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NAICS Code Of Cybersecurity

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Introduction: With the increasing amount of cyber-attacks and data breaches affecting many organizations, cybersecurity companies provide these services to help organization protect themselves from these threats. In fact, security solutions and services are in a demand from organizations such as government, military, and banking financial services that need their confidential documentation protected (Cyber Security Market, 2015). The cybersecurity industry continues to grow as hackers are now finding more opportunities to steal confidential information and disrupt organization information systems. For instance, the cybersecurity market is projected to grow from $75 billion in 2015 to $170 billion by 2020 (Morgan, S. 2015). The NAICS needs …show more content…

For instance, the companies’ activities can be listed under one or more of family classifications that were provided. Each family classification almost has the same kind of establishment and process to provide technical services to other companies under the NAICS. Since the company has manufactured a variety of cybersecurity suite products that integrate with network sensors, there company can fit under NAICS code prefix 334. NAICS code 334 discusses about industries that manufacture computers, computer peripherals, and communications equipment (North American Industry Classification System. n.d). This code would fit the company’s activities for integrating network sensors because industries may want to look for a company that offers this product under the NAICS. In addition, the company could also be under NAICS code prefix 51. NACIS code 51 describes industries that offer services like software publishing, custom programming services, and distributing information (NAICS Code 51, n.d). Since the company offers its own data analytics software it is important that they should have their company listed under this NAICS code. Also, the company should also be listed under NAICS code prefix 44. NAICS code 44 describes industries that engaged in retailing merchandise and rendering services (Sector 44-45 Retail Trade. n.d). It is important for the company to be listed under …show more content…

For instance, I recommend that this company should be listed under the NAICS code 561621 security system services. NAICS code 561621 describes about “establishments primarily engaged in selling security alarm systems for buildings, without installation, repair, or monitoring services” (NAICS Code 561621 Security Systems Services. n.d). It is important for the company to list this NAICS code on their website to make it easier for other industries to understand the activities that company provides. In fact, there are a variety of business listings that the company may compete against with their business activities. The company will have to compete with other companies such as GuardMe Security, Patriot Technologies, and Trackforce (Business List NAICS Code 561621, n.d.). With a variety of companies that offer the same products or services it is important for the targeted company to be listed with these businesses so that they can standout to industries requesting security needs. The company should also include this NAICS code in their finical reports since the government uses the code for auditing purposes. In fact, the company will also need to update its NAICS codes in relation to any modifications to company’s revenue (What is a NAICS Code? n.d). It is important for the

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