Chinese telecom network supplier Huawei has shared top 100 tips to select your cyber security vendor.
Huawei announced the 100 cyber security requirements of the supplier at the 26th Information Security Forum (ISF) Annual World Congress in Atlanta.
Huawei also showcased its latest security solutions and best practices that help businesses protect against cyber threats in today’s connected world.
The cyber security Top 100 requirements cover 11 key areas. These 11 broad topics include strategy governance and control; standards and processes; laws and regulations; human resources; research and development; verification; third-party supplier management; manufacturing; delivering services securely; issue, defect and vulnerability resolution; and finally audit.
Cyber crime is reported to cost businesses about $100 billion in the U.S. yearly. The average cost of a data breach for companies with 1,000 employees is estimated at $15.4 million, according to a study commissioned by IBM. This is an 82 percent increase from 2009. Some companies have reported losses in excess of $65 million.
MarketsandMarkets estimates that the size of the global cyber security market is expected to grow to $170.21 billion by 2020 from $106.32 billion in 2015, at a Compound Annual Growth Rate (CAGR) of 9.8 percent. The players in the cyber security market include Booz Allen Hamilton, Cisco, CSC, IBM, Lockheed Martin, Intel Security, Microsoft, Northrop Grumman, Symantec, and Trend Micro.
At the Congress, Huawei also showcased three of its latest security solutions such as Huawei Big Data Security Analytics Solution, Huawei Anti-DDoS Solution and Huawei Cloud Data Center Security Solution.
Huawei security solutions are designed to assist financial and telecommunication companies as well as governments to address cyber security threats.
Antonio Ierano, Cyber Security Expert for Huawei Enterprise Business Group, said: “There is a lack of cyber security standards and regulations in the ICT industry and among governments worldwide.”
