The Rise of Cyber-Crime and the Need for Security
Recent years have seen strong growth in the cybersecurity market, which is expected to continue booming. Now worth about $122.45 billion, cybersecurity is expected to increase about 10% a year through 2021, according to a recent study by MarketsandMarkets. The growth of the industry is driven by a wide array of existing segments that have grown to touch more and more parts of our lives, as well as by completely novel security needs that arise in changing market conditions. This great diversity within the cybersecurity sector yields a field whose products and services range from authenticating users with facial recognition to evaluating the likelihood that a known vulnerability might be exploited. This is frequently reflected in the breadth of cybersecurity investors’ portfolios, including OurCrowd’s. For example, Fireblade relies on behavioral patterns to identify malicious or unwanted users on web applications. BioCatch offers a similar behavioral-based solution to identify users based on their physical interaction with devices. Companies like Argus make sure that cars, increasingly connected to the internet, are inaccessible to bad actors. Kenna, helps security teams prioritize their response to the vast amounts...
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