Anomaly detection is a data mining process used to determine types of anomalies found in a data set and to determine details about their occurrences. Anomaly detection is also known as outlier detection. This process is used in domains for intrusion detection, fraud detection, system health monitoring, fault detection, and event detection systems in sensor networks. Anomaly detection helps users to alert about suspicious activity by third party, and also block further login attempts.
Increasing number of connected devices, and increasing fraudulent activities and cyber-attacks are key factors driving growth of the global anomaly detection market. In addition, development of high performance data analysis (HPDA), increasing internal threats among enterprises, and rising adoption of anomaly detection solutions in software testing are other major factors expected to fuel growth of the global anomaly detection market over the forecast period.
Also growing trend of Internet of Things (IoT), Bring Your Own Device (BYOD), and Industrial Internet of Everything (IIoE) giving rise to more security threats and cyber-attacks is expected to drive demand for adoption of anomaly detection solution.
However, high cost and strong competition from open-source alternatives in the market are key factors restraining growth of the global anomaly detection market. Additionally, lack of professional workforce to operate tools and solutions, and occurrence of asymmetric faults in open-source model are other factors expected to hinder growth of the global anomaly detection market over the forecast period.
The global anomaly detection market is segmented on the basis of solution, service, technology, deployment, application, and region. On the basis of region, the global anomaly detection market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.