Global Data Exfiltration Industry Until 2026
Dublin, May 21, 2021 (GLOBE NEWSWIRE) – The “Data Exfiltration Market – Growth, Trends, Impact of COVID-19, and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com from offer.
The data exfiltration market is expected to register a 12% CAGR during the forecast period.
Over the years, as businesses have started to rely on electronic data and computer networks to run their day-to-day operations, the growing pool of financial and personal data is now stored in the clouds, exposing individuals and businesses have potential liability in the event of security breaches. For example, according to the Identity Theft Resource Center report in 2019, the number of security breaches was reported 1,473 with 17% more than 1,257 in 2018, with the corporate sector accounting for 44% with 644 cases.
In addition, 2019 represented some of the breaches from major players in various industries, including Zynga, Facebook, Adobe Creative Cloud, Capital One Financial Corporation, and reported, as much as a leak of 218 million records of data.
Essentially, the function of computer and network security is to protect sensitive data inaccessible to unauthorized parties, but data theft continues to affect organizations and the nature of attacks has evolved over the past three years. For example, according to a recent survey conducted by DNS Security showed that 46% of respondents had been victims of data exfiltration and 45% had been subjected to a DNS tunnel which is often data exfiltration through DNS port 53.
Instances, such as malicious adversaries, remain the main reason for the increasing number of thefts obviously explains the increase in breaches with public disclosure. In addition, accidental thefts are said to have increased by leveraging the importance of safety training and thus accompanying the growth of the market.
Additionally, business operations leveraging cloud services expose companies to new categories of data exfiltration risks, including instances where unsecured access to cloud site features by administrators, employees, would allow hackers. to requisition virtual machines, deploy malicious code and thus initiate outgoing transmission of sensitive data.
In addition, compliance with regulatory laws, such as General Data Protection Regulation (GDR), Federal Information Security Management Act, among others, tends to be more concerned with intellectual property theft. .
For example, according to the UK government’s Cyber Security Breaches Survey 2019, 11% of businesses and 6% of charities have a specific cybersecurity insurance policy, with SMEs accounting for 31% and large corporations 35%. In addition, 49% of companies and 32% of charities either have external cybersecurity providers or prefer cybersecurity outsourcing, which obviously promotes market growth and adoption of open platforms, such as HackerOne.
Main market trends
Small and medium-sized businesses will have a significant market share
- Most SMBs focus on preventing threats from entering the network rather than detecting and stopping infiltration data and typically opt for practices, such as purchasing additional security products and investing in employee safety training.
- For example, security training by Barracuda Network called Barracuda PhishLine trains employees to understand the latest trends in security attacks, subtle clues, email fraud prevention, data loss through continuous stimulation.
- In addition, SMB employees due to lack of security training are prone to human and procedural failures, such as not keeping security certifications, which obviously facilitates data exfiltration. For example, the U.S. Senate Investigation Report on Equifax says Equifax’s negligence in cybersecurity and human error caused it a devastating data breach.
- Additionally, as organizations around the world grapple with the scourge of the COVID-19 pandemic since the lockdown was announced, companies have mitigated the spread of the coronavirus by allowing employees to work remotely, but cybercriminals could potentially take advantage of the situation by perpetrating further attacks related to healthcare and financial efforts.
- It has been reported by various media that cyber attackers mimic communications from major healthcare organizations, such as WHO, CDC, and government agencies, including Medicare, SSA, and IRS, and attack the organization by means of phishing attacks, vishing campaigns to indulge fear and gain access to sensitive data.
Asia-Pacific expected to experience fastest growth of any region
- According to the report, Grand Theft Data published by McAfee suggests that organizations in Asia-Pacific reported the highest average number of breaches, with more than 10% of Asia-Pacific companies having 20 breaches.
- The study also indicates that data exfiltration due to insider theft accounted for 50% of data loss within the organization in Asia-Pacific, compared to less than 40% in the UK and 41% in America. North.
- Organizations in the region experiencing data loss in a wide range of formats, content and methods ranging from documents to databases reported that 90% of them were the case with data exfiltration, which obviously raises market growth.
- In addition, in recent years, countries in the region have been working to expand broadband infrastructure to build a stronger ICT industry by adopting and deploying cloud infrastructure and cloud computing that represent a potential liability for data exfiltration, thereby promoting market growth. For example, according to the World Bank’s Interoperability Readiness and Government Agency Demand Assessment Study, government agencies in countries like the Philippines prefer to deploy public services through cloud offerings.
The market is highly fragmented due to the presence of players, such as McAfee Inc., Juniper Networks Inc., Cisco Sytems Inc. and other giants, which play a vital role in improving the security of enterprises. Market orientation leads to a highly competitive environment.
- March 2020 – HP Inc announced the launch of three new security solutions that provide a remote worker threat product as a countermeasure to help countries around the world facing lockdown due to the COVID-19 pandemic. Solutions include HP Proactive Security, HP Sure Click Enterprise, and HP Pro Security Edition. These solutions allow users to run real-time protection with task-level isolation and non-persistent virtual machines preventing data breach and data exfiltration.
- February 2020 – McAfee announced the launch of the Global Managed Detection and Response (MDR) Platform and its strategic partnership with DXC Technology to leverage the MDR solution to proactively detect and resolve corporate security incidents. customers faster. The platform will provide services including threat hunting, forensics and investigations, as well as comprehensive threat detection and response on managed endpoints.
Reasons to buy this report:
- The Market Estimate (ME) sheet in Excel format
- 3 months of analyst support
Main topics covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Market factors
4.3 Market restrictions
4.4 Industry Value Chain Analysis
4.5 Porter’s five forces analysis
4.6 Assessment of the impact of COVID-19 on the industry
5 MARKET SEGMENTATION
5.1 Size of the organization
5.1.1 Small and medium-sized enterprises (SMEs)
5.1.2 Large company
5.2.1 Solutions (encryption, antivirus, firewall, intrusion detection system, data loss prevention and others)
5.2.2 Services (penetration testing services, support and maintenance, integration services, support and maintenance, and consulting services)
5.3 End user vertical
5.3.1 Banking, financial services and insurance (BFSI)
5.3.2 IT and Telecom
5.3.3 Health and life sciences
5.3.4 Government and defense
5.3.5 Retail and e-commerce
5.3.7 Other verticals of the end user
5.4.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.4.4 Latin America
220.127.116.11 Rest of Latin America
5.4.5 Middle East and Africa
18.104.22.168 United Arab Emirates
22.214.171.124 Saudi Arabia
126.96.36.199 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company profiles
6.1.2 McAfee LLC
6.1.3 Palo Alto Networks
6.1.4 Google LLC
6.1.6 HP Inc
6.1.7 Cisco Systems inc.
6.1.8 GTB Technologies
6.1.9 Check Point software technologies
6.1.10 Juniper networks
6.1.11 Hackerone Inc
6.1.12 Barracuda Networks
6.1.13 Sophos Group plc
6.2 Investment analysis
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/29kbku