, being located in more than 100 countries.

Gartner provides strategic market research and tools for IT leaders to build their strategies and assist in decision-making.

More than 15,000 companies are listed as Gartner clients around the world. To get an idea of its relevance to the market, 73% of the companies that make up the Fortune Global 500 – the annual ranking of the 500 largest companies prepared by Fortune magazine – are Gartner clients and use its services in their business strategies.

If organizational and security leaders do not use the proper tools to choose security solutions such as those offered by Gartner, the organization is subject to not implementing the proper tools to solve its business problems. Or even worse: companies may even implement these solutions and not fully take advantage of all the functionality offered by these technologies.

This is because, in many cases, the chosen solutions may not be in line with their strategy and business needs. By not adapting their operations to the changes required by phenomena such as digital transformation, organizations can suffer from drops in performance, productivity, agility, and effectiveness in the execution of their business strategies.

When this occurs, organizations are subject to greater business and cybersecurity risks. Furthermore, they are subject to not obtaining a greater competitive advantage over their competitors in the market, which can affect their operations’ continuity.

To support their strategy and help organizations of all sizes choose which solutions to deploy in their infrastructure, IT leaders should use tools developed by Gartner, such as the Magic Quadrant reports.

Gartner’s Magic Quadrant uses a uniform set of assessment criteria with results represented in a graphical form showing the competitive positioning of different vendors of digital products and services in different markets. This representation makes it easy to see how these vendors meet different market requirements and work against Gartner’s market view.

Gartner uses a qualitative data analysis methodology to indicate trends in different markets. This analysis includes the direction and maturity of different markets, in addition to their respective players. The analytics developed by Gartner are tailored for specific technology
industries, including PAM, and are updated every one to two years.

The Magic Quadrant for PAM allows you to assess different vendors and their market positioning, as well as their vision and how they perform according to Gartner’s market vision.

This is done through the two axes of the quadrant: one axis representing the vendor’s market awareness, called Completeness of Vision, and the other that reflects the Ability to Execute its market view.

The graph with the two axes is divided into four quadrants, which indicate the capabilities of different vendors with respect to the Ability to Execute and Completeness of Vision aspects.

The different quadrants of the Magic Quadrant are: Niche Players, Visionaries, Challengers, and Leaders.
The Magic Quadrant is the first step in understanding what these vendors and their associated technology do. This tool helps you understand visions, strategic roadmaps, and all their ability to operate according to your specific needs.

Speaking specifically about the Privileged Access Management (PAM) market, Gartner has launched the Magic Quadrant report with 14 vendors in 2018. However, each year this number has been decreasing: in 2020, 12 vendors were listed, and the last report, released in July 2021, brought only 10 PAM technology vendors. According to the Gartner analyst, the “air is thinner”, that is, the PAM market is even more competitive than in previous years.

Gartner’s Magic Quadrants are important because they influence the buying decisions of organizations of all sizes and verticals. Large companies often turn to Gartner and its reports to support their strategies and choose which IT vendors they will hire.

By using information from Gartner’s Magic Quadrant report, organizational and security leaders can better understand the dynamics of the different markets covered by Gartner.

Also, those using Gartner-developed reports can quickly obtain information about the different vendors centrally. It is also possible to know the strengths and weaknesses of the solutions assessed in the reports, allowing them to assertively choose the best tools to meet their
business requirements. Thus, organizations are able to increase their operational efficiency, improving the experience of their customers, partners, and employees, reducing risks and ensuring the continuity of their operations.

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China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

Global efforts to ensure data protection have increased dramatically over the years. Governments around the world have been concerned with creating laws and regulations that ensure the security of circulation and processing of information from citizens and users, especially by companies, respecting people’s privacy and operating within the specific laws of the country.

After the European Union General Data Protection Regulation (GDPR), which seeks to guarantee citizens greater control over their own data, governments in several countries also started to invest in their own regulation with the same purpose. 

PIPL Construction Route

The most recent regulation was from China, which, after several revisions since October 2020, has officially approved its PIPL (Personal Information Protection Law) in August of this year. The first draft was presented at the National People’s Congress of China on October 13, 2020, and opened for public review on October 21 of the same year. 

A month later, the reviewed document was closed for internal assessment. In August 2021, the proposal was approved and is expected to take effect on November 1st.

The Chinese data protection law is similar to the European law, but with a stricter structure, especially for “Big Techs”. The goal is to further strengthen the current protection regime, regulating the collection, processing, and use of Chinese citizens’ data, including rules that avoid the monopoly and over-enrichment of some companies through population data. 

The China Consumer Association strongly criticized this type of behavior by companies, saying that the algorithms are becoming a “technical intimidation” to consumers.

How does PIPL impact organizations?

The data is seen by the Chinese government as a basic strategic resource and belonging to the country, and its use by third parties should be kept to a minimum, monitored, and for well-defined purposes. Therefore, with PIPL’s approval, the activities of organizations and individuals working with personal information will be heavily impacted. 

European entities fear that Chinese regulations will jeopardize trade between companies in the bloc and China, putting at risk the privacy of their businesses, as it is necessary to be subject to protection demands different from the European LGPB. 

For multinationals, the situation is no different, as they consider an uncertain business scenario and an invasive behavior by the Chinese government when auditing companies. In short, this uncertain scenario ends up generating concern for companies due to the following requirements:

  • Users are given more control over their data: Users can request/control the editing, removal, and restriction of the distribution, processing, and use of their data. In addition, prior consent can be changed or canceled by the user.
  • More rigorous requirements for data sharing and transfer: An organization or any other parties involved in data control need to pass assessments related to the legal use of data. 
  • Penalties and fines in cases of data breaches: The value of fines can reach up to 50 million RMB (Yuan Renminbi), the equivalent of 40 million reais or 7 million dollars, deduction of annual revenue percentage, or even termination of business.
  • Mandatory security controls: The processing of personally identifiable, sensitive, or critical information must be subject to strict mandatory security controls and personnel responsible for handling it must receive appropriate training. 
  • Mandatory location of data: The processing of personally identifiable information is limited to the boundaries defined by the China Cybersecurity Administration – CAC. If a company exceeds these limits, it must provide the location of this data.

Key Points of the Chinese Law

The law presents requirements and regulations on the legal form of handling personally identifiable information, which is those that somehow identify the user in electronic media, including critical state security information and sensitive information involving religion, beliefs, ethnicities, financial information, user tracking, and others. 

Thus, some key points can be highlighted that must be observed by companies in operations that deal with information of this nature.

User Consent

Before any operation with personal data, companies or interested parties must request the consent of the users, who must be explicitly notified about any matter related to the processing of their data, including the identity and contact information of those responsible for handling it. (Article 24)

Organizational Management 

Those responsible for handling the data must adopt security measures that ensure protection against intrusion, leaks, or theft during data collection, distribution, and processing. Some of these measures involve data encryption and proper training of those responsible for operations and/or overseeing operations. (Articles 50, 51, 52)

Individuals’ Rights

Users must have the right to access their own data, being able to modify them, delete them, decide when their information can or cannot be processed, or request an explanation about the processing. (Articles 44, 45, 46, and 48)

Data Transfer Borders

The transfer of data outside China can only be done with the explicit consent of the subjects, who must be notified when their information is transferred outside Chinese territory. When processing crosses borders, an organization undergoes a security assessment, which must be approved to proceed with operations. (Articles 39 and 40)

Data Location

When organizations reach the limit of data volume defined by CAC, they must maintain the storage of the information already collected and generated on the premises of the Chinese territory. Article 40)

What Can We Expect as Next Steps?

The approval of the Law affected various sectors of the economy and raised concerns for Chinese companies and European multinationals, especially the ‘Big Techs’. In this sense, companies that deal with the distribution, collection, and processing of data, as well as the development of software and related activities must work ethically and morally, paying attention to all the requirements established by the law, if they want to ensure the smooth running of their business and a good reputation.

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Understand the Cyberattack that Affected Kaseya

Understand the Cyberattack that Affected Kaseya

Understand the Cyberattack that Affected Kaseya

On July 2, a Russian group of hackers exploited a flaw in the Kaseya company’s management software, affecting its systems and causing problems for it and its customers.

The massive cyberattack affected around 1,500 businesses in 17 countries. The attackers promised to return access to the data in exchange for 70 million dollars, equivalent to 364 million reais.

Hackers promised to release a decryptor so that all files could be recovered in at least an hour after paying the ransom.

Known as “REvil”, the organization claimed responsibility for the virtual attack on Kaseya. It was also responsible for the invasion that halted production at JBS, the world’s largest meat processor, in June this year.

Domino Effect

Headquartered in Florida, United States, Kaseya is responsible for the remote monitoring and management program used by more than 40,000 companies. Of these, only 60 were directly affected by the cyberattack.

However, as many of Kaseya’s customers provide services for other businesses, the systems are interconnected in a network.

This connection resulted in a domino effect, as the installed malware quickly spread and encrypted the files it found along the way.

The supermarket chain Coop, in Sweden, had to suspend the operation of its stores because it was unable to use the cash register system, which was managed by one of Kaseya’s client companies.

How Did the Invasion Take Place?

The type of virus was ransomware that can encrypt computer files. Access is only granted upon payment of a ransom to the hacker, that is, it is like a data hijacking in the digital world.

In this type of cyberattack, ransomware infiltrates frequently used software and spreads as systems are updated.

Encryption is the practice of encoding data, causing it to no longer have the original format and, therefore, no longer be readable by its owners.

Files can only be decrypted and returned to their original format through the use of a specific decryption key. It is for this key that Russian hackers ask for the ransom, as without it the data becomes useless.

Measures

This can be considered the biggest cyber-attack with ransomware of all time, as it reached a proportion never seen before in similar cases.

Kaseya asked customers using its system administration platform, VSA, to immediately shut down their servers to try to prevent the possibility of their information being captured by the cyberattack.

The Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Agency (CISA), among other US officials, assisted in the investigations.

US President Joe Biden has warned Russian leader Vladimir Putin to take action against hackers who have been operating in Russia for a long time.

On July 12th, Kaseya has reported that it had fully recovered the servers. These attacks are an increasingly profitable way to take hostages in the virtual universe.

How Does the Russian Group Operate?

REvil, also called Sodinokibi, is one of the best-known hacker gangs today. It operates with dozens of individuals in a “professional” regime with the division of tasks.

While one part of the group invades the systems, the other is responsible for constantly maintaining the ransomware, managing the group’s financials, and negotiating the rescue of the data with the victims.

Hackers drive the attack into double extortion mode, which occurs when Internet hackers take control of the network, extract important and sensitive data, and activate ransomware that encrypts victims’ data.

Then, they ask for a ransom in cash or bitcoins so that they return control of the data and do not disclose the information obtained illegally.

The group explored a series of “zero-days” in the product that allows it to bypass its authentication, arbitrarily upload files, and install pirated software.

With this, they can use a series of tactics and tools to move around the network and have access to all the files that are present.

A tool from Kaseya itself may have been used to take control of the system and activate the malicious software, as it has high-level access privileges on the machines, passing in an authorized way through antivirus.

The exact form used by the group is still unknown, however, the flaws of the American company’s protection to its systems became clear.

 

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China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

Global efforts to ensure data protection have increased dramatically over the years. Governments around the world have been concerned with creating laws and regulations that ensure the security of circulation and processing of information from citizens and users,...

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Main Cybersecurity Challenges for Brazilian Companies

Main Cybersecurity Challenges for Brazilian Companies

Main Cybersecurity Challenges for Brazilian Companies

Information security is very important to companies, so investing in cybersecurity must always be considered a priority. However, Brazilian companies still face several challenges in this sector. Do you know what the main cybersecurity challenges are for Brazilian companies?

With this article, you will understand the aspects that Brazilian companies face regarding cybersecurity, especially nowadays with the increase in remote work.

What is Cybersecurity?

Cybersecurity is a tactic to protect against threats and attacks on computer networks, servers, and company databases and information.

With the increasingly frequent use of digital media within organizations, regardless of their size, information has great weight and value within the market, so it can be seen as a currency of exchange and negotiation.

From this perspective, performing this protection is essential and can guarantee a company’s position in the market and prevent the occurrence of serious security incidents, such as data leaks and theft, which can be devastating for the business.

That is why companies invest in cybersecurity so that they have systems to protect their entire digital structure, servers, equipment, and accesses.

Thus, the intention is to allow access only to authorized people, prevent attacks and data modification, and other actions that can be performed by criminals who work in this environment.

This need is growing because just as technology undergoes updates that help companies improve their security systems, the contrary also happens.

That said, in Brazil, there are still several challenges to be faced in relation to this issue. In fact, in 2019, the country was the fourth most attacked by criminals who work in data theft – mainly financial data – according to research by Kaspersky.

As a consequence, there is a need to overcome obstacles to achieve a better level of cybersecurity. Check some of these main obstacles below.

Lack of Full-time Monitoring

One of the main challenges observed when it comes to cybersecurity failures is that many Brazilian companies are exposed to attacks depending on the time and day.

The ideal, in turn, is for companies to have teams prepared to detect when cyberattacks occur, including at night, on weekends, and holidays.

Are you interested in getting more details about this matter of great importance? Visit our website and see many other articles on the subject!

Lack of Employee Training

Another challenge to be faced is the lack of preparation of company employees. There is a need for constant training and updates for employees, as often the infrastructure is susceptible or is under attack and employees do not have the necessary knowledge to identify it.

With this, something subtle that could be identified in the first moments of data invasion ends up going unnoticed, which allows the attacks to continue and the failures in the system and the team to be leveraged to damage the company.

Home Office Cybersecurity

Home office work is also among the challenges that Brazilian companies face regarding cybersecurity. This working model is increasingly used by companies from all industries and the trend may be that it will continue to grow, as it can reduce costs and be very advantageous in several aspects. However, in terms of information security, employees working in home office mode make the company’s systems and data more vulnerable and susceptible to attacks.

This is because employees often use personal computers without proper protection and which can bring considerable risks to the company’s system.

So, there is a need for investment and overcoming this obstacle so that companies are prepared and have a high level of cybersecurity, even when the work is performed outside the company’s premises.

When all the obstacles are brought together, along with many others not covered in this article, the result is a high-risk exposure to companies, which can have serious consequences.

That’s because all types of transactions are currently done digitally, with data storage for customers, service providers, employees, company data, and even financial data.

Thus, when this information is vulnerable within a company, without constant supervision and without improving existing protection systems, the chances of attacks are great.

Consequently, cybersecurity in Brazilian companies must undergo a revolution in many terms. Moreover, systems that are already in use should always be updated as threats emerge daily.

Only then, with constant vigilance and using all available resources to create strong and efficient strategies, information can be protected and better handled in companies.

Until that happens, it is important to increase vigilance and perform constant checks. That is also true because, depending on the level and size of the company, the target of attacks can be even greater, with equally greater consequences.

And not only that, but companies have a legal obligation to efficiently protect customer data and information. Leaks can be catastrophic and create a network of uncertainties for customers, making the development and maintenance of the company suffer.

In conclusion, cybersecurity is a sector that still has many significant gaps in Brazilian companies which must be closed so that the level of information security reaches an efficient and more satisfactory level, offering fewer risks to everyone, both to the company and those who trust it with their data.

Did you like to learn more about the cybersecurity challenges for Brazilian companies? So, visit our website right now and request a demo of our solution to understand how it can help you build your information security strategy!

 

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China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

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The benefits of Using Cloud Computing

The benefits of Using Cloud Computing

Cloud computing has been around for some time, and while data points to the efficiency, cost-effectiveness, and competitive advantages it has, a large part of the business community continues to operate without it. 

According to a study by the International Data Group, 69% of companies are already using cloud technology in some way and 18% say they plan to implement cloud computing solutions at some point. 

Dell, meanwhile, reports that companies investing in big data, cloud, mobility, and security enjoy revenue growth up to 53 percent faster than their competitors. 

As this data shows, a growing number of technology-savvy companies and industry leaders are recognizing the many benefits of the cloud computing trend. 

Thinking about it, we brought some relevant information for appropriate knowledge of the subject. Keep reading and find out what the main benefits involving the use of Cloud Computing are for your business.

What is Cloud Computing?

Cloud computing is an Internet-based computing solution. In the past, people ran applications or downloaded software programs on a physical computer or a local server. Cloud computing allows people to access the same types of applications remotely.

This technology is based on the premise that the main computing takes place on a machine, often remote, that is not the one currently being used. The data collected during this process is stored and processed by remote servers (also called cloud servers).

By hosting software, platforms, and databases remotely, cloud servers free up the memory and potential of individual computers. Thus, users can securely access cloud services with the credentials received from the provider, for example.

What Are the Main Benefits of Cloud Computing?

Here is a list of the key benefits a company can achieve by adopting cloud infrastructure.

Speed

The ability to launch new cloud computing instances in a matter of seconds has reshaped the agility and speed of software development. Developers can easily test new ideas and design architectures without the need to rely on on-premise hardware limitations or bureaucratic acquisition processes.

Security

One of the biggest concerns for all companies, regardless of their size and industry, is the security of their data. Data breaches and other cybercrimes can devastate a company’s revenue, customer loyalty, and brand positioning.

The cloud offers many advanced security features that ensure data is stored and handled securely. Features such as granular permissions and access management through certain roles can restrict access to sensitive data to only those employees who need to access it, thus reducing the attack surface for malicious actors.

However, cloud storage providers implement basic protections for their platforms and the data they process, such as authentication, access control, and encryption. From there, it is up to companies to complement these protections with their own security measures in order to strengthen the protection of data and restrict access to confidential information in the cloud.

Real-time Collaboration

Cloud environments allow for better collaboration between teams: developers, QA, operations, security, and product architects are all exposed to the same infrastructure and can operate simultaneously without stepping on each other’s toes. 

Cloud roles and permissions help improve visibility and monitoring of who did what and when to avoid conflicts and confusion. Different environments can be built for specific purposes, such as testing, quality assurance, demonstration, or pre-production. 

Data Backup and Recovery

The fact that data can be stored in the cloud without major capacity constraints also helps with backup and recovery purposes. 

As end-user data changes over time and needs to be tracked for regulatory or compliance reasons, older versions of the software can be stored for later stages in cases where it would be needed for recovery or rollback.

Permission Control

Having control over sensitive data is vital to any business. You never know what can happen if a document falls into the wrong hands, even if it is just the hands of an untrained employee.

The cloud allows full visibility and control over your data. You can easily decide which users have which level of access to which data. This gives you control and streamlines your work, as the team will easily know which documents are assigned to them. 

Furthermore, it will increase and facilitate collaboration. Since a version of the document can be worked on by different people, there is no need to have copies of the same document in circulation.

Competitive Advantage

Not all companies will move to the cloud, at least for now. However, organizations that embrace the cloud find that the many benefits it offers positively impact their business.

The adoption of this mechanism increases every year as companies realize it gives them access to world-class enterprise technology.

By using a cloud-based solution, a company can avoid many issues that affect organizations that rely on on-premises infrastructure.

Did you like everything discussed here? So, add to your reading and Find out Which Virtual Attacks Are Most Common in Companies and How to Avoid Them

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China has Published Its Specific Law for the Protection of Personal Data. What Are the Implications?

Global efforts to ensure data protection have increased dramatically over the years. Governments around the world have been concerned with creating laws and regulations that ensure the security of circulation and processing of information from citizens and users,...

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