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A report by U.S.-based market research firm Hexa Research said that rising sophistication of cyber attacks and increasing use of cloud services for data storage are the main growth drivers of the global cloud security market, TechRepublic reported. Businesses are increasingly transferring their data to cloud servers due to flexibility and cost savings, the report said. Demand for cybersecurity solutions has been on the rise in government agencies, healthcare organizations, e-commerce, insurance, and banking industries, the report said.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees