The cyber security budget has increased in the last two quarters in a massive way due to new internet of things threat in the cyber space. A research says that in 2015, investments in cyber security, increased by 78% and valued $228 million. It is suspected that it might reach $400 million at the end of 2016. But why such huge investment? The answer remains in our day to day life schedule. From residential information to car insurance details, every part of our life and economy is data driven and highly networked in cyber space. Earlier the hackers have a mentality to breach the confidentiality in the social space or E wallet arena. But now they are targeting more mainstream and essential services. This breaching of firewall could harm us in the daily life situation. So to protect this condition, huge investments are mandatory which will lead generating more revenue for security startups.
To read, follow: http://readwrite.com/2016/05/19/cybersecurity-investment-iot-sl4/