The year 2023 was quite eventful for cyber security. Rising exploitation and extortion cases have awoken the economy’s sectors to the importance of cyber security. Generative AI posed a challenge to some fundamental notions of security, raising the threat landscape to a level where flaws and vulnerabilities, revealed even for a brief instant, may be exploited. Increased awareness of security dangers, stricter compliance requirements and obligations and liabilities related to data protection will generate enormous opportunities for security market participants, both products and services. From $6 billion, we believe the domestic cyber security market size will grow with CAGR to more than 25 per cent.

Source: The Hindu December 29, 2023 23:27 UTC