Page 86 - Cyber Defense eMagazine August 2023

Increase in Phishing Threats among Organizations

Has Created a Lot of Opportunities for the Cyber

Security Industry

By Koyal Ghosh, Senior Writer, Allied Market Reasearch

Growing trend of BYOD and smart assimilation of machine learning, IoT, and AI in several projects have
heightened the need for cyber security in more than one way. The cybersecurity bionetwork takes in a
number of regional clusters of cyber haven organizations that account for the global market dynamics. In
the present market scenario, the sector operates in three discrete mega-clusters namely Israel, SFBA
(the San Francisco Bay Area), and Metropolitan Washington, DC.

Israel and the San Francisco Bay Area come up with flourishing startup ecologies with a considerable
associated flow of risk capital and are deeply concentrated on products, while Washington showcases a
greater proportion of service-based companies.
A number of studies and surveys have been conducted in this domain and it’s revealed that one of the
prime causes of growing cyber attacks is nothing the dearth of proficient cybersecurity recruits in the

Cyber Defense eMagazine – August 2023 Edition 86
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