Biometric hardware shipments on course to recover to pre-COVID levels
Total worldwide biometric device shipments fell from 4.1 million in 2019 to 3.4 million in 2021 and recovered slightly to 3.6 million in 2022, with global trends impacting usage in banking, financial services and insurance (BFSI) sectors. According to a new report by technology intelligence firm ABI Research, geopolitical and macroeconomic events, including the conflict […]
Technological advances pushing mobile video surveillance growth
The Global Mobile Video Surveillance Market was worth $2.35bn in 2022 and expected to reach $4.25bn by 2028, equivalent to a CAGR of 8.79% over the forecast period. With rising crime rates in both digital and physical worlds, the importance of location and asset surveillance has increased. Mobile video surveillance, which facilitate real-time monitoring and […]
Demand for physical security to hit $209bn
The Global Physical Security market is predicted to grow from $112.67 billion in 2022 to $209.52 billion by 2032, equivalent to a Compound Annual Growth Rate (CAGR) of 6.4% over the period. A new report from Spherical Insights classes physical security as the measures put in place to protect physical assets, such as buildings, equipment, […]
Paying a ransom ‘doubles stolen data recovery costs’
76% of ransomware attacks against organisations resulted in adversaries succeeding in encrypting data – and when a ransom is paid to get data decrypted, victims end up doubling their recovery costs ($750,000 in recovery costs versus $375,000 for organisations that used backups to get data back). That’s according to the latest annual State of Ransomware […]
Research highlights cybersecurity threats to travel and tourism industry
The travel and tourism sector has become a prime focus for cyberattacks in recent times, resulting in ransomware incidents arising from data breaches. Against this backdrop, cybersecurity concerns within the industry have escalated with a 4% year-on-year (YoY) rise in 2022, reflecting the prevailing sentiment, says GlobalData. An analysis of GlobalData’s Company Filings Analytics Database […]
Two-thirds of British manufacturers believe their environment is too difficult to defend from cyber attacks
Blackberry’s Manufacturing Cybersecurity Study has delivered a stark warning that outdated and unsupported legacy operational technologies (OT) are exposing substantial vulnerabilities for UK manufacturers facing escalating threats from nation-state attacks. The survey of 250 manufacturing IT decision makers across the UK revealed that while many (35%) anticipate an elevated risk of cyberattack in 2023, three-quarters […]
Here’s what CISOs will be focused on in 2023/24
Fifty percent of chief information security officers (CISOs) will adopt human centric design to reduce cybersecurity operational friction; large enterprises will focus on implementing zero-trust programs; and half of cybersecurity leaders will have unsuccessfully tried to use cyber risk quantification to drive enterprise decision making. That’s according to the top cybersecurity predictions revealed in the opening […]
Sustainability now a key issue for security industry
Sustainability, Mobile IDs and a changing workforce are among top concerns being reported by security professionals, according to a new study. HID’s State of the Security Industry Report, gathered responses from 2,700 partners, end users, and security and IT personnel across a range of titles and organization sizes representing over 11 industries. Conducted in the […]
AI set for dramatic growth as security applications proliferate
The global artificial intelligence (AI) market is forecast to grow at a compound annual growth rate (CAGR) of 21.4%, from $81.3 billion in 2022 to $383.3 billion in 2030, driven by applications such as facial recognition. GlobalData’s latest thematic report, “Artificial Intelligence,” reveals that the explosion in the volume of sensor data, coupled with the […]
Climate risk digital solutions market will skyrocket to $4 billion
Rising losses from extreme weather are driving a global surge in investment in climate risk digital solutions, according top new research. A new report from leading independent research and advisory firm Verdantix estimates the climate risk digital solutions market will skyrocket to $4 billion by 2027 compared to just $880 million in 2021 with spending […]
