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Micro Focus has been recognized as a Leader in The Forrester Wave™: Static Application Security Testing, Q1 2021 report. The assessment highlighted Fortify on Demand and Fortify Static Code Analyzer for their holistic application security solutions. Notably, Forrester awarded top scores in eight criteria based on offerings and market presence. As organizations migrate towards a DevOps environment, the need for integrated security solutions becomes paramount. Micro Focus aims to enhance cyber resilience by eliminating vulnerabilities early in the development lifecycle.
Micro Focus (NYSE: MFGP) released findings from its 'Endless Modernization' study in partnership with Standish Group, highlighting the advantages of a continuous modernization approach over traditional rip-and-replace strategies. The study, based on over 50,000 data points, shows a 71% success rate in modernization projects compared to 26% for replacements. Additionally, modernization yields higher customer satisfaction and better returns on investment, setting it as the preferred method for enterprise digital transformation. This research underscores the value of incremental improvements in enhancing application longevity and performance.
Micro Focus has launched CyberResilient.com, a digital resource aimed at assisting CISOs and board members in navigating the complexities of the digital economy amidst increased cybercrime. This platform offers a 360˚ Cyber Resilience Assessment Tool to help organizations assess their cyber resilience and identify strategy gaps. Senior VP John Delk emphasized that organizations with frameworks to adapt to adversity will better navigate challenges, thereby driving business growth and modernization. CyberResilient.com provides essential resources for enhancing security and operational excellence.
On Oct 19, 2020, Micro Focus and CyberEdge Group released the 2020 State of Security Operations report. The report highlights that over 93% of security operations centers (SOCs) are utilizing AI and ML to enhance advanced threat detection. Additionally, 89% of respondents plan to adopt Security Orchestration and Automated Response (SOAR) tools within a year. The report reveals that 90% of organizations are using the MITRE ATT&CK framework for threat detection, amid rising cybersecurity challenges due to the pandemic, particularly increased cyberthreat volumes and unmanaged devices.
Micro Focus (LSE: MCRO; NYSE: MFGP) announced the availability of ArcSight 2020 on August 4, 2020. This update introduces a unified layered analytics platform enhancing security operations centers (SOCs) with improved threat detection through AI-powered analytics. The platform aims to reduce resource drain while simplifying security processes. Following the acquisition of ATAR Labs, ArcSight is set to offer a comprehensive Security Operations and Automation Response (SOAR) integration. The new version is designed to address SOCs' talent shortage challenges, improving productivity and efficiency.