White House reports 77,000 cyber attacks in 2015
It defines these incidents as "a violation or imminent threat of violation of computer security policies, acceptable use policies, or standard computer security practices."
This comes after a report released in January on the cyber security market had projected 12.13% growth between 2016 and 2020.
The government, public utilities, and enterprises are dependent on internet, wireless, and cloud-based services.
With this dependency, cyber attacks have shown exponential increase in the past few years and organizations are in dire need of solutions which could help them identify, protect, and respond to these threats.
As a result, the total market for cyber security is expected to grow from $106.32 billion in 2015 to $170.21 billion by 2020.
President Barack Obama recently asked Congress for $19 billion for cyber security funding across the government in his annual budget request. This comes after the Office of Personnel Management was the victim of a hack that began in 2014 and was only discovered last year.
According to a report on cyber security, there has been an unprecedented rise in these advanced persistent threats (APTs).
government launched an initiative to boost security in response to this, encouraging the adoption of multiple-factor authentication and other security solutions. ■