Cyber security industry to touch $870-mn by 2017!

According to research firm IDC, the global market for cyber security is in for a mount of $870 million by 2017.

Thousands of networked computers are used by Cyber-criminals to jam a website, by creating a huge traffic on it which further leads to a crash. These attacks are properly known as Distributed Denial of Service.

IDC, Vice President Christian Christiansen, in a statement said that as the attacks surged in prevalence and sophistication, organizations were often caught unaware. Embedded capabilities were quickly overwhelmed and outrages were readily apparent on the Web.

Demands of proactive solutions will hence be increasing. The worldwide market for DDoS prevention solutions will grow by a compound annual growth rate (CAGR) of 18.2 per cent from 2012 through 2017 and reach $870 million, he added.

Whereas DDoS attack targets may witness an increase because of the expansion of cloud services and mobile networks.

Symantec, a security solutions provider had said that in the late 1990s, networks of zombie machines were used to knock websites offline, making them out of use for customers, often preventing e commerce.

Estonia for example was shut down in 2007 because of the attacks through botnet and Georgia was also severely attacked by botnets in 2008.

On the whole, India has been one of the most infected countries and these zombie computers have been thriving across the world.

Organisations now need to involve their Internet Service Providers and invest in solutions, whereas consumers need to certify that their security solution is updated enough to prevent such attacks, added Symantec.

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