Cyber security for critical infrastructure to reach US$46b

abi researchCyber security spending for critical infrastructure will hit US$46 billion by the end of 2013, according to ABI Research. Increased spending over the next five years will be driven by a growing number of policies and procedures in education, training, research and development, awareness programmes, standardisation work, and cooperative frameworks among other projects.

The cyber protection of critical infrastructure has become the most immediate primary concern for nation states. The public revelation of wide-spread state-sponsored cyber-espionage presages an era of information and cyber warfare on a global scale between countries, political groups, hacktivists, organized crime syndicates, and civilian society – in short, to anyone with access to an Internet-connected device. 

The focus on cyber security is becoming imperative. While some industries have had highly advanced cyber-defense and security mechanisms in place for some time (such as the financial sector), others are severely lacking and only just starting to implement measures (such as energy and healthcare). The drivers for the market in related products and services are numerous, but in large part, many will be propelled by national cyber security strategies and policies.