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By: IBISWorld Staff Writer, Mallory Weiler
Cybercrime, although most frequently thought of in terms of hackings on individual businesses, has been increasingly aimed directly at the governmental level. In recent years, the nation’s cybersecurity has become discussed more frequently as particular events have surfaced, such as the 2016 election hacking. According to the US Intelligence Community, Russia sought to influence the 2016 US presidential election, stating, “Russian intelligence gained access to Democratic National Committee (DNC) networks.” The information gathered was then used to alter the public opinion of presidential candidate Hillary Clinton. With this attack being so public and the most daring and direct thus far, the safety of the US government’s infrastructure on cyber fronts has become critically important.
However, it isn’t just the firewalls and protection that have been compromised from cyberattacks on government entities; concern for the way the people view the security of the nation and the importance granted to such security is growing. When high-profile hackings are extremely public, the general population is made aware of critical shortcomings the government has in terms of cybersecurity. In fact, according to a survey conducted by the Pew Research Center, “some 28% of Americans are not confident at all that the federal government can keep their personal information safe and secure from unauthorized users.” This example of growing distrust proves just how highly government entities should value cybersecurity.
To address the issues that have risen, government agencies need to know the steps to take and how they should approach cybersecurity moving forward. The first step to preventing hacks is being aware of the necessary boundaries, setting them up and ensuring that they are articulately cared for. Doing so will likely keep hackers out, information safe and the public trusting.
IBISWorld has identified 4 products and services that can help government agencies better protect their data, as well as the market characteristics that can help them make more informed purchasing decisions.