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Nordic Enterprises Seek Help with Ransomware Schemes

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Facing a dramatic rise in cyberattacks, enterprises in the Nordic countries are turning to cybersecurity services and solutions providers to thwart ransomware and other malicious intrusions, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2021 ISG Provider LensCybersecurity – Solutions & Services Report for the Nordics finds businesses in the region looking for support to keep cybercriminals from stealing intellectual property and personal information. Enterprises in the Nordics, including those in the healthcare, hospitality, IT and finance industries, saw a significant increase in cyberattacks in 2020.

“High-profile cyberattacks in the Nordics point to growing efforts by international cybercriminals to disrupt businesses and cause harm,” said Roger Albrecht, co-leader of ISG Cybersecurity. “In the coming years, their main targets are likely to be banks, payment providers, insurers and other financial services firms.”

In addition to a growing number of attacks, the COVID-19 pandemic has increased the attack surface for cybercriminals, the report adds. The number of employees working at home during the pandemic has left enterprises scrambling to protect workers’ PCs and mobile devices.

Nordic enterprises also see new cybersecurity challenges as they move data to the cloud, expand the number of applications they use, and go through mergers and acquisitions, the report says. Companies in the region are interested in emerging and evolving cybersecurity solutions and services, including data encryption, advanced endpoint detection, behavior-led identity and access management, and data loss prevention tools.

In addition, many companies in the region are embracing confidentiality, integrity and availability principles as they seek strategic security services, technical security services and managed security services. Strategic security services, for example, include security assessments, gap analysis, strategy development and risk-based resource allocation.

The report notes that identity and access management tools are becoming popular in the region as enterprises look for ways to stop disruptions caused by poor identity management policies. As the pandemic forced many employees to work from home, many enterprises were forced to reconsider their existing security systems.

Nordic enterprises are also embracing data leakage and loss prevention solutions, the report adds. Again, the COVID-19 pandemic has led to an increase in unsecured devices and an increasing use of technologies such as virtual private networks, which prompted companies to focus on improving their visibility across endpoints and devices.

The 2021 ISG Provider LensCybersecurity – Solutions & Services Report for the Nordics evaluates the capabilities of 83 providers across six quadrants: Identity and Access Management; Data Leakage/Loss Prevention and Data Security; Advanced Endpoint Threat Protection, Detection and Response; Technical Security Services; Strategic Security Services; and Managed Security Services.

The report names IBM as Leader in four quadrants, and Accenture, Atos, Capgemini, HCL and Orange Cyberdefense as Leaders in three. Microsoft, TCS and Trend Micro are named Leaders in two quadrants, and Broadcom, Carbon Black (VMware), Check Point, CrowdStrike, Deloitte, Digital Guardian, EY, Forcepoint, Heimdal Security, Kaspersky, McAfee, Mnemonics, Okta, Ping Identity, PwC, Sophos, Ubisecure and Wipro are all named Leaders in one quadrant.

In addition, Forgerock, Heimdal Security, Proofpoint and Wipro were named Rising Stars—companies with “promising portfolios” and “high future potential” by ISG’s definition—in one quadrant each.

The 2021 ISG Provider LensCybersecurity – Solutions & Services Report for the Nordics is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Germany, Switzerland, the U.K., France, the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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Contact information

Press Contacts:

Will Thoretz, ISG
+1 203 517 3119
will.thoretz@isg-one.com

Erik Arvidson, Matter Communications for ISG
+1 617 755 2985
isg@matternow.com

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