Quadrant Knowledge Solutions has announced today that it has recognized TrapX Security as 2018’s company of the year for the global deception technology market. TrapX’s recognition is driven by their strong growth and superior technology in protecting IT and IoT networks at scale.

Quadrant Knowledge Solutions recent study “Market Outlook: Deception Technology, 2018-2023, Worldwide” analyzes market dynamics, technology trends, short-term and long-term opportunities and the vendor ecosystem of the global market. This research provides strategic information for users to evaluate different vendor capabilities, competitive differentiation, and their market position.

In 2018, TrapX Security has been able to exponentially grow their business in both tier-1 and mid-market customers. TrapX’s product DeceptionGrid is the only cyber deception product to provide dynamic deception and effective coverage of IoT networks at scale. It’s low-friction and high-accuracy detection capabilities, help organizations in protecting themselves against advanced targeted attacks and malicious insiders.

TrapX has also been leading the deception technology category by being the first to build a community for sharing deception strategies and trap types to deceive advanced cyber-attacks.

“The innovative and sophisticated technology platform of TrapX, is well positioned to help enterprise organizations in signatureless detection of sophisticated malware,” said Divya Baranawal, Industry Analyst at Quadrant Knowledge Solutions. “Organizations can now improve their defense strategy against advanced persistent threats, insider threats, and targeted threats. TrapX, with their continued focus on delivering strong technology and customer value proposition, has the potential to cause significant disruption in the cybersecurity world.

Deception Technology offers low friction deployment and highly accurate detection and is fast becoming the de-facto standard for detecting APTs / Advanced Persistent Threats,” said Ori Bach, General Manager & VP Products of TrapX. “We are proud to have established this important category of cyber deception technology and will continue to lead it.”

About TrapX Security

TrapX Security is the pioneer and global leader in cyber deception technology. Their DeceptionGrid solution rapidly detects, deceives, and defeats advanced cyber attacks and human attackers in real-time. DeceptionGrid also provides automated, highly accurate insight into malicious activity unseen by other types of cyber defenses. By deploying DeceptionGrid, you can create a proactive security posture, fundamentally halting the progression of an attack while changing the economics of cyber attacks by shifting the cost to the attacker. The TrapX Security customer-base includes Forbes Global 2000 commercial and government customers worldwide in sectors that include defense, healthcare, finance, energy, consumer products, and other key industries. Learn more at https://trapx.com/

About Quadrant Knowledge Solutions

Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverable is designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit https://quadrant-solutions.com/market-research/