Access control, surveillance, and testing comprise the physical security market. The cyber world is held by a vast set of complex networks that are often left vulnerable to hackers. Gaining access to your private space has become a child’s play. Latest advancements have also come with its loops holes and drawbacks. It is observed that the rogue team often overcome the counter steps taken by security systems. If the systems provide a firewall so bleak, our life is definitely an open book for multiple unknown eyes in the cyber world.
Recent developments and upgrades are coming around. To protect your data, hardware, software, personnel against theft, impersonation, vandalism, terrorism, and natural disasters, organizations are rapidly purchasing options for cyber security. There is a daily transfer of multi billion bytes of messages and data from one network to the other, worldwide. The need to protect sensitive information has got the physical security market to earn $78 billion in 2016, according to Allied Market Research. The same study states that the market will reach $153 billion by 2023. The compound annual growth rate registered is 10.3% for the forecast period of 2016 to 2023.
Australia, in 2016, began showing a massive interest in cyber protection technologies. The federal and state government were highly inclined to spending on the cyber security industry. They have also noticed that that the rogue users are moving at twice the speed innovating steps to create a cyber havoc. Companies such as Dtex are vigorously implementing upgraded strategies to tackle the growing cyber-attacks. When security systems were new in the market, people were unaware of its application. It was only referred to as ‘IT Security’.
Impersonating identities and duplicating social security numbers, account numbers, credit card details seem simple. Tony Vizza, an IT security consultant from Sententia Australia, states that users focus on logical security and often forget about physical security. The issue starts from here. When hackers find a loop hole, they will continue to exploit it as long as they please. When they break through physical security, they can steal a server. Irrespective of encryption, they will remain in the system and work their way around to access the data. He also pointed out that many internet satellite systems are left unsecured. In 1999, government authorities were alarmed when a 15-year-old boy hacked into the system of NASA, Pentagon, and American telecom company Bellsouth. This caused organizations to take the cause of cyber security seriously.
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Recent developments by multiple players contribute to this growing segment. Ingram Micro, a physical security solution system provider in New Zealand will collaborate with Dahua, world’s second largest CCTV manufacturer. Their product portfolio has highly sophisticated configurations. Brivo, a physical security solution provider did a study on the level of physical security undertaken by managers. They found that 61% of the managers were not concerned about their security systems. 54% of managers were sure that unauthorized people would not be able to move past their basic firewall options. There is a blanket of ignorance among managers regarding hacking incidents and the need to install a rigid physical security system is now more important than ever.
Recently, physical-security firm Senrio discovered a flaw called “Devil’s Ivy” that currently affects key players like IBM and Microsoft among the others. The attack needs to be configured individually for each vulnerable application. Upon gaining access, they will be able to send two full gigabytes of malicious data to a target. This bug will spread across millions of gadgets. This vulnerability is an example of how supply chain code is shared across the internet of things. The rogue code can manipulate the camera, computer systems and potentially any affected system.
Senrio also discovered a flaw known as buffer overflow from Axis Communication, a Sweden based security camera manufacturer. The bug was inside a code library distributed by Genivia as part of its popular gSOAP developer platform. The gSOAP code is used to run a protocol called Open Network Video Interface Forum (ONVIF). ONVIF is a networking language for security cameras and physical security devices. It is used by companies such as Bosch, Canon, Cisco, D-Link, Fortinet, Hitachi, Honeywell, Huawei, Mitsubishi, Netgear, Panasonic, Sharp, Siemes, Sony, And Toshiba. According to statements, Bosch and Cisco were aware of the flaws and that they were currently looking into the matter. Senrio estimated that the number of devices that may be affected will run in millions.
The thought of getting attacked by an unknown force will always be lurking in our minds. We have reached a point where a tiny bug can disable multiple devices across numerous platforms. Challenges like these have caused companies bring about a more equipped network to combat the cyber invasion of space.
Read more about this study@ https://www.alliedmarketresearch.com/press-release/physical-security-market.html
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