Analysis Of The Cyber Security Industry Essay

Since the onset of the first packet switching event that many believe to be beginning of the internet, no other technology besides the printing press has ever transformed the ability to deliver information. Although the internet is used by a large percentage of the civilized world, few Americans realize how vital cyberspace is to our national infrastructure. Today, we are faced with even more threats although it has been a recognized problem since 2009, when President Barrack Obama said “The cyber threat is one of the most serious economic and national security challenges we face as a nation. It’s also clear that we’re not as prepared as we should be, as a government or as a country (Obama, 2009).” Every industry that operates in the United States is dependent on the internet for some aspect of their business. Commerce, transportation, financial institutions, military, as well as industrial control systems are all interconnected. This interconnectedness has created vulnerabilities within their infrastructure that have increasingly become targets of terrorists, script kiddies, foreign governments and hackers of all types.

The Internet, as we all know, has rapidly spread around since its commercialization in the 1990s. It is evident that cybersecurity attacks are not going anywhere, and that government will continue to remain a target. In addition, the Internet of Things (IoT) growth will lead to more devices being connected to the networks. Therefore, with technology moving forward and hackers being more motivated as ever, the government finds itself struggling to keep up with effective cybersecurity measures and with filling up the designated positions in the Cybersecurity department.

The world of cyber security continues to introduce new threats each year against network infrastructures and computer devices. In the recent years, the impact from cyber-attacks has wreaked havoc on many company brands and organizational reputations. As this issue grows so does the technology to prevent and protect against these malicious attacks. It is absolutely crucial for organizations and businesses to shift focus from defense for different types of attacks to improving safeguards to mitigate the loss of sensitive data when an attack occurs. In addition to the traditional security technology used to detect an attack, companies will have to include

Cyber-security demands are ever increasing in the field of Information Technology with the globalization of the internet. Disruptions due to cyber-attacks are affecting the economy, costing companies billions of dollars each year in lost revenue. To counter this problem

Today, businesses both large and small face immense cyber threats and must continuously evolve to

The United States of America is one of the most powerful countries in the world, and there are a full spectrum of threats that come from every single direction. The United States Department of Homeland Security is just one entity of the United States to ensure that the country is protected. In doing so, the Department of Homeland Security has a Cyber Security Division with a Mission to “contribute to enhancing the security and resilience of the nation’s critical information infrastructure and the Internet by (1) developing and delivering new technologies, tools and techniques to enable DHS and the U.S. to defend, mitigate and secure current

West, J., & Mar, S. (2017). Fundamentals of a cybersecurity program. Internal Auditor. Retrieved from

Times have changed what was known as organized crime has been replaced by Cybercrimes (Heists: Cybercrimes with Ben Hammersley). Cybercrimes have risen dramatically in recent years and have become a major issue the United States and company’s face today jeopardizing as well as threatening the critical infrastructure of America (Cyberwar Threat, 2005). Sadly, the status quo of cyber security is very unstable with the advancements and growth which has put most individuals and businesses into an enormous threat (Agustina, 2015).

Cyber Security - Emerging Trends and Investment Outlook. (n.d.). Retrieved February 19, 2015, from http://www.researchandmarkets.com/research/m4f6wf/cyber_security

The growing number of cyber security threats has brought about a proliferation of businesses offering various forms of network protection solutions. This may

In the previous five years, cybersecurity has turned into the most looked for after calling around the world. More than 90 percent of respondents to an overview directed by the Ponemon Institute (2011) detailed being a casualty to cyberattacks amid the most recent year, costing all things considered more than $2 million for each association. This number keeps on ascending as the two programmers and security devices progress. As indicated by PwC, roughly 33% of all U.S. organizations are as of now utilizing digital protection (Lindros and Tittel, 2016).

In today’s world technology has evolved to the point where a large amount of information is stored in cyberspace. It is because of this type of storage people around the world have an easier time at accessing information than ever before. The time before the late 20th century gathering information was long and tedious to get a book that the library did not own would take at least a couple of weeks depending on the time period or it may not have been possible to obtain that book. But now people can access a vast amount of information in a matter of minutes. Example, in modern times if someone wanted to know about a different culture they could simple look up the information on a computer or any device that had access to

In this modern world, Information Technology forms the integral part of any kind of business. In the 21st century, countries across the globe have come to rely on complex computer networks that form the infrastructural backbone of even the most basic necessities of life, including electric power grids, global finance, food distribution, medical care, clean drinking water, petroleum production, and most types of communication. The protection of such networks, known as cyber security, is among the highest priorities in the civilized world, alongside planning and operations for major contingencies, including antiterrorism and land warfare. (Al-Saud, 2012:75).In Middle East region, the IT industry is dynamically growing along

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).

As global security continues to grow exponentially in response to threats of cyber terrorism, the field of computer security continues to proliferate into many adjacent socioeconomic and technologically-based areas of society. Gartner Group, a leading market research in the enterprise IT industry, has stated that the worldwide market for security software will reach $21B in 2011, rising to $15.8B in 2015 (Karjalainen, Siponen, 2011). This rapid growth of computer security is also driving the development of entirely new patents in the areas of cryptography, enterprise security management strategies, and extensive support for more advanced programming features for securing enterprise networks (Albrechtsen, 2007). The pace of development in this market is accelerating as the sophistication and variety of threats continues to also exponentially escalate (Liang, Xue, 2010).