Cybersecurity firms forecast outsized growth

Article Excerpt

Hackers, organized crime, and even state-sponsored actors are increasingly targeting Internet-linked networks and databases to gain access to confidential information and extract large ransom payments. The lucrative nature of online crime, combined with a relatively low risk of being caught, and a massive and growing target market, indicate that this criminal industry will continue its rapid growth. Companies that can provide effective protection against cybercrime will benefit from its expansion. Cyberattacks use a multitude of access points Access points for cybercriminals to sensitive information have proliferated in recent years as data storage has moved into the cloud. Many employees have also adopted hybrid working models, and e-commerce has skyrocketed. Here are some of the common methods used to access sensitive private or enterprise information: Phishing and social engineering: Legitimate users are tricked into revealing access information that opens the door for unauthorized users, allowing them to steal information Internet-facing service risks: These threats relate to the failure of enterprises to secure cloud services from threats. …