DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Cyber Deception Market - Segmented by Layer, Service Type, End-User Vertical, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Cyber Deception Market is projected to witness at a CAGR of 15.18% during the period 2018-2023.

Cyber-attacks are one of largest threats across the globe, and require high-end security. Software infiltration and cloud-hacks are likely to be the major instances of cyber-attacks. As a result, there is an increase in internal security reviews and audits, in cloud-based companies, giving rise in demand cyber deception solutions. F-Secure, a cyber-security company based in Finland logged an increase of approximately 220% traffic diverting to honeypots from 2016 to 2017.

Increasing ATM transaction, coupled with a rapid rise in the online transaction is expected to drive the cyber deception market in BFSI sector. In addition, the governments across the globe are highly investing in the financial sector of their respective countries, to build a robust security system. In 2016, Tesco Bank, based in the United Kingdom, was attack by hackers, and about EUR 2 million was stolen using DDoS attack and phishing.

In 2016, Japan observed the highest number of cyber-attacks in the Asia-Pacific region, with approximately 2 million of user data sets were stolen from over 140 organizations. Post this attack, there were many protocols and standards set in order to prevent these attacks in future. However, the vulnerability still persists. In 2017, Asia witnessed ransomware, a cyber-attack, wherein, the attackers lure customers to produce fast money.

Companies Mentioned

Illusive Networks LogRythm Inc. Attivo Networks Rapid7 Inc. SEC Technologies ForeScout Technologies Acalvio Technologies Percipient Networks Allure Security Fidelis Cybersecurity (TopSpin Security) GuardiCore Limited Cy

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Cyber Deception Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Company Market Share

8. Opportunities in Global Cyber Deception Market

For more information about this report visit https://www.researchandmarkets.com/research/7l368w/global_cyber?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516006431/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/16/2018 04:05 PM/DISC: 05/16/2018 04:05 PM

http://www.businesswire.com/news/home/20180516006431/en