Security News > 2021 > August > Cybersecurity market soaring as threats target commercial and govt organizations

Over the past year, it's been impossible to ignore the rising tide of threats targeting government and commercial organizations around the world, and the cybersecurity market is reacting.

On top of that, we've seen supply chain attacks, like SolarWinds and Microsoft Exchange, causing widespread impact on thousands of organizations worldwide and the European Union Cybersecurity Agency recently predicted a fourfold increase in supply chain attacks in 2021 over last year, warning that strong cybersecurity protection is no longer effective in defending against these types of attacks.

Commercial and government organizations alike are recognizing the dire challenge at hand and investing significantly in cybersecurity technologies to combat these threats.

Total investment into cybersecurity skyrocketed in the first half of 2021, more than doubling over the same period last year.

"As an investor in the cyber market for over fifteen years, I can say that this market climate is unlike anything we've seen to date. It is encouraging to finally see CEOs, boards of directors, investors and more paying serious attention to this space and putting the resources and capital in place to fund the innovations that address the cybersecurity challenges of today and tomorrow."

The cybersecurity market is both encouraging and intimidating.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/4YwQn7BSkC8/