At-Home Technology Demands At-Home Security
The combination of commodified smartphones, private banking apps, and remote working culture are just a few of the things prompting investment into the cybersecurity industry. As companies start to require data protection as a part of their non-negotiable business strategy, startups that focus on providing reliable and trustworthy cybersecurity are in high demand. People are spending more time than ever on their smartphones, which largely function as hosts for vast quantities of personal data that can be exploited when in the wrong hands. However, because cyber hacking methodology is still so new, mobile apps and desktops alike are still extremely vulnerable to being attacked.
Demand For Protection On The Rise
Seeing as 81% of all data breaches are the result of poor cybersecurity, there is a significant gap in the market for businesses that can provide a data protection service. In fact, by 2030, the cybersecurity market is expected to reach a whopping $500.70 billion – its current worth? $139.77 billion. That’s a growth rate of 14.22% each year. For business owners, investing in data protection is as important as looking after employees and having proper insurance. For example, according to insurance experts at Cerity, workers comp insurance offers employers and employees’ numerous benefits as it covers medical costs and lost wages for work-related illnesses and injuries. If a business applies the same theory to data, protecting it is in their best interest too, as well as their employees and customers.
Where Your Sights Should Be As A Startup Cyber Security Firm
The increase in remote work, rising numbers of cyberattacks, and the aftershock of the global health crisis are fueling several themes for the growing cybersecurity industry. For example, cloud security is seeing a rapid increase in effectiveness, which is why so many companies are rushing to obtain cloud security services. Cybersecurity companies are also amplifying their use of open source frameworks and components to contain data vulnerabilities. Additionally, research into new methods of attack is an important element of this ever-evolving relationship with hackers.
Maintaining Global IT Stability
Every desktop, mobile, cloud and network needs to be properly secured if any of the world’s other industries hope to remain stable. The world needs cybersecurity more than cybersecurity needs it – so the next few years of data protection startups are bound to be full of activity and growth.
