The acceleration of digital transformation and the rising frequency of worldwide cyber threats have turned cybersecurity ventures into a chief focus for buyers.
Data from 2024 highlights record-breaking investments in synthetic intelligence-powered safety options and cloud applied sciences.
Türkiye, in the meantime, is making notable strides in cybersecurity with domestically developed tasks, incomes recognition on the worldwide stage.
The international cybersecurity market exceeded $250 billion in 2024, in line with estimates by Gartner and Crunchbase.
This yr began with Alphabet’s $32 billion acquisition of Wiz, a cloud safety agency, drawing additional consideration to the cybersecurity developments. That marked the most important deal ever for the Google mother or father.
Cloud safety
Artificial intelligence-based cybersecurity options are gaining prominence because of their proactive protection capabilities. Companies comparable to Darktrace, CrowdStrike, and SentinelOne have emerged as leaders on this house.
Cloud safety investments are experiencing speedy progress. Firms like Palo Alto Networks and Wiz deploy Zero Trust fashions to safeguard cloud infrastructure. Heightened curiosity in operational expertise (OT) safety has emerged in response to important infrastructure assaults. Notable gamers like Nozomi Networks provide tailor-made options for sectors comparable to vitality and well being care.
Globally, funding exercise in cybersecurity continues to soar. For occasion, ReliaQuest, an AI-powered cybersecurity agency, just lately secured over $500 million in funding, elevating its valuation to $3.4 billion.
Türkiye’s developments
Türkiye has additionally been making important progress in cybersecurity in recent times.
The enactment of the cybersecurity regulation marks the start of a brand new period for digital safety. Local companies comparable to STM, Havelsan, and Argela ship impactful options for the general public and protection sectors.
Additionally, startups like Sectrio, SOCRadar, and Hackuity have garnered sturdy curiosity from worldwide buyers. Turkish cybersecurity startups have managed to lift over $50 million in investments in 2024.
On the opposite hand, Türkiye’s Cybersecurity Cluster continues to foster collaboration between private and non-private sectors to develop progressive tasks, bolstering the nation’s presence within the international cybersecurity market.
Future tendencies
Experts predict that synthetic intelligence, quantum encryption, and Zero Trust architectures will outline the way forward for cybersecurity.
As the dangers related to digitalization develop, cybersecurity ventures have gotten more and more strategic funding areas. Türkiye’s potential on this area is additional strengthened by its reliance on homegrown applied sciences.
$32 billion wager
In one of many largest offers within the cybersecurity sector, Google acquired fast-growing startup Wiz for $32 billion. The acquisition goals to boost Google Cloud’s aggressive edge in opposition to Amazon and Microsoft. Wiz focuses on agent-free cloud safety options, extensively utilized by Fortune 500 firms.
The deal is predicted to strengthen Google’s AI-powered safety choices. However, challenges comparable to excessive prices and regulatory hurdles stay as potential obstacles in the course of the merger course of.
Türkiye faces main cybersecurity challenges with 1.5M assaults in 2024
As digital transformation accelerates, cyberattacks have turn into a big risk worldwide, together with in Türkiye. These assaults will not be restricted to giant firms but additionally goal small and medium-sized enterprises (SMEs), endangering their business continuity by knowledge breaches, ransomware, and monetary losses.
The surge in cyberattacks, significantly large-scale knowledge breaches and cybercrimes, has escalated monetary damages for firms, undermining their fame and disrupting operations. SMEs, specifically, have borne the brunt of those threats, struggling to strengthen their cybersecurity infrastructures as a consequence of restricted assets.
Competitiveness in danger
In 2024, Türkiye skilled almost 1.5 million cyberattacks, in line with Artuğ Tikiç, basic supervisor of Berqnet Cybersecurity.
“Network-based attacks surged by an astonishing 2,340%, bringing the total number of cyberattacks to 1.5 million. In Türkiye, the impact has been no less severe. Alarmingly, 60% of SMEs are forced to cease operations within six months following a cyberattack,” Tikiç acknowledged, highlighting the direct financial penalties of those assaults on establishments and the broader economic system.
Due to their restricted budgets and assets, SMEs usually fail to implement sturdy cybersecurity measures, making them straightforward targets for cybercriminals.
Tikiç added that the repercussions prolong past companies, impacting clients, companions, and even native economies.
“Data theft, service disruptions, and the loss of trust significantly reduce SMEs’ survival prospects. Moreover, such attacks jeopardize Türkiye’s digitalization journey and global competitiveness,” he remarked.
Cybersecurity regulation
To reduce the financial and societal impacts of cyberattacks on Türkiye, coordinated efforts between the private and non-private sectors are important.
In this vein, the just lately enacted cybersecurity regulation, handed by the Grand National Assembly of Türkiye (TBMM), marks the start of a brand new chapter in digital safety.
Under the brand new regulation, public establishments and personal sector entities are inspired to prioritize native and nationwide applied sciences of their cybersecurity functions.
This initiative goals not solely to boost digital safety but additionally to cut back Türkiye’s reliance on overseas expertise and strengthen the competitiveness of native producers.
Strategic sectors comparable to vitality, transportation, well being care, finance, and communication now bear better duty in safeguarding digital safety underneath this framework.
Critical infrastructure safety
The new rules additionally introduce superior safety requirements and compliance necessities to guard important infrastructure owned by each the private and non-private sectors. Vital sectors, together with transportation, communication, vitality, and well being care, shall be extra resilient in opposition to cyberattacks and should adhere to specified technical safety standards.
Tikiç emphasised the significance of those measures for home expertise producers.
“The new law is a powerful step in supporting the development of local cybersecurity manufacturers. It not only strengthens the nation’s digital security but also positions Türkiye more firmly in global competition with technologies produced using our own resources,” he mentioned.
“At Berqnet, we are ready to contribute to this transformation with our 100% locally developed R&D expertise to meet the cybersecurity needs of the public and private sectors.”
Türk Telekom, ZTE set document with intercontinental optical transmission pace check
As web infrastructure stays a cornerstone of worldwide competitiveness, Türk Telekom, considered one of Türkiye’s main telecommunications and expertise firms, continues to implement progressive and sustainable options to fulfill next-generation expertise calls for.
The firm has targeted on addressing excessive knowledge visitors whereas prioritizing capability enhancement and vitality effectivity.
Türk Telekom, in collaboration with main international expertise firm ZTE, has achieved record-breaking speeds in intercontinental optical transmission exams over the community traversing Istanbul’s Bosporus Strait.
The check, reaching 1.6 Terabits per second (Tbps), showcased important vitality financial savings and enhanced knowledge transmission capability, heralding a brand new period for Türkiye’s digital infrastructure.
The trial made Türk Telekom Türkiye’s first operator to realize 1.6 Tbps optical transmission pace utilizing the superior Dense Wavelength Division Multiplexing (DWDM) expertise.
The ZTE DWDM community in Istanbul, which carries a good portion of the town’s knowledge visitors, facilitated this groundbreaking check. Utilizing ultra-wide C6THz and L6THz bands, the intercontinental hyperlink reached document pace on a single channel, leading to notable enhancements in capability and vitality effectivity.
Further exams included new submarine and bridge fiber-integrated hyperlinks carrying dwell visitors with dual-carrier techniques at a capability of three.2 Tbps.
Addressing rising knowledge wants
Zafer Orhan, deputy basic supervisor answerable for community at Türk Telekom, mentioned the corporate is dedicated to assembly the rising knowledge pace calls for of Türkiye with progressive, energy-efficient, and simply manageable options.
“By deploying new-generation technologies, we create the foundation for transformative advancements. This intercontinental speed test over the Bosporus network achieved significant capacity and energy savings,” Orhan famous.
“These technologies will accelerate processes and enhance efficiency across various sectors, including smart cities, autonomous vehicles, health care, manufacturing, and digital gaming.”
Advancing optical transmission tech
Peng Aiguang, senior vp of ZTE and president of Europe and Americas area, mentioned the profitable trial represents a brand new step in technological innovation and partnership between Türk Telekom and ZTE in optical communications.
“It not only confirms ZTE’s leadership in DWDM technology but also lays a solid foundation for efficient, intelligent, and sustainable network development in the future,” mentioned Aiguang.
“We eagerly anticipate strengthening collaboration with Türk Telekom, jointly driving the evolution of optical communication technology, delivering superior network experiences to global users, and promoting robust growth in the digital economy.”
Source: www.dailysabah.com