Ransomware attacks are on the rise, increasing in frequency and complexity. The 2022 Verizon DBIR shows that ransomware attacks recorded a 13% increase in 2022 while the FBI’s annual Internet Crime Report links $34.3 million in financial losses to ransomware attacks. In many cases, Active Directory (AD) attacks significantly influence the breadth impact of ransomware attacks.

Security spending in critical infrastructure has been little impacted by the Covid-19 pandemic, save for some reshuffling on where that spend is most needed. The effect has been mostly in increased demand for secure remote connectivity.

The growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs). These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and operationalization of threat intelligence. The TIP market is one of the cybersecurity markets that will be least affected in 2020.

Despite the imminent danger from a fast- evolving cyber threat horizon, ABI Research finds that cybersecurity investment within the industrial control systems (ICS) market is severely lagging. Indeed, the consultancy expects investments to barely cross the $2 billion mark by 2025.