Statista.com reports there has been a sharp increase in data breaches and exposed records during the past 15 years. In 2005, there were 157 data breaches, and in 2019, there were 1,506—an 859% increase, according to www.forconstructionpros.com.
A recent Canalys study predicts cybersecurity trends for 2021, anticipating businesses will spend 10% more to boost security. Cybersecurity will remain a high priority as the range of threats broadens and new vulnerabilities emerge. The first half of the year is expected be affected by ongoing lockdown restrictions and furloughs caused by the COVID-19 pandemic.
The overall cybersecurity market value is expected to reach $60.2 billion in 2021. Even in Canalys’ worst-case scenario, the outlook for annual growth is 6.6%.
Despite continued growth in cybersecurity investment, the number of data breaches and records being compromised, as well as ransomware attacks, reached an all-time high in 2020. Key factors were misconfigurations of cloud-based databases and phishing campaigns targeting the vulnerabilities of unsecured and poorly trained remote workers.
Canalys forecasts web and email security will grow 12.5% in 2021 as technologies converge to secure persistent connections between users and cloud services. Vulnerability and security analytics will increase 11%, expanding beyond logging and monitoring to threat intelligence, behavior analysis and automated response. Data security will increase 6.6%, focusing on protection, backup and recovery, as well as consistent policies across multicloud and hybrid-IT environments.
