Rise in Investments in Cybersecurity
Organizations and corporates will understand the need for a skilled security workforce due to the increase in breaches by hackers. Skilled cybersecurity professionals will help in identifying weak points and vulnerabilities of the software and other devices that are prone to be attacked and securing sensitive content wherever it arises.
According to a study, funding to cybersecurity-focused companies will increase by 20% which do not have their headquarters in the US. Not only more people will be employed and trained in this sector, but organizations will observe their tech stack, replace present devices with more secure ones and more acquisitions will take place.
Top 7 Cybersecurity Predictions for 2024
Cybersecurity is currently one of the most demanded skills and this demand has grown exponentially during the Covid-19 times. This sudden spike is attributed to the fact that everything has shifted online, from classes to business meetings and conferences.
The employees of most companies are working from home and are at a greater risk of being attacked by a new cyber threat (cybercrime), vulnerability, or a hacker. Cybersecurity predictions suggest more cyber threats and the need for stronger defenses.
IBM X-Force Exchange (threat intelligence sharing platform) has seen a significant increase of close 4300% in coronavirus-themed spam worldwide during the lockdown. More than 7 out of 10 Indian companies being attacked with phishing, malware, and ransomware with a soaring 260%.
A recent study conducted by the Data Security Council of India in collaboration with PwC states that the cybersecurity market in India is predicted to grow from USD 1.97 billion in 2019 to a whopping USD 3.05 billion by the year 2025.