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Global Conference on Cyber Space to Fuel the Global Online Security Market

Posted on: Oct-2017 | By: 9Dimen Group | Electronics

Prime Minister of India, Narendra Modi, will inaugurate the Global Conference on Cyber Space (GCSS). This conference will be held for the initial time in the country later this year. Ravi Shankar, the IT Minister Prasad, claimed to the media in a statement. This conference will discuss some major aspects and steps to be taken against the cyber attacks boosting the global online security market. He further added while speaking to the media in an interview, "We are organizing Global Conference on Cyber Space in India in 2017. This will be inducted by Prime Minister of India." Let us have a look at the other factors that fuels the global online security market.

The incidence of identity theft as well as cyber attacks is increasing day by day. This results in the loss of privacy as well as private and sensitive data. Prevention of this loss of privacy as well as private and sensitive data is the main reason that is boosting the global online security market. In addition to this, the rising digitalization has forced the people make more and more online transactions. Making online transaction is a complex method that requires more safety and security. Any minute failure while conducting these transactions may result in the loss of millions. Hence, in order to maintain safety and security while making online transactions online security solutions are employed, which bolsters the global online security market.

Adding more to the list, today’s youth utilizes most of the Internet. If proper attention is not given, it may lead to different consequences such as online child sexual abuse. In order to avoid this, parents should not only have a watch on their child but also utilize online security solutions. This employment of online security solutions is also one of the major reasons that can be held responsible for powering the growth of the global online security market.

In contrast to this, the main reason that restrains the growth of the global online security market is the lack of awareness about the advantages of these online security solutions.

For now, all eyes are set on the upcoming Global Conference on Cyber Space.