Cyber Security Market - Increasing Ecommerce Platform to Favor Growth

Cybersecurity,  an enterprise needs to coordinate its efforts throughout its entire  information system.

The process of preventing the network from unwanted  users, attacks, and intrusions.

Wipro's security assurance management offers cyber assurance by improving test efficiency by 25%, provide real-time visibility through iSAS framework, OS, databases, etc

It causes companies significant losses in terms of time and money.

They help businesses prevent the threat of data and network breaches, and they can focus more on the operational aspects.

All the leading companies and economies of the world are investing heavily in the database and network security.

Despite the undeniable importance of security solutions, you cannot choose them blindly.

You should consider many things during selection, and we will discuss them in this blog.

Internal Threat Defense:Most companies focus on countering the external threats and ignore the internal ones.

Global healthcare cyber security market size is expected to reach nearly USD 10,848.87million by 2022, according to a new report by Grand View Research, Inc. Key factors attributing to the growth of the market include the increasing incidences of cyber attacks for misuse of electronic patient health records (E-PHR), social security records, IP theft, and others.

On previous encounters it was witnessed that cyber attacks were focused on stealing, financial information, billing information, and bank account numbers using stolen devices with un-encrypted data, phishing and spam mails.

Furthermore, these organizations face internal threats due to factors such as the use of cloud services, unsecure networks, employee negligence, bring your own device (BYOD), lack of internal identification and security systems, stolen devices with un-encrypted files.

Healthcare cyber security market is segmented by, type of threat into malware, ddos, advanced persistent threat (apt), spyware, lost and stolen devices, others.

Security information and event management (SIEM), risk and compliance management, DDoS mitigation, antivirus, antimalware, identity and access management, intrusion detection system (IDS)/intrusion prevention system (IPS) and others are the solutions included in the scope of the study.

Market dynamics in this sector are dependent on the type of threat, effectiveness, and frequency of attack, ability to detect and destroy.

Healthcare facilities were some of the most vulnerable cybersecurity targets in 2020.

Even before the pandemic tested the healthcare systems around the globe to their limits, a 2019 report predicted that the ransomware attacks would grow four-fold between 2017 and 2020, and the industry will most likely pay $65 billion on cybersecurity between 2017 and 2021.

Cybersecurity might not be the top priority when these devices are being designed (even if they are network connected), so their firmware level protection is usually rudimentary.

And with several different device vendors and firmware updates, there are a lot of entryways for hackers.Even if a healthcare facility has a fantastic cybersecurity team/system in place, the workers and doctors are rarely trained to adopt good cybersecurity habits.

Medical training and specialized courses (from nurses to heads of departments, because they all have access to precious medical data) are usually prioritized over security training, so the access of medical personnel often becomes a weak link.There is a severe shortage of cybersecurity professionals with healthcare-relevant training and expertise.

According to a 2020 report, it takes 70% more time to find the right cyber security professional for a healthcare facility than to find someone for other IT jobs.COVID triggered an expedited conversion to the cloud and remote work, especially in the healthcare system.