The use of VPNs has grown rapidly in the post-COVID era, but the technology is not limited to defending against COVID. It is also becoming popular in other situations, such as to protect one’s privacy online, communicate more securely, or enjoy better entertainment content. In the US, for example, 51% of VPN users say that they use them to maintain their privacy while online, while 37% say that they use them to communicate more securely.
COVID-19 has fueled the growth of the VPN market
The growing adoption of private networks across various industries has driven the global VPN market. In addition, the increasing number of cyber-breaches has fueled the need for secure technology and data protection. As a result, the demand for high-end VPN solutions has grown. The growing enterprise mobility trend has also helped in increasing the market size of VPNs. Furthermore, the ongoing COVID-19 pandemic is affecting businesses and driving the demand for highly secure technologies.
In response to the COVID-19 pandemic, CISOs have implemented measures that include patching remote systems over VPNs, as well as monitoring spiking threats. CISOs are also finding that the number of spear-phishing attacks has risen seven-fold in just a few weeks. In addition, they are also being bombarded by attacks based on COVID-19-crisis themes that are taking advantage of delayed web filters and email filters.
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COVID-19 has also negatively impacted consumer spending. The economy is seeing a significant drop in consumer discretionary spending. This means that consumers are spending less on leisure, travel, and restaurants. But non-essential e-commerce is doing well despite the slowdown.
Cost-effectiveness
In the digital age, data security has become a major concern for businesses. VPNs provide a simple solution to this issue. In the last few years, IP and MPLS-based VPNs have become more popular. And they’re also cost-effective.
While cost-effectiveness is not the only factor influencing VPN usage, the security features that make it so appealing have become increasingly attractive to businesses. According to a recent survey, only 37% of American businesses were prepared for cyberattacks. By increasing the security of data, businesses can reduce their customers’ worries. In addition, 95% of American citizens are concerned about how their data is used by businesses, and 87% of baby boomers believe that data privacy laws should be strictly enforced.
The growth of the virtual private network market is being driven by rising data security concerns, increased adoption of wireless devices, and increased usage of various technologies. However, some challenges in the implementation of virtualization and security systems are holding back the industry.
Cybercrime
As the number of digital transactions increases and the world becomes more connected, cybercriminals are turning their attention to the healthcare industry. They are using phishing emails to entice victims to download malicious attachments and compromise systems. They are also setting up fake websites to entice people to download malware that aims to steal personal information. The attacks are increasing in number and are already affecting organizations and daily wage earners.
The rise of cybercrime and its impact on privacy is a concern for everyone. Using a VPN and encrypting local hard drives can help minimize the impact of a data breach. VPNs can help protect your network by ensuring that you never leave a network, and by using a private, secure DNS server to ensure you have a private, secure connection. The post-Covid Era has brought new challenges to cybersecurity, including the emergence of cryptocurrency. As the use of cryptocurrency continues to rise, heftier regulation will be required to protect its users. As cryptocurrency adoption grows, so too will the number of victims. As a result, social media organizations will be working to tighten security and limit the sharing of personal information.
In addition to phishing attempts and other types of online fraud, cybercriminals are using cryptocurrency as a means to extort money. As online shopping becomes more common, the number of fraud cases has increased exponentially. Furthermore, explicit self-generated material is becoming a major concern for online shoppers. Despite the growing awareness of these threats, cybercriminals are still abusing legitimate services.
Another thing that VPN is contemporarily being used for is streaming the platforms that you love. Such as Hulu is a worldwide loved platform but unfortunately it is only available in United States. But here a VPN can help you to trick the Hulu location and watch your favorite shows from anywhere.
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