The report “Botnet Detection Market by Component (Standalone Solution, Service), Application Area (Website Security, Mobile App Security, API Security), Deployment Mode (Cloud, On-Premises), Organization Size, Industry Vertical, and Region — Global Forecast to 2023”, The botnet detection market is expected to grow from USD 203.2 Million in 2018 to USD 1,191.1 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 42.4%. The major factors driving the botnet detection market include the need for security against the bad bot traffic, rising number of smartphones users, and increasing adoption of APIs.
How can businesses mitigate the aftermath of a botnet attack?
If a botnet attack results in a personal data breach, businesses face different obligations. For example:
- Businesses in Europe must notify the competent data protection authorities without undue delay, and in any event within 72 hours of becoming aware of the breach.
- Businesses in the US must assess the specific data breach reporting requirements of their respective state, as all states have enacted rules on notifying individuals and/or regulators and take a closer look at the Federal Trade Commission’s most recent guidance from May 2022. The latter stipulates that failure of disclosure of information about a data breach to affected parties could violate the FTC Act and may lead to an enforcement action by the FTC.
- Various breach notification laws may be triggered across jurisdictions in the Asia Pacific region and in the rest of the world, even in countries where data protection and cyber security regulation has in the past not been the primary focus of lawmakers and regulators.
Additional sector-specific IT security legislation might also apply. Businesses in certain critical infrastructure sectors must meet reporting obligations under the EU’s NIS Directive and/or the US Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA).
While failure to fulfil these notification requirements may lead to an enforcement action by the competent data protection authority, law enforcement agencies repeatedly emphasise the need for businesses to cooperate with law enforcement and file criminal charges to effectively combat cybercrime. For example in its latest report on the state of Cybercrime in Germany, the Federal Police Office highlights the importance of assistance from private businesses in taking down the Emotet botnet in 2021.
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Market Players
The major Botnet Detection vendors include Akamai Technologies (US), Imperva (US), Distil Networks (US), PerimeterX (US), ShieldSquare (India), Unfraud (US), Instart Logic (US), Pixalate (US), AppsFlyer (US), Intechnica (UK), Zenedge (US), Reblaze (Israel), White Ops(US), Shape Security (US), Integral Ad Science (US), InfiSecure (India), DataDome (France), CriticalBlue (UK), Digital Hands (US), Variti (Switzerland), Stealth Security (US), Unbotify (Israel), Kasada (Australia), Mfilterit (India), and White Diagnostic (US).
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