NEW YORK, Aug. 17, 2023 (GLOBE NEWSWIRE) – ReportLinker.com announces the release of the report “Deception Technology Market Size and Share Analysis – Growth Trends and Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06483840/?utm_source=GNW
Deception technology is an advanced security solution to detect and prevent targeted attacks. Deception is achieved through purposeful interruptions, false responses, misdirection, and forgery.
Due to the high level of cyber threats, there is a growing need for organizations to detect and mitigate advanced threats that have already been breached in the network. This is promoting the adoption of deception techniques.
Current security tools have been effective at flagging anomalies but more is needed to define their impact and risk potential. These tools generate many alerts, most of which should be investigated by security teams, although many of them are a waste of time. Resources are wasted in assessing these false threats, when attention should be paid to real and present threats. By changing the asymmetry of an attack, spoofing techniques help security teams focus on the real threats to the network. Such scenes have helped the technology of deception to gain momentum over the forecast period.
AI and machine learning (ML) are embedded at the core of many fraud solutions. These features ensure that deception techniques are kept dynamic and help reduce operational overheads and impact on security teams by freeing security teams from constantly creating new deception campaigns.
Cyber attacks causing harm to individuals, businesses and organizations increased exponentially during the COVID-19 outbreak. As a result, many affected enterprises are investing in upgrading legacy systems, contributing to the fraud technology market. For example, the US Department of Homeland Security warned about cybercriminals and advanced persistent threat groups related to the emerging pandemic. Interpol issued a warning about criminals deliberately targeting medical facilities.
Deception Technology Market Trends
Increasing number of zero-days and targeted APTs drive market growth
A zero-day attack is a targeted attack in which the attacker finds software vulnerabilities and exploits them along with other hackers until the vulnerability is discovered by the organization. A zero-day exploit initially leaves no opportunity for detection.
In 2021, Mandiant Threat Intelligence found 80 zero-day exploits in the wild, more than double the number from the previous year. The main actors exploiting zero-day vulnerabilities continue to be state-sponsored organizations led by Chinese conglomerates. The proportion of financially motivated actors with zero-day exploits has also increased significantly, with nearly one in every three actors identified having taken advantage of zero-day exploits in the year prior to being financially motivated.
In addition, malicious actors most commonly exploited zero-day vulnerabilities in Microsoft, Apple, and Google products, which reflects the popularity of these manufacturers. The significant increase in zero-day exploits over the past year, as well as the diversification of the actors exploiting them, broadens the risk portfolio for businesses in practically every industry sector and geography, especially for those most vulnerable to these threats. Depend on the widely used systems.
According to research, a variety of factors contribute to the increase in the number of zero-day exploits. For example, the continued adoption of cloud hosting, mobile, and Internet-of-Things (IoT) technologies increases the amount and complexity of Internet-connected systems and devices. In other words, more software leads to more software flaws. The rise of the exploit broker industry is also possibly contributing to this trend, with more resources being moved into zero-day research and development by private organizations, researchers, and threat groups.
Due to the rise in zero-day attacks and APTs, organizations around the world are deploying anti-cheating technologies to detect attacks early and minimize their impact on sensitive data. Therefore, the increasing cost of data breaches, as depicted in the graph, is expected to drive the fraud technology market during the forecast period.
North America is expected to gain major market share
The North American region is expected to hold a significant share in the global anti-fraud technology market due to the increasing adoption of anti-fraud technology solutions in highly regulated industries such as financial services, healthcare, and government. Several US states, especially California with its California Consumer Privacy Act (CCPA), have enacted privacy laws, which has led to a significant increase in demand for anti-fraud technology solutions among end-user industries.
California passed a law separate from the California Consumer Privacy Act, addressing default passwords and IoT vulnerabilities on IoT devices. Due to this, the National Cyber Security and Communications Integration Center (NCCIC) introduced Technical Alerts (TAs) to assist MSP customer networks and system administrators to detect and mitigate malicious activity on their networks and systems. Provides information and guidance. associated risk.
It provides an overview of the TA TTPs that APT actors use in the MSP network environment, provides suggestions for mitigation, and details on reporting events. High availability of adequate infrastructure, presence of several global financial institutions, high frequency of cyber attacks, and adoption of technologies are expected to drive the growth of the fraud technology market in the North American region.
Key trends responsible for the growth of deception technology in the North American region include the growing number of smartphone devices and increased adoption of social apps, which generate sample data that contains valuable information. Due to this, the risk of cyber threats has increased significantly.
Furthermore, the presence of major market vendors and rising data volume across various organizations is driving the demand for fraud technology solutions in the region. In addition, the rapid adoption of advanced technologies such as 5G, AI, Cloud and IoT across various end-user sectors is rapidly increasing the demand for anti-fraud technology solutions.
Cheat Technology Industry Overview
The fraud technology market is highly fragmented, with the presence of major players such as Illusive Networks, Comvault Systems Inc., Smokescreen Technologies Pvt. Ltd. Ltd., Ativo Networks Inc. (Centinelon Inc.), and Rapid7 LLC. Players in the market are adopting strategies such as partnerships, innovations, mergers and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In February 2023, Rapid7 and the University of South Florida (USF) announced a partnership to create a cyber threat intelligence lab that will support interdisciplinary research efforts by faculty experts and students from four colleges and myriad disciplines.
In September 2022, Comvault announced the general availability of Metallic ThreatWise, an early warning system that proactively surfaces unknown and zero-day threats to minimize compromised data and business impact.
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