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The expanding regional threat surface and lack of in-house expertise or resources is creating a unique opportunity to professional security providers in Asia, according to Frost & Sullivan.
The Asia-Pacific Professional Security Services Market, Forecast to 2022, concluded that the continued migration of processes and applications to the cloud and the popularity of bring-your-own device (BYOD) is causing a marked increase in the number of vulnerability points in enterprise security networks.
“Cyber security teams and professionals are under increasing pressure to comply with regulations such as HIPAA, GDPR, Personal Data Protection Act (PDPA) (Malaysia and Singapore), as well as the new cyber security laws in China and Vietnam," said Divya Prasad, senior industry analyst of digital transformation at Frost & Sullivan.
“The improved security posture enabled by professional security service providers facilitates compliance with all relevant regulations and laws by making available several professional security services across the threat cycle."
Businesses are increasingly turning to professional security service firms to build customised security operations capabilities.
Furthermore, these service providers not only test the security of clients' applications, networks, and systems, but also address their compliance requirements.
“Meanwhile, the rising adoption of cloud services is driving many companies to shift from traditional professional service providers to firms that can help pre-empt security risks,” said Prasad.
“Although penetration testing, vulnerability assessment, auditing, compliance, and strategic reviews are commonly adopted by businesses, there is greater demand for advanced services such as threat intelligence, incident response, digital forensics, cyber range, and threat hunting."
The report concluded that service providers looking to expand their portfolios or footprint need to offer advisory services to deliver holistic security coverage, in addition to the provision of services such as infrastructure and tool preparedness.
Alongside standard services partners must also present insights into cyber exposure and potential threats; give enterprises access to industry experts and best-in-class technical know-how; and foster strategic relations with enterprises.
