“Trendsetter without money. In Ukraine, the largest number of cyberattacks in the world is recorded – as it affects the cybersecurity market on February 18, 11:30 to share: the first step for the development of the domestic cybersecurity market could be the order of the state not foreign, but local companies (photo: pixabay) Over the past eight years, the Ukrainian cybersecurity market has grown four times and reached $ 138 million in 2024.”, – Write On: ua.news
The first step for the development of the domestic cybersecurity market could be the order of the state not to foreign but local companies (photo: Pixabay)
Over the last eight years, the Ukrainian cybersecurity market has grown four times and reached $ 138 million in 2024. The pace is good, but the money is still low. What prevents growing faster and becoming a large exporter for cyber defense solutions?
In five years, the domestic market will increase by 50% and reach $ 209 million. These are the results of the Datadriven Research & Consulting study conducted by the EBA and the IT Ukraine Association.
It is expected that the world cybersecurity market will be $ 186 billion in the previous year. At the same time, our country is a cybersecurity trendizter, because it is ahead of other countries in cyber examination through R&D work.
The reason for this innovation is the war. Now Ukraine, like the USA, South Korea and China, is included in the list of countries that have the largest number of cyberattacks in the world. Their most popular species are DDOS, Ransomware, Phishing.
In Ukraine, permanent cyberattacks by Russian hacking groups such as UAC-0010 are most likely to take place in government agencies, defense, telecommunications, banks and energy. In 2023, 2544 cyberincyders were recorded, which is 16% more than in 2022.