Deception Technology Statistics 2023: Facts about Deception Technology outlines the context of what’s happening in the tech world.
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Top Deception Technology Statistics 2023
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- 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]
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How Useful is Deception Technology
One of the primary advantages of deception technology is its ability to deceive attackers into interacting with deceptive decoys, luring them away from critical systems and providing valuable insights into their tactics and techniques. By deploying realistic-looking decoys across networks, organizations can create a false sense of security for attackers, ultimately leading them into traps that can help to identify their presence and intentions.
Moreover, deception technology can serve as an early warning system, effectively notifying organizations about suspicious activities and behavior that may go unnoticed by traditional security measures. This proactive approach enables organizations to respond quickly to potential threats, mitigating the impact of attacks and reducing the likelihood of data breaches.
Another key benefit of deception technology is its ability to reduce false-positive alerts, a common challenge faced by traditional security systems. By leveraging deception to actively lure attackers into engaging with simulated assets, organizations can confidently differentiate between legitimate threats and benign incidents, focusing their resources on addressing credible risks.
Furthermore, deception technology can enhance incident response capabilities by providing valuable insights into the tactics and techniques used by attackers. By analyzing interactions with decoys, organizations can better understand the strategies employed by threat actors, allowing them to fine-tune their defense strategies and better prepare for future attacks.
Despite these advantages, some critics argue that deception technology may not be a foolproof solution and should be viewed as a complementary approach rather than a standalone security measure. While deception technology can provide valuable threat intelligence and early warning capabilities, organizations should still invest in a comprehensive security posture that encompasses a range of preventive, detective, and responsive measures.
Additionally, the effectiveness of deception technology depends on proper deployment and ongoing monitoring to ensure that decoys remain current and relevant to evolving threats. Without proper maintenance and oversight, decoys may become stale and ineffective, potentially creating a false sense of security for organizations.
In conclusion, deception technology offers a valuable addition to organizations’ cybersecurity arsenal, providing a proactive and innovative approach to threat detection and response. By leveraging the element of deception to outsmart attackers and gather valuable threat intelligence, organizations can strengthen their defenses and stay one step ahead of potential cyber threats. While deception technology is not a panacea for all cybersecurity challenges, when used effectively as part of a comprehensive security strategy, it can significantly enhance organizations’ ability to protect their networks, systems, and data from malicious actors.
Reference
- cybertrap – https://cybertrap.com/en/blog/how-do-i-explain-the-value-of-deception-technology-to-my-cfo/
- cybertrap – https://cybertrap.com/en/deception-technology/
- wikipedia – https://en.wikipedia.org/wiki/Deception_technology
- seedata – https://seedata.io/research/what-is-deception-technology/
- copperpodip – https://www.copperpodip.com/post/deception-technology-a-solution-to-cybercrime
- fortunebusinessinsights – https://www.fortunebusinessinsights.com/deception-technology-market-102220
- 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
- marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/deception-technology-market-129235449.html