Federal Data Systems Rebrands Cybersecurity Business, Launches Domain5
Federal Data Systems (FedData), an information technology services provider, has rebranded its commercial cybersecurity business as Domain5.
Domain5 has operated as Nobus Technical CounterIntelligence for the past six years and is now a limited liability corporation (LLC) under the FedData umbrella. It plans to deliver cybersecurity and enterprise risk management consultancy solutions to businesses, according to a prepared statement.
Domain5 offers cybersecurity services to Fortune 500 companies and small and medium-sized businesses (SMBs). By doing so, Domain5 helps businesses of all sizes design and execute a custom cybersecurity program and manage cyber risk, the company noted.
The Domain5 cybersecurity services portfolio includes:
- Compliance and Audit-Readiness: Helps businesses maintain industry-specific cybersecurity compliance and develop cybersecurity best practices.
- Chief Information Security Officer-as-a-Service: Provides businesses with access to a CISO to help them design, develop and implement cybersecurity programs.
- Risk Assessment: Enables businesses to identify their critical data and security vulnerabilities that increase the risk of data loss or exposure.
- Risk Intelligence: Offers research and advisory analysis to help businesses make informed decisions about potential partners, suppliers, investors and clients.
Domain5 currently provides risk assessment services to three customers, the Washington Business Journal indicated. The company also has three customers signed on for its CISO-as-a-service.
What Does the Future Hold for Domain5?
Domain5 has approximately 20 people on staff and plans to hire aggressively, the Washington Business Journal reported.
The company is led by EVP Lonny Anderson, who possesses 36 years of U.S. Department of Defense (DoD) and intelligence community experience and spent 15 years at the National Security Agency (NSA). It employs an executive team that combines military, intelligence and commercial expertise, as well as cybersecurity experts, risk and compliance experts and senior technologists.
In addition, Domain5 could help FedData capitalize on the growing global cybersecurity services market.
The global cybersecurity services market is projected to expand at a compound annual growth rate (CAGR) of 10.7 percent between 2018 and 2023, according to market research firm ReportBuyer. This market also could be worth approximately $165.2 billion by 2023.