Internet Security- A Mandatory Digital Trade Tool

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Internet Security- A Mandatory Digital Trade Tool
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The United States Office of Personnel Management
in 2015 was breached by Chinese hackers resulting
in theft of 22 million personnel records of
federal workers. In FY 2016 government agencies
reported 30,889 incidents relevant to information
security. Owing to such breaches and loss of
digital valuables the U.S government is
articulating legislation supporting the
employment of internet security. A classic
example is the coalition between America and
Russia regarding first-ever bilateral agreement
on confidence-building measures in the cyber
domain. Such events highlights the threats and
issues, making people aware and opt for internet
security.
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Global Scenario Demands Implementation of
Internet Security

• Cyber Security Breaches Survey 2017, monitored by
  the government of UK, concluded that an
  exceptional 46 of all businesses acknowledged at
  least one breach or attack in the preceding year.
  The most common types of breaches were fraudulent
  emails (72), followed by viruses and malware
  (33) and ransom ware (17). As a consequence 90
  businesses are vigilant towards internet security
  and employing it for regularly updating their
  software and malware protections and configuring
  firewalls.
• India, an emerging digital economy, ranked 21st
  in the global tally with 6.95 lakh attacks from
  hackers across various countries which prompted
  the government to work on Data Protection Act. In
  2017 IT Ministry of India set up NIC- CERT, an
  institution to monitor, detect and prevent cyber
  attacks on government networks. Such actions by
  federal bodies are acting as prominent drivers of
  the internet security market due to their
  influencing capacities effective the wide range
  of population with direct indications of
  increasing cybercrimes.

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Conclusion
In accordance with the estimations made by
Lloyd's in 2017, global cyber attack might charge
121.4 billion.Intensification in technological
advancement and vigorousadoption of IOT are
leading the growth of internet threats spreading
across many sectors such as banking, financial
and insurance, IT, transportation, defense and
telecommunications. Such threats are esteemed
market drivers. The sheer affluence of internet
security market can be estimated with the fact
that the global cyber-insurance market is worth
between 3 billion and 3.5 billion, and it could
rise to between 8.5 billion and 10 billion by
2020.
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Key Players of the Internet Security Market

• ALWIL software
• Avast
• AVG
• AVIRA and More

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