Tag: Osirium

COVID is continuing to hit the value of contracts according to cyber security player Osirium Technologies’ financial figures.

The firm released a trading update on the progress it has made so far in its fiscal year, which ends on 31 December, with it gaining customers but dealing with the caution that the pandemic has caused in users.

The business has increased its customers by 70 per cent in the second half of the year so far, compared with the same period in 2020. Some of those new contacts have come as a result of growing interest in privileged security products and the firm’s efforts to increase its reach into new markets.

That privileged security suite includes access management, automated IT operations and endpoint management, to target a market that the Osirium board believes is valued at about $25 billion by 2025.

The firm was helped out by its channel partner network help it increase opportunities by generating more leads. Read more…

A report from Osirium Technologies shows that companies have different ransomware attack risks particularly when businesses depend on outsourced IT.

The Osirium Ransomware Index suggests that while some companies have unavoidable attacks, others have good security but could still be at risk of an attack by proxy – via their supply chain.

Of the 1001 UK IT managers surveyed for the research, 77 percent expressed a growing concern that despite their company having a good protection system in place.

Just over half thought that while some attacks are avoidable, others aren’t – which underlines the opportunities for vendors and channel partners to assist customers in identifying and understanding where the very real ransomware threats lie and supporting them in protecting their businesses accordingly.

Across the respondents surveyed, 39 percent estimated it would take a week for their business to recover from a cyberattack – with 47 per cent admitting it could take a month or more.  Read more…