Skip to main content

Digital Trust is a Valuable Commercial Asset in 2017

As more commercial transaction infrastructure moves online, so do the criminals that seek to destroy or defraud that same business resource. Cyber crime is a growing threat to corporations across the globe, who are increasingly using digital commerce methods to operate their enterprise.

With the advent of the mobile internet and an expected 46 trillion connected devices in use by 2021, the growing concern about cyber criminal activity will become commonplace. Therefore, demand for enterprise IT security solutions have increased rapidly, and requests for employee training programs.

Put simply, Digital Trust is a valuable commercial asset that CEOs and their CIOs must protect. That's why more executive leadership teams are being asked to describe their ongoing security plans to the board of directors of public companies.

Enterprise Security Market Development

According to the latest worldwide market study by Juniper Research, criminal data breaches will cost businesses a total of $8 trillion over the next 5 years, due to higher levels of Internet connectivity and inadequate enterprise wide security.

The Juniper analysts forecast that the number of personal data records stolen by cyber criminals will reach 2.8 billion in 2017 -- that's almost doubling to 5 billion in 2020, despite new and innovative cyber security solutions emerging.

Juniper study findings highlight cyber security problems becoming particularly acute when businesses integrate new and old systems, without regard to overall IT data center network security.


According to the Juniper assessment, small and medium enterprises (SMEs) are particularly at risk from cyber attacks, reportedly spending less than $4,000 on cyber security measures this year.

Only marginal increases in security spend are expected over the next 5 years. These smaller firms also tend to use older Microsoft Windows software, which WannaCry and other recent cyber attacks have exploited.

The research highlights a need for companies to put more money into cyber security services and enterprise computing system upkeep, which should be treated as a vital element of workplace safety.

Outlook for IT Security Solutions Upside

"The attacks on hospital infrastructure show that inadequate cyber security can now cost lives as well as money," said James Moar, analyst at Juniper Research. "Businesses of all sizes need to find the time and budget to upgrade and secure their systems, or lose the ability to perform their jobs safely, or at all."

Juniper's threat analysis shows that ransomware is becoming a far more advanced form of malware, as ransoming stored data and devices becomes easier and more valuable than stealing financial details.

Juniper expects ransomware to rapidly develop into simple-to-use tool kits, the same way Banking Trojans developed into products that required little or no programming knowledge to deploy.

Popular posts from this blog

Mobility-as-a-Service Creates Disruptive Travel Options

Building on significant advances in big data, analytics, and the Internet of Things (IoT), more innovative transit service offerings aim to increase public transport ridership and reduce emissions or congestion within metropolitan areas. By providing these services through smartphone apps, the transit services also significantly increase user convenience, providing information on different human mobility offerings -- including public transport, ridesharing, and autonomous vehicles. Mobility-as-a-Service Market Development According to the latest market study by Juniper Research, Mobility-as-a-Service (MaaS) subscribers will generate $53 billion in revenue for MaaS platform providers by 2027 -- that's rising from $5.3 billion in 2021. Let's start with a basic definition. MaaS is the provision of multi-modal end-to-end travel services through single platforms, by which users can determine an optimal route and price. The study identified a monthly subscription model as key to incr

Robocall Mitigation Solutions to Halt Criminal Threats

If you answer the phone and hear a recorded message instead of a live person, it's likely a robocall. A robocall is a phone call that uses a computerized autodialer to deliver a pre-recorded message. In 2020, the U.S. Federal Trade Commission (FTC) received 2.8 million consumer complaints about robocalls. Offering solutions to robocalling and associated fraudulent business practices, computerized mitigation platforms are an integral part of the solution. Platforms that are focused on actionable systems to disrupt unsolicited and potentially criminal phone calls help telecom service providers and industry regulators. Issues of whether one-size-fits-all developments are sufficient to be effective across the spectrum need to be addressed, and whether a single telecom network operator working unilaterally with a third-party platform could compromise desired or mandatory industry-wide standards. Robocall Mitigation Market Development According to the latest worldwide market study by Jun

Secure Digital Workspace Apps Enable the Future Enterprise

In early 2020, as the world responded to the COVID-19 pandemic disruption, many organizations were forced to rapidly transform their communications networks and IT infrastructure to support an unprecedented shift to remote work. Before the pandemic, approximately 38 percent of employees were remote full-time or had a flexible work arrangement where they split time between home and office locations. During the pandemic, the percentage of remote workers that CIOs had to support reached almost 72 percent. Future Enterprise Technology Market Development Enterprise leaders have been forced to adapt to a new state, shifting from traditional office-based operations to distributed workforce environments that must still provide the same level of connectivity, security, and efficiency across the organization. According to the latest worldwide market study by International Data Corporation (IDC), addressing connectivity across geographies and transforming networks to become more virtual and agile