The ever-growing knowledge economic system on the planet and in Türkiye makes companies holding huge quantities of knowledge liable to the rising menace of cyberattacks, which have been relentlessly dominating headlines.
And that is having an impression as efficient because the transformation in each sector.
Attacks on e-commerce websites and marketplaces are sufficient to show the economic system the other way up. Although the utilization fee is at the moment low in Türkiye, the harm attributable to cyberattacks within the subject of mobility continues to develop yearly with the speedy enhance in using electrical and autonomous autos and micro-mobility autos corresponding to scooters.
Digital transformation research have been making important industries, from manufacturing, advertising and marketing, gross sales to well being and schooling, to convey ahead investments in cybersecurity. What is extra, home and international buyers investing in cybersecurity initiatives are participating in a business area that won’t have a scarcity of shoppers within the world market.
Cyberattack each 11 seconds
Reyhan Baylan, a managing director of Applied Value Group Türkiye, which affords providers associated to funding, administration consultancy and social accountability initiatives, says a cyberattack takes place on the planet each 11 seconds.
“There is an approximately 125% increase in cyberattack cases in a year. These attacks cost companies an average of $4.35 million per data breach. It takes an average of nine months to detect the attack and control the damage. It is possible to prevent these losses by taking precautions before the attack occurs,” Baylan famous.
She additionally detailed their latest funding in CatchProbe Intelligence Technologies Corporation (CatchProbe Incorp.), a Turkish platform creating a brand new era of built-in digital intelligence merchandise.
“When we examined the product, we came to the conclusion that the product successfully fulfills the centralized and autonomous platform required by SaaS infrastructure. We have full faith in the entire team, especially the founder Batuhan Tosun. We are sure that the perfectionist structure and work ethic of Tosun, who has achieved great successes at a young age, will carry CatchProbe Incorp. to a much higher level,” stated Baylan.
Decentralized knowledge
The ever-growing concentrate on knowledge has been bringing ahead the query of the place firms ought to retailer their knowledge, which is more and more turning into decentralized.
By 2025, world analysis agency Gartner predicts that 75% of enterprise-generated knowledge shall be created and processed exterior a standard knowledge middle or cloud.
A small fraction of this knowledge is now stated to be generated by people. The majority is produced by machines, sensors and cameras, and more often than not they aren’t dropped at knowledge facilities or the cloud. Enterprises are growing cybersecurity funding to handle this knowledge that’s turning into decentralized day by day and remove safety points.
Companies that fail to handle this alteration might discover it tough to carry out providers for governmental establishments. Here the digital world meets the bodily world. Many organizations engaged in a number of industries corresponding to retail, manufacturing, transportation or vitality manufacturing perform important facets of their business on the edge. Gartner defines edge computing as options that facilitate knowledge processing at or close to the supply of knowledge era.
Cloud
In different phrases, when the effectivity and administration functionality of data-oriented managed companies enhance, cybersecurity dangers enhance as nicely. That is why the yr 2023 may also be a important yr when it comes to tackling cyber threats. Organizations are more and more turning to the cloud and IT options to handle each their very own knowledge facilities and endpoints.
Again, within the coming yr, we’ll witness clients growing using safe backup options to guard knowledge created on the edge, each at endpoints and knowledge facilities. In addition, methods may also be wanted to increase knowledge safety to endpoints and remove the vulnerability of community intrusions at endpoints.
It is just not straightforward for expertise giants corresponding to Dell, Amazon Web Services (AWS) and Microsoft to remotely handle options for organizational wants.
$350 billion market
A latest funding by Sabancı DX in a cybersecurity initiative exhibits that its mother or father firm Sabancı Holding, one of many largest Turkish conglomerates, desires so as to add cybersecurity to its long-term digital expertise pool. This can be essential for shielding the strategic investments of all the firm.
With the event of digital expertise, the difficulty of cybersecurity is turning into extra essential than it has ever been, and can attain a market dimension of $350 billion on the finish of 2026, stated SabancıDx General Manager Doğuş Kuran.
Kuran acknowledged that the “Operational Technologies” (OT), which offers safety for important infrastructure networks, is the quickest rising safety market area and stated that they’ve invested therein.
“In order to expand the scope of our work in this field, we have incorporated Radiflow company, which has a global network and is growing rapidly. Radiflow, with more than 100 customers, safeguards more than 6,000 facilities, has operations in Europe, the United States, the Middle East, North Africa and Asia Pacific. We aim to be the solution partner of global companies in the field of cybersecurity,” he famous.
Strategic knowledge and cloud
Also evaluating his firm’s funding in CatchProbe Incorp., Applied Value Group Chair Bruce Grant stated a whole bunch of their clients world wide, most of them Global Fortune 500 firms, have lastly begun realizing that cybersecurity impacts all facets of their business as a result of potentialities of refined assaults.
“For this reason, we encourage our customers, especially those who have strategic importance, to move their data to the cloud. That’s exactly why we founded RiverMeadow, a Silicon Valley-based cloud migration software company 10 years ago,” Grant stated.
“In addition, we searched for the world’s most advanced software and consulting solutions in the field of cybersecurity because we sensed the serious need for this sector. Therefore, we have decided to become a partner of CatchProbe and participate along with the board of directors.”
Open supply
CatchProbe Incorp. affords an answer that eliminates misinformation in cyber intelligence merchandise and meets the necessity for “webint,” which was part of the navy area but in addition became a company want after the coronavirus pandemic.
The platform is the one product on the planet within the subject of built-in centralized digital intelligence options that mixes open-source intelligence and contains synthetic intelligence-based clever lure techniques.
CatchProbe is targeted completely on creating a single product, stated its founder, Tosun. “CatchProbe Incorp., the foundations of which we laid seven years ago, is the world’s first artificial intelligence-driven centralized and autonomous digital intelligence action platform with features and modules. We are a company that operates in the American market as an institution and whose target market is America. Our institution, which is a high-tech company with 100% American origin and accredited by many security authorities, is moving towards becoming a multinational company with a board of directors based in America,” he famous.
Tosun additionally acknowledged that the corporate can be planning to begin working in Western Europe within the coming interval. “Following the launch of our latest version, we are also aiming to develop mobile applications for mobile intelligence security and mobile leak detection. We are continuing the investment processes at the pre-seed stage. We aim to complete the Series A round in 2025 and become one of the largest technology companies in the world by being listed on the New York stock exchange in 2027,” he added.
$5 trillion market
Tosun underlined that they appealed to markets within the areas associated to cybersecurity, menace intelligence, digital intelligence, cyber intelligence and deception.
“The size of the market we operate in is about $5 trillion. We offer a solution consisting of six modules that can be purchased individually or integrated within the ‘All-in-One Cyber and Digital Intelligence’ platform. With the solution we offer in the SaaS infrastructure, we eliminate the need to invest in any hardware and reduce expenditures by half,” he claimed.
He additionally famous that with the centralized and autonomous answer that the corporate affords, additionally they remove the specialist and engineer dependence. “By providing verified and actionable intelligence, we block all disadvantages such as false intelligence, irrelevant data, uncorrelated attack analysis and failure to intervene in a timely manner,” he famous.
‘Pay as you use’ mannequin
Cloud merchandise that allow quick knowledge switch, backup and archiving of constantly growing knowledge, which have became an excellent want, from the general public to the non-public sector, can now be accessed by way of a single platform.
Türk Telekom, which seeks to assist companies profit from benefits corresponding to knowledge safety, scalability and useful resource financial savings by way of cloud transformation because of infrastructure geared up with new expertise and delivering higher buyer expertise, is positioning its knowledge middle and cloud merchandise underneath the Türk Telekom Cloud platform.
Fatih Türkoğlu, a product and repair administration professional at Türk Telekom, says that main firms and establishments in Türkiye are choosing Türk Telekom cloud providers.
“While it is necessary for company clients to strengthen their wants from a technological facet of their digital transformation journeys so as to decouple from the competitors in world and native markets, cloud investments additionally play an essential function on this transformation journey,” stated Türkoğlu.
“The cloud computing market in Türkiye is estimated to reach $1 billion by 2026, up from $377 in 2021,” he stated, citing IDC’s market report. The market is estimated to be rising 2.8 occasions on a international forex foundation by 2026 in comparison with 2021.
“As Türk Telekom, we are increasing our investments in this field by supporting the ‘Let Türkiye’s data stay in Türkiye’ thesis with the sensitivity of information security and anticipating that cloud transformation is the prerequisite for keeping up with digital transformation,” stated Türkoğlu.
“Another important factor differentiating our users in the sector is that they pay in Turkish liras with the ‘pay as you use’ model of our state-of-the-art cloud service. With Türk Telekom Cloud, we aim to provide advantages to enterprises in digitalization processes in areas such as cost, flexibility, security and to be by their side in digitalization processes,” he famous.
