Cyberthreats will drive higher growth in security spending

| August 22, 2017

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Spending on security products is forecast to grow by 7 percent this year, or a hefty $6.5 billion, as enterprises become increasingly wary of cybersecurity threats in the wake of several high-profile ransomware attacks earlier this year. Gartner Inc. said it its latest forecast that the global market for information security products and services will top $86.4 billion by the end of this year, before rising to $93 billion by the end of 2018. The nascent security testing market will see some of the biggest gains, the analyst firm said.

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Diamond Cyber Security

Diamond Cyber Security is an Australian information security firm founded through a unique partnership between Michael Malone (founder/CEO iiNet) and former members of the Australian Special Forces. Diamond Cyber Security delivers a range of services to combat the growing cyber threat to business including risk consulting, cyber framework auditing and assessment, offensive activities including penetration testing, security monitoring services, incident response, compromise assessments and intelligence collection. Diamond Cyber Security has developed trusted relationships with a broad spectrum of clients including mining and resource giants, national critical infrastructure providers, state and local governments, Defence, banks, professional service firms, and high net worth individuals

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