Tag Archive for: industry

2 Security Stocks to Watch Amid the Industry Weakness

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Organizations are pushing back their investments in big and expensive technology products on growing global slowdown concerns amid the current macroeconomic challenges and geopolitical tensions, thereby making the outlook for the Zacks Security industry gloomy. Of late, supply-chain disruptions, component shortages and product cost inflation are some headwinds players in the space have been encountering. These, along with elevated operating expenses related to hiring new employees, and sales and marketing strategies to capture more market share, are likely to strain margins in the near term.

Despite such concerns, industry participants like Qualys, Inc. QLYS and Absolute Software Corporation ABST are likely to benefit from the rising need for IT security solutions due to a surge in the number of data breaches. Increasing requirements for privileged access security due to digital transformation and cloud migration strategies are also fueling the demand for cybersecurity solutions.

Industry Description

The Zacks Security industry comprises companies offering on-premise and cloud-based security solutions. The solutions can be used for identity access management, infrastructure protection, integrated risk management, malware analysis and Internet traffic management, to name a few. Industry participants offer different types of security solutions, most of which can be used interchangeably. These solutions can be roughly categorized into three types — Computer Security, Cybersecurity and Information Security. Computer Security solutions provide protection from vulnerabilities in both the software and hardware of a computer system. Cybersecurity includes sections like web security, network security, application security, container security and information security. Information Security is concerned with any form of data-security issue, be it physical or digital data.

Major Trends Shaping the Future of the Security Industry

Rising Cyber Threats Boost Demand for IT Security: Frequent cyberattacks are spurring the demand for security solutions. This trend has not only affected certain companies but also threatened the national security of some countries. The prevailing global health crisis…

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Hackers, Fraudsters and Thieves: Understanding Cybersecurity in the Gaming Industry

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The gaming sector is under siege. The number of gaming-related cyber-attacks is growing at an alarming rate, and the online boom of the early 2000s brought hackers to the gate. In two decades, an industry worth tens of billions was transformed into one worth hundreds of billions in revenue – $221.4bn in 2023. Unsurprisingly, this growth and the opportunities it provides cyber-criminals did not go unnoticed. With such a lucrative target, hackers have long plagued the sector.

Moreover, the popularity of gaming has also been steadily increasing for years, with the total number of gamers soon to reach 3.32 billion in 2024. An increase in gamers has led to an abundance of targetable accounts storing all sorts of sensitive data. However, cyber-criminals aren’t just after gamers’ passwords and card details.

In-game digital assets, either through trickery or brute force, can be stolen or fabricated. Just last year, the most expensive CS:GO inventory, worth £2m, was stolen by hackers. And finally, let us not forget the bad actors who hack simply to gain a personal advantage over their fellow players.

What Impact Does This Have on the Gaming Industry?

From a developer or publisher standpoint, gaming-related cybercrime is detrimental to business. The inability to provide a safe and secure experience for players erodes consumer trust, undermines in-game economies and ultimately decreases game and microtransaction sales.

Just look at the bad PR that Fortnite has received recently. Admittedly, in this instance, a gaming behemoth like Epic Games will keep chugging along. But for smaller, less developed titles, such attacks can cause significant reputational damage. Consistently poor security practices will lead to diminishing player bases, either due to players giving up on the game or simply being unable to log in and play. For example, The Division is a game which experienced a player exodus largely due to rampant hacking. Despite the title’s financial success on release, The Division soon became known for its glitches, exploits and hacks that undermined the game’s long-term future. 

The most successful games are those that can maintain loyal player…

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A Confession Exposes India’s Secret Hacking Industry

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In the summer of 2020, Jonas Rey, a private investigator in Geneva, got a call from a client with a hunch. The client, the British law firm Burlingtons, represented an Iranian-born American entrepreneur, Farhad Azima, who believed that someone had hacked his e-mail account. Azima had recently helped expose sanctions-busting by Iran, so Iranian hackers were likely suspects. But the Citizen Lab, a research center at the University of Toronto, had just released a report concluding “with high confidence” that scores of cyberattacks on journalists, environmentalists, and financiers had been orchestrated by BellTroX, a company, based in New Delhi, that was running a giant hacking-for-hire enterprise. The operation had targeted numerous Americans. Burlingtons wondered: could Rey try to find out if Azima had been another BellTroX victim? He said yes.

Researchers at Citizen Lab had learned of BellTroX’s activities from someone that the company had tried to trick with “spear phishing”—sending a bogus message to trick a recipient into providing access to personal data. Citizen Lab spent three years investigating BellTroX, including by analyzing Web sites used to shorten and disguise phishing links, combing through social-media accounts of BellTroX’s employees, and contacting victims. Reuters, in coördination with Citizen Lab, published an exposé on BellTroX the same day as the report. But BellTroX’s owner denied any wrongdoing, the Indian authorities never publicly responded to the allegations, and the accusations remained unconfirmed.

Rey’s investigation into the Azima case shed new light not only on BellTroX but also on several other outfits like it, establishing beyond dispute that India is home to a vast and thriving cyberattack industry. Last year, Rey secured the first detailed confession from a participant in a hacking-for-hire operation. In court papers, an Indian hacker admitted that he had infiltrated Azima’s e-mail account—as had employees at another firm. Moreover, there were countless other Indian hackers for hire, whose work was often interconnected. John Scott-Railton, a senior researcher at Citizen Lab, who helped lead the BellTroX investigation, told…

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Distributed Denial of Service (DDoS) Protection Market with Strategic Trends Growth, Revenue, Demand & Future Potential of Industry by 2030

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PRESS RELEASE

Published May 3, 2023

Distributed Denial of Service (DDoS) Protection Market

Coherent Market Insights has announced the publication of a new report titled Distributed Denial of Service (DDoS) Protection Market 2023, which provides regional and global market data expected to increase in value between 2023 and 2030. The in-depth analysis of the global Distributed Denial of Service (DDoS) Protection Market offers critical insights into the industry’s changing dynamics, value chain analysis, prominent investment pockets, competitive scenarios, geographical landscape, and key segments. It also includes a comprehensive examination of the driving and restraint components for the global market. Also provides superior information on the global market’s working tactics and potential opportunities. This will assist industry participants, policymakers, stakeholders, investors, and new entrants in the Distributed Denial of Service (DDoS) Protection Industry in identifying and grasp innovative opportunities.

Request a sample to obtain authentic analysis and comprehensive market insights @https://www.coherentmarketinsights.com/insight/request-sample/1182

Note – Updated Version 2023 is available

This study provides detailed information on emerging trends, market drivers, development opportunities, and market restraints that have the potential to influence the dynamics of the Distributed Denial of Service (DDoS) Protection market. The study assesses the global Distributed Denial of Service (DDoS) Protection market size and examines the approach trends of the key international players. The study also estimates the market’s size in terms of revenue over the forecast period. All data numbers, including percentage share splits and breakdowns, are derived from secondary sources and cross-checked with primary sources. The report conducted a Porter’s five forces analysis, SWOT analysis, regulatory landscape, and prominent buyers to examine the industry’s primary influencing variables and entry barriers.

What is New Additions in 2023?

Detailed industry forecast

Additional information on company participants

Customized reports and analyst assistance are available upon request.

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