Automation & Cybersecurity Integration Are Coming to Backup OperationsNew study finds a growing need to juggle the historical data backup challenges of environment heterogeneity and data volume growth with newly emerging cybersecurity, automation, and cloud transformation initiatives.BELLEVUE, Wash., Aug. 16, 2022 (GLOBE NEWSWIRE) — Today, Bocada, a backup monitoring and reporting automation company, released findings from the company’s study, “Backup Monitoring Trends Report: Key Factors Influencing Data Protection Evolutions.” The report uncovers the issues impacting backup protection today, and the key issues driving future resource planning. Featuring commissioned survey findings from over 260 global IT professionals responsible for managing and/or influencing backup operations within their organizations, the study asked respondents about current challenges, issues they anticipate impacting their category, and how broader automation, cloud, and cybersecurity trends are influencing their future planning.Backup environment heterogeneity and data volume growth will continue driving backup monitoring difficulties. Securing data across backup applications is the most-cited backup management challenge, followed by protecting growing data volume.The shift to cloud-dominant backup operations is coming. Backup professionals expect over 60% of their operations to transition to the cloud within three years. This dynamic is likely leading to backup professionals citing cloud backup oversight as a top backup management concern.Automation is lagging in the backup management category…but on the horizon. Nearly two-thirds of backup professionals report zero automation applied to recurring backup management activities. But nearly 50% anticipate at least some automation implementation over the next two years.Backup operations will become more closely tied to cybersecurity. 47% of backup professionals expect greater incorporation of backup monitoring within cybersecurity programs. This makes it the number one trend they anticipate impacting their category in the next 3-5 years.”What’s remarkable about these findings is that they show increasing complexity entering the backup management space,” said Matt Hall, Bocada’s CEO. “Age-old backup monitoring challenges like environment complexity and data volume growth will continue to plague data protection professionals, all while they are expected to manage cloud transformations, cybersecurity, and automation initiatives. Unless they find solutions to centrally manage these moving pieces, critical data will be at risk.” To read the full report, visit:https://www.bocada.com/backup-monitoring-trends-report/ About Bocada Bocada delivers backup reporting and monitoring automation solutions for complete visibility into backup performance. The Bocada platform simplifies complex backup and storage oversight, allowing IT organizations to save time, reduce overhead costs, and decrease data protection risks. With the largest installed customer base in the Fortune 500, Bocada is the world’s leading provider of backup reporting automation.More information is available at www.bocada.com.Robert Nachbarrob@kismetcommunications.netRelated ImagesImage 1: Top Backup Operations Challenges TodayBar chart showing the top challenges facing backup operations professionals.This content was issued through the press release distribution service at Newswire.com.AttachmentTop Backup Operations Challenges Today
Your current cybersecurity approach creates systemic vulnerabilitiesVerizon recently released its 2022 Data Breach Investigations Report, giving businesses vital insights into the state of cybersecurity around the world. Containing an analysis of over 23,000 incidents and 5,200 confirmed breaches over 15 years, Verizon attributes the number-one motive of cyberattacks to financial gain. Almost four out of five breaches were attributable to organized crime seeking to extort businesses of hefty ransomware sums, backed by insurance pay-out.Verizon has also estimated that there has been a 13 percent increase in ransomware breaches — this is more than in the last 5 years combined. Additionally, 82 percent of cyber breaches involved a human element, namely through stolen credentials, phishing, misuse or simply an error.SEE ALSO: How FIDO’s approach to authentication reveals a confusion between identity and accessVerizon states that people continue to play a very large role in incidents and breaches alike. This year 18 percent of clicked phishing emails are also said to come directly from a mobile phone, highlighting it as a weakness for business security. Verizon argues that its statistics highlight the importance of having a strong security awareness program.It’s very clear that there is a desperate need for private businesses and public organizations to change their cybersecurity approach. Improving security awareness is good, but directly addressing a problem which has persisted uncontested for nearly two decades is better.There is a widespread belief in the cybersecurity community and media that the main cybersecurity problem is people. This is backed by research such as Verizon’s latest Data Breach Investigation Report, that found over 80 percent of cyber-attacks and network breaches trace back to human errors over credentials, specifically credential theft and misuse.However, that accusation is misplaced. Imagine if there is a road junction where over 80 percent of the accidents occur and people started blaming drivers, suggesting that they should be trained to drive better. What needs to change is the design of the junction, not the people.Systemic use of weak and reused passwordsIn all breaches, humans are always accused of using weak or reused passwords. This problem is actually not the individual’s fault. First of all, it is impossible to remember hundreds of random passwords like 9f64q3tfAT$Q£532W percent. People should never have been put in this situation in the first place. But having no choice in the digital world, they had to resort to easy to remember passwords, sentences or patterns such as 123456 to make the process work for them.Weak and reused passwords are not root cause of breaches. The biggest problem companies face happens when they allow employees to make their own passwords. When this occurs, companies have lost control of their keys, therefore of their data and network. If it is “not your keys”, it is not “your data”. That means companies can’t comply with data privacy laws, which can explain why data breaches are so common these days.On top of losing control of their access, In an attempt to decrease the number of passwords to be remembered, organizations have adopted single access (Single Sign On, Identity Access Management, Privileged Access Management), without realizing this automatically takes down layers and obstacles for criminals, reducing the number of steps required once they step inside their network. Having created a golden path for criminals to gain access, scan and locate the privilege needed to lock the entire network, they reduced by 94.34 percent.the overall time needed between initial access to ransomware — from over two months to 3.85 days between 2019 and 2021. In the same process, they have worsened the potential negative effect of any data breach by putting all their data in the same basket accessible from an admin or privileged account.Without solving their access security gaps, increasing budgets for cybersecurity tools or training won’t stop breaches or ransomware. Just as putting more gadgets in a car and giving more driving lessons won’t stop road accidents if the infrastructure is built dangerously. There is no need to train people on password hygiene when they shouldn’t be creating and knowing company passwords in the first place. There is no need to train people on phishing when they can’t give away passwords they don’t know. There is no need to unplug the whole IT infrastructure when you suspect a breach, when every single system has a different password and there is no single access from where to lock or steal everything.Over the last few years, the number of cyber-attacks has been rising as cybersecurity budgets have increased, without many people asking why. Despite over 80 percent of breaches linked to human-based credentials, most of the cybersecurity budget was spent on infrastructure and system vulnerabilities, of which the majority remain undetected. But now, massive risks of spillovers into the physical world have pushed people to demand a change in how cybersecurity is done. As an example, US National Cyber Director Chris Inglis recently asked the administration and federal agencies to transform the way they approach and invest in cybersecurity, as previous efforts have clearly “not worked”.Why people should not make their passwords in the first placeInvesting billions of dollars in cybersecurity won’t have an effect unless you can secure your doors. And it starts with not letting their employees control the access credentials to companies’ infrastructure and assets. When other people create the digital keys to your entire organization, you lose both visibility and control over what happens to them.To be able to regain control of their passwords, companies need to treat passwords for what they are: keys. Just as a new employee starts a new job and receives the keys to the building and office, he or she received digital keys when starting a new job, not make their own.The only difference between physical and digital keys is the absence of physical obstacle in the digital world. To steal physical keys, you need to be in close proximity with the keys. Digital keys or passwords can be stolen from anywhere in the world.In the absence of physical obstacles to credentials theft, the most effective measure to protect the keys is to use the method to protect secrets: cryptography. Companies simply encrypt their access and distribute credentials to all systems to their users inside a secure place only each user can access. This logic solves over 80 percent of breaches.Image credit: ArtemisDiana / depositphotosJulia O’Toole is CEO and Founder of MyCena
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The cybersecurity funding bubble hasn’t burst — but it’s starting to deflateLast year was record-breaking for the cybersecurity market. Data from Momentum Cyber, a financial advisory firm for the security industry, showed that cybersecurity startups raised a “record-shattering” $29.5 billion in venture capital in 2021, more than doubling the $12 billion raised in 2020, while a record number — including Dragos and Noname Security — were minted as unicorns.The past few months have started to paint a different picture for the industry, which has managed to successfully navigate the pandemic, geopolitical conflict, and — so far — the looming economic storm
Unboxing’ the New NIST Guidance: NIST Publishes Significant Update to Healthcare Cybersecurity GuideAugust 5, 2022 by BakerHostetler, Adam Cohen, Kimberly Gordy, Aleksandra VoldWithout question, healthcare providers and the companies that support them operate in an elevated cybersecurity risk environment. And when a cybersecurity incident occurs, the ensuing regulatory inquiries and/or litigation often focus on whether the entity followed recognized security practices. The National Institute of Standards and Technology (NIST) Cybersecurity Framework has long been one of the most widely recognized sources of recommended security practices, even as some of its guidance has become outdated. This is especially true for its HIPAA security guidance, as the NIST publication “An Introductory Resource Guide for Implementing the Health Insurance Portability and Accountability Act (HIPAA) Security Rule” was published in 2008. Office for Civil Rights investigations now routinely ask for evidence that an organization has implemented “recognized security practices”, typically in alignment with the NIST Cybersecurity Framework. The challenges presented by aging NIST guidance cause frustration for many of our clientsBut in a move that feels long overdue, NIST has finally published a draft update to its healthcare cybersecurity guide, Special Publication 800-66r1. We’re excited to share our “unboxing” of the updated compilation of guidance and references, useful to anyone interested in healthcare cybersecurity. The draft of 800-66r2, titled “Implementing the HIPAA Security Rule: A Cybersecurity Resource Guide,” is open for public comment until Sept. 21, 2022. While remaining essentially true to the structure of the original 800-66 publication, the draft revision adds substantial details. The main body of the document contains significantly expanded guidance on risk assessments and risk management. The appendices have been largely reworked and feature extensive resources to aid in performing risk assessments, especially with regard to threat modeling. The update to the original “Security Rule Standards and Implementation Specifications Crosswalk” appendix combines the many NIST publications issued in the intervening years between the release of 800-66r1 and the draft of 800-66r2. Perhaps the most useful new feature in the revised draft, Appendix F – HIPAA Security Rule Resources (Informative) contains more than 10 pages of categorized and summarized links to other resources in 17 different categories. While these categories include several timeless and broad topics (Risk Assessment/Risk Management, Documentation Templates, Small Regulated Entities, Education, Training & Awareness, Protection of Organizational Resources and Data, Equipment and Data Loss, Contingency Planning, Supply Chain, Information Sharing, Access Control/Secure Remote Access, Cybersecurity Workforce), they also include more specific topics of particular relevance to the current security environment (Telehealth/Telemedicine Guidance, Mobile Device Security, Cloud Services, Ransomware & Phishing, Medical Device and Medical IoT Security, Telework). The revamped Appendix F essentially offers a guided tour to an extensive library of healthcare cybersecurity resources. It’s worth noting, however, that digesting the content of these resources may prove to be a heavy lift for already overburdened healthcare information security teams. As in 800-66r1, the largest section of the revised draft is “Considerations When Implementing the HIPAA Security Rule,” which sets forth “Key Activities” with corresponding “Description” and “Sample Questions” in a tabular format. In several places, the draft adds updated material and references consistent with the way the cybersecurity landscape continues to develop. For example, in addressing authentication, the draft revision includes considerations regarding multifactor authentication and application programming interfaces (both absent from r1). Although this draft is intended to incorporate suggestions from the hundreds of pre-draft comments NIST received, healthcare entities have until Sept. 21, 2022 to provide additional feedback. Still, the draft of 800-66r2 offers a wealth of content and concrete guidance that anyone addressing healthcare cybersecurity should be able to use immediately—a welcome tool considering the security challenges the sector faces right now.[View source.]
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IBM report shows healthcare has a growing cybersecurity gapAugust 1, 2022 by Louis ColumbusWhile enterprises are setting records in cybersecurity spending, the cost and severity of breaches continue to soar. IBM’s latest data breach report provides insights into why there’s a growing disconnect between enterprise spending on cybersecurity and record costs for data breaches. This year, 2022, is on pace to be a record-breaking year for enterprise breaches globally, with the average cost of a data breach reaching $4.35 million. That’s 12.7% higher than the average cost of a data breach in 2020, which was $3.86 million. It also found a record 83% of enterprises reporting more than one breach and that the average time to identify a breach is 277 days. As a result, enterprises need to look at their cybersecurity tech stacks to see where the gaps are and what can be improved. Enhanced security around privileged access credentials and identity management is an excellent first place to start. More enterprises need to define identities as their new security perimeter. IBM’s study found that 19% of all breaches begin with compromised privileged credentials. Breaches caused by compromised credentials lasted an average of 327 days. Privileged access credentials are also bestsellers on the Dark Web, with high demand for access to financial services’ IT infrastructure. The study also shows how dependent enterprises remain on implicit trust across their security and broader IT infrastructure tech stacks. The gaps in cloud security, identity and access management (IAM) and privileged access management (PAM) allow expensive breaches to happen. Seventy-nine percent of critical infrastructure organizations didn’t deploy a zero-trust architecture, when zero trust can reduce average breach losses by nearly $1 million. Enterprises need to treat implicit trust as the unlocked back door that allows cybercriminals access to their systems, credentials and most valuable confidential data to reduce the incidence of breaches. What enterprises can learn from IBM’s data on healthcare breaches The report quantifies how wide healthcare’s cybersecurity gap is growing. IBM’s report estimates the average cost of a healthcare data breach is now $10.1 million, a record and nearly $1 million over last year’s $9.23 million. Healthcare has had the highest average breach cost for twelve consecutive years, increasing 41.6% since 2020. The findings suggest that the skyrocketing cost of breaches adds inflationary fuel to the fire, as runaway prices are financially squeezing global consumers and companies. Sixty percent of organizations participating in IBM’s study say, they raised their product and service prices due to the breach, as supply chain disruptions, the war in Ukraine and tepid demand for products continue. Consumers are already struggling to meet healthcare costs, which will likely increase by 6.5% next year. The study also found that nearly 30% of breach costs are incurred 12 to 24 months after, translating into permanent price increases for consumers. “It is clear that cyberattacks are evolving into market stressors that are triggering chain reactions, [and] we see that these breaches are contributing to those inflationary pressures,” says John Hendley, head of strategy for IBM Security’s X-Force research team. Getting quick wins in encryptionFor healthcare providers with limited cybersecurity budgets, prioritizing these three areas can reduce the cost of a breach while making progress toward zero-trust initiatives. Getting identity access management (IAM) right is core to a practical zero-trust framework, one that can quickly adapt and protect human and machine identities are essential. IBM’s study found that of the zero-trust components measured in the study, IAM is the most effective in reducing breach costs. Leading IAM includes Akamai, Fortinet, Ericom, Ivanti, Palo Alto Networks and others. Ericom’s ZTEdge platform is noteworthy for its combining ML-enabled identity and access management, zero-trust network access (ZTNA), microsegmentation and secure web gateway (SWG) with remote browser isolation (RBI) and Web Application Isolation.
Industrial Cybersecurity Market is forecasted to be valued US$ 43.5 Bn by 2032 – Future Market Insights, Inc.North America is expected to lead the industrial cybersecurity market during the forecast period (2022-2032). the demand for industrial cybersecurity solutions in Europe is expected to increase at a significant rate. The rise in investment for the expansion of secure IT infrastructure across the automotive industry is largely responsible for the region’s successJuly 28, 2022 by Future Market Insights Global and Consulting Pvt. Ltd.NEWARK, Del, July 28, 2022 (GLOBE NEWSWIRE) — The industrial cybersecurity market is expected to record a CAGR of 7.7% during the conjecture time frame (2022 – 2032). The worldwide industrial cybersecurity market is estimated to be esteemed at US$ 20.7 Bn in 2022 and is projected to arrive at US$ 43.5 Bn by 2032. according to the excellent report from FMI. the factors that are fueling the power industry’s increased demand for industrial cyber security products.The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and disruption for organizations and individuals all across the world. The pandemic has resulted in the introduction of a work-from-home option for most employees, posing operational issues for enterprises.The Internet of Things has made it much easier to do difficult activities and has eased the lives of millions of people. It provides a new approach for contemporary companies to handle, store, and process data in the cloud and data centers.Customers, businesses, and communication service providers all interact differently because too smart gadgets. They’ve made it possible to automate and adapt many company procedures. The rising use of smartphones throughout the world has resulted in an increase in the number of networked devices that run on many platforms.Owners of industrial companies and their personnel underestimate the present and impending possible risks in the industrial control systems environment due to the relative rarity of targeted assaults against automation systems and the excessive dependence on safety measures.Request a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14460Synthetic assaults are guarded against by industrial control systems. As a result, security goods and software solutions are developed without addressing new risks or the nature of future assaults, as well as without a full analysis and examination of the current threat environment. As a result, real-world dangers are undervalued.Modern security technologies are used in the industrial sector to prevent cyber-attacks, but attackers create new strategies and processes to get around them. Investments in security defence and detection technologies aid in the development of successful defensive plans, yet, one of the most common causes of breaches is human mistake.These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.In the absence of understanding of the related hazards, every employee who is a member of an organisation constitutes a threat to security. As a result, cyber security training is essential for personnel to comprehend, anticipate, and avoid future dangers before they become more serious. The staff will also be able to implement safe business practices at work as a result of the training.Before Buying, Visit for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14460North America is expected to have a significant industrial cyber security market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.Throughout the forecasted period, Europe is expected to increase at a significant rate.The rise in investment for the expansion of secure IT infrastructure throughout the automotive industry is largely responsible for the region’s success.KEY TAKEAWAYS:The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.Major players such as Schneider Electric SE, Rockwell Automation Inc., CyberArk Software Ltd., ABB Ltd., Bayshore Networks Inc. are among the industrial cyber security market’s top participants.Several business strategies are being implemented by these companies in order to boost their global expansion and deliver sophisticated security services.Exablaze, an Australian developer and producer of innovative network devices, was acquired by Cisco System, Inc. in February 2020. This acquisition will help the organisations improve their security network performance.Broadcom Inc. will introduce BizOps, an improved decision-making platform for sectors, in June 2020. This approach would aid businesses in speeding up decision-making across a variety of commercial and technological fields.CyberArk Software Ltd. introduced CyberArk, Cloud Entitlements Manager, an artificial intelligence-based solution, in November 2020. The solution was created to improve cloud infrastructure security layers across businesses.Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14460Key SegmentsHardware SolutionsNetwork SecurityWireless SecurityBy End-User Industry:ProcessOil and GasEnergy and PowerElectronicsBy Region:Asia PacificMiddle East & AfricaContact Sales for Further Assistance in Buying this Report@ https://www.futuremarketinsights.com/checkout/14460Table of Content 1.2. Market Segmentation 2.1. Report AssumptionsExecutive Summary 3.1. Industrial Cyber Security Market Snapshot 4.2. Product Overview 4.4. Global Industrial Cybersecurity Market – Macro Economic Factors OverviewVision Guided Robots Market Outlook: The global vision guided robots market is projected to secure a CAGR of 7.8% during the forecast period, and attain a value of US$ 27,238.3 million by 2032. The current valuation of the market stands at US$ 12,810.0 million in 2022.Seam Welding Machine Market Demand: The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.Sirens Market Sales: The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.Radial Drilling Machine Market Forecast: The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period.Laser Welding Market Growth: Global Laser Welding demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032.Hot Chamber Die Casting Machine Market Analysis: Overall demand for hot chamber die casting machines is projected to grow at a CAGR of 5% between 2022 and 2032, totaling around US$ 1,648.5 Million by 2032.Safety Limit Switches Market Size: The safety limit switches market is anticipated to rise to US$ 1.8 Billion in 2022. The revision knee replacement market is estimated to reach US$ 3.3 Billion with a CAGR of 6.1% by 2032.Safety Instrumentation Systems Market Share: The global safety instrumentation systems market is forecasted to be valued at US$ 6947.3 million by 2032, up from US$ 4123.3 million in 2022, advancing at a CAGR of 5.4% during the forecast period.Industrial Power Monitoring System Market Value: Expected to reach US$ 4,318.6 Million by 2022-end, the market for industrial power monitoring system is likely to flourish at a CAGR of 4.2% from 2022-2032.For more info @ https://www.prnewswire.com/ae/news-releases/industrial-cybersecurity-market-expanding-at-a-moderate-cagr-of-7-7-during-2022-2032-amp-to-reach-us-43-5-bn-by-2032-future-market-insights-818643873.htmlFuture Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware – 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/industrial-cyber-security-marketFor Sales Enquiries: sales@futuremarketinsights.com Browse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn| Twitter| BlogsIndustrial Cybersecurity Market is forecasted to be valued US$ 43.5 Bn by 2032 – Future Market Insights, Inc.North America is expected to lead the industrial cybersecurity market during the forecast period (2022-2032). the demand for industrial cybersecurity solutions in Europe is expected to increase at a significant rate. The rise in investment for the expansion of secure IT infrastructure across the automotive industry is largely responsible for the region’s successJuly 28, 2022 by Future Market Insights Global and Consulting Pvt. Ltd.NEWARK, Del, July 28, 2022 (GLOBE NEWSWIRE) — The industrial cybersecurity market is expected to record a CAGR of 7.7% during the conjecture time frame (2022 – 2032). The worldwide industrial cybersecurity market is estimated to be esteemed at US$ 20.7 Bn in 2022 and is projected to arrive at US$ 43.5 Bn by 2032. according to the excellent report from FMI. the factors that are fueling the power industry’s increased demand for industrial cyber security products.The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and disruption for organizations and individuals all across the world. The pandemic has resulted in the introduction of a work-from-home option for most employees, posing operational issues for enterprises.The Internet of Things has made it much easier to do difficult activities and has eased the lives of millions of people. It provides a new approach for contemporary companies to handle, store, and process data in the cloud and data centers.Customers, businesses, and communication service providers all interact differently because too smart gadgets. They’ve made it possible to automate and adapt many company procedures. The rising use of smartphones throughout the world has resulted in an increase in the number of networked devices that run on many platforms.Owners of industrial companies and their personnel underestimate the present and impending possible risks in the industrial control systems environment due to the relative rarity of targeted assaults against automation systems and the excessive dependence on safety measures.Request a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14460Synthetic assaults are guarded against by industrial control systems. As a result, security goods and software solutions are developed without addressing new risks or the nature of future assaults, as well as without a full analysis and examination of the current threat environment. As a result, real-world dangers are undervalued.Modern security technologies are used in the industrial sector to prevent cyber-attacks, but attackers create new strategies and processes to get around them. Investments in security defence and detection technologies aid in the development of successful defensive plans, yet, one of the most common causes of breaches is human mistake.These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.In the absence of understanding of the related hazards, every employee who is a member of an organisation constitutes a threat to security. As a result, cyber security training is essential for personnel to comprehend, anticipate, and avoid future dangers before they become more serious. The staff will also be able to implement safe business practices at work as a result of the training.Before Buying, Visit for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-14460North America is expected to have a significant industrial cyber security market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.Throughout the forecasted period, Europe is expected to increase at a significant rate.The rise in investment for the expansion of secure IT infrastructure throughout the automotive industry is largely responsible for the region’s success.KEY TAKEAWAYS:The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.Major players such as Schneider Electric SE, Rockwell Automation Inc., CyberArk Software Ltd., ABB Ltd., Bayshore Networks Inc. are among the industrial cyber security market’s top participants.Several business strategies are being implemented by these companies in order to boost their global expansion and deliver sophisticated security services.Exablaze, an Australian developer and producer of innovative network devices, was acquired by Cisco System, Inc. in February 2020. This acquisition will help the organisations improve their security network performance.Broadcom Inc. will introduce BizOps, an improved decision-making platform for sectors, in June 2020. This approach would aid businesses in speeding up decision-making across a variety of commercial and technological fields.CyberArk Software Ltd. introduced CyberArk, Cloud Entitlements Manager, an artificial intelligence-based solution, in November 2020. The solution was created to improve cloud infrastructure security layers across businesses.Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-14460Key SegmentsHardware SolutionsNetwork SecurityWireless SecurityBy End-User Industry:ProcessOil and GasEnergy and PowerElectronicsBy Region:Asia PacificMiddle East & AfricaContact Sales for Further Assistance in Buying this Report@ https://www.futuremarketinsights.com/checkout/14460Table of Content 1.2. Market Segmentation 2.1. Report AssumptionsExecutive Summary 3.1. Industrial Cyber Security Market Snapshot 4.2. Product Overview 4.4. Global Industrial Cybersecurity Market – Macro Economic Factors OverviewVision Guided Robots Market Outlook: The global vision guided robots market is projected to secure a CAGR of 7.8% during the forecast period, and attain a value of US$ 27,238.3 million by 2032. The current valuation of the market stands at US$ 12,810.0 million in 2022.Seam Welding Machine Market Demand: The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.Sirens Market Sales: The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.Radial Drilling Machine Market Forecast: The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period.Laser Welding Market Growth: Global Laser Welding demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032.Hot Chamber Die Casting Machine Market Analysis: Overall demand for hot chamber die casting machines is projected to grow at a CAGR of 5% between 2022 and 2032, totaling around US$ 1,648.5 Million by 2032.Safety Limit Switches Market Size: The safety limit switches market is anticipated to rise to US$ 1.8 Billion in 2022. The revision knee replacement market is estimated to reach US$ 3.3 Billion with a CAGR of 6.1% by 2032.Safety Instrumentation Systems Market Share: The global safety instrumentation systems market is forecasted to be valued at US$ 6947.3 million by 2032, up from US$ 4123.3 million in 2022, advancing at a CAGR of 5.4% during the forecast period.Industrial Power Monitoring System Market Value: Expected to reach US$ 4,318.6 Million by 2022-end, the market for industrial power monitoring system is likely to flourish at a CAGR of 4.2% from 2022-2032.For more info @ https://www.prnewswire.com/ae/news-releases/industrial-cybersecurity-market-expanding-at-a-moderate-cagr-of-7-7-during-2022-2032-amp-to-reach-us-43-5-bn-by-2032-future-market-insights-818643873.htmlFuture Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.Future Market Insights Inc.Christiana Corporate,200 Continental Drive,Suite 401, Newark,Delaware – 19713, USAT: +1-845-579-5705Report: https://www.futuremarketinsights.com/reports/industrial-cyber-security-marketFor Sales Enquiries: sales@futuremarketinsights.com Browse all Reports: https://www.futuremarketinsights.com/reportsLinkedIn| Twitter| Blogs
How Three Entrepreneurs Are Transforming Customer Service In The Cybersecurity SectorExpel’s foundersExpelIt started with a Tweet claiming that most players in the cybersecurity industry were providing customer service equivalent to that of taxi drivers. When David Merkel spotted it, he couldn’t stop thinking about it, and the idea for a business quickly took shape.Merkel, along with his partners Yanek Korff and Justin Bajko, set about creating Expel, which develops managed detection and response (MDR) solutions that provide businesses with 24/7 protection for their cloud applications, infrastructure networks and endpoints. Launched in 2016, the company has raised more than $250 million through five rounds and achieved a valuation of more than $1 billion.“The three of us were working for FireEye, and we all left in 2015, about 18 months after it acquired Mandiant for just over $1 billion,” says Merkel. “We had no idea what we would do next, but one thing was certain: we all felt that our startup days were behind us. We took some much-needed time off and vowed never to do another cyber startup again.”The trio broke their vow almost immediately when they spotted a tweet from their friend and industry colleague Rick Holland. Working for Forrester Research at the time, Holland noted that the customers of managed security services providers (MSSPs) had endured ‘the customer service equivalent of taxi drivers,’ and that the market was ripe for disruption.“Rick’s tweet was a seminal moment,” says Merkel. “No offense to taxi drivers, but we knew from experience that he was 100% correct. The market knew it. The customers knew it. Even the MSSPs knew it. This inspired us to get the band back together, this time as entrepreneurs, owning and growing the business, and creating a distinct culture not just for our employees, but for our customers and partners.”MORE FOR YOU‘We Can Control Our Own Destiny’: John Zimmer Shares Lyft’s Vision For The Company’s Future And $1 Trillion Market OpportunityThe LSE Alumni Turning Their University Into A Startup PowerhouseCoinrule Bags Big-Name Investors For Its Automated Crypto Trading PlatformThey spent the better part of a week kicking ideas around by email before finally getting together in person to draft out their plans on bar napkins. “We were convinced that MSSPs were taking the wrong approach,” says Merkel. “Also, there also was no true disruptor. We were confident that the barrier to entry was low and that we had the opportunity to start a business that could easily stand out by adopting a new approach.”Some of the most significant issues for cyber security have been around transparency. Expel set out to show its customers precisely what its analysts see and ensure they know what they’re looking at. “When we identify attack activity, we inform our customers of the root cause and how they can protect against it in the future,” says Merkel. “Because we manage a wide range of customers across multiple industries, we can identify trends as they emerge and let our customers know how to defend against them before they’re even targeted.”Another problem for cyber companies is that as they scale, the quality of their security often starts to decline. “Companies don’t need hordes of security staff,” explains Merkel. “They need a (SaaS) technology platform that hyper-scales people. Humans are still required in ‘the last mile’ of computer networks, but with Expel, you don’t need as many people because the technology does the work.”One of Expel’s key differentiators is its average time, from alert to complete fix, of 21 minutes, which includes the ability to detect a ransomware threat. “No one else can match this speed and efficacy of threat detection and mitigation,” says Merkel.The company attracted the interest of investors early on, raising a $7.5 million Series A round in September 2016, led by Paladin Capital Group, with participation from New Enterprise Associates, Battery Ventures, Greycroft Partners, Lightbank and other individual investors. Last November, Expel closed $140.3 million in Series E funding, co-led by CapitalG, Alphabet’s independent growth fund, and Paladin Capital Group, which valued the company at over $1 billion.In November, Expel was ranked the 18th fastest-growing company in North America on the 2021 Deloitte Technology Fast 500. Expel now employs 400 and since 2020 has scaled its technology platform to handle an 82% increase in security events a day, double the number of technology partners and more than double the number of security investigations it handles. Plans are underway for more aggressive growth outside the U.S., specifically focusing on EMEA.Merkel says: “We’re continuing our mission of making security easy to understand, use and improve continuously. We aspire to be at the top end of performance for VC growth-backed startups in our industry and aim to close 2022 at just over double where we started the year in terms of revenue. As we continue to scale, it’s great to hear the same sentiments from employees when we were a smaller company, around positive experiences and how we’ve maintained the culture, remaining irreverent but effective, having fun, and creating an overall great place to work. By the way, we’re hiring!”
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