US Government Issues Warning Against Increasing Cyber Crimes

The US Department of Homeland Security and Federal Bureau of Investigation warns the nations against increased cyberattacks to critical US infrastructure since May 2017.

United States: The government bodies of the nation including DHS and FBI have released report illustrating alert warning to the owners of critical infrastructure about rising data breaching events in the nation. As per the report, the hackers engaged in cyber campaign are directing energy, electrical, nuclear power, aviation, water and manufacturing industries of America, since May 2017.

The Russian, Chinese and North Korean Government hackers are continuously trying to penetrate critical US infrastructure using sophisticated cyber tools. Among the most commonly employed techniques, tactics and procedures utilized by hackers to break into industrial control systems are open-source reconnaissance, watering-hole domain, spear-phishing e-mails, etc.

The published report also proposed adoption of best industrial cyber practices such as blocking of Remote Desktop Protocol connections, participation in information sharing programs and many more to avoid loss of classified national data.

TechSci Research depicts that the rising frequency of malicious activities in the nation would increase the demand for efficient and advanced cyber security platforms, so as to safeguard the country’s economic and social status.

Consequently, the increasing investments by the US government entities & industrial organizations towards upgradation of weak and compromised control networks is offering lucrative opportunities in the global cyber security market.

According to the recently published report by TechSci Research, “Global Cyber Security Market, By Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 billion by 2021. Rising trend of Bring Your Own Device (BYOD) coupled with increasing adoption of cloud computing and Internet of Things (IoT) are projected to continue driving the cyber security market across the world over the next five years.

Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted.

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