IDC predicts that by 2020, more than 1.5 billion people, or roughly 1/4 of the world's population, will be affected by data breaches.
While we have already felt the effect of massive breaches that have exposed the credentials for hundreds of millions of people, the IT impact will be felt more keenly in the coming years, according to IDC analysts.
"Consumers are starting to pull away from brands that have been breached," says Christian A. Christiansen, IDC Program Vice President, Security Products and Services. "And they're becoming aware that there's a thriving market in more durable identity credentials than just credit cards." One example of this is healthcare information, which Christiansen says has a lifespan of months, years, or "even decades," compared to credit card information, which has a lifespan of just 2 to 4 hours after it is first used in an unauthorized transaction.
Christiansen, along with Duncan Brown, IDC Research Director, European Security Practice, discusses this and other key imperatives that will impact investments in IT security products in this free webcast titled "IDC FutureScape: Worldwide Security 2016 Predictions." To access the webcast, begin by entering your email address in the field below.
As an added bonus, webcast viewers will also be able to download the associated PowerPoint slides. Register now!
To continue reading this article register now