Cable and accessories are an important part of the power cable systems and are widely used in the distribution and transmission of electricity. Cables are an assembly of one or more insulated electrical conductors to serve in single phase or three phase systems. Cables are made up of three basic parts such as conductor, shielding and connector. These cables and accessories include cable joints, connector systems, terminations, and so on.
Increasing urbanization, growth in industrialisation and rising demand for electricity are key factors propelling growth of the global cable and accessories market. Increasing government activities to update and extend current transmission distribution infrastructure, and growing infrastructure developments in emerging economies are other factors expected to propel growth of the global cable and accessories market over the forecast period.
Shifting inclination towards conventional sources of renewable energy, and development in wire insulation technologies further expected to prove as a growth opportunity for the global cable and accessories market over the forecast period.
However, fluctuating raw material prices such as aluminium, and copper is a key factor restraining growth of the global cable and accessories market. Additionally, lack of skilled workforce to handle high voltage (HV) projects, and environmental stress such as extreme temperatures affect cable materials – with low temperature making cables brittle and high temperatures causing them to become very soft – are other factors expected to hamper growth of the global cable and accessories market over the forecast period.
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.