Cybersecurity: what to expect for the next five years?

 

A market research study titled “Payment Security Market” has revealed that a rise in financial cybersecurity is to peak at a CAGR rate of 16.5% from 2022 to 2028, implying a monetary growth landing at $54.1 billion.

In fact, the matter of a safe online buying space has become even more urgent within the last couple of years following the Covid-19 pandemic. That is why the UK government has been putting in place rules and regulations to help maintain consumers’ privacy and anonymity as personal details and the amount of money involved in their transactions should be kept from being divulged. Furthermore, the online payment alternative has proven to be much better as it ensures a frictionless and secure billing experience when processing the validated settlements or transferring some customer data. It also keeps information more confidential while managing to protect its users from any online mishaps.

This focus on online security is encourage for the continued use of electronic devices in our daily life as we proceed to generate our payment transactions. Further digital advancements will surely have an important impact on the growth of online payment security in the future and will deter any malicious threats. Various factors such as the imminent use of technological devices and the adoption of the PCI DSS guidelines are what will define the future progression of cybersecurity.

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Online security is causing the UK government to reinforce cybersecurity