Ransomware Protection Market Witness High Demand During by 2025 – Murphy’s Hockey Law
Global Ransomware Protection Market: Snapshot
The global ransomware protection market is prognosticated to be bolstered on the back of the growing need for email protection since email is researched to be a top source used for ransomware distribution. The May 2017 cyberattack that affected about 150 countries was spiked by the WannaCry malware, which is supposed to have infected over 100,000 computers worldwide. The malware urged computer users to download it via email, and it took no time to spread across the industry while creating a massive havoc.
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One of the fastest-growing solutions in the global ransomware protection market is threat intelligence. This could be due to the increasing demand for combating malicious cyberattacks such as ransomware. As a result, a majority of organizations are envisaged to invest in protection from security breaches and cyberattacks at a global platform.
The healthcare industry is a primary target of most security hackers and commonly affected by ransomware attacks. In this regard, seasoned analysts foresee ample of business opportunities to take birth through this vertical in the global ransomware protection market. Compared to other industries, healthcare could significantly fall prey to ransomware attacks on account of the aggressive digitalization of electronic patient health information and other medical data.
Nevertheless, industry players are foretold to cash in on the dominating share of banking, financial services, and insurance (BFSI) in the global ransomware protection market supported by the ballooning implementation of mobile and web applications for banking payments and transactions.
With no clear end in view, cyberattacks are expected to continue for the longest period of time. Ransomware was first introduced in 1989 with ‘PC Cyborg Trojan’ which extorted a ransom of approximately US$189 from the victim.
Global Ransomware Protection Market: Overview
Ransomware is capable of preventing access to operating systems and encrypting files such that any PC user can’t use them. It can target home computers, the end point in an…
