As per reports, end-user spending on information security, as well as the risk management market, is estimated to grow annually at a compound growth rate of around 8.7% from 2020 through 2025 to reach a whopping $213.7 billion. It is also predicted that the global cybercrime costs will plunge by 15% every year over the next five years, reaching USD 10.5 trillion annually by the year 2025, which is a significant increase from $3 trillion reported back in 2015.
At the recently concluded RSA Conference 2021, VMware security experts highlighted the various opportunities for continued evolution in cybersecurity strategies. The conference also stressed the prescriptive actions for how modern organisations can rethink their approach to security.
VMware showcased how the complexity surrounding the existing approaches can be eliminated. Security experts talked about the various opportunities for continued evolution in cybersecurity strategies and suggested some prescriptive actions for how modern organisations can rethink their approach to security.
Highlighting the need for a new approach, VMware Threat Analysis Unit released a threat landscape report. In “North-by-South-West: See What Evaded Perimeter Defenses,” the findings shed light on how a cadre of perimeter defenses are being deployed, malicious actors are actively operating in the network. The research offers clarity on how attackers escape perimeter detection and infect systems, and then try to spread laterally across the network to execute their objective.
