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Killexams : IBM Security study help - BingNews https://killexams.com/pass4sure/exam-detail/M2150-753 Search results Killexams : IBM Security study help - BingNews https://killexams.com/pass4sure/exam-detail/M2150-753 https://killexams.com/exam_list/IBM Killexams : New IBM Study Finds Cybersecurity Incident Responders Have Strong Sense of Service as Threats Cross Over to Physical World

-      Sense of duty to protect others cited amongst the top reasons 77% of respondents entered Incident Response (IR)

-      Ransomware has exacerbated the psychological demands of IR for 81% of respondents

-      Majority of respondents have sought out mental health assistance due to their experiences responding to cyberattacks

CAMBRIDGE, Mass., Oct 3, 2022 /PRNewswire/ -- IBM Security (NYSE: IBM) today announced the results of a global survey that examines the critical role of cybersecurity incident responders at a time when the physical and digital worlds are increasingly converging. The study, released during National Cybersecurity Awareness Month, found that incident responders surveyed – the frontline responders to cyberattacks – are primarily driven by a strong sense of duty to protect others; a responsibility that's increasingly challenged by the surge of disruptive attacks, from the proliferation of ransomware attacks to the exact rise of wiper malware.

Cybersecurity Awareness Month - IBM Security Sense of Duty

Organizations that are essential to the global economy, supply chains and the movement of goods have become prime targets for disruptive attacks. In 2021 IBM Security X-Force observed cyberattacks against energy companies quadrupling from the year prior, while manufacturers saw more ransomware attacks than any other industry – from food manufacturers to medical devices, cars and steel manufacturers. As cyberattacks threaten essential services to our daily needs, incident responders in these industries are faced with more pressure to defend the digital front line. In fact, 81% of respondents stated that the rise of ransomware has exacerbated the psychological demands associated to cybersecurity incidents.

The global survey of over 1,100 cybersecurity incident responders in 10 markets, conducted by Morning Consult and sponsored by IBM Security, revealed trends, and challenges that incident responders experience due to the nature of their profession. Some key highlights include:

  • A Sense of Service – Over a third of incident responders were attracted to the field by a sense of duty to protect and opportunity to help others and businesses. For nearly 80% of respondents, this was one of the top reasons attracting them to IR.

  • Fighting Multiple Battlefronts – Amid a growing number of cyberattacks in exact years, 68% of incident responders surveyed stated it's common to be assigned to respond to two or more overlapping incidents simultaneously.

  • Impact on Daily Life – The high demands of cybersecurity engagements also affect incident responders' personal lives, with 67% experiencing stress or anxiety in their daily lives. Insomnia, burnout and impact on social life or relationships followed as effects respondents cited. Despite these challenges, the vast majority acknowledged they have a strong support system in place.

"The real-world repercussions that cyberattacks now have are causing public safety concerns and market-stressing risks to grow," said Laurance Dine, Global Lead, IBM Security X-Force Incident Response. "Incident responders are the frontline defenders standing between cyber adversaries causing disruption and the integrity and continuity of critical services. IBM salutes all IR teams  across the cybersecurity community, and the essential role they play in defending the digital front line."

An Uneven Battlefield

In exact years, not only have cyberattacks become more disruptive, but their sheer volume has increased. X-Force saw a nearly 25% rise in cybersecurity incidents its IR team engaged in from 2020 to 2021. Add to that, Check Point Software Technologies research indicates  a 50% increase in overall network attacks per week in 2021 compared to 2020. But as the industry is called to respond to a growing number of cyberattacks, there's only a finite number of security professionals specifically trained and skilled to respond to cybersecurity incidents.

As a result, while many IR teams are forced to take on multiple battlefronts, businesses could be left without the necessary resources to mitigate and recover from cyberattacks. The IBM study found that 68% of incident responders surveyed find it common to simultaneously need to respond to two or more cybersecurity incidents, highlighting a field that is constantly engaged. Amongst U.S. respondents 34% said the average length of an IR engagement was 4-6 weeks, while a quarter cited the first week as often the most stressful or demanding period of the engagement. During this period about a third of respondents work more than 12 hours per day on average.

A Strong Support System in Place

As incident responders take on the pressure and high demands associated with cyber response, the overwhelming majority of respondents acknowledged they have a strong support system in place. Specifically, most respondents feel their leadership has a strong understanding of the activities IR involves, while 95% say it provides the necessary support structure for them to be successful. As well, 84% state they have adequate access to mental health support resources, with many respondents (64%) seeking out mental health assistance due to the demanding nature of responding to cyberattacks.

But businesses can further support incident responders, whether in-house Blue Teams or the external IR teams they engage in the event of a cyber crisis, by prioritizing cyber preparedness and creating plans and playbooks that are customized to their environment and resources. This can help enable a more agile and quick response at the onset of an incident and alleviate an unnecessary layer of pressure across the business.

To that end, situational awareness of their infrastructure is important. Businesses can focus on testing their state of readiness through simulation exercises, not only to get a feel of how their teams will react under attack, but to provide opportunities to correctly integrate multiple teams that are engaged during a cyber incident.

Additional Resources

  • Read the complete findings from IBM Security's Incident Responder study

  • Celebrate and recognize incident responders this Cybersecurity Awareness Month here

  • Read a Security Intelligence blog on incident responders holding the digital frontline

  • To register for IBM Security X-Force's incident response webinar, "Tales from the Digital Frontlines," on Wednesday, October 12 at 1:00 pm ET, sign up here

  • Schedule a consult with IBM Security X-Force

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Contact:
Georgia Prassinos
IBM Security Communications 
gprassinos@ibm.com

IBM Corporation logo. (PRNewsfoto/IBM)

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SOURCE IBM

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Killexams : What is the Cost of a Data Breach? cost of a data breach © Provided by Small Business Trends cost of a data breach

It is critical for small business owners to protect confidential data proactively because the average cost of a data breach is huge. And in a worst-case scenario, data breach incidents can force businesses to be defunct as well. In this post, you will learn – what is the cost of a data breach and what you do to cut down the cost.

Let’s explore:

Where do the Data Breach Reports Come From?

Some companies prepare data breach reports each year to help understand various aspects of data breach incidents.

Here are the top three reputed resources for data breach reports:

  • IBM The Cost of Data Breach Report

Sponsored by IBM Security, The Cost of Data Breach Report features research independently done by Ponemon Institute annually. In this report, the institute studies companies impacted by data breaches worldwide.

  • Verizon Data Breach Investigations Report

Each year, Verizon Data Breach Investigations Report explains data-driven, real-world views on what commonly befalls companies with regard to cybercrime. This data breach study offers many actionable insights to beef up your cybersecurity.

  • ForgeRock Consumer Identity Breach Report

If you want to look at how data breaches affect consumers across various reasons and industries, ForgeRock Consumer Identity Breach Report is the right resource. The report also offers insights into how one can strengthen cybersecurity to stay protected from attacks.

Data Breach Costs Key U.S. Findings

Data breaches often have long-term impacts on businesses. In addition to the cost of loss of data and regulatory fines, data breaches also have indirect costs, including employee turnover, lost revenue, customer turnover, negative search results, etc.

The following are key findings pertinent to data breach cost:

1. This is the average cost of data breaches.

The average global cost of a data breach touched $4.35 million globally in 2022, according to the data breach report from IBM. This is an all-time high, up by 2.6% from the last year.

If you are curious about the average total cost of a breach in the US? The answer is $9.44 million. The average cost of a breach in the US is the highest globally.

2. These are the most costly types of data breaches.

Do you want to know the average cost of a data breach by industry? Look at the following data from the IBM report:

  • Health care industry (10.10 million)
  • Financial industry (5.97 million)
  • Pharmaceuticals ($5.01 million)
  • Technology ($4.97 million)

The healthcare industry has the highest data breach costs, and the public sector has the lowest costs.

3. “Smishing” is one of the biggest emerging data breach threats

Smishing, a type of phishing that relies on text messages to induce users to reveal sensitive data, is emerging as one of the most significant data breach threats.

A Proofpoint report states that smishing attacks doubled in US users in 2021. And data from Federal Trade Commission (FTC) revealed that 378,119 SMS-related fraud reports were filed in 2021.

Double checking messages that create a sense of urgency or fear, avoiding clicking suspicious links, and contacting banks and other authorities directly for account-related issues are some effective ways to protect from smishing attacks.

4. These industries are the main data breach victims.

Here are industries that are the main data breach victims, according to the Verizon Data Breach Investigations Report:

  • Finance
  • Professional
  • Healthcare industry
  • Public administration

5. Why paying the ransom isn’t always a good idea.

After threat actors have encrypted data in a ransomware attack, business owners often consider paying the ransom. In fact, 53% of companies opt to pay for ransom. However, paying money isn’t always a good option. This is because paying threat actors encourages them to target more businesses And there is no ensure that you will get full access to your data after the payment.

Uber paid hackers $100,000 to delete the compromised data but eventually spent $148 million in the final settlement.

6. These top factors contributed the most to data breach costs.

The longer a breach goes undetected, the more time threat actors will have to exfiltrate/encrypt data. So it is no surprise that a shorter data breach lifecycle (time passed between the first detection of the breach and its containment) links with lower data breach costs.

Data breach lifecycle within 200 days related to a global average cost of $3.74 million in 2022. But a data breach lifecycle of more than 200 days is linked with an average cost of $ 4.86 million.

7. This is the cost of a data breach per record.

The average cost of a data breach per record is $164 globally, finds the IBM data breach report. The average data breach per record cost has increased by 1.2% from 2021.

8. Remote work is more susceptible to data breaches.

Having remote workforces increases the costs of data breaches. According to the IBM data breach report, companies having more than 80% remote workforces pay $5.10 million in average data breach costs.

9. This is the average breach lifecycle duration.

According to the IBM report, the average data breach lifecycle duration is 277 days in 2022. In 2021, it took an average of 212 days to identify a breach and 75 days to contain it, making an average data breach lifecycle duration of 287 days. The longer the data breach lifecycle is, the more data breach costs will be.

   

10. Small businesses are heavily impacted when a data breach occurs.

When it comes to data breaches, small businesses are heavily impacted. In fact, 28% of Data Breaches in 2020 involved small businesses, according to 2020 DBIR. An incident of a data breach can result in increased cost of products/services. The IBM report states that 60% of organizations’ breaches cause an increase in prices.

 

11. Want to cut down on the cost of a data breach? Do this.

Implementing security AI and automation, having an incident response team, focusing on risks, and adopting a zero-trust model can cut down on the cost of a data breach.

Here are findings from the IBM report on data breach cost to prove it:

  • Fully deployed security AI and automation reduced average data breach cost by 65%
  • Organizations with incident response capabilities were able to reduce the overall cost of a data breach by 58%
  • Companies focusing on risks, threats, and impacts based on risk qualification techniques experienced a 48% lower average data breach cost
  • Companies that deployed the zero-trust model paid 20% less than the average data breach cost

Conclusion

Now that you know – what is the cost of a data breach? It is time to strengthen your data security to protect customer data or any other kinds of sensitive data from any potential data breach.

Image: Envato Elements

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Killexams : Telos Corporation to Help Enterprises Operationalize Cybersecurity Compliance and Regulatory Risks with IBM Security

Ashburn, Va. – September 15, 2022Telos Corporation (NASDAQ: TLS), a leading provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, is pleased to announce a collaboration with IBM Security as part of IBM’s Active Governance Services (AGS) that allows enterprises to operationalize and automate activities and solve challenges in cybersecurity compliance and regulatory risks.

“The number of global, national and local compliance requirements are increasing, which means enterprises now have massive amounts of security controls to implement, test and report on,” said John B. Wood, Telos CEO and chairman. “Telos and IBM Security are excited to address this issue together by leveraging our combined and extensive expertise in IT risk management and compliance to create efficiency out of chaos and offer effective solutions to the audit fatigue issue.”

AGS helps organizations overcome the challenges and costs associated with regulatory compliance, especially audit fatigue. According to a 2020 study, organizations, on average, must comply with 13 different IT security compliance and privacy regulations, which requires a team of 22 dedicated staff members and results in 58 working days per quarter spent responding to audit evidence requests. Beyond audit fatigue, the study also found that 86% of respondents believed compliance is or will be an issue when moving systems, applications, and infrastructures to the cloud.

The AGS solution, available via IBM Security Services, addresses these challenges by combining IBM’s world-class expertise to plan, design, deploy, operationalize, and accelerate cyber compliance and governance programs, and Telos’ Xacta® IT Risk Management platform that automates the most time-consuming aspects of compliance and audit activities like control selection, validation, reporting, and monitoring.

“Every organization must meet compliance, regulatory, contractual, and privacy obligations – no one is exempt. However, individual organizations have different risk appetites, tolerance levels, missions, and goals,” said Dimple Ahluwalia, VP & global managing partner, IBM. “AGS helps take the guesswork out of managing cybersecurity risk and compliance – all with proven technology, techniques, complete visibility, and ongoing expert support. We are thrilled to be working with Telos on this important challenge that faces today’s enterprises.”

The AGS solution, available via IBM Security Services, utilizes strategic planning, responsive compliance reporting, proactive monitoring and automation, all while leveraging existing tools to create a more ordered approach to IT risk management and compliance. The solution is scalable across hybrid, multi-cloud, and on-premises architectures and systems, bringing much-needed peace of mind to those on the front lines of the cybersecurity battle. The power of automation is on full display with AGS, reducing system compliance time up to 90% faster, the time to generate regulatory documentation by up to 70%, as well as the time to research vulnerabilities by up to 90%.

To learn more about AGS, please visit https://www.telos.com/offerings/ibm-active-governance-services-xacta.

Forward-Looking Statements

This press release contains forward-looking statements which are made under the safe harbor provisions of the federal securities laws. These statements are based on the Company’s management’s current beliefs, expectations and assumptions about future events, conditions and results and on information currently available to them. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company believes that these risks and uncertainties include, but are not limited to, those described under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth from time to time in the Company’s filings and reports with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2021, as well as future filings and reports by the Company, copies of which are available at https://investors.telos.com and on the SEC’s website at www.sec.gov.

Although the Company bases these forward-looking statements on assumptions that the Company’s management believes are reasonable when made, they caution the reader that forward-looking statements are not guarantees of future performance and that the Company’s actual results of operations, financial condition and liquidity, and industry developments, may differ materially from statements made in or suggested by the forward-looking statements contained in this release. Given these risks, uncertainties and other factors, many of which are beyond its control, the Company cautions the reader not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date of such statement and, except as required by law, the Company undertakes no obligation to update any forward-looking statement publicly, or to revise any forward-looking statement to reflect events or developments occurring after the date of the statement, even if new information becomes available in the future. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.

About Telos Corporation

Telos Corporation (NASDAQ: TLS) empowers and protects the world’s most security-conscious organizations with solutions for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions for IT risk management and information security; cloud security solutions to protect cloud-based assets and enable continuous compliance with industry and government security standards; and enterprise security solutions for identity and access management, secure mobility, organizational messaging, and network management and defense. The Company serves commercial enterprises, regulated industries and government customers around the world.

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Killexams : IBM Partners with 20 HBCUs to Address Cybersecurity Talent Shortages

During the National HBCU Week Conference convened by the U.S. Department of Education and the White House, IBM announced its collaboration with 20 Historically Black College and Universities (HBCUs) to help them establish Cybersecurity Leadership Centers.

With 500,000 unfilled cybersecurity jobs in the U.S., the need for expertise is critical: According to a exact IBM Security study, insufficiently staffed organizations average $550,000 more in breach costs than those that state they are sufficiently staffed.

"Collaborations between academia and the private sector can help students prepare for success. That's especially true for HBCUs because their mission is so vital," said Justina Nixon-Saintil, vice president, IBM corporate social responsibility and ESG. "The Cybersecurity Leadership Centers we're co-creating with Historically Black College and Universities epitomize our commitment to the Black community and STEM education; it also builds on our pledge to train 150,000 people in cybersecurity over three years."

IBM will collaborate with the following 20 HBCUs across 11 states to co-create Cybersecurity Leadership Centers, helping to create talent for employers and opportunities for students. (Six of these collaborations were previously announced in May*):

  • Alabama – Alabama A&M University, Talladega College, Tuskegee University
  • Florida – Edward Waters University, Florida A&M University
  • Georgia – Albany State University, Clark Atlanta University*
  • Louisiana – Grambling State University, Southern University System*, Xavier University of LA*
  • Maryland – Bowie State University, Morgan State University*
  • Mississippi – Alcorn State University
  • North Carolina – North Carolina A&T State University*, North Carolina Central University
  • South Carolina – South Carolina State University*, Voorhees University
  • Texas – Texas Southern University
  • Virginia – Norfolk State University
  • West Virginia – West Virginia State University

Through IBM's collaboration, faculty and students at participating schools will have access to coursework, lectures, immersive training experiences, certifications, IBM Cloud-hosted software, and professional development resources, all at no cost to them.

This includes access to:

  • Cybersecurity curricula: IBM will develop for each participating HBCU, a customized IBM Security Learning Academy portal—an IBM client offering —including courses designed to help the university enhance its cybersecurity education portfolio. In addition, IBM will continue to provide access to IBM SkillsBuild.
  • Immersive learning experience: Faculty and students of participating HBCUs will have an opportunity to benefit from IBM Security's Command Center, through which they can experience a highly realistic, simulated cyberattack, designed to prepare them and train them on response techniques. Moreover, HBCUs' faculty will have access to consultation sessions with IBM technical personnel on cybersecurity.
  • Software: Multiple IBM Security premier enterprise security products hosted in the IBM Cloud
  • Professional development: Forums to exchange best practices, learn from IBM experts, and discover IBM internships and job openings

As part of the company's Corporate Social Responsibility efforts, IBM's education portfolio takes a personalized, diverse, and deep approach to STEM career readiness.

IBM's pro bono programs range from education and support for teens at public schools and universities, to career readiness resources for aspiring professionals and job seekers. IBM believes that education is best achieved through the collaboration of the public, private, and not-for-profit sectors.

For more information about this news, visit www.ibm.com.


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Killexams : IBM Teams With 20 Historically Black Colleges and Universities to Address Cybersecurity Talent Shortage

HBCUs will work with IBM to establish Cybersecurity Leadership Centers, giving students and faculty access to IBM training, software, and certifications at no cost.

WASHINGTON, Sept. 21, 2022 /PRNewswire/ -- During the National HBCU Week Conference convened by the U.S. Department of Education and the White House, IBM (NYSE: IBM) announced its collaboration with 20 Historically Black College and Universities (HBCUs) to help them establish Cybersecurity Leadership Centers.

IBM Corporation logo. (PRNewsfoto/IBM)

With 500,000 unfilled cybersecurity jobs in the U.S., the need for expertise is critical: According to a exact IBM Security study, insufficiently staffed organizations average $550,000 more in breach costs than those that state they are sufficiently staffed.**

"Collaborations between academia and the private sector can help students prepare for success. That's especially true for HBCUs because their mission is so vital," said Justina Nixon-Saintil, Vice President, IBM Corporate Social Responsibility and ESG. "The Cybersecurity Leadership Centers we're co-creating with Historically Black College and Universities epitomize our commitment to the Black community and STEM education; it also builds on our pledge to train 150,000 people in cybersecurity over three years."

IBM will collaborate with the following 20 HBCUs across 11 states to co-create Cybersecurity Leadership Centers, helping to create talent for employers and opportunities for students. (Six of these collaborations were previously announced in May*)

  • AlabamaAlabama A&M University, Talladega College, Tuskegee University
  • Florida– Edward Waters University, Florida A&M University
  • GeorgiaAlbany State University, Clark Atlanta University*
  • LouisianaGrambling State University, Southern University System*, Xavier University of LA*
  • MarylandBowie State University, Morgan State University*
  • MississippiAlcorn State University
  • North CarolinaNorth Carolina A&T State University*, North Carolina Central University
  • South Carolina South Carolina State University*, Voorhees University
  • TexasTexas Southern University
  • VirginiaNorfolk State University
  • West Virginia– West Virginia State University

Through IBM's collaboration, faculty and students at participating schools will have access to coursework, lectures, immersive training experiences, certifications, IBM Cloud-hosted software, and professional development resources, all at no cost to them. This includes access to:

  • Cybersecurity curricula: IBM will develop for each participating HBCU, a customized IBM Security Learning Academy portal – an IBM client offering – including courses designed to help the university enhance its cybersecurity education portfolio. In addition, IBM will continue to provide access to IBM SkillsBuild.
  • Immersive learning experience: Faculty and students of participating HBCUs will have an opportunity to benefit from IBM Security's Command Center, through which they can experience a highly realistic, simulated cyberattack, designed to prepare them and train them on response techniques. Moreover, HBCUs' faculty will have access to consultation sessions with IBM technical personnel on cybersecurity.
  • Software: Multiple IBM Security premier enterprise security products hosted in the IBM  Cloud
  • Professional development: Forums to exchange best practices, learn from IBM experts, and discover IBM internships and job openings

About IBM Education

As part of the company's Corporate Social Responsibility efforts, IBM's education portfolio takes a personalized, diverse, and deep approach to STEM career readiness. IBM's pro bono programs range from education and support for teens at public schools and universities, to career readiness resources for aspiring professionals and job seekers. IBM believes that education is best achieved through the collaboration of the public, private, and not-for-profit sectors.

IBM SkillsBuild is a free education program focused on underrepresented communities, that helps adult learners, and high school and university students and faculty, develop valuable new skills and access career opportunities. The program includes an online platform that is complemented by customized practical learning experiences delivered in collaboration with a global network of partners. The online platform offers over 1,000 courses in 19 languages on cybersecurity, data analysis, cloud computing and many other technical disciplines — as well as in workplace skills such as Design Thinking. Most important, participants can earn IBM-branded digital credentials that are recognized by the market. The customized practical learning experiences could include project-based learning, expert conversations with IBM volunteers, mentors, premium content, specialized support, connection with career opportunities, access to IBM software, among others. As of February 2022, IBM SkillsBuild operates in 159 counties and is supporting 1.72M learners since its launch.

About IBM Security

IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Announced in May 2022
** Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored & analyzed by IBM

Media Contact:

Ari Fishkind
IBM Media Relations
fishkind@us.ibm.com

 

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Killexams : Cyber Security in BFSI Market : An Exclusive Study On Upcoming Trends And Growth Opportunities from 2022-2028

The MarketWatch News Department was not involved in the creation of this content.

Oct 10, 2022 (The Expresswire) -- Cyber Security in BFSI Market explore investment in Market. It classify how companies deploying these technologies across various industry verticals aim to explore its future to become a major business disrupter. The Cyber Security in BFSI study eludes very useful reviews and strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile and strategies. The study includes market share analysis and profiles of players such as Trend Micro, Symantec Corporation, CSC Computer Sciences Limited, BAE Systems., Booz Allen Hamilton, IBM Corporation, The 41st Parameter, FireEye, Check Point Software Technologies, Skybox Security

Market Analysis and Insights: Global Cyber Security in BFSI Market

Cyber Security in BFSI are series security software and services used to protect cyber security in BFSI industry.

The global Cyber Security in BFSI market size is projected to reach USD milpon by 2028, from USD milpon in 2021, at a CAGR of % during 2022-2028.

Increase in risk of data loss as the customer preferences shifted towards digital platforms drive the market. In addition, rise in adoption of cloud-based security solutions, stringent government regulations, and increased use of mobile devices propel the growth of the market.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilpant attempt to unveil key opportunities available in the global Cyber Security in BFSI market to help players in achieving a strong market position. Buyers of the report can access Verified and repable market forecasts, including those for the overall size of the global Cyber Security in BFSI market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cyber Security in BFSI market. All of the findings, data, and information provided in the report are vapdated and revapdated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cyber Security in BFSI market.

Global Cyber Security in BFSI Scope and Market Size

Cyber Security in BFSI market is segmented by players, region (country), by Type and by Apppcation. Players, stakeholders, and other participants in the global Cyber Security in BFSI market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Apppcation for the period 2017-2028.

Get a demo PDF of report @ https://www.360marketupdates.com/enquiry/request-sample/21282243

This study also covers company profiling, specifications and product picture, sales, market share and contact information of various regional, international and local vendors of Cyber Security in BFSI Market. The market proposition is frequently developing ahead with the rise in scientific innovation and MandA activities in the industry. Additionally, many local and regional vendors are offering specific application products for varied end-users. The new merchant applicants in the market are finding it hard to compete with the international vendors based on reliability, quality and modernism in technology.

Market split by Type, can be divided into: -

● On-Premises ● Cloud-Based ● Hybrid Models

Market split by Application, can be divided into: -

● Banking ● Insurance Companies ● Other Financial Institutions

Major Key Players of the Market:

● Trend Micro ● Symantec Corporation ● CSC Computer Sciences Limited ● BAE Systems. ● Booz Allen Hamilton ● IBM Corporation ● The 41st Parameter ● FireEye ● Check Point Software Technologies ● Skybox Security

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Market segment by Region/Country including: -

-North America (United States, Canada and Mexico) -Europe (Germany, UK, France, Italy, Russia and Spain etc.) -Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) -South America (Brazil, Argentina and Colombia etc.) -Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)

FIVE FORCES and PESTLE ANALYSIS:

In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry. Political (Political policy and stability as well as trade, fiscal and taxation policies) Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates) Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles) Technological (Changes in digital or mobile technology, automation, research and development) Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions) Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)

Key takeaways from the Cyber Security in BFSI market report:

1. Detailed considerate of Cyber Security in BFSI market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets. 2. Comprehensive valuation of all prospects and threat in the – In depth study of industry strategies for growth of the Cyber Security in BFSI market-leading players. 3. Cyber Security in BFSI market latest innovations and major procedures. 4. Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market. 5. Conclusive study about the growth conspiracy of Cyber Security in BFSI market for forthcoming years.

Table of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Cyber Security in BFSI Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
1.2.2 On-Premises
1.2.3 Cloud-Based
1.2.4 Hybrid Models
1.3 Market by Application
1.3.1 Global Cyber Security in BFSI Market Share by Application: 2017 VS 2021 VS 2028
1.3.2 Banking
1.3.3 Insurance Companies
1.3.4 Other Financial Institutions
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global Cyber Security in BFSI Market Perspective (2017-2028)
2.2 Cyber Security in BFSI Growth Trends by Region
2.2.1 Cyber Security in BFSI Market Size by Region: 2017 VS 2021 VS 2028
2.2.2 Cyber Security in BFSI Historic Market Size by Region (2017-2022)
2.2.3 Cyber Security in BFSI Forecasted Market Size by Region (2023-2028)
2.3 Cyber Security in BFSI Market Dynamics
2.3.1 Cyber Security in BFSI Industry Trends
2.3.2 Cyber Security in BFSI Market Drivers
2.3.3 Cyber Security in BFSI Market Challenges
2.3.4 Cyber Security in BFSI Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Cyber Security in BFSI Players by Revenue
3.1.1 Global Top Cyber Security in BFSI Players by Revenue (2017-2022)
3.1.2 Global Cyber Security in BFSI Revenue Market Share by Players (2017-2022)
3.2 Global Cyber Security in BFSI Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Cyber Security in BFSI Revenue
3.4 Global Cyber Security in BFSI Market Concentration Ratio
3.4.1 Global Cyber Security in BFSI Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Cyber Security in BFSI Revenue in 2021
3.5 Cyber Security in BFSI Key Players Head office and Area Served
3.6 Key Players Cyber Security in BFSI Product Solution and Service
3.7 Date of Enter into Cyber Security in BFSI Market
3.8 Mergers and Acquisitions, Expansion Plans
4 Cyber Security in BFSI Breakdown Data by Type
4.1 Global Cyber Security in BFSI Historic Market Size by Type (2017-2022)
4.2 Global Cyber Security in BFSI Forecasted Market Size by Type (2023-2028)
5 Cyber Security in BFSI Breakdown Data by Application
5.1 Global Cyber Security in BFSI Historic Market Size by Application (2017-2022)
5.2 Global Cyber Security in BFSI Forecasted Market Size by Application (2023-2028)
6 North America
6.1 North America Cyber Security in BFSI Market Size (2017-2028)
6.2 North America Cyber Security in BFSI Market Size by Country (2017-2022)
6.3 North America Cyber Security in BFSI Market Size by Country (2023-2028)
6.4 United States
6.5 Canada
7 Europe
7.1 Europe Cyber Security in BFSI Market Size (2017-2028)
7.2 Europe Cyber Security in BFSI Market Size by Country (2017-2022)
7.3 Europe Cyber Security in BFSI Market Size by Country (2023-2028)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Cyber Security in BFSI Market Size (2017-2028)
8.2 Asia-Pacific Cyber Security in BFSI Market Size by Country (2017-2022)
8.3 Asia-Pacific Cyber Security in BFSI Market Size by Country (2023-2028)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
9 Latin America
9.1 Latin America Cyber Security in BFSI Market Size (2017-2028)
9.2 Latin America Cyber Security in BFSI Market Size by Country (2017-2022)
9.3 Latin America Cyber Security in BFSI Market Size by Country (2023-2028)
9.4 Mexico
9.5 Brazil
10 Middle East and Africa
10.1 Middle East and Africa Cyber Security in BFSI Market Size (2017-2028)
10.2 Middle East and Africa Cyber Security in BFSI Market Size by Country (2017-2022)
10.3 Middle East and Africa Cyber Security in BFSI Market Size by Country (2023-2028)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
11 Key Players Profiles
11.1 Trend Micro
11.1.1 Trend Micro Company Detail
11.1.2 Trend Micro Business Overview
11.1.3 Trend Micro Cyber Security in BFSI Introduction
11.1.4 Trend Micro Revenue in Cyber Security in BFSI Business (2017-2022)
11.1.5 Trend Micro exact Development
11.2 Symantec Corporation
11.2.1 Symantec Corporation Company Detail
11.2.2 Symantec Corporation Business Overview
11.2.3 Symantec Corporation Cyber Security in BFSI Introduction
11.2.4 Symantec Corporation Revenue in Cyber Security in BFSI Business (2017-2022)
11.2.5 Symantec Corporation exact Development
11.3 CSC Computer Sciences Limited
11.3.1 CSC Computer Sciences Limited Company Detail
11.3.2 CSC Computer Sciences Limited Business Overview
11.3.3 CSC Computer Sciences Limited Cyber Security in BFSI Introduction
11.3.4 CSC Computer Sciences Limited Revenue in Cyber Security in BFSI Business (2017-2022)
11.3.5 CSC Computer Sciences Limited exact Development
11.4 BAE Systems.
11.4.1 BAE Systems. Company Detail
11.4.2 BAE Systems. Business Overview
11.4.3 BAE Systems. Cyber Security in BFSI Introduction
11.4.4 BAE Systems. Revenue in Cyber Security in BFSI Business (2017-2022)
11.4.5 BAE Systems. exact Development
11.5 Booz Allen Hamilton
11.5.1 Booz Allen Hamilton Company Detail
11.5.2 Booz Allen Hamilton Business Overview
11.5.3 Booz Allen Hamilton Cyber Security in BFSI Introduction
11.5.4 Booz Allen Hamilton Revenue in Cyber Security in BFSI Business (2017-2022)
11.5.5 Booz Allen Hamilton exact Development
11.6 IBM Corporation
11.6.1 IBM Corporation Company Detail
11.6.2 IBM Corporation Business Overview
11.6.3 IBM Corporation Cyber Security in BFSI Introduction
11.6.4 IBM Corporation Revenue in Cyber Security in BFSI Business (2017-2022)
11.6.5 IBM Corporation exact Development
11.7 The 41st Parameter
11.7.1 The 41st Parameter Company Detail
11.7.2 The 41st Parameter Business Overview
11.7.3 The 41st Parameter Cyber Security in BFSI Introduction
11.7.4 The 41st Parameter Revenue in Cyber Security in BFSI Business (2017-2022)
11.7.5 The 41st Parameter exact Development
11.8 FireEye
11.8.1 FireEye Company Detail
11.8.2 FireEye Business Overview
11.8.3 FireEye Cyber Security in BFSI Introduction
11.8.4 FireEye Revenue in Cyber Security in BFSI Business (2017-2022)
11.8.5 FireEye exact Development
11.9 Check Point Software Technologies
11.9.1 Check Point Software Technologies Company Detail
11.9.2 Check Point Software Technologies Business Overview
11.9.3 Check Point Software Technologies Cyber Security in BFSI Introduction
11.9.4 Check Point Software Technologies Revenue in Cyber Security in BFSI Business (2017-2022)
11.9.5 Check Point Software Technologies exact Development
11.10 Skybox Security
11.10.1 Skybox Security Company Detail
11.10.2 Skybox Security Business Overview
11.10.3 Skybox Security Cyber Security in BFSI Introduction
11.10.4 Skybox Security Revenue in Cyber Security in BFSI Business (2017-2022)
11.10.5 Skybox Security exact Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

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Sun, 09 Oct 2022 17:21:00 -0500 en-US text/html https://www.marketwatch.com/press-release/cyber-security-in-bfsi-market-an-exclusive-study-on-upcoming-trends-and-growth-opportunities-from-2022-2028-2022-10-10
Killexams : New IBM Study Finds Cybersecurity Incident Responders Have Strong Sense of Service as Threats Cross Over to Physical World

-      Sense of duty to protect others cited amongst the top reasons 77% of respondents entered Incident Response (IR)

-      Ransomware has exacerbated the psychological demands of IR for 81% of respondents

-      Majority of respondents have sought out mental health assistance due to their experiences responding to cyberattacks

CAMBRIDGE, Mass., Oct 3, 2022 /PRNewswire/ -- IBM Security (NYSE: IBM) today announced the results of a global survey that examines the critical role of cybersecurity incident responders at a time when the physical and digital worlds are increasingly converging. The study, released during National Cybersecurity Awareness Month, found that incident responders surveyed – the frontline responders to cyberattacks – are primarily driven by a strong sense of duty to protect others; a responsibility that's increasingly challenged by the surge of disruptive attacks, from the proliferation of ransomware attacks to the exact rise of wiper malware.

Cybersecurity Awareness Month - IBM Security Sense of Duty

Organizations that are essential to the global economy, supply chains and the movement of goods have become prime targets for disruptive attacks. In 2021 IBM Security X-Force observed cyberattacks against energy companies quadrupling from the year prior, while manufacturers saw more ransomware attacks than any other industry – from food manufacturers to medical devices, cars and steel manufacturers. As cyberattacks threaten essential services to our daily needs, incident responders in these industries are faced with more pressure to defend the digital front line. In fact, 81% of respondents stated that the rise of ransomware has exacerbated the psychological demands associated to cybersecurity incidents.

The global survey of over 1,100 cybersecurity incident responders in 10 markets, conducted by Morning Consult and sponsored by IBM Security, revealed trends, and challenges that incident responders experience due to the nature of their profession. Some key highlights include:

  • A Sense of Service – Over a third of incident responders were attracted to the field by a sense of duty to protect and opportunity to help others and businesses. For nearly 80% of respondents, this was one of the top reasons attracting them to IR.

  • Fighting Multiple Battlefronts – Amid a growing number of cyberattacks in exact years, 68% of incident responders surveyed stated it's common to be assigned to respond to two or more overlapping incidents simultaneously.

  • Impact on Daily Life – The high demands of cybersecurity engagements also affect incident responders' personal lives, with 67% experiencing stress or anxiety in their daily lives. Insomnia, burnout and impact on social life or relationships followed as effects respondents cited. Despite these challenges, the vast majority acknowledged they have a strong support system in place.

"The real-world repercussions that cyberattacks now have are causing public safety concerns and market-stressing risks to grow," said Laurance Dine, Global Lead, IBM Security X-Force Incident Response. "Incident responders are the frontline defenders standing between cyber adversaries causing disruption and the integrity and continuity of critical services. IBM salutes all IR teams  across the cybersecurity community, and the essential role they play in defending the digital front line."

An Uneven Battlefield

In exact years, not only have cyberattacks become more disruptive, but their sheer volume has increased. X-Force saw a nearly 25% rise in cybersecurity incidents its IR team engaged in from 2020 to 2021. Add to that, Check Point Software Technologies research indicates  a 50% increase in overall network attacks per week in 2021 compared to 2020. But as the industry is called to respond to a growing number of cyberattacks, there's only a finite number of security professionals specifically trained and skilled to respond to cybersecurity incidents.

As a result, while many IR teams are forced to take on multiple battlefronts, businesses could be left without the necessary resources to mitigate and recover from cyberattacks. The IBM study found that 68% of incident responders surveyed find it common to simultaneously need to respond to two or more cybersecurity incidents, highlighting a field that is constantly engaged. Amongst U.S. respondents 34% said the average length of an IR engagement was 4-6 weeks, while a quarter cited the first week as often the most stressful or demanding period of the engagement. During this period about a third of respondents work more than 12 hours per day on average.

A Strong Support System in Place

As incident responders take on the pressure and high demands associated with cyber response, the overwhelming majority of respondents acknowledged they have a strong support system in place. Specifically, most respondents feel their leadership has a strong understanding of the activities IR involves, while 95% say it provides the necessary support structure for them to be successful. As well, 84% state they have adequate access to mental health support resources, with many respondents (64%) seeking out mental health assistance due to the demanding nature of responding to cyberattacks.

But businesses can further support incident responders, whether in-house Blue Teams or the external IR teams they engage in the event of a cyber crisis, by prioritizing cyber preparedness and creating plans and playbooks that are customized to their environment and resources. This can help enable a more agile and quick response at the onset of an incident and alleviate an unnecessary layer of pressure across the business.

To that end, situational awareness of their infrastructure is important. Businesses can focus on testing their state of readiness through simulation exercises, not only to get a feel of how their teams will react under attack, but to provide opportunities to correctly integrate multiple teams that are engaged during a cyber incident.

Additional Resources

  • Read the complete findings from IBM Security's Incident Responder study

  • Celebrate and recognize incident responders this Cybersecurity Awareness Month here

  • Read a Security Intelligence blog on incident responders holding the digital frontline

  • To register for IBM Security X-Force's incident response webinar, "Tales from the Digital Frontlines," on Wednesday, October 12 at 1:00 pm ET, sign up here

  • Schedule a consult with IBM Security X-Force

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Contact:
Georgia Prassinos
IBM Security Communications 
gprassinos@ibm.com

IBM Corporation logo. (PRNewsfoto/IBM)

Cision

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SOURCE IBM

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