The world cybersecurity market was valued at USD 139.77 in 2021 and this is projected to grow to USD 376.32 billion by 2029. With organizations collecting vast amounts of customers and users’ sensitive data, the onus is on the organizations to keep this data secure. Cyberattacks usually leads to substantial financial losses as well as the trust of their customers.

1. The Growth of
Cybersecurity
and Online
Privacy Concerns

2. The world cybersecurity market was valued at USD 139.77 in 2021 and this
is projected to grow to USD 376.32 billion by 2029.
Cyberattacks usually leads to substantial financial losses as well as the
trust of their customers.
Let’s look in detail:

3. Cybersecurity refers to protecting or recovering computer systems,
programs or networks from cyber attacks.
Cybersecurity
Cyber attackers are increasingly employing AI and social engineering-
powered methods to evade data security.

4. Sensitive information like bank account or credit card details are also being
saved on cloud storage services like Google Drive and Dropbox.
Importance of Cybersecurity
When this is paired with poor cloud service security, a myriad of potential
security vulnerabilities arises.

5. Cybercriminals are also getting more versatile.
Growth in Cybercrimes
While social engineering with ransomware, spyware and phishing remains
the easiest form of entry, third-party vendors who process your data are
also more prone to cyberattacks, due to poor cybersecurity practices.

6. Read the complete blog for more details:
https://asianetbroadband.in/the-growth-of-cybersecurity-and-online-
privacy-concerns/#more-33891