Deception Technology Statistics


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Deception Technology Statistics 2023: Facts about Deception Technology outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Deception Technology, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Deception Technology Statistics 2023

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Deception Technology “Latest” Statistics

  • Compared to the industry average of 56 to over 200 days, this shows a 90-97% decrease in dwell time.[1]
  • By using deception technology, costs have been reduced by up to 51%, or by an average of $75 for each compromised record.[1]
  • A very powerful message about the significance of deploying CyberTRAP deception technology is sent to the globe because it covers well over 80% of the MITRE shield architecture.[2]
  • An industry researcher estimated that the worldwide market for deception technology would reach 50 to 100 million users by 2018.[3]
  • Deception technology, according to Gartner, is also a vastly under-used tool that may provide users significant advantages against online attackers. 6 recently, two additional significant experts forecasted that by 2020, there would be a market larger than 1 billion.[3]
  • Market research media pegs the total market size for deception technology at $12 billion in 2019–2024, with a 19% CAGR.[3]
  • Although the primary goal of these technologies is to protect a perimeter, firewalls and endpoint security cannot do so with 100% confidence.[3]
  • 97% of CEOs and CTOs agreed that stay-at-home directives sped up their shift to cloud technology.[4]
  • Cybercrime will cost 10.5 trillion yearly worldwide, up from 3 trillion in 2015, which is a 15% global increase.[5]
  • The U.S. health sector saw 228 breaches in the first half of 2017, including the theft of 31 million data, an increase of 423% over the previous six months.[5]
  • 72% of firms currently have digital transformation programs that are complete or in progress.[6]
  • The market is expected to grow at a CAGR of 14.4% from 2021 to 2028, reaching 1.51 billion to 3.88 billion.[6]
  • For instance, according to research by PurpleSec, cybercrime increased by 600% during the epidemic.[7]
  • At a CAGR of 15.1% from 2016 to 2021, the deception technology market is expected to increase from 1.04 billion in 2016 to 2.09 billion by that year.[8]

Also Read

How Useful is Deception Technology

One argument in favor of deception technology is its proactive approach to cybersecurity. Traditional security measures focus on reactive measures, such as firewalls and antivirus software, which can be easily bypassed by sophisticated cyber threats. Deception technology, on the other hand, aims to actively deceive attackers, making it more difficult for them to identify and target valuable assets. By creating a false environment filled with traps and decoys, organizations can buy time to detect and respond to threats before any actual damage occurs.

Furthermore, deception technology provides organizations with valuable insights into potential vulnerabilities and attacker behavior. By monitoring the interactions between attackers and decoy systems, organizations can gain a better understanding of how cyber threats operate and develop more effective defense strategies. This real-time threat intelligence can be invaluable in strengthening an organization’s security posture and improving incident response protocols.

In addition, deception technology can help organizations reduce the burden on their security teams. With the constant barrage of cyber threats facing organizations today, security teams often struggle to keep up with the sheer volume of alerts and incidents. Deception technology can help alleviate some of this pressure by automatically detecting and redirecting attackers, allowing security teams to focus their efforts on more critical tasks. By automating the detection and response to threats, organizations can improve the efficiency and effectiveness of their security operations.

However, there are also critics who question the practicality and usefulness of deception technology in real-world scenarios. One common criticism is the potential for false positives, where legitimate users or activities are misidentified as threats and redirected towards decoy systems. This can lead to unnecessary disruptions in business operations and erode user trust in the organization’s security measures. Additionally, there are concerns about the maintenance and upkeep of deception technology, as creating and maintaining a realistic decoy environment can be resource-intensive and time-consuming.

Furthermore, some skeptics argue that deception technology may only serve as a temporary deterrent for attackers, who may eventually adapt and overcome the decoy systems. As cybercriminals become more sophisticated and agile in their tactics, organizations may need to continuously update and evolve their deception strategies to stay one step ahead.

In conclusion, while deception technology has the potential to enhance an organization’s security posture and provide valuable insights into cyber threats, its effectiveness may vary depending on the organization’s specific needs and resources. By carefully weighing the benefits and challenges of deception technology, organizations can make informed decisions about whether to incorporate it into their cybersecurity strategy.

Reference

  1. cybertrap – https://cybertrap.com/en/blog/how-do-i-explain-the-value-of-deception-technology-to-my-cfo/
  2. cybertrap – https://cybertrap.com/en/deception-technology/
  3. wikipedia – https://en.wikipedia.org/wiki/Deception_technology
  4. seedata – https://seedata.io/research/what-is-deception-technology/
  5. copperpodip – https://www.copperpodip.com/post/deception-technology-a-solution-to-cybercrime
  6. fortunebusinessinsights – https://www.fortunebusinessinsights.com/deception-technology-market-102220
  7. globenewswire – https://www.globenewswire.com/news-release/2022/02/14/2384097/0/en/Deception-Technology-Market-to-Hit-USD-3-88-Billion-at-a-CAGR-of-14-4-Report-by-2028-Fortune-Business-Insights.html
  8. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/deception-technology-market-129235449.html

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