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Cyber threats, hacking of data is the Global Cybersecurity Market’s biggest concern

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Andrew Thomas

The global market for cybersecurity expands with each year, and it has to do with how complex hackers, malware has gotten lately.

Cyber risk and the unwanted results that stem from it are the main growth driver of the Global Cybersecurity Market.

Security aside, solutions used for cybersecurity also help the end-users to increase the speed of the networks they use and provide them with even more ways to save their data.

Based on what we discovered, cybersecurity is more critical than ever, especially in the wake of massive threat incidents faced by some of the biggest names we know of like Sony, Yahoo, Target, LinkedIn, etc.

A majority of these attacks occur in the form of ransomware, or as breaches targeting data depositories owned by companies.

And going on our data on the global cybersecurity market, hacking and data breaches are expected to cost businesses around USD 2 Tn by 2019.

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Andrew Thomas
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