A recent report by the Ponemon Institute says around 55 percent of vulnerable endpoints contain critical or highly secret data. The information published in ‘Cost of Insecure Endpoints’ reminds us of the enormity of the situation. Any incident of threat to these endpoints will lead to loss or tampering with sensitive data.
According to a report by Strategy Analytics Insight, there were around 22 billion connected devices in 2018. This is expected to cross about 38.6 billion devices by 2025 and 50 billion by 2030. Specific segments are expected to grow slowly while others will experience steady growth. Overall, the number of connected devices is expected to grow exponentially, making it challenging for IT experts to identify and tackle them.
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Every endpoint associated with a corporate network is a point of susceptibility as it serves as a potential entry point for hackers.
Every device used by an employee to connect to any enterprise carries the risk of being susceptible with respect to hacking an enterprise. Hackers can target such devices through malware that could end up compromising critical data.
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As an enterprise expands, it indirectly leads to a comparatively wider attack surface as there will be an increase in the number of endpoints. This applies to all firms, both medium, small, and more prominent organizations. As a result, organizations are left with no choice but to arrive at an ideal solution that is up-to-date and in sync with the organizational structure, current, and future requirements, or goals.
The worldwide endpoint security market is expected to develop from US$13.99 billion in 2021 to US$24.58 billion by 2028. The expected CAGR is 8.3% during the forecast period (2021 to 2028).
Established in 2002 by Dr. Larry Ponemon, the Ponemon Institute is based in Michigan, US. The institute focuses on pre-eminent research on data safety, privacy, and information security policy.