Mimecast's recent report highlights malicious links and AI-driven bots in call centers as major cybersecurity threats. The report reveals a significant spike in the use of malicious links, with attackers increasingly using multiple layers of false information to bypass security measures.
Read MoreForrester forecasts that AI software will grow 50% faster than the overall software market over the next two years, with an annual growth rate of 18%. The spend on AI software will double from $33 billion in 2021 to $64 billion in 2025 due to an accelerated adoption of AI during the pandemic and an increase in the number of companies that offer AI software.
Read MoreAccording to analysts at IDC, the executive order opens a new window into new requirements and expectations that will likely have to be met by enterprise technologists tasked with the prevention, detection, assessment, and remediation of cyber incidents. There is increasing recognition that detection and response at speed will be critical to reducing the potential damage inflicted by bad actors in cyberspace.
Read MoreMalware and ransomware attacks have achieved an unprecedented level of ubiquity across organizations of all sizes and industries. A Spring of 2021 survey conducted by analysts at IDC revealed that 95.1% of organizations had suffered a malicious attack within the past 12 months, and 36.6% of respondents have suffered more than 25 attacks during that time.
Read MoreDespite a myriad of risks resulting from the pandemic, such as the new work environment and environmental, social and governance (ESG) concerns, cybersecurity risk was singled out with notable consistency across all geographic regions and most industries, cited by 67% of respondents. The next highest cited risk, “the new working model” was cited by 43% of respondents.
Read MoreThe Global Sourcing industry is suffering from the negative business impacts of the COVID-19 pandemic. The worldwide setup of Global Business Services (GBS) centers, also known as Global In-house Centers (GICs), fell more than 48% as offshore/nearshore activity dropped 46%, and onshore setups dropped 52% for the quarter.
Read MoreOutsourcers are increasingly relying on advanced technologies to meet client requirements in the customer experience (CX) outsourcing services industry. The European market is mature and characterized by demands for specific languages, cultural affinity, and nearshoring. COVID-19 has adversely affected the industry in 2020 and Frost & Sullivan expects total market revenue to reach €16.23 billion, a 7.5% decline.
Read MoreIn the ongoing push for more secure internet of things (IoT) devices and applications, the hardware choices for embedded security are growing dynamically. Research from ABI research forecasts that shipments for secure hardware serving digital authentication and embedded security will double that of 2019, reaching $5.3 billion by 2024.
Read MoreIn spite of the economic slowdown witnessed due to COVID-19, the security industry has tremendous investment opportunities according to Frost & Sullivan’s recent analysis, Post-Pandemic Growth Opportunity in the Global Security Industry. Despite a marginal slowdown expected in 2020 and 2021, strong demand-side trends will present immense development potential for security market participants. Under an aspirational recovery scenario, the global security industry is likely to grow at a compound annual growth rate (CAGR) of 4.3%, garnering revenue of $140.60 billion by 2025 from $109.30 billion in 2019. The conservative forecast scenario predicts that the industry will generate $131.01 billion between 2019 and 2025, at a CAGR of 3.1%. In the pre-COVID-19 forecast, the industry was estimated to increase at a CAGR of 7.1%, generating revenue of $164.97 billion over the forecast period.
Read More“A very determined cyber-criminal has very high odds of getting into your system. The new war is about planning for a cyber security breach and being able to detect, respond, isolate and eradicate that breach. Many companies are practicing good cyber hygiene. But for the very advanced hacks—you have to detect them.” – Bryce Austin, CEO of TCE Strategy
Read MoreNew data from Juniper Research has found that global business spend on cybersecurity solutions will grow by 33 percent over the next four years, reaching $134 billion annually by 2022.
Read MoreA fresh market intelligence study by Transparency Market Research (TMR) reveals the global cloud encryption market to be largely consolidated with the dominance of a few well-entrenched players that hold the key market share.
Read More
