Cybersecurity Market Revenues Growing at CAGR of 17.4%, Will Vietnam able to sustain it? : Ken Research

About 66% of Vietnam's 70k+ websites are estimated to be infected with viruses/malware. The government is playing a vibrant role in propagating the importance of having a secure cybersecurity infrastructure in organizations.

1. Cyberattacks have a huge financial impact on Vietnam's economy

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3% Companies in Vietnam that faced 24 hrs. or more of downtime after most severe breach; Global figure: 4%
2% Proportion of computers affected by dangerous viruses in Vietnam, 3x the global average
Vietnam's global rank 6th in number of local cyber threats
75 Mn # of Internet-borne cyber threats in Vietnam in 2019

2. Phishing majorly affects all the computer systems in Vietnam, thus boosting the market.

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7% of Mobiles infected with Malware in 2022 only.
7% of Attacks by Crypto miners in the year 2022.
5% of Users affected with Financial Malware Attacks and around 12% of Computers infected by Malware.
0% of organizations in Vietnam receive up-to 5,000 security alerts daily, while 29.0% 5receive more than 50,000 daily.

3. Why Cyber Threats in Vietnam are rising at unprecedented rates?

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Rise in number of devices available per person, weak organizational information security infrastructure.
Political Disputes with neighbouring China, downloading of Themes/Plug-ins from Suspicious Sites and outdated Website versions & operating systems.
Insufficient Human Resource Potential: Vietnam faces a challenge of limited number of cyber experts in the country, because of which the product ecosystem is dominated by foreign enterprises in cybersecurity
Limited Cybersecurity Awareness: Lack of technical knowledge about information security & its importance is one that plagues organizations in Vietnam
Budget & Maintenance: Allocation of funds towards information security is always a challenge in organizations in Vietnam.

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.