With the ever-growing data economy globally and in Turkey, businesses that hold vast amounts of data are under constant threat from cyberattacks that are dominating headlines.
And this is having an impact as effective as transformation in any sector.
Attacks on e-commerce sites and marketplaces are enough to turn the economy upside down. Although the utilization rate is currently low in Turkey, damage caused by cyberattacks in the mobility sector continues to expand year by year due to the rapid spread of micromobility vehicles such as electric vehicles, self-driving vehicles, and scooters.
From production, marketing and sales to health and education, the study of digital transformation continues to make industries vital to driving cybersecurity investments. In addition, domestic and foreign investors investing in cybersecurity initiatives are working on business domains where there is no shortage of customers in the global market.
Cyber attack every 11 seconds
Reyhan Baylan, managing director of Applied Value Group Türkiye, which provides services related to investment, management consulting and social responsibility projects, says that the world experiences a cyberattack every 11 seconds.
“The number of cyberattacks has increased by about 125% year-over-year. These attacks cost businesses an average of $4.35 million per data breach. How to detect and limit attacks , which takes an average of nine months.We can prevent these losses by taking precautions before an attack occurs,” said Baylan.
We also discussed our recent investment in CatchProbe Intelligence Technologies Corporation (CatchProbe Incorp.), a Turkish platform developing a new generation of integrated digital intelligence products.
“After examining the product, we have come to the conclusion that it successfully meets the centralized and autonomous platform required for SaaS infrastructure. I am confident that Tosun’s perfectionist nature and work ethic, which made him very successful at a young age, will carry CatchProbe Incorp to a much higher level,” said Baylan.
The growing interest in data is raising the question of where companies should store their data, and data is becoming more and more distributed.
Gartner, a global research firm, predicts that by 2025, 75% of enterprise-generated data will be created and processed outside traditional data centers and clouds.
It is now said that a small portion of this data was generated by humans. Most are generated by machines, sensors, and cameras, and most never make it into the data center or cloud. Companies are investing more in cybersecurity to manage this increasingly distributed data and eliminate security issues.
Companies that fail to adapt to this change may find it difficult to serve government agencies. Here the digital world meets the physical world. Many organizations serving multiple industries such as retail, manufacturing, transportation, and energy production run critical aspects of their business at the edge. Gartner defines edge computing as solutions that facilitate data processing at or near the source of data generation.
In short, as the efficiency and control of your data-driven managed business increases, so does your cybersecurity risk. As such, 2023 will also be an important year in tackling cyber threats. Organizations are increasingly turning to cloud and IT solutions to manage both their data centers and endpoints.
Again, in the coming year, we will continue to see customers increasing their use of secure backup solutions to protect data created at the edge, both at the endpoint and in the datacenter. In addition, you need a way to extend data security to the endpoint and eliminate network intrusion vulnerabilities at the endpoint.
Technology giants such as Dell, Amazon Web Services (AWS), and Microsoft struggle to remotely manage their solutions to meet the needs of their organizations.
$350 billion market
Sabancı DX’s recent investment in cybersecurity initiatives shows that its parent company, Sabancı Holding, one of Turkey’s largest conglomerates, wants to add cybersecurity to its long-term digital talent pool. increase. This is also important for protecting strategic investments across the company.
With the development of digital technology, cybersecurity issues will become more important than ever, with the market size reaching $350 billion by the end of 2026, said Doğuş Kuran, general manager of SabancıDx.
Kuran said that “operational technology” (OT), which provides security to critical infrastructure networks, is the fastest growing security market domain and is where we are investing.
“To expand the scope of our work in this field, we founded Radiflow, a rapidly growing company with a global network. Radiflow has over 100 customers and protects over 6,000 facilities. , Europe, the United States, the Middle East, North Africa and Asia Pacific.We aim to be a solutions partner for global companies in the field of cybersecurity.”
Strategy data and cloud
Applied Value Group Chairman Bruce Grant also evaluated his company’s investment in CatchProbe Incorp. He said he was finally beginning to realize that the possibilities of technology would impact every aspect of his business. attack.
“For this reason, we encourage especially strategically important customers to migrate their data to the cloud. That’s why we did it,” says Grant.
“Furthermore, we saw a serious need in the cyber security field, so we searched for the world’s most advanced software and consulting solutions in this field. That’s why we decided to become a partner of CatchProbe and participate with the board of directors. .”
Catch Probe Inc. eliminates misinformation in cyber intelligence products and provides a solution to meet the needs of ‘webint’, formerly part of the military domain but also changed to enterprise needs after the coronavirus pandemic. To do.
The platform combines open source intelligence and is the world’s only product in the field of integrated centralized digital intelligence solutions including artificial intelligence-based intelligent trap systems.
CatchProbe is dedicated to developing one product, says founder Tosun. “CatchProbe Incorp., which we laid the groundwork for seven years ago, is the world’s first artificial intelligence-driven centralized and autonomous digital intelligence action platform with features and modules. A company that operates and has a target market in the United States A 100% American-origin high-tech company and accredited by many security authorities, our agency is a multinational company with a US-based board of directors. It’s on its way to becoming,” he said.
Tosun also said the company plans to open operations in Western Europe in the future. “Following the launch of our latest version, we also aim to develop mobile applications for mobile intelligence security and mobile leak detection. We are continuing the investment process at the pre-seed stage. We aim to be one of the largest technology companies in the world by listing on the New York Stock Exchange in 2019.”
$5 trillion market
Tosun emphasized its market appeal in areas related to cyber security, threat intelligence, digital intelligence, cyber intelligence and fraud.
“The market we operate in is approximately $5 trillion. We offer a solution consisting of six modules that can be purchased individually or integrated into an ‘all-in-one cyber and digital intelligence’ platform. A solution that we provide on a SaaS infrastructure eliminates the need to invest in hardware and cuts our expenses in half,” he argued.
He also said that the centralized and autonomous solution provided by the company also eliminates reliance on specialists and engineers. “By providing validated, actionable intelligence, we block all the downsides: false intelligence, irrelevant data, uncorrelated attack analysis, and failure to timely intervene,” he said. said.
Public and private sectors alike can now access cloud products from a single platform that enable high-speed data transfer, backup, and archiving of the much-needed, ever-increasing amount of data.
Türk Telekom aims to help companies take advantage of cloud transformation with benefits such as data security, scalability and resource savings, thanks to an infrastructure that is powered by new technologies and delivers a better customer experience. and positions its data centers and cloud products under the Türk Telekom cloud platform. .
Fatih Türkoğlu, product and service management expert at Türk Telekom, said that major companies and institutions in Türkiye have chosen Türk Telekom’s cloud services.
“While it is important for our enterprise customers to enhance their needs from the technical side in their digital transformation journey to separate themselves from competition in global and local markets, investments in the cloud also play a key role in this transformation journey. ,” said Türkoğlu.
“Turkiye’s cloud computing market is estimated to reach $1 billion by 2026, up from $377 in 2021,” he said, citing a market report from IDC. The market is estimated to grow 2.8 times he in foreign currency terms by 2026 compared to 2021.
“As Türk Telekom, we support the thesis ‘Let’s keep Türkiye’s data in Türkiye’ considering the confidentiality of information security, and expect cloud transformation to be a prerequisite for keeping up with digital transformation. By doing so, we are increasing our investment in this area,” said Türkoğlu.
“Another key factor that differentiates users in this space is that they pay in Turkish lira using the state-of-the-art cloud service ‘pay-as-you-go’ model. With Türk Telekom Cloud, we aim to provide companies with advantages in the digitization process in areas such as cost, flexibility and security, and to stand on their side in the digitization process,” he said. .