Just as more businesses are operating online and more sensitive information is being stored on computers and on the Internet, the cyber crime industry is also seeing a boom in action.
Phishing, viruses and different types of malware are huge facilitators of online scams and security breaches, yet according to this infographic by GO-Gulf, 33% of all cyber attacks originate from some criminal insider and over half of ex-employees openly admit to stealing company data while leaving. The costs of these attacks are huge, mostly due to fraud and repair charges as well as the replacement fee for lost or stolen computers.
Along with these statistics and the fact that one in ten social network users fall victim to cyber crime activity, the cyber security market is expected to expand drastically.
Why This Trend Is Growing
- Cyber Security Market Expansion
- The cyber security market is expected to expand drastically due to the rise in online scams and security breaches.
- Increased Insider Attacks
- 33% of all cyber attacks originate from some criminal insider, creating a need for increased insider threat detection measures.
- Rise in Social Network Cyber Crime
- One in ten social network users fall victim to cyber crime activity, prompting the need for improved social media security protocols.
Industries Being Reshaped
- Cyber Security
- The rise in cyber attacks creates new opportunities for cyber security companies to develop innovative solutions to mitigate risk and prevent data breaches.
- Digital Forensics
- An increase in insider attacks calls for improved digital forensics tools to conduct thorough investigations and identify sources of cyber crime activity.
- Social Media
- The rise in social network cyber crime highlights the need for social media companies to improve security protocols and develop new measures to protect users' personal information.
