Symantec Claims CIA Responsible For Cyber Attacks Boosting The Global Cyber Security Market


Jul-2018 | Extense Research | Technology

Security researcher company Symantec Corp revealed some new details on the cyber attacks that were conducted in the past all around the world. According to the company’s study that is based on Wikileaks, most of the cyber attacks were done by using a special hacking tool. This means that Symantec Corp is holding Central Intelligence Agency responsible for most of the attacks that occurred in the U.S. in the past. Even though this may sound a bit crazy, this situation has indirectly boosted the global cyber security market. Let us have a look at the factors that has an effect on the global cyber security market.

The rising incidence of cyber attacks, cyber crimes, as well as identity theft is the main reason that is responsible for the up surge of the global cyber security market. In addition to this, the rising demand from the IT sector is also one of the main reasons that are responsible for the development of the global cyber security market. Strict government rules are also playing a significant role in propelling the global cyber security market. In addition to this, the concept of ‘Bring Your Own Device’ can also be held responsible for fueling the global cyber security market. Adding more to the list, he rising awareness among the people regarding the advantages of the cyber security is also one of the major factors that can be held accountable for towering the growth of the global cyber security market.

Conversely, the lack of skilled labor is the main reason that is hampering the growth of the global cyber security market. In addition to this, the huge cost of maintenance is also lending helping hand to hinder the development of global cyber security market. Moreover, the huge cost for raw materials needed for cyber security is also one of the main reasons that are restraining the growth of the global cyber security market. 

Well, for now the global cyber security market is surely going to fuel. All thanks to the allegations that Symantec Corp has loaded on Central Intelligence Agency! This will not only drive the growth of the global cyber security market in the U.S. but also in different parts of the world including Asia Pacific and Europe.