Security News

The global security and vulnerability management market is expected to grow from $6.7 billion in 2020 to $15.86 billion by 2030, at a CAGR of 9% during the forecast period 2021-2030, according to The Brainy Insights. An increase in vulnerabilities across the globe, high monetary losses due to the absence of security and vulnerability management solutions, stringent regulatory standards and data privacy compliances, surge in the adoption of IoT and cloud trends, and integration of advanced technologies such as AI and ML with security and vulnerability management solutions are some of the major driving factors contributing to the high growth rate of the security and vulnerability management market.

Technical details have been disclosed regarding a number of security vulnerabilities affecting Moxa's MXview web-based network management system, some of which could be chained by an unauthenticated adversary to achieve remote code execution on unpatched servers. The five security weaknesses "Could allow a remote, unauthenticated attacker to execute code on the hosting machine with the highest privileges available: NT AUTHORITYSYSTEM," Claroty security researcher Noam Moshe said in a report published this week.

The encryption management solutions market is expected to increase by $6.07 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of almost 17%, according to Technavio. The encryption management solutions market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

In this interview with Help Net Security, Miles Hutchinson, CISO of Jumio, talks about the pain points of identity and access management and the importance of strenghtening identity strategies. The usual identity-related security issues and challenges organizations face are typically caused by outdated identity and access management solutions or a disjointed approach to identity verification, which can leave cracks and vulnerabilities in an organization's attack surface.

The wide-ranging adoption of cloud facilities and the subsequent mushrooming of organizations' networks, combined with the recent migration to remote work, had the direct consequence of a massive expansion of organizations' attack surface and led to a growing number of blind spots in connected architectures. The unforeseen results of this expanded and attack surface with fragmented monitoring has been a marked increase in the number of successful cyber-attacks, most notoriously, ransomware, but covering a range of other types of attacks as well.

Cloud directory specialist JumpCloud is moving into the crowded patch management market with an extension to its platform to automate patch updates. Companies such as Apple or Microsoft already have varying levels of patch management tools in their armoury.

Researchers have found over 20,000 instances of publicly exposed data center infrastructure management software that monitor devices, HVAC control systems, and power distribution units, which could be used for a range of catastrophic attacks. Data centers house costly systems that support business storage solutions, operational systems, website hosting, data processing, and more.

Not to mention the fact that often the SaaS app owner sits outside of the security team in the department that most uses the app, and they are untrained and not focused on the security upkeep of the app. It all amounts to just how unrealistic it is to expect security teams to be able to stay in control of the organization's SaaS stack.

35% of the growth will originate from North America for the IoT data management market. The IoT data management market is expected to grow by $94.79 billion from 2021 to 2026.

Not to mention the fact that often the SaaS app owner sits outside of the security team in the department that most uses the app, and they are untrained and not focused on the security upkeep of the app. That's why Gartner named SaaS Security Posture Management as a MUST HAVE solution to continuously assess security risks and manage the SaaS applications' security posture in the "4 Must-Have Technologies That Made the Gartner Hype Cycle for Cloud Security, 2021".