3. Transaction security: Talking about security. Future will+infititive. Networks. 2021 was another year in which we truly realized the extraordinary value of our digital infrastructure. It kept us connected, collaborating and producing through challenging times, and will continue to do so in 2022. But this heightened dependence has increased risks. As our means of production become increasingly virtualized, the attack surface for hackers grows. As a result, 2022 will be an important and challenging year for network security. Through adaptation and innovation, however, we will meet these challenges. These predictions reflect three of the ways we will do so.
As applications, computing and data storage shift to the cloud, CISO security concerns have naturally migrated there as well. And their concerns about cloud security have been sky high. In a survey of global CISOs by Cybersecurity Insiders for the CISO Cloud/SaaS Security Report, an overwhelming 94% reported being moderately to extremely concerned about security risks associated with the increased use of public clouds.
A major driver of this anxiety has been a lack of visibility into traffic within and between public, private and hybrid clouds. It is not surprising, therefore, that in a survey of security professionals for Cybersecurity Insider’s 2021 Network Detection and Response Report, respondents reported that 2 of the top 3 gaps in network visibility were cloud related: cloud workload traffic (46%) and SaaS apps (39%).
But there are strong indications this gap will be closing over the next few years. First, we’ve experienced a three-fold increase in demand for evaluations of our embedded traffic visibility software by providers of cloud security products. This includes vendors who offer cloud security products to both enterprise customers and cloud service providers.
Given normal product development cycles, this increased demand translates to new or enhanced cloud security products coming to market in 2022 and 2023. And, if venture capital funding is any indication, the demand for these products is high. Consider, for instance, the additional $350 million in funding just announced by Sysdig, a container and cloud security start-up that has now reached a valuation of $2.5 billion.
