Group-IB Earns Frost & Sullivan’s 2024 Competitive Strategy Leadership Award for Pioneering a Decentralized Approach in the External Risk Mitigation and Management Industry


Frost & Sullivan recently researched the external risk mitigation and management (ERMM) industry and, based on its findings, recognizes Group-IB with the 2024 Global Competitive Strategy Leadership Award. Group-IB delivers advanced threat intelligence, robust external risk mitigation, and comprehensive fraud protection solutions, among its wide portfolio of proprietary cybersecurity technologies, that address emerging digital threats and help businesses fight cybercrime.

Group-IB sets itself apart in the market with substantial investments in research and development (R&D), agile development processes, a superior customer-focused approach, highly flexible pricing options, and tailored products and services to meet the unique needs of each organization. The company’s geo-distributed Digital Crime Resistance Center (DCRC) model and its customized ecosystem of innovative cybersecurity, anti-fraud and digital risk protection technologies, complemented by its wide service offering including high-tech crime investigations, incident response, and audits, ensuring its clients are equipped with cutting-edge cybersecurity solutions to protect their organizations from the latest threats.

Additionally, with its extensive portfolio and large client base of over 800 customers, Group-IB is positioned as a comprehensive solution provider in the ERMM industry. The company’s core strength, however, lies in its dynamic approach to cybersecurity and client relationships. Group-IB’s forward-thinking strategies and ability to offer tailor-made solutions have contributed to the company’s reputation as a reliable and highly trusted partner in the industry.

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“Thanks to its ability to foster strong relationships with its clients, Group-IB has become one of the leading global ERMM vendors and positioned itself to consistently adapt to the ever-changing threat landscape,” said Martin Naydenov, Senior Industry Analyst at Frost & Sullivan.

An innovative, geo-distributed team model is one of the key factors in Group-IB’s success. This unique approach allows the company to have a global presence, with teams strategically positioned in various regions worldwide, gathering, monitoring and analyzing cyber-threat data in real time. Group-IB currently has DCRCs in the Asia-PacificMiddle East and AfricaEurope, and Central Asia, staffed with highly-experienced researchers who are tasked with investigating cybercrimes, responding to incidents, monitoring local threats, and assessing regional trends. This distribution ensures that Group-IB has a deep understanding of local cybersecurity challenges and trends, enabling the company to provide highly specialized threat intelligence and customer support. The company plans to further expand its global DCRC network over the coming years.

Furthermore, Group-IB regularly monitors market trends by collecting direct feedback from multiple stakeholders, allowing the company to gain valuable industry insights and identify potential business opportunities. As a result, Group-IB differentiates itself from its closest competitors based on its ability to offer region-specific data and solutions, making it a go-to partner for organizations worldwide.

Group-IB‘s geo-distributed team model allows it to have eyes and ears in all regions, providing a level of threat intel and tailored customer support that few cybersecurity vendors can replicate,” noted Naydenov.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to execute a strategy successfully that results in stronger market share, competitive brand positioning, and customer satisfaction.

SOURCE: PRNewswire