DUBLIN, December 20, 2021–(BUSINESS WIRE)–The “Global Radar Security Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global radar security market is projected to grow at a CAGR of 8.67% to reach US$29.973 billion by 2026, from US$16.748 billion in 2019.
The growing use of radar security due to the rising security concerns is one of the major factors driving the growth of the radar security market. Also, the rising territorial conflicts and political instabilities in Asia-Pacific and Middle East regions have been a prime factor for the growth of this industry. The increasing demand for radar systems in military applications and the adoption of these security systems by many countries for securing their border are making headway for the growth of this industry.
The adoption of radar security systems for the application of highway safety systems and anti-collision systems for trains is anticipated to contribute to the growth of this industry during the forecast period. The border security application is anticipated to be one of the prime factors for the growth of radar systems in the market. The growing territorial activities across the border, monitoring illegal activities like human trafficking, illegal entry of immigrants, securing imports and exports at the borders are the major drivers of the radar security market. Also, the minimization of defense budgets in some developed economies has shifted the focus towards miniaturization & automation of defense & surveillance systems.
Companies Profiled in the Report
Israel Aerospace Industries Ltd.
Kelvin Hughes Limited
Lockheed Martin Corporation
Northrop Grumman Corporation
Reutech Radar System
Increase in the investment and development of ballistic missiles and another defense system
One of the major reasons for the growth of this industry is the increasing investment and development of the defense sector including the ballistic missile and other air missiles which has accounted for countries to invest in radar securities that can sense and alert the intrusion of any foreign missile in its radar.
High development and…
A stealthy botnet that has infected computers in nearly 100 different countries is silently stealing cryptocurrency from its victims. From November 2020 to November 2021 it hijacked nearly $500,000.
The Phorpiex botnet has been operating since 2016 and is made up of hundreds of thousands of compromised devices. Back in 2019 it was grabbing headlines for an alarmingly successful sextortion email campaign that was raking in $20,000 a month for its criminal controllers.
Phorpiex also has the ability to steal cryptocurrency, which it does by “crypto-clipping.” In these attacks, malware on an infected devices waits for cryptocurrency transactions to be take place. When a transaction is detected, the malware clips the original destination wallet address and replaces it with one controlled by the attacker.
According to Check Point Research the Phorpiex crypto-clipper supports more than 30 different cryptocurrencies. Since April of 2016 Phorpiex has hijacked thousands of transactions and swiped around 38 Bitcoin and 133 Ether. At today’s exchange rates that works out to around $2.2 million in stolen cryptocurrency.
From last November until this November alone Phorpiex successfully clipped 969 transactions. Those attacks netted its controller(s) more than $650,000.
This summer, however, the botnet activity suddenly tailed off. In August one of its creators allegedly walked away from cybercrime and the other decided to sell the Phorpiex code to the highest bidder.
Whether or not a sale actually happened, Phorpiex was back a few weeks later with some new tricks. A new variant called Twizt emerged.
One of the biggest differences with Twizt is that the botnet is now able to communicate peer-to-peer. That means it’s not dependent on specific command and control servers. Infected hosts can send instructions to each other.
Twizt has also added a double-encrypted protocol for communication and new data integrity functions. Check Point researcher Alexey Bukhteyev says “The emergence of such features suggests that the botnet may become even more stable and therefore, more dangerous.”
Security researchers had managed to take control of the…
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