The United States financial system has been a target for foreign cyber adversaries for a considerable period. North America to Account for Largest Market Share
The Google Cloud team has reviewed the Attivo solution that operates and reduces the risk of attack escalation for organizations running Active Directory with Google’s managed service. For instance, in 2020, Attivo Networks announced the availability of its ADSecure solution for Google Cloud’s Managed Service for Microsoft Active Directory (AD). Many companies are implementing SaaS backups that come with an intrusion detection system that safeguards critical data from malicious attacks, whether external or internal. More recently, there has been a trend in Advanced Persistent Threat (APT) groups attempting to hack into industrial control systems (ICS). Digital Forensics and Incident Response (DFIR) is being incorporated to perform forensics when an organization is infected with ransomware or another type of network intrusion. Hence, network forensics is in increasing demand in several organizations. The security mechanisms, like Wired Equivalent Privacy (WEP) and WiFi Protected Access (WAP), are not sufficiently capable of providing guaranteed security in wireless communication. Network forensics involves capturing, recording, and analyzing network packets to determine the source of network security attacks. Even though wireless communication systems are useful in providing mobile internet access to the user, they are still vulnerable and easily exposed to interception by way of data transmission. Network Forensics is Expected to Hold a Significant Market Share However, factors such as lack of specialized skills, usage of proprietary operating systems, and high level of encryption in new mobile applications may hinder the growth of the market. Furthermore, the COVID-19 pandemic will require investigation techniques that reflect the new patterns of employee remote working environment and comply with the legal and societal goals, such as social distancing and self-isolation. Due to this, during this period, significant organizational stress and crisis, newer frauds and misconduct risks have emerged, internal controls are lagging behind the evolving risks, and the need for forensic investigations has been witnessing an increase.
During COVID-19, the demand for remote working solutions has seen a surge owing to the organization’s transition from their conventional workplace methods to work from home environment. Therefore, if more devices are connected to an enterprise, more sources would be available for hackers to intrude into the enterprise networks.
The increase in the use of cloud computing applications providing access to files and other data from anywhere has made the work collaboration for different teams from different locations simpler for companies. Additionally, as enterprises across the world are transforming digitally, cloud adoption has been on the rise, which brings policies, such as BYOD, to the forefront in many industries.
Phishing and similar fraud ranked first, with 2,41,342 complaints. For instance, according to the Internet Crime Complaint Center (ICC) and Federal Bureau of Investigation (FBI), in 2020, 43,300 cases of online identity theft were reported to the IC3. The adoption of digital forensics is growing due to the advancements in the traditional crime lab infrastructure, increasing penetration in corporate sectors, and the rise in cyber attacks and crimes. However, other forms of digital forensics, such as mobile phones and other handheld devices, are becoming increasingly popular for digital curation and preservation. Most forensics are oriented toward desktops, laptops, and associated media, including the hard drive, floppy disk, and optical discs. Digital forensics includes the recovery and investigation of material found in digital devices, often concerning computer crimes. Digital forensics has grown from addressing minor computer crimes to the investigation of complex international cases that significantly affect the world.
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The massive use of Internet of Things (IoT) devices coupled with factors such as stringent government regulations and the increasing instances of cyber-attacks on enterprises are expected to drive the demand for digital forensics software during the forecast period. The Global Digital Forensics Market is expected to register a growth at a CAGR of 10.97% during the forecast period (2021-2026).
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