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Copycat Malware on the Verge to Strike Fueling the Cyber Security Market


Jul-2017 | Intense Research | Electricals & Electronics

A CopyCat malware impacted over 14 Million Android devices in 2016. This resulted in rooting 8 Million of smartphones and earning the attackers roughly $1.5 Million in fake ad incomes in a time frame of just 2 months. These details were provided by Check Point, an Israel-based IT security provider. The company also claims that soon s similar attack might take place. With this news, people are now seeking for cyber security solution thus towering the global cyber security market. Let us have a peek at other factors affecting global market. 

The rising incidence of cyber attacks, cyber crimes, as well as identity theft is the main reason that is responsible for the up surge of the global cyber security market. In addition to this, the rising demand from the IT sector is also one of the main reasons that are responsible for the development of the global market. Strict government rules are also playing a significant role in propelling the global cyber security market. In addition to this, the concept of ‘Bring Your Own Device’ can also be held responsible for fueling the global market. Adding more to the list, he rising awareness among the people regarding the advantages of the cyber security is also one of the major factors that can be held accountable for towering the growth of the Global cyber security market.

Conversely, the lack of skilled labor is the main reason that is hampering the growth of the global market. In addition to this, the huge cost of maintenance is also lending helping hand to hinder the development of global cyber security market. Moreover, the huge cost for raw materials needed for cyber security is also one of the main reasons that are restraining the growth of the global market. 

Well, for now the global cyber security market is surely going to fuel. All thanks to the estimation by the Israel-based IT security provider Check Point. If the estimation by the company is true, beware of the attacks and approach for a cyber security solution as soon as possible to avoid the further loss of your data.
 

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