Automated Breach and Attack Simulation Market

Information Technology (IT) Risk Management

The Automated Breach and Attack Simulation Market is valued at USD 1.1  Bn in 2026 and is projected to reach USD 4.5  Bn,  growing at a CAGR of 22% by 2033.ABAS platforms aid in the detection of security gaps from a variety of sources. Organizations today devote a significant portion of their IT budgets and resources to implementing and measuring security. Furthermore, continuous and rapid growth in digital business adoption can be seen around the world, increasing the number of solutions that rely on applications. However, there has been no such solution that can solve all application security issues. The simulated platform resolves the issues and aids in the search for system vulnerabilities. Furthermore, once a vulnerability has been identified, developers can easily protect the enterprise system from the identified vulnerabilities.

Increasing Digitization is Increased Risks, Vulnerabilities and Failures

Enterprises are integrating technologies such as AI, ML, and IoT for digital infrastructure as they move toward rapid digitalization. According to Smart Insights, 34% of businesses have already completed digital transformation. People are witnessing a shift in consumer preferences as a result of digitization. According to the Outer Box report, 79 percent of consumers made a purchase using a mobile device in the previous six months. This shift demonstrates that digitalization is the way of the future for businesses. Governments in APAC and MEA, such as Saudi Arabia and India, are undertaking a variety of initiatives, such as Digital India; smart cities, such as Dubai Internet City (DIC); and developing smart infrastructure aimed at digitization. Manual government processes, such as income tax filing and applying for passports and driving licences, have also seen a significant shift as a result of digitalization. Consequently, the number of connected devices and data centres is rapidly increasing and securing these devices and data centres, as well as testing them for security on a regular basis, would be critical for governments and businesses. The future for ABAS looks attractive.

Who’s who in the BAS SPACE?

The top 5 leaders of Cybercrime world

• AttackIQ
• BreachLock, Delivers penetration testing as a service (PTaaS)
• Cymulate, continuous optimization platform
• Detectify, web application security, Deep Scan
• Foreseeti, automated red teaming tool - securiCAD technology

Application Vulnerabilities are major Causes of Security Breaches

Cybersecurity issues are becoming a day-to-day struggle for individuals and businesses.

1. Personal Identifiable Information. This includes data such as social security numbers, contact information, birth dates, education and other personal information.
2. Financial Information. This includes charge card numbers and expiry dates, bank accounts, investment details and similar data.
3. Health Information. This includes details on health conditions, prescription drugs, treatments and medical records.
4. Intellectual Property. This includes product drawings and manuals, specifications, scientific formulas, marketing texts and symbols, proprietary software and other material that the business has developed.
5. Competition Information. This includes data on competitors, market studies, pricing information and business plans.
6. Legal Information. This includes documentation on court cases the company may be pursuing, legal opinions on business practices, merger and acquisition details and regulatory rulings.
7. IT Security Data. This includes lists of user names and passwords, encryption keys, security strategies and network structure.

According to Cybint, 95% of cybersecurity breaches are caused by human error.

• Worldwide cybercrime costs will hit $5.7 trillion annually end 2021
• Ransomware damage costs will rise to $20.2 billion end 2021, and a business will fall victim to a ransomware attack every 13 seconds
• Damage related to cybercrime is projected to hit $10.7 trillion annually by 2025

Recent trends, side effects of a global pandemic and cybersecurity statistics reveal a huge increase in hacked and breached data from sources that are increasingly common in the workplace, like mobile and IoT devices. On top of this, COVID-19 has ramped up remote workforces, making inroads for cyber-attacks.

• 4% of organizations worldwide experienced spear phishing attempts in 2019. On average, only 7% of companies’ folders are properly protected
• Data breaches exposed 37 billion records in the first half of 2020
• 86% of breaches were financially motivated and 11% were motivated by espionage. 40% of breaches featured hacking, 18% involved malware and 23% involved phishing
• January 2005 to May 2020, there have been 12,000 recorded breaches
• The top malicious email attachment types are .doc and .dot which make up 40%, the next highest is .exe at 20%
• In 2020, a Twitter breach targeted 130 accounts, including those of past presidents and Elon Musk, resulted in attackers swindling $121,000 in Bitcoin through nearly 300 transactions. (CNBC).
• In 2020, Marriott disclosed a security breach impacted data of more than 5.2 million hotel guests
• The 2019 MGM data breach resulted in hackers leaking records of 142 million hotel guests (CPO Magazine).

To successfully fight against malicious intent, it’s imperative that companies make cybersecurity awareness, prevention and security best practices a part of their culture.

However, internal vulnerabilities are a major source of security breaches in organizations. Internal vulnerabilities include careless workers, employees recruited by competitors to corrupt company data, disgruntled employees, and employees who use data for personal gain on purpose. Cybercriminals achieve their financially motivated goals by exploiting internal actors through attacks such as SQL injection, email phishing, and Man-in-the-Middle (MiTM). According to Verizon, 48% of malicious email attachments are office files, 34% of data breaches involve internal actors such as employees, and 94% of malware is delivered via email.

• Remote workers will continue to be a target for cybercriminals
• 5G increasing the bandwidth of connected devices, IoT devices will become more vulnerable to cyber-attacks

The Cybersecurity Skills Gap Will Remain an Issue

• 61% of companies think their cybersecurity applicants aren’t qualified. (ISSA)
• 70% of cybersecurity professionals claim their organization is impacted by the cybersecurity skills shortage. (ESG & ISSA)
• 82 percent of employers report a shortage of cybersecurity skills. The Center for Strategic and International Studies (CSIS) survey in 8 countries
• Global IT security skills shortages have surpassed four million. (ISC)

Competitive Landscape

The consequences for businesses that experience data breaches are severe and increasing. This is mainly due to the increased regulatory burden for notification of the individuals whose data has been compromised. Notification requirements and penalties for businesses suffering a data breach differ with the jurisdiction. Companies doing business internationally may have customers in many jurisdictions and may have to comply with a variety of requirements. The costs of such a process together with legal penalties, possible compensation for damages and any resulting lawsuits can be high enough to constitute an existential threat to some companies.

Key Players 

• AttackIQ
• Cymulate
• XM Cyber
• SafeBreach
• Qualys
• Rapid7
• Keysight Technologies
• Skybox Security
• FireMon
• SCYTHE
• Mandiant
• ReliaQuest
• Pentera (formerly Pcysys)
• NopSec
• Randori

Global Automated Breach and Attack Simulation Market Segmentation

By Component

• Software
• Services

By Deployment

• Cloud
• On-premise

By Application:

• Configuration Management
• Patch Management
• Threat Management
• Other

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa