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By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Verizons DataBreach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors.
Cybersecurity is big business, reflecting the fact that many of today’s enterprise organizations value data security and invest in it accordingly. The cybersecurity market was valued at over $149 billion in 2019 and is projected to reach over $304 billion by 2027, growing at a CAGR of 9.4% from 2020 to 2027. This huge size.
Companies are also often dealing with numerous kinds of storage, from relational databases to schema-less databases, to giant data dumps of unstructured data in, say, Amazon S3 data storage buckets. billion by 2027. It’s no wonder that the global GDPR services market is expected to reach $4.4 Less can be more.
It is estimated that over 90 percent of enterprises currently use a cloud service, and the market is projected to reach $927 billion by 2027. There are plenty of threat actors actively looking for vulnerabilities to exploit; we cannot afford to make breaches easy by leaving data exposed due to a misconfiguration or config drift.
Phishing Attacks: Phishing is the top cyber attack, causing 90% of databreaches. DataBreach Costs: The average global cost of a databreach in 2023 was $4.45 every year until 2027, pointing to rapid progress and investment in AI-based security. Shockingly, 96% of these attacks come through email.
billion during 2020-2027, with a compound annual growth rate of 16.1%. Another factor is the increased dependency on secure data transfer due to the situation created by the COVID-19 crisis. It is estimated that over the forecast period (2020-2027), the mobile segment will reach a whopping $5.37 billion by the end of 2027.
most MSP customers) suffered a databreach because “a patch was available for a known vulnerability but not applied” So, why aren’t SMBs applying patches? between 2022 to 2027.” Simplify patch deployment for your customers. Fills a dire need for MSP customers. Generates new MSP revenue streams.
However, with the rise of customers shopping across social media platforms and due to the ongoing labor shortage, businesses may be even more vulnerable to databreaches. As the recent databreach of 700 million users on LinkedIn shows, social media can still leave consumers’ personal information exposed.
By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Verizons DataBreach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors.
The measure prohibits the sale of sensitive data entirely, includes universal opt-out methods and anti-discrimination rules provisions, and provides a limited 60-day right to cure that expires in 2027. The risk of harm threshold is a familiar inclusion in other state legislation requiring databreach notification.
It’s likely we’ll continue to witness a significant shift in the motivation behind prominent cyberattacks, as data sources indicate a resurgence in activities such as information theft, covert communication monitoring, and content manipulation from state sponsored attackers and cybercriminals. The first is by rule making.
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