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CISOaaS - Companies Serving Small-to medium Sized Businesses
By revenue, the top six companies in the US that provide CISO as a service to small- to medium-sized businesses are Verizon, Cisco, Deloitte, Rapid7, CoalFire, and Avalon Cyber.
Verizon
- Verizon provides security solutions and professional services to small businesses. Its corporate headquarters is located in New York, NY.
- The company's official website can be accessed here.
- In 2018, the company generated $130.9 billion in consolidated revenues.
Cisco
- Cisco offers security advisory services to small and medium-sized businesses. They are headquartered in San Jose, CA.
- The company's official website can be accessed here.
- In FY 2019, Cisco generated a revenue of $51.9 billion, 25 percent of which come from its services and 5 percent from security.
Deloitte
- Deloitte offers cyber risk advisory and services to small and medium-sized enterprises. Its US headquarters is in New York, NY.
- The company's official website can be accessed here.
- In FY 2019, Deloitte reported a total revenue of $46.2 billion, with its Risk Advisory business segment showing an 8.4 percent growth fueled by the double-digit growth of its Cyber Risk and Financial Risk offerings.
Rapid7
- With a team of former security leaders from different industries, Rapid7 offers virtual CISO services (vCISO) to teams and organizations no matter the size. Its global headquarters is in Boston, MA.
- The company's official website can be accessed here.
- Rapid7 generated $244.1 million in revenue for the full year of 2018, 85 percent (or $207.7 million) of which come from North America and 15 percent ($36.4 million) from the rest of the world.
CoalFire
- CoalFire is a vendor-neutral cyber security advisory firm that provides CISO program management services to organizations of all sizes, and it is headquartered in Westminster, CO.
- The company's website can be accessed here.
- CoalFire is estimated to have an annual revenue of $165 million.
Avalon Cyber
- Avalon Cyber Security partners with Side Channel Security in providing vCISO services to small and medium-sized companies and organizations. Avalon Cyber Security is headquartered in Buffalo, NY.
- The company's official website can be accessed here.
- Avalon Document Services, the company that owns Avalon Cyber, has an estimated annual revenue of $16.8 million.
Research Strategy
To determine six top companies in the US that provide CISO as a service or vCISO to small- to medium-sized businesses, we started our research by looking into market reports on security advisory services. We found a precompiled list on the top companies in this industry provided by Markets and Research. However, since this is a paid report, the report overview did not mention how the rank was determined. We used this list as a starting point and focused on US companies. We also removed companies that have been mentioned in the previous research. After which, we looked into the remaining companies individually if they provide CISO as a service, vCISO, or security advisory to small and medium businesses and only included the top six that meet the mentioned criteria. Lastly, we ranked them according to their overall revenue since revenue generated by providing CISO as a service or cyber security advisory is not available.