28 December 2020, Kathmandu
Vairav Technology is one of the leading cybersecurity companies in Nepal. The company has got in the list of MSSP Alert’s Top 250 MSSPs. It was founded in 2019. In a very short period, Vairav has made it to the Top 250 MSSPs. MSSP stands for Managed Service Security Provider
Vairav Technology introduces itself as a Cyber Defender from the Land of Gurkha. Vairav has a growing international clientele. They provide services to prevent cyber-crime, protect data, and reduce security risks. Their services include:
- SOC as a service,
- security testing,
- IS audit, and
- cybersecurity consultation.
MSSP Alert 2020
MSSP Alert identifies and honors MSSPs, MDRs, and SOCAS from all around the world. Where the MDRs and SOCAS stand for Managed Detection and Response, and Security Operations Center as a Service Provider.
The ranking of cybersecurity service providers done according to:
- MSSP Alert 2020 Readership Survey, and
- the global editorial coverage of MSSPs’ digital media sites.
Amy Katz is the CEO of Nine Corporation and MSSP Alert. She said, “Despite the Corona epidemic in 2020, companies have managed to grow their businesses by protecting digital assets around the world by reducing the consumer risk.”
According to the MSSP Alert survey, the honored companies expect to earn 19.15 million dollars in 2020. Compared to 2019, revenue is expected to increase by 16 percent.
This year, companies from 25 different countries got included in the list. According to the report, 84% of MSSP companies have benefited in the fiscal year 2020.
Cyber-attacks are increasing with time. Most of the MSSP users got attacked which include
- 95 percent phishing,
- 76 percent vulnerabilities, and
- 69 percent ransomware attacks.
According to the survey, mergers, acquisitions, and private equity investment in the sector are rising. MSSP survey participants mentioned 129 different hardware, software, cloud, and services, vendors. These assist their cybersecurity efforts. This number went up from 95 in 2019 to 129 in 2020.