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

The effectiveness of deception technology lies in its ability to create a dynamic and ever-evolving defense strategy. Unlike traditional security measures that rely on static rules and signatures, deception technology disrupts the predictability that attackers rely on. By setting up traps and lures throughout their networks, organizations can better understand their adversaries’ tactics and motives, allowing them to proactively defend against evolving threats.

One of the key benefits of deception technology is its ability to provide early threat detection and response. Rather than waiting until after an attack has occurred, organizations can detect malicious behavior in real-time, enabling them to take immediate action to thwart the threat. This proactive approach not only mitigates the damage caused by attacks but also prevents future threats from materializing.

Furthermore, deception technology can help minimize false positives, a common challenge that many organizations face with traditional security tools. By distinguishing between legitimate traffic and malicious activity, deception technology provides a more accurate and targeted approach to security monitoring. This reduces the burden on security teams and enables them to focus their efforts on the most critical threats.

Another advantage of deception technology is its ability to enhance threat intelligence and incident response capabilities. By analyzing attackers’ interactions with decoys and lures, organizations can gain valuable insights into their adversaries’ tactics, techniques, and procedures. This intelligence can inform the development of more effective security measures and improve overall incident response strategies.

Moreover, deception technology can serve as a deterrent to would-be attackers. By creating a highly deceptive environment, organizations can frustrate and discourage adversaries from targeting their networks. The uncertainty and risk of exposure associated with deception technology can act as a powerful disincentive for cybercriminals, potentially deterring attacks altogether.

Despite its valuable benefits, deception technology is not without its challenges. Implementing and managing deception technology requires significant time, resources, and expertise. Organizations must carefully design and deploy deception lures and traps to ensure they are effective without disrupting legitimate operations. Additionally, maintaining deception technology overtime demands continuous monitoring, updates, and adjustments to remain relevant and effective in an ever-changing threat landscape.

In conclusion, deception technology undoubtedly plays a critical role in enhancing organizations’ cybersecurity posture. Its ability to provide early threat detection, minimize false positives, enhance threat intelligence, and serve as a deterrent against attackers makes it a valuable addition to any security arsenal. While challenges exist in implementing and maintaining deception technology, the benefits it offers in improving overall security resilience and response capabilities certainly outweigh the costs. Organizations should carefully consider incorporating deception technology as part of their layered defense strategy to stay ahead of evolving cyber threats.

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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