Tag Archive for: business

Global Threat Intelligence Market Report 2023-2033: Safeguarding Against Evolving Cyber Threats – ResearchAndMarkets.com | Business

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DUBLIN–(BUSINESS WIRE)–Jul 25, 2023–

The “Threat Intelligence Market Report 2023-2033” report has been added to ResearchAndMarkets.com‘s offering.

Overall world revenue of the global threat intelligence market is expected to surpass US$9.55 billion in 2023.

In today’s digital landscape, cyber-attacks are on the rise, posing a significant risk to organizations across industries. With high-profile data breaches and ransomware incidents making headlines, the need for robust threat intelligence has never been more critical.

This report serves as a vital resource for leading firms seeking new revenue opportunities and a deeper understanding of the industry’s dynamics. It offers valuable insights for companies looking to expand into different sectors or regions, equipping them with the knowledge to make informed decisions and protect their valuable assets.

With cyber threats becoming increasingly sophisticated, organizations must remain one step ahead. Threat intelligence provides real-time data on emerging threats, enabling proactive measures against potential breaches. By leveraging this intelligence, organizations can strengthen their incident response capabilities, minimize the impact of attacks, and safeguard their reputation.

As technology evolves, so do the tactics of cybercriminals. Threat intelligence not only helps identify new attack vectors and advanced malware but also empowers organizations to fortify their defenses. With these insights, businesses can stay ahead of the ever-evolving threat landscape, ensuring a secure and resilient future.

Join us in exploring the latest trends, emerging threats, and opportunities in the Threat Intelligence Market. Be prepared to safeguard against cyber threats and take decisive action to protect your business.

What Questions Should You Ask before Buying a Market Research Report?

  • How is the threat intelligence market evolving?
  • What is driving and restraining the threat intelligence market?
  • How will each threat intelligence submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?
  • How will the market shares for each threat intelligence submarket develop from…

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The Global Impact of Ransomware on Business Operations and How to Stay Protected

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Understanding the Global Impact of Ransomware on Business Operations and Strategies for Protection

Ransomware, a type of malicious software designed to block access to a computer system until a sum of money is paid, has become a global menace, causing significant disruptions to business operations worldwide. The global impact of ransomware on business operations is profound, with companies of all sizes and across all industries falling victim to these cyber-attacks.

In recent years, the frequency and sophistication of ransomware attacks have increased dramatically. Cybercriminals are now targeting not only large corporations but also small and medium-sized businesses, which often lack the resources and expertise to defend against such attacks. The consequences of a successful ransomware attack can be devastating, leading to significant financial losses, operational disruptions, and reputational damage.

According to a report by Cybersecurity Ventures, the global cost of ransomware is expected to reach $20 billion by 2021, up from $325 million in 2015. This staggering increase underscores the growing threat that ransomware poses to businesses around the world. Moreover, the actual cost of ransomware is likely much higher, as many attacks go unreported due to fear of reputational damage or regulatory penalties.

The global impact of ransomware extends beyond direct financial losses. Businesses affected by ransomware often experience significant operational disruptions as they struggle to restore their systems and recover their data. These disruptions can last for days or even weeks, leading to lost productivity and missed business opportunities. In some cases, businesses may be forced to shut down operations entirely until the ransomware issue is resolved.

Furthermore, ransomware attacks can have a lasting impact on a company’s reputation. Customers, partners, and stakeholders may lose trust in a company that has fallen victim to a ransomware attack, particularly if sensitive data is compromised. This loss of trust can lead to lost business and can take years to rebuild.

Given the significant global impact of ransomware on business operations, it is crucial for businesses to…

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Blockchain Iot Market Size, 2023 is Booming Worldwide Business Forecast by 2030

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PRESS RELEASE

Published July 6, 2023

Report Ocean recently released a comprehensive report on the global Blockchain Iot market, offering valuable insights into various factors impacting the market’s growth. The report covers crucial information on market restraints, drivers, and opportunities, enabling readers to understand the market dynamics. It also provides a detailed analysis of industry developments and trends that are shaping the global Blockchain Iot market. Furthermore, the report includes a thorough assessment of the market at both global and regional levels, providing comprehensive insights for businesses and stakeholders.

The global blockchain IoT market size was US$ 3.5 billion in 2021. The global blockchain IoT market is forecast to grow to US$ 271 billion by 2030, registering a compound annual growth rate (CAGR) of 45.2% during the forecast period from 2022 to 2030.

Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=Pol455

Factors Influencing the Market

  • The increasing penetration of IoT technology is forecast to benefit the global blockchain IoT market. Growing initiatives to establish smart cities, smart transportation infrastructure, and vehicular connection forecast to play a beneficial role.
  • The increasing privacy concerns related to IoT devices, such as botnet attacks, Distributed Denial of Service (DDoS) assaults, and insecure ecosystem interfaces, are forecast to benefit the global blockchain IoT market during the forecast period. Blockchain offers an effective solution for IoT security. It enhances data security and protects data from unauthorized access. All of these factors will contribute to market growth.
  • The increasing focus of companies towards adopting effective solutions is forecast to benefit the global blockchain IoT market. Due to the COVID-19 pandemic, companies are increasingly inclining towards online operations. As a result, the demand for data security is forecast to increase from the government, BFSI, and private companies. However, a lack of knowledge about the technology may hamper the growth of the global blockchain IoT market.

Regional Analysis

The Asia-Pacific…

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MOVEit hackers may have found simpler business model beyond ransomware

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A notorious cyber extortion gang’s latest plot is fueling concern that ransomware actors may have hit upon a simpler and just-as-lucrative business model than their traditional methods of demanding payment from victims in exchange for the release of their computer systems.

The Russian-speaking hacker group Cl0p confirmed it exploited a zero-day vulnerability in the popular MOVEit file transfer program and stole data from a growing number of victims, exposing the personal information of many millions of people worldwide.

It’s Cl0p’s third and largest hack of file-transfer software, which is designed to securely facilitate an organization’s transmission of sensitive data. More alarmingly, it’s also the third time it has simply demanded payment not to release data rather than demanding a ransom to decrypt a victim’s system.

“It’s sort of a new business model for them,” said Huntress senior researcher John Hammond, who helped find the backdoor zero-day exploit Cl0p used to trick MOVEit’s database to execute the gang’s commands. Hammond said the latest extortion method is easier to implement.

“You don’t need to encrypt the hard drive,” he said. 

Hammond and others warn that we should expect to see additional attacks in the future targeting file-transfer software in particular, as well as other data-rich tools such as document management programs.

“It’s been quite productive,” said Bert Kondruss, founder of cybersecurity firm Kon Briefing. “I’m pretty sure they will concentrate on this.” 

Scouring regulatory filings, public statements and other sources, Kondruss has compiled an unofficial list of 128 victims so far. Hammond, Kondruss and others expect many more. 

Analysts say the bulk of the attacks occurred over the Memorial Day weekend in the United States when staffing was minimal.  

The hacking group began publishing the names of its victims earlier this month after demanding payments from them, including the University of California, Los Angeles, Siemens Energy and three others reported on Monday. Cl0p continues to post updates that claim to detail new victims on a daily basis.

“The company doesn’t care about its customers, it ignored their security!!!” the hackers wrote on their…

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