It noted that the Cybersecurity 500 creates awareness and recognition for the most innovative cyber security companies \u2013 ranging from the largest and most recognizable brands, to VC-backed startups and emerging players, to small firms with potentially game-changing technologies.<\/p>\n
Cyber crime continues to fuel an expanding cyber market, with Cybersecurity Ventures predicting that cyber crime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year.<\/p>\n
Top 10 Herjavec Group, No. 2 overall and the top privately held firm on the Cybersecurity 500, continued to grow its business in the first of 2017 with demand for their outsourced security services during a prolonged labor shortage that is predicted to reach 3.5 million unfilled cyber security jobs globally by 2021.<\/p>\n Raytheon Cyber climbed up to the No. 3 position on the heels of announcing a five-year, $1 billion Department of Homeland Security contract to help defend \u201c.gov\u201d websites from cyber attacks, Cybersecurity Ventures said.<\/p>\n IBM Security, No. 7, and the Cisco Security Group, No. 8, announced they are joining forces<\/a> to tackle cyber crime. Together, they aim to improve security effectiveness for customers through technology integration, services and threat intelligence collaboration.<\/p>\n Entersekt<\/a> is ranked\u00a0No. 318 on the list – the company’s push-based authentication solutions transforms the mobile phone into a weapon in the fight against account takeover fraud.<\/p>\n “Our patented technology picks up where password-based approaches have failed, by introducing an isolated communication channel between phone and financial institution that avoids reliance on the open Internet for user and transaction verification,” it said.<\/p>\n
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