It might all sound like a sci-fi concept, but building quantum networks is a key ambition for many countries around the world. Recently the US Department of Defense (DoE) published the first blueprint of its kind, laying out a step-by-step strategy to make the quantum internet dream come true, at least in a very preliminary form, over the next few years.

The US joined the EU and China in showing a keen interest in the concept of quantum communications. But what is the quantum internet exactly, how does it work, and what are the wonders that it can accomplish?

WHAT IS THE QUANTUM INTERNET?

The quantum internet is a network that will let quantum devices exchange some information within an environment that harnesses the weird laws of quantum mechanics. In theory, this would lend the quantum internet unprecedented capabilities that are impossible to carry out with today's web applications.

SEE: Managing AI and ML in the enterprise 2020: Tech leaders increase project development and implementation (TechRepublic Premium)

In the quantum world, data can be encoded in the state of qubits, which can be created in quantum devices like a quantum computer or a quantum processor. And the quantum internet, in simple terms, will involve sending qubits across a network of multiple quantum devices that are physically separated. Crucially, all of this would happen thanks to the whacky properties that are unique to quantum states.

That might sound similar to the standard internet. But sending qubits around through a quantum channel, rather than a classical one, effectively means leveraging the behavior of particles when taken at their smallest scale so-called "quantum states", which have caused delight and dismay among scientists for decades.

And the laws of quantum physics, which underpin the way information will be transmitted in the quantum internet, are nothing short of unfamiliar. In fact, they are strange, counter-intuitive, and at times even seemingly supernatural.

And so to understand how the quantum ecosystem of the internet 2.0 works, you might want to forget everything you know about classical computing. Because not much of the quantum internet will remind you of your favorite web browser.

WHAT TYPE OF INFORMATION CAN WE EXCHANGE WITH QUANTUM?

In short, not much that most users are accustomed to. At least for the next few decades, therefore, you shouldn't expect to one day be able to jump onto quantum Zoom meetings.

Central to quantum communication is the fact that qubits, which harness the fundamental laws of quantum mechanics, behave very differently to classical bits.

As it encodes data, a classical bit can effectively only be one of two states. Just like a light switch has to be either on or off, and just like a cat has to be either dead or alive, so does a bit have to be either 0 or 1.

Not so much with qubits. Instead, qubits are superposed: they can be 0 and 1 simultaneously, in a special quantum state that doesn't exist in the classical world. It's a little bit as if you could be both on the left-hand side and the right-hand side of your sofa, in the same moment.

The paradox is that the mere act of measuring a qubit means that it is assigned a state. A measured qubit automatically falls from its dual state, and is relegated to 0 or 1, just like a classical bit.

The whole phenomenon is called superposition, and lies at the core of quantum mechanics.

Unsurprisingly, qubits cannot be used to send the kind of data we are familiar with, like emails and WhatsApp messages. But the strange behavior of qubits is opening up huge opportunities in other, more niche applications.

QUANTUM (SAFER) COMMUNICATIONS

One of the most exciting avenues that researchers, armed with qubits, are exploring, is security.

When it comes to classical communications, most data is secured by distributing a shared key to the sender and receiver, and then using this common key to encrypt the message. The receiver can then use their key to decode the data at their end.

The security of most classical communication today is based on an algorithm for creating keys that is difficult for hackers to break, but not impossible. That's why researchers are looking at making this communication process "quantum". The concept is at the core of an emerging field of cybersecurity called quantum key distribution (QKD).

QKD works by having one of the two parties encrypt a piece of classical data by encoding the cryptography key onto qubits. The sender then transmits those qubits to the other person, who measures the qubits in order to obtain the key values.

SEE: The UK is building its first commercial quantum computer

Measuring causes the state of the qubit to collapse; but it is the value that is read out during the measurement process that is important. The qubit, in a way, is only there to transport the key value.

More importantly, QKD means that it is easy to find out whether a third party has eavesdropped on the qubits during the transmission, since the intruder would have caused the key to collapse simply by looking at it.

If a hacker looked at the qubits at any point while they were being sent, this would automatically change the state of the qubits. A spy would inevitably leave behind a sign of eavesdropping which is why cryptographers maintain that QKD is "provably" secure.

SO, WHY A QUANTUM INTERNET?

QKD technology is in its very early stages. The "usual" way to create QKD at the moment consists of sending qubits in a one-directional way to the receiver, through optic-fibre cables; but those significantly limit the effectiveness of the protocol.

Qubits can easily get lost or scattered in a fibre-optic cable, which means that quantum signals are very much error-prone, and struggle to travel long distances. Current experiments, in fact, are limited to a range of hundreds of kilometers.

There is another solution, and it is the one that underpins the quantum internet: to leverage another property of quantum, called entanglement, to communicate between two devices.

When two qubits interact and become entangled, they share particular properties that depend on each other. While the qubits are in an entangled state, any change to one particle in the pair will result in changes to the other, even if they are physically separated.The state of the first qubit, therefore, can be "read" by looking at the behavior of its entangled counterpart. That's right: even Albert Einstein called the whole thing "spooky action at a distance".

And in the context of quantum communication, entanglement could in effect, teleport some information from one qubit to its entangled other half, without the need for a physical channel bridging the two during the transmission.

HOW DOES ENTANGLEMENT WORK?

The very concept of teleportation entails, by definition, the lack of a physical network bridging between communicating devices. But it remains that entanglement needs to be created in the first place, and then maintained.

To carry out QKD using entanglement, it is necessary to build the appropriate infrastructure to first create pairs of entangled qubits, and then distribute them between a sender and a receiver. This creates the "teleportation" channel over which cryptography keys can be exchanged.

Specifically, once the entangled qubits have been generated, you have to send one half of the pair to the receiver of the key. An entangled qubit can travel through networks of optical fibre, for example; but those are unable to maintain entanglement after about 60 miles.

Qubits can also be kept entangled over large distances via satellite, but covering the planet with outer-space quantum devices is expensive.

There are still huge engineering challenges, therefore, to building large-scale "teleportation networks" that could effectively link up qubits across the world. Once the entanglement network is in place, the magic can start: linked qubits won't need to run through any form of physical infrastructure anymore to deliver their message.

During transmission, therefore, the quantum key would virtually be invisible to third parties, impossible to intercept, and reliably "teleported" from one endpoint to the next. The idea will resonate well with industries that deal with sensitive data, such as banking, health services or aircraft communications. And it is likely that governments sitting on top secret information will also be early adopters of the technology.

WHAT ELSE COULD WE DO WITH THE QUANTUM INTERNET?

'Why bother with entanglement?' you may ask. After all, researchers could simply find ways to improve the "usual" form of QKD. Quantum repeaters, for example, could go a long way in increasing communication distance in fibre-optic cables, without having to go so far as to entangle qubits.

That is without accounting for the immense potential that entanglement could have for other applications. QKD is the most frequently discussed example of what the quantum internet could achieve, because it is the most accessible application of the technology. But security is far from being the only field that is causing excitement among researchers.

The entanglement network used for QKD could also be used, for example, to provide a reliable way to build up quantum clusters made of entangled qubits located in different quantum devices.

Researchers won't need a particularly powerful piece of quantum hardware to connect to the quantum internet in fact, even a single-qubit processor could do the job. But by linking together quantum devices that, as they stand, have limited capabilities, scientists expect that they could create a quantum supercomputer to surpass them all.

SEE: Guide to Becoming a Digital Transformation Champion (TechRepublic Premium)

By connecting many smaller quantum devices together, therefore, the quantum internet could start solving the problems that are currently impossible to achieve in a single quantum computer. This includes expediting the exchange of vast amounts of data, and carrying out large-scale sensing experiments in astronomy, materials discovery and life sciences.

For this reason, scientists are convinced that we could reap the benefits of the quantum internet before tech giants such as Google and IBM even achieve quantum supremacy the moment when a single quantum computer will solve a problem that is intractable for a classical computer.

Google and IBM's most advanced quantum computers currently sit around 50 qubits, which, on its own, is much less than is needed to carry out the phenomenal calculations needed to solve the problems that quantum research hopes to address.

On the other hand, linking such devices together via quantum entanglement could result in clusters worth several thousands of qubits. For many scientists, creating such computing strength is in fact the ultimate goal of the quantum internet project.

WHAT COULDN'T WE DO WITH THE QUANTUM INTERNET?

For the foreseeable future, the quantum internet could not be used to exchange data in the way that we currently do on our laptops.

Imagining a generalized, mainstream quantum internet would require anticipating a few decades (or more) of technological advancements. As much as scientists dream of the future of the quantum internet, therefore, it is impossible to draw parallels between the project as it currently stands, and the way we browse the web every day.

A lot of quantum communication research today is dedicated to finding out how to best encode, compress and transmit information thanks to quantum states. Quantum states, of course, are known for their extraordinary densities, and scientists are confident that one node could teleport a great deal of data.

But the type of information that scientists are looking at sending over the quantum internet has little to do with opening up an inbox and scrolling through emails. And in fact, replacing the classical internet is not what the technology has set out to do.

Rather, researchers are hoping that the quantum internet will sit next to the classical internet, and would be used for more specialized applications. The quantum internet will perform tasks that can be done faster on a quantum computer than on classical computers, or which are too difficult to perform even on the best supercomputers that exist today.

SO, WHAT ARE WE WAITING FOR?

Scientists already know how to create entanglement between qubits, and they have even been successfully leveraging entanglement for QKD.

China, a long-time investor in quantum networks, has broken records on satellite-induced entanglement. Chinese scientists recently established entanglement and achieved QKD over a record-breaking 745 miles.

The next stage, however, is scaling up the infrastructure. All experiments so far have only connected two end-points. Now that point-to-point communication has been achieved, scientists are working on creating a network in which multiple senders and multiple receivers could exchange over the quantum internet on a global scale.

The idea, essentially, is to find the best ways to churn out lots of entangled qubits on demand, over long distances, and between many different points at the same time. This is much easier said than done: for example, maintaining the entanglement between a device in China and one in the US would probably require an intermediate node, on top of new routing protocols.

And countries are opting for different technologies when it comes to establishing entanglement in the first place. While China is picking satellite technology, optical fibre is the method favored by the US DoE, which is now trying to create a network of quantum repeaters that can augment the distance that separates entangled qubits.

In the US, particles have remained entangled through optical fibre over a 52-mile "quantum loop" in the suburbs of Chicago, without the need for quantum repeaters. The network will soon be connected to one of the DoE's laboratories to establish an 80-mile quantum testbed.

In the EU, the Quantum Internet Alliance was formed in 2018 to develop a strategy for a quantum internet, and demonstrated entanglement over 31 miles last year.

For quantum researchers, the goal is to scale the networks up to a national level first, and one day even internationally. The vast majority of scientists agree that this is unlikely to happen before a couple of decades. The quantum internet is without doubt a very long-term project, with many technical obstacles still standing in the way. But the unexpected outcomes that the technology will inevitably bring about on the way will make for an invaluable scientific journey, complete with a plethora of outlandish quantum applications that, for now, cannot even be predicted.

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What is the quantum internet? Everything you need to know about the weird future of quantum networks - ZDNet

Following a misconfiguration in one of its data centers, the US internet service provider (ISP) CenturyLink suffered a major technical outage that spread across the internet taking down many popular sites and services on Sunday.

The error at the company's data center spread outward from its network and also ended up impacting other ISPs, which led to connectivity problems for many other companies including Amazon, Twitter, NameCheap, OpenDNS, Reddit, Discord, Hulu, Steam and others.

Cloudflare was also severely impacted by CenturyLink's outage and in a blog post, CEO and co-founder of the web infrastructure and website security company Matthew Prince explained how the incident affected the internet as a whole, saying:

Because this outage appeared to take all of the CenturyLink/Level(3) network offline, individuals who are CenturyLink customers would not have been able to reach Cloudflare or any other internet provider until the issue was resolved. Globally, we saw a 3.5% drop in global traffic during the outage, nearly all of which was due to a nearly complete outage of CenturyLinks ISP service across the United States.

Based on information from a CenturyLink status page, it appears the issue originated in the ISP's CA3 data center in Mississauga, located in Canada's Ontario province.

As its own services were affected by the outage, Cloudflare paid close attention and believes that an incorrect Flowspec rule that came at the end of a long list of BGP updates may have caused it.

If this was the case, every router in CenturyLink/Level(3)'s network would have received the Flowspec rule and started blocking BGP, which would lead them to stop receiving the rule.

The devices would then start back up, work their way through all the BGP rules until they got to the incorrect Flowspec rule and BGP would once again be dropped, creating an endless loop.

BGP routes are a type of message that internet companies relay between each other to inform each internet provider which group of IP addresses is available on their network. However, CenturyLink's incorrect Flowspec rule also brought down some routers outside of its network which began to announce incorrect BGP routes to other Tier 1 internet services. This brought down other networks, causing the major internet outage experienced over the weekend.

Thankfully, CenturyLink was able to fix the issue by telling all other Tier 1 internet providers to ignore any traffic coming from its network. This type of action is usually a last resort as it results in all of the company's customers losing internet connectivity.

Via ZDNet

Continued here:
One of the largest internet outages ever recorded occurred this weekend - TechRadar

Are Korean music fans a cyber threat to be reckoned with?

Is it a mistake to write-off the cyber threat posed by Korean music fans? Security professionals appear to think so.

Delivering the opening keynote at the virtual Okta Disclosure 2020 security conference on September 3, well-respected cybersecurity analyst the Grugq tackled the application of cyber power. During his highly informative presentation, the Grugq touched on how some non-states have more cyber power that nation-states. In particular, he mentioned K-pop band BTS and their devoted fan base, the BTS ARMY (it stands for Adorable Representative M.C for Youth, apparently), which undoubtedly have such cyber power.

Indeed, a taste of the kind of power that K-pop Stans, the generic name for these devoted and obsessed fans, was revealed during the Black Lives Matter protest when their social media presence was effectively weaponized. This led me to wonder if then, the BTS ARMY and K-pop Stans were, in effect, the new Anonymous?

Estimated to be more than 100 million, the BTS ARMY is 50 million strong alone, I took the question of whether the K-pop Stan phenomena should be treated as part of the cyber threatscape to the people who know best: the cybersecurity industry itself.

Daniel Smith, a security researcher at Radware, is in no doubt that K-pop stans and the BTS ARMY can be considered the new anonymous. "They present the same risks and challenges to the threat landscape as Anonymous did in their prime," Smith says, "K-pop fans have been filling the void of an absent Anonymous." He says that this is certainly something of a "shift in non-state cyber power, from one group to the next, as the landscape evolves."

By way of an example, Smith points to the way that K-pop Stans flooded the Dallas Police Department iWatch Dallas app during the George Floyd protests. The app, which enabled citizens to report on protestor activity, was bombarded with video clips of K-pop artists. "Anonymous used to have this type of following and power," Smith says, "I call it a social botnet, where an idea results in a natural flood of traffic."

Charl van der Walt, head of security research at Orange Cyberdefense, has nothing but praise for the Grugq, calling him "a member of a leading corps of thinkers that we should be listening to more carefully." It should come as no surprise that van der Walt echoes the point that failing to "appreciate where and how the cyber landscape is different to traditional domains of conflict," is something that needs to be overcome.

By forcing our understanding of this landscape into preconceived frameworks, he says, we see cyberwar through a lens of understanding previous wars. "One effect of this is that we will overestimate the significance of familiar elements like hacking tools and other cyber weapons," van der Walt continues, "while underestimating other elements like the idea of soft power and the incredible influence that a networked construct like social media can bring to bear."

This soft power can have hard impacts, as Boris Cipot, a senior security engineer at Synopsys, explains. "In the case of BTS and their 50 million fans," he says, "I can see them being a cyberthreat. On the one hand, they could be used for marketing purposes, or even used politically."

However, it's when we get to the other hand that the more significant threat emerges, according to Cipot. "One of the biggest threats I see is if bad actors leverage the band's popularity for their personal gain," he says, "a threat actor might share a malicious fandom application, luring fans in. Then, after a few weeks, their devices could be used collectively to launch an attack against a third party; essentially, launching a DDoS attack."

OK, so that's a hypothetical scenario, but scenarios are the key to any threat consideration and manipulation "through recruitment and targeted disinformation," says Morgan Wright, chief security advisor at SentinelOne, "using the fan base to achieve the political objectives of an adversarial nation-state," does not seem such an outrageous scenario hypothesis in the context of threats and risk.

Martin Rudd, CTO at Telesoft Technologies, sees this whole phenomenon as being a representation of information warfare today. "Any well-motivated and reasonably well funded tech-savvy group can exert their own influence in todays world," he says, "this happens to be K-pop, able to exert their own techno-political influence."

The decentralization of information and power has led to such groups being able to take advantage by way of "influencing elections, Anonymous mounting DDoS attacks using botnets, to the purity of information warfare," Rudd says. "Were being outplayed," he continues, "they who understand the world and understand how people are getting and digesting data are the ones who are going to win."

K-pop almost defines this threat in that "you have already got people that are ready to listen, its almost pre-canned, you are just dropping the message into an audience that is already ready to listen," Rudd says. And don't forget that Stans, the BTS ARMY, are bonded regardless of race, religion or geographical boundaries. "You dont have to break through bringing them to the cause," Rudd concludes.

This weaponization of cyberspace is not new, as Joe Riggins, a principal security architect at Deep Instinct, reminds us. "What K-pop is doing is bringing it directly upfront and in everyones faces. For the most part, K-pop is using their organized social infrastructure that was initially used to fill stadiums with fans, to now support specific political platforms such as social justice," Riggins says. "Just as Anonymous was a hacktivist platform that had members with specific cyber-hacking skills, 'Stan armies' are deploying the same hacktivist initiatives using social media," he concludes.

Thom Langford, an information security analyst at GigaOm, also points out that this is not a new phenomenon. "In the early days of Anonymous, before they became heavily politicized and overtly active," Langford says, "they recruited regular people (housewives, office workers, students, stay at home dads) to carry out the largest DDoS attack at that time. They had no idea what they were doing was highly illegal and disruptive."

There's no great leap of faith required to see how Stans could be mobilized by bad actors while acting in supposed good faith.

Jamie Akhtar, CEO and co-founder of CyberSmart, told me that the rise of the Stans has undoubtedly expanded both the range of threat actors and the potential effects of cyber-enabled information warfare. "The pertinent question is," he says, "who are the most likely victims?"

Is this something governments should be concerned about, or 'just' a social media problem? "The reality," Akhtar says, "is this affects us all, and so we all have a part to play."As citizens, we must all take responsibility and educate ourselves on misinformation, report content that is inappropriate and be vigilant when it comes to social engineering, Akhtar tells me. "Collectively we need to create herd immunity against information operations both as individuals and as organizations," he says, "institutions must focus on prevention and deterrence by developing effective means of rapidly detecting the start of indicators that lead to information warfare campaigns and respond with rapid action to prevent digital pandemics from causing chaos."

"K-pop Stans, the BTS Army, aren't cyber threats in the normal sense of a malicious act seeking to damage or steal data, or disrupt digital life in general," Kevin Tongs, director of customer success at Flashpoint, says, "they are more the mass mobilization of a unified group of people, using cyber means such as social media, to create influence."

In militaristic terms, he insists, these are information operations and not information warfare. Whatever term you apply, though, there seems little doubting that they are already part of the modern threat landscape.

"The cyber risks posed by masses of people at one time were known as Anonymous, the hacktivist collective," Chris Grove, technology evangelist at Nozomi Networks, says, "prior to that, internet worms caused masses of people to act in coordination, albeit against their knowledge or consent." At the end of the day, he says, organizations are facing a challenge to keep operations up and running, regardless of who is at the other end of the attack, "be that a cocky hacker, criminal extortion gang, K-pop fans, terrorists, or nation-state actors."

"When groups of people work together to commit the crime of attacking computer systems, theyre no longer music fans," Grove says, "they become criminals at that stage." Grove doesn't, however, expect to see K-pop fans participating in Anonymous-style massive DDoS attacks. "I dont feel K-pop fans provide anything new to be feared in cybersecurity space," Grove says, "but their social influence and desire to be political is a different story."

Dusting off the old playbook is a great place to start, according to Daniel Smith, a security researcher at Radware. "We can definitely learn from the past," Smith says, "K-pop fans, just like Anonymous, have been engaging in political hacktivism. They operate in cyberspace by weaponizing social media platforms. At the core, the group will engage in mostly legal and naturally flooding of the oppositions assets or digital presence."

Others will, of course, break off in smaller groups to conduct more aggressive operations such as Denial-of-Service attacks, defacements, or information campaigns based off leaked material. "The best way to prepare for political hacktivism activity," Smith advises, "is to monitor not only the threat landscape but also the social climate."

I'll leave the last words to Morgan Wright, chief security advisor at SentinelOne. "I was a senior advisor in the U.S. State Department Antiterrorism Assistance Program, and a senior SME for the U.S. Department of Justice, leading the development of new information and intelligence sharing systems after 9/11," he says.

When, eventually, hearings were held in Congress, and the 9/11 Commission produced a report, one of the critical findings was a failure of imagination according to Wright. "A multitude of biases and limitations on cognitive ability deceive people into thinking they need to collect large amounts of information in order to make a decision and act," Wright says, "keeping up with the threats is much easier today with the amount of companies and government producing threat intelligence."

What remains harder, of course, is the ability to make a decision based on limited information and act. "How do you mitigate a tsunami?" he asks. "Sometimes taking an option that is good enough trumps waiting for the best option to magically appear," Wright says, concluding, "there is no magic answer on how to do this. It depends on so many factors. Organizations need to use elements of the OODA Loop (Observe-Orient-Decide-Act) to remain adaptive and responsive to ever-changing conditions globally.

Read more:
Meet The New Anonymous100 Million BTS ARMY And K-Pop Stans, A Cyber Threat To Be Reckoned With - Forbes

What can happen in one malicious minute online?

The latest security intelligence report from RiskIQ has the somewhat provocative title of Evil Internet Minute 2020. However, by analyzing its own global intelligence as an attack surface management company, along with third-party research, RiskIQ has put together an interesting overview of what can happen in just 60 malicious seconds online.

The headline numbers, and it really is all about the numbers as you will probably have already guessed, make for sobering reading. In just the single minute, RiskIQ suggests that a staggering 375 new cybersecurity threats will emerge. Primarily, it would appear, as a result of the COVID-19 threat surface, which has seen a surge in attacks that leverage the pandemic in one way or another.

Three new phishing sites will be launched every minute, and 14.6 COVID-related hosts created. When it comes to actual attacks, rather than threats, the numbers drop considerably: in that malicious minute there will be 1.5 attacks on internet-connected computers.

Unfortunately, all of that is enough to see 16,172 records compromised every 60 seconds, according to the RiskIQ analysis.

Not all the statistics from this analysis fit neatly into the single minute container. A mobile app is blacklisted every 3 minutes, an internet-of-things (IoT) device is attacked every 7.5 minutes, a COVID-19 phishing domain is blacklisted every 15 minutes, and a new vulnerability is disclosed every 24 minutes.

Which is all well and good for putting things into some kind of perspective, I guess, but looking at a single minute isn't that useful when considering your security posture. Or is it?

"These stats show threat activity is widespread, but also show the power of threat intelligence in defending the enterprise," RiskIQ CEO, Lou Manousos, said. "More knowledge, greater awareness, and an increased effort to implement necessary security controls make a huge difference in stopping these threat actors in their tracks."

None of which I'll argue with, and if some shocking single-minute numbers prompt a single person to step up their security efforts, then it's a job well done.

View original post here:
60 Seconds In Cybersecurity: Heres What Happens In Just One Malicious Internet Minute - Forbes

Pune, Aug. 24, 2020 (GLOBE NEWSWIRE) -- The global cyber security market value is expected to reach USD 281.74 billion by 2027, from its current standing at USD 112.01 billion. According to the report by Fortune Business Insights, titled Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security and Others), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing, Travel and Transportation, Energy and Utilities and Others) and Region Forecast, 2020-2027 The report also contains an in-depth analysis of the various factors and dynamics that will shape the market during the forecast period.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/cyber-security-market-101165

The COVID-19 pandemic has created economic turmoil across industries and businesses worldwide. Social distancing and lockdowns have crippled economic activities, disrupting global supply chains and causing demand for goods and services to plummet. Governments as well as the private sector entities are taking multiple efforts to alleviate the suffering caused by this pandemic. Only collective strength and unity will help us tide over these hard times. At Fortune Business Insights, we are constantly endeavoring to provide you with comprehensive research on various markets so as to equip your business with the necessary intelligence to emerge victorious on the other side of this crisis.

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Rapidly rising e-commerce activities will be the key driver for the global cyber security market growth during the forecast period. E-commerce giants such as Amazon are fast diversifying their businesses and product offerings and ecosystem of connected devices is getting wider and bigger. For example, in 2017, Amazon reportedly shipped more than 5 billion products globally. According to the OECDs Creditor Reporting System, funds to the tune of USD 6.6 billion were disbursed to promote cross-border electronic connectivity between 2006 and 2016. Thus, as more people shop and transact online, the global cyber security market revenue is set to get fueled in the forecast period.

Growing Adoption of Internet of Things (IoT) to Boost the Market

Cyber security refers to the protection of virtually or digitally stored data and information from external attacks in the form of hacking and phishing. With the exponential increase in use of connected devices, rising smartphone and internet penetration, and growing electronic transactions, there is a pressing need for cyber security solutions all over the world. This need has gotten accentuated with the fast-developing AI and IoT technologies. IoT, for instance, is increasingly being viewed as making critical information vulnerable to cyberattacks and can bring down vital infrastructure such as telecommunications and power. The 2016 Mirai Bot attack exposed the fragility of IoT technology as the malware has been specifically designed to breach the security walls of IoT connected devices. This will aid the expansion of the global cyber security market size in the forecast period.

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Increasing Reliance on Artificial Intelligence (AI) Solutions to Enhance Market Potential

According to a study by Capgemini, 21% of the companies surveyed reported that they experienced security breaches as their businesses grew. The survey also found out that two-third of the companies believe that implementation of AI will strengthen their security infrastructure. AI technologies are expected to be further augmented by advancements in Machine Learning (ML). This bodes well for the global cyber security market as application AI software gains popularity in the private and public sectors.

High Dependency on Connectivity to Fuel the Market in North America

Among regions, North America is expected to hold the largest portion in the global cyber security market share owing to the rise in the number of security breaches in the upper corporate tranches and growing dependency on the internet. Furthermore, development of e-commerce platforms is pushing up the demand for cyber security solutions.

Steadily climbing number of internet users in India will propel the market in Asia-Pacific in the forecast period. Additionally, India is expected to witness rising prevalence of cyberattacks in the near future, which is good news for the global cyber security market.

The primary drivers in the market in Europe are proliferation of information and technology (ICT) in the fields of aerospace and defense along with rising investment in cyber security measures by public and private sectors in the region.

Creation of Innovative Products to Intensify Competition

Major players in the global cyber security market are looking to gain a competitive edge through different innovations. Strategic collaborations among players is also gaining preference.

Industry Developments:

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Fraud Detection and Prevention Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Deployment (On-Premise and Cloud), By Enterprise Size (Large Enterprises and Small and Medium Enterprises), By Application Area (Insurance Claim, Money Laundering), By Vertical (BFSI, IT and Telecommunication, Government, Retail and Consumer packed Goods, Manufacturing, Health and Life Sciences) and Regional Forecast, 2020-2027

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Cyber Security Market to Benefit from Increasing Application of AI and IoT Technologies - GlobeNewswire