Deception Technology Statistics

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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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 key benefit of deception technology is its ability to provide early warning of potential breaches. By detecting malicious activity at the earliest stages of an attack, organizations can respond swiftly and effectively, minimizing the potential impact on their critical assets. In a rapidly evolving threat landscape where cyber attackers are continuously developing new tactics and techniques, early detection is crucial in staying one step ahead of the adversaries.

Moreover, deception technology can help in improving incident response processes. By establishing a baseline of normal activities on the network and using deception assets to detect deviations from this baseline, organizations can quickly identify and isolate compromised systems. This can significantly streamline the incident response process, allowing organizations to contain and remediate threats more efficiently.

Another valuable aspect of deception technology is its ability to deceive attackers into revealing their tactics, techniques, and procedures (TTPs). By engaging with deception assets, organizations can gather critical intelligence on the methods attackers use to infiltrate networks and compromise systems. This information can then be used to enhance threat hunting activities, refine security controls, and strengthen overall defenses against cyber threats.

Additionally, deception technology can serve as a deterrent against would-be attackers. The presence of decoy assets across the network sends a clear message to potential adversaries that the organization is serious about cybersecurity and has invested in advanced defenses. This can act as a deterrent, dissuading attackers from targeting the organization and forcing them to reconsider their tactics.

While deception technology offers significant benefits to organizations, it is not without its challenges. Deploying and managing deceptive assets across a complex network infrastructure can be a resource-intensive task that requires careful planning and coordination. Organizations must carefully consider factors such as the placement of decoys, the realism of deception assets, and the integration with existing security controls to maximize the effectiveness of deception technology.

Furthermore, there is a risk that deception technology may inadvertently impact legitimate users or systems if not implemented correctly. Organizations must strike a balance between enhancing security posture and ensuring a seamless user experience to avoid disrupting business operations. It is essential to carefully monitor and fine-tune deception deployments to minimize false positives and prevent unnecessary disruptions.

In conclusion, deception technology holds significant promise in improving cybersecurity defenses by providing early warning of potential threats, enhancing incident response capabilities, gathering threat intelligence, and serving as a deterrent against attackers. While challenges exist in deploying and managing deception technology effectively, the benefits it offers in strengthening cybersecurity posture make it a valuable tool for organizations looking to stay ahead in the ever-evolving threat landscape.

Reference

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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