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As enterprises and large organizations, both in the public and private sector, increasingly become dependent on the Internet for all aspects of day-to-day operations and commerce, the digital landscape is fraught with cyber risks as hackers seek to find and exploit new vulnerabilities. Whether the risk is domestic or foreign, hackers are always looking for an opportunity to steal data, money, or assets from any loopholes in our collective digital security system, as most recently evidenced by the new breaches on American Water Works (AWK) and Comcast (CMCSA).
Now, with the arrival of artificial intelligence (AI) and advanced threats like deep fakes, we have become vulnerable to an entirely new frontier of cyber risk. Against this backdrop, the global cybersecurity market is set for healthy growth in the coming years, as this corner of the market has emerged as the “defensive” niche within the tech space.