Why it’s a Good Time to Market Mobile Security Solutions in Singapore
Nothing but optimistic numbers for the mobile tech market.
A comScore report noted a sharp rise in mobile usage, which is expected to surpass desktop and laptop usage by the end of 2015. The Global Web Index, meanwhile, reported recently that smartphones have become increasingly prevalent. It found out that around 80% of internet users rely on mobile devices for various activities such as research, information-sharing and financial transactions.
But along with this perceived increase in mobile usage come more pressing threats to data security that would greatly offset the optimistic tides. Malicious software prevalence is also on the rise, causing massive losses to individuals and business owners.
According to a report by Entrust, cyberattacks have cost mobile users $10 million in financial losses. The report, which quoted the 12th Annual Global State of Information Security Survey, also showed a significant increase in cyberattacks in 2014.
At this point, many are looking to the software development market for effective solutions to counter spyware, data phishing, and identity theft.
The climate for increased mobile data security is something that Singaporean IT and software entrepreneurs must leverage. Being a new niche in the island-nation, cybersecurity is no doubt experiencing steady growth, mostly due to a growing awareness and demand for more advanced data protection systems among various sectors, notably government, healthcare, finance and education.
Quoted by a Channel News Asia article, Jason Lim of International Enterprise Singapore said, “More people are a lot more connected because they are on mobile, and more and more transactions are being done using the mobile devices, and therefore, the