The ever-evolving threat landscape, coupled with the increased number of cyberattacks aimed at businesses and organizations, has accelerated adoption of a growing number of security solutions. The malware-as-a-service industry has lowered the bar for cybercriminals -- not having the right technical skills is no longer a barrier for those who want an exploit kit, ransomware kit, or even a botnet.
Cyber risk is now among the top 5 risks affecting businesses, according to 65 percent of executives. At the same time, the risk of cyberattacks ranks the third most likely occurrence, right after natural disasters, according to the World Economic Forum’s Global Risk Report for 2018. Cybercrime as an industry has also grown from $450 billion in 2016 and is estimated to reach a whopping $2 trillion by 2019, according to the same report.