Tag Archive for: Forecasts

Anti Ransomware Market Challenges 2023: Size, Share, and Forecasts | Sophos, Check Point, Cybereason

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Market Expansion Forecast:
Foresee a robust Compound Annual Growth Rate (CAGR) of 17.6% in the Anti Ransomware market from 2023 to 2030.

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The Key Players in this Market are:
Sophos, Check Point, Cybereason, Faronics, Bitdefender, Malwarebytes, Kaspersky, Mimecast, Seqrite, Trend Micro, Clonix, McAfee, Acronis, Qihoo 360

The Anti Ransomware Market encompasses software solutions and services designed to detect, prevent, and mitigate ransomware attacks. Ransomware is a type of malware that encrypts a victim’s data and demands a ransom for its decryption. Anti-ransomware tools help organizations protect their data and systems by identifying and blocking ransomware threats, providing backup and recovery options, and strengthening cybersecurity measures. This market serves businesses and individuals across various sectors who aim to safeguard their digital assets and sensitive information from ransomware attacks, which continue to pose a significant cybersecurity threat. As ransomware attacks evolve, the Anti Ransomware Market continues to evolve with innovative security solutions.

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Global Anti Ransomware: Scope of the Report:
Our comprehensive market analysis delves into the Global Anti…

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Fortinet forecasts increase in cyberthreats

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Criminals weaponise new technologies

Attacks on virtual cities and the metaverse are expected to escalate, according to Mr Rattipong.
Attacks on virtual cities and the metaverse are expected to escalate, according to Mr Rattipong.

Various kinds of cybercrime-as-a-service (CaaS) offerings, the metaverse, virtual city attacks and money laundering-as-a-service (LaaS) are expected to pose crucial threats in cyberspace next year, according to Fortinet, a global cybersecurity company.

“Cyber-risks continue to escalate as cybercriminals are using more ways to weaponise new technologies at scale to enable more disruption and destruction,” said Rattipong Putthacharoen, senior manager for systems engineering at Fortinet.

Some 2% of the global botnet traffic was detected in Thailand, he said.

In 2023, Wiper Malware is expected to enable more destructive attacks, with attackers introducing new variants of this decade-old attack method, said Mr Rattipong.

According to FortiGuard Labs Global Threat Landscape report, the first half witnessed an increase in disk-wiping malware in conjunction with the war in Ukraine, but it was also detected in 24 countries outside of Europe.

Malware that may have been developed and deployed by nation-states could be picked up and reused by criminal groups, including for the CaaS model, according to Fortinet.

Apart from ransomware and malware-as-a-service offerings, new “a la carte services” will emerge, he said, noting CaaS offers an attractive business model for threat actors.

Subscription-based CaaS offerings could potentially provide additional revenue streams, Mr Rattipong said.

He said cybercrimes will enable more effective attack strategies that involve reconnaissance. As attacks become more targeted, threat actors will likely hire “detectives” on the dark web to gather intelligence on a particular target before launching an attack.

LaaS, driven by automation, is another threat and it is difficult to trace, said Mr Rattipong.

Cybercriminals use machine learning for recruitment targeting, helping them to identify potential mules in less time.

Manual mule campaigns will be replaced with automated services that move money through layers of crypto…

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India Cyber Security Market Report 2022: A $3.54 Billion Market by 2027 – Competition, Forecasts & Opportunities

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The “India Cyber Security Market, By Security Type, By Solutions Type, By Deployment Mode, By End Use Industry, By Region, By Top 12 States, Competition, Forecast & Opportunities, FY2017-FY2027” …

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MarketsandMarkets Forecasts $60.7 Billion Zero Trust Security Market

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MarketsandMarkets is predicting that the demand for Zero Trust Security solutions will more than double in the next five years. The firm specifically believes that the Zero Trust Security Market will jump from $27.4 billion in 2022 to a robust $60.7 billion in 2027, which corresponds to a CAGR of 17.3 percent for the forecast period.

MarketsandMarkets Forecasts $60.7 Billion Zero Trust Security Market

Organizations are expected to adopt Zero Trust security methods in an effort to combat the rising number of cyberattacks, and to lower the risk of a costly data breach. In that regard, MarketsandMarkets noted that cybercriminals are engaging in more targeted attacks, with ransomware attacks becoming more and more common in the past few years.

Zero Trust security can help mitigate that threat. MarketsandMarkets indicated that the demand for multi-factor authentication solutions will be particularly high, making MFA the fastest-growing segment of the market. MFA solutions prevent hackers from gaining access to a system even if they can crack someone’s password, since they still need to get past another (often biometric) layer of security. The tech is expected to become the norm in any industry that handles sensitive personal and payment information, including finance and healthcare.

The increasing number of data protection laws will be another driver of market growth in the coming years. More businesses will need to enhance their security to achieve compliance, and many will implement biometric authentication in order to do so. The Asia Pacific market will grow at the fastest rate, with two-thirds of the organizations in the market having already made the switch to Zero Trust and 58 percent of the rest planning to do so in the next 12 months. There has also been a rush of legislative activity, with India, Japan, and Singapore pushing new cybersecurity policies to thwart ransomware activity.

Finally, MarketsandMarkets is expecting to see significant growth amongst small and medium enterprises. Like their larger counterparts, SMEs are pursuing digital transformation and migrating to a cloud environment. However, that shift has exposed them to new cyberthreats, and is forcing them to update their security practices to protect their infrastructure.

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