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Fast forward to the current era of digitaltransformation. And, indeed, the global WAF market is growing annually at an estimated 17 percent clip ; companies are projected to spend $8 billion on WAF services by 2026, up from $3.2 Malicious hackers have stepped up their game. billion in 2020, according to Mordor Intelligence.
billion by 2026. The cybersecurity industry has proliferated in the past few years, and as it has grown, so has its value. According to research conducted by Statista, the cybersecurity market is currently worth $159.8 billion and is expected to grow to $345.4
Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. According to Fortunly.com, “The total transaction value of digital payments grew from $4.1 To compete, financial institutions are investing heavily in digitaltransformation. trillion in 2019 to $5.2
Acronis, a firm that offers cybersecurity protection for IT infrastructure, has made a study and concludes that ransomware attacks will cause $30 billion in damage to governments across the world by 2023 and the estimate might double by the year 2026.
Even though the Bill is not going to be effective until 2026, Critical Infrastructure organizations in Hong Kong should begin preparations as early as possible. Similar to many other places, Hong Kong is also about to the Protection of Critical Infrastructures (Computer Systems) Bill ready.
Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digitaltransformation, and hybrid work.
Gartner forecasts that by 2026, more than 80 per cent of businesses will implement Generative AI in their production environments. This rapid transformation creates a challenge for boards tasked with balancing emerging risks and strategic opportunities. How should boards approach digital risks?
Many of these have already been passed into law but will be taking effect on a rolling basis through 2026 and beyond. "To As APIs become essential to business operations and digitaltransformation efforts, they will likely become prime targets for attackers.
The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders madhav Tue, 04/30/2024 - 05:32 Trust is the currency of the digital economy. It fuels innovation, drives customer loyalty, and underpins successful digitaltransformation. There is yet to be a clear timeline for implementing PSD3.
The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders madhav Tue, 04/30/2024 - 05:32 Trust is the currency of the digital economy. It fuels innovation, drives customer loyalty, and underpins successful digitaltransformation. There is yet to be a clear timeline for implementing PSD3.
DigitalTransformation In 2024, several trends are expected to shape the landscape of digitaltransformation. In fact, Gartner predicts that by 2026, organisations who prioritise their security investments based on a CTEM programme will realise a two-thirds reduction in breaches. Here are my predictions for 2024.
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