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Increasing focus on data security and privacy complianceWith growing reliance on internet-based technologies and outsourcing of IT infrastructure, the need to protect sensitive data and ensure privacy compliance has become imperative for businesses across all industries and sizes. Stricter data privacy laws like the California Consumer Privacy Act (CCPA) and the European Union's General Data Protection Regulation (GDPR) have raised the compliance bar, prompting organizations to overhaul their security strategies and deploy solutions that can demonstrate end-to-end encryption and access controls. Virtual private networks have emerged as an effective tool to enable secure data transfer and meet the privacy and security expectations of both customers and regulators.
For instance, from October 2021 to September 2022, financial and insurance companies experienced malware attacks most frequently, affecting approximately 40% of global organizations. System anomalies ranked second, reported by 20% of organizations, followed by network and application anomalies at 23%, according to Orange Cyberdefense.
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