Cybersecurity Market To Reach $478B by 2030
Despite recent talk of a tech slowdown that reaches cyber, Allied Market Research reported that the market is poised to grow to $478.68B by 2030, with a 9.5% annual growth rate.
The data predicting the cybersecurity market’s growth was taken from Allied Market Research’s “Cyber Security Market by Component, Solution, Deployment Model, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030”.
Australian Telcos Required to Report on Cybersecurity Measures
Australian Home Affairs Minister announces telecommunications companies are required to report on their cybersecurity measures and disclose details when they are attacked with ransomware.
The Australian Home Affairs Minister credited the action being taken with ensuring companies meet cyber standards and preventing consumer data leaks, such as the 2022 Optus hack.
Chinese Nation-State Hacking Groups Target 24 Cambodian Organizations
Palo Alto Networks’ Unit 42 researchers revealed in a report that two Chinese nation-state hacking groups are targeting 24 Cambodian government organizations.
The geopolitically-fueled cyber attack campaign infiltrates organizations using fraudulent links, disguising themselves as legitimate network traffic. Targeted Cambodian government groups include defense, election, human rights, treasury, finance, commerce, natural resources, and telco bodies.
