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Corporation
SOFTWARE (NON-INTERNET/MOBILE) | Compliance
coresecurity.com

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Founded Year

1996

Stage

Growth Equity - II | Alive

Total Raised

$231.3M

Last Raised

$200M | 4 yrs ago

About Core Security

Core Security provides threat-aware, identity, access and vulnerability management solutions that provide intelligence and context needed to manage security risks across the enterprise. Solutions include multi-factor authentication, provisioning, Identity Governance and Administration (IGA), Identity and Access Intelligence (IAI), and Vulnerability Management (VM). The combination of these solutions provides context and shared intelligence through analytics, giving customers a view of their security posture so they can make better security remediation decisions and maintain compliance.

Core Security Headquarter Location

1000 Holcomb Woods Pkwy Suite 401

Atlanta, Georgia, 30076,

United States

508-879-8400

Latest Core Security News

14:30 ET The Worldwide Penetration Testing Industry is Expected to Reach $3.1 Billion by 2027

Oct 7, 2021

News provided by Share this article Share this article The Global Penetration Testing Market size is expected to reach $3.1 billion by 2027, rising at a market growth of 12% CAGR during the forecast period. Penetration testing, also commonly known as ethical hacking or pen testing, is performed to test a network, computer system, and web application to identify security weaknesses including the possibility to access the system's data & features by unauthorized parties and strengths that allows a full risk assessment to be completed. Penetration testing is the method of testing, which is used to increase and measure the installed security solutions on various devices like computers, mobile phones, and other information systems. The factors such as the rising number of cyberattacks leading to the major losses in reputation & financial of companies, growing severe regulations, and compliances mandating regular penetration testing practices are anticipated to surge the growth of the penetration testing market. In addition, massive usage of smartphones has also increased the use of mobile-based business-critical applications and growing internet penetration are some determinants that is expected to offer lucrative opportunities to the penetration testing solutions. Additionally, integration of technologies like machine learning & artificial intelligence, remote working security assessments, and growing trends of penetration testing-as-a-service (PTaaS) is anticipated to create new avenues for growth for the vendors offering penetration testing solutions. COVID-19 Impact Analysis The outbreak of the COVID-19 pandemic has severely affected various industries across the world. The disease has spread in most of the countries and WHO declared it a public health emergency. Also, the coronavirus had a negative impact on the penetration testing market. The COVID-19 outbreak affected the global economy in different ways like disrupting the supply chain and market, reduced the demand and production rate, and heavy loss of the industries. In addition, the government has imposed severe restrictions on movement due to which flights were canceled, traveling was banned and among others. During the pandemic, many companies started working from remote areas. Employees were given instructions to follow the stringent norms of the COVID-19 pandemic to avoid face-to-face interactions and maintaining social distance. Several companies started to digitalize their business, which increased the demand for various cybersecurity solutions and penetration testing solutions. Employees got access to use the company's data on their personal devices, which surged the chances of data breaching and data loss. All these factors are accountable to gradually surge the demand for the penetrating testing market. Market Growth Factors: Imposition of strict norms and compliances by the government regarding frequent penetration testing The government has implemented certain regulations like OWASP, NIS, SOX, SOC2, PCI, DSS, and GDPR according to which, it is necessary to conduct penetration testing at regular intervals and companies will be charged, if they unable to follow the rules strictly. As stated by REdScan, companies are anticipated to adopt the process of penetration testing at regular intervals and for evaluation of the efficiency of technical and company's measures to secure the data processing. The trend of penetration testing-as-a-service (PTaaS) has witnessed a boost Cloud-based penetration testing is also known as penetration testing-as-a-service (PTaaS) and the cybersecurity industry is observing a surge in the trends of PTaaS. PTaaS helps in offering the resources that are required by IT professionals to organize and act upon the penetration tests. This test includes continuous monitoring and generates reports that allow users to view results in real-time. Market Restraining Factor: Low availability of skilled security experts who can perform penetration tests The major problem of the companies is to deal with the smaller number of skilled security experts and hence, is responsible for slowdown the capability of companies that face growing cybersecurity needs. Several companies hire people to identify and analyze cyber threats but these people are also highly qualified, and thus, are unable to succeed in preventing the data from cyber attackers. In addition, the installation of penetration testing solutions requires a large investment, which is another factor hampering the growth of the penetration testing market. Recent Strategies Deployed in Penetration Testing Market Partnerships, Collaborations, and Agreements: Jul-2021: HelpSystems came into partnership with Cybellum, a leader in automotive cyber security risk assessment solutions. The companies' joint solution is expected to provide automated security scanning and a full vulnerability management analysis across the connected car lifecycle to make sure the automotive software security and compliance with road vehicle standards & regulations. Apr-2021: IBM Security came into partnership with HCL Technologies, a technology services firm. This partnership aimed to assist unifies and streamline threat management for customers via a modernized security operation center (SOC) platform. HCL's Cyber security Fusion Centres is expected to be developed to take benefits of IBM's Cloud Pak for Security, to assist in making a unified security platform to connect security teams, tools, and procedures over the threat lifecycle. Jul-2020: Checkmarx formed a partnership with Gaming Innovation Group (GiG). This partnership aimed to enable GiG to offer its developers a robust source code scanning tool that is expected to enable them to detect and rectify security vulnerabilities in custom code security at one point. This is expected to also improve the development process by boosting remediation time, and by producing more meaningful and actionable insight on code security. Jan-2020: HackerOne came into partnership with OPPO, an electronics manufacturer based in Guangdong, China. Through this partnership, OPPO is expected to enhance the security of its products & services, and deliver a safer internet by engaging the world's security research community with HackerOne. Acquisitions and Mergers: May-2021: HelpSystems took over Beyond Security, a global leader in automated vulnerability assessment and compliance solutions. This acquisition aimed to offer detection across applications, networks, endpoints, and the cloud for its expanding customer base as part of HelpSystems. Feb-2021: HelpSystems acquired Digital Defense, a software company. In the HelpSystems' cybersecurity portfolio, Digital Defense is expected to join Core Security and Cobalt Strike to set up a comprehensive, top-class security assessment toolkit. In addition, Digital Defense is expected to continue to safeguard the ever-growing IT underpinnings of thousands of companies as part of HelpSystems. Jul-2020: Offensive Security took over open source security training resource hub VulnHub. This acquisition aimed to complement OffSec's ongoing mission to deliver practical training content to aspiring cybersecurity professionals. All the VulnHub content is expected to be accessible for free in keeping with OffSec's objective to open source. Mar-2020: HelpSystems took over Cobalt Strike, a leading penetration testing (pen-testing) solution. This acquisition aimed to support HelpSystems' prevailing Core Security business unit by bringing top-class tools and integrating them with robust services to strengthen HelpSystems' infrastructure protection portfolio. Key Topics Covered: Chapter 2. Market Overview 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Mar - 2021, Mar) Leading Players Chapter 4. Global Penetration Testing Market by Offering 4.1 Global Penetration Testing Solution Market by Region 4.2 Global Penetration Testing Services Market by Region Chapter 5. Global Penetration Testing Market by Application 5.1 Global Penetration Testing Web Applications Market by Region 5.2 Global Penetration Testing Mobile Applications Market by Region 5.3 Global Penetration Testing Network Infrastructure Market by Region 5.4 Global Penetration Testing Social Engineering Market by Region 5.5 Global Penetration Testing Cloud Market by Region 5.6 Global Other Application Penetration Testing Market by Region Chapter 6. Global Penetration Testing Market by Deployment Type 6.1 Global Cloud-based Penetration Testing Market by Region 6.2 Global On-premise Penetration Testing Market by Region Chapter 7. Global Penetration Testing Market by Enterprise Size 7.1 Global Large Enterprises Penetration Testing Market by Region 7.2 Global Small & Medium Enterprises Penetration Testing Market by Region Chapter 8. Global Penetration Testing Market by End User 8.1 Global IT & Telecom Penetration Testing Market by Region 8.2 Global BFSI Penetration Testing Market by Region 8.3 Global Retail Penetration Testing Market by Region 8.4 Global Healthcare Penetration Testing Market by Region 8.5 Global Manufacturing Penetration Testing Market by Region 8.6 Global Education Penetration Testing Market by Region 8.7 Global Others Penetration Testing Market by Region Chapter 9. Global Penetration Testing Market by Region Chapter 10. Company Profiles 10.1.1 Company Overview

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Expert Collections containing Core Security

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Core Security is included in 4 Expert Collections, including Regtech.

R

Regtech

1,342 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

b

big data

1,068 items

C

Cybersecurity

4,715 items

D

Digital ID In Fintech

268 items

For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.

Core Security Patents

Core Security has filed 2 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/5/2010

7/16/2013

Computer network security, Computer security, Hacking (computer security), Computer security exploits, Enterprise application integration

Grant

00/00/0000

00/00/0000

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Application Date

8/5/2010

00/00/0000

Grant Date

7/16/2013

00/00/0000

Title

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Related Topics

Computer network security, Computer security, Hacking (computer security), Computer security exploits, Enterprise application integration

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Status

Grant

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