WatchPoint Announced the Launch of CryptoStopper Deception Technology

India: Deception technology is a collection of numerous security tools and techniques intended to protect the network from any sort of damages from an attacker. WatchPoint launched the CryptoStopper.io™, a cyber security tool which focuses on protecting the businesses inside -out from malicious ransomware which enters the computer networks and damages the valuable data.

The newly launched cyber security tool lays emphasis on protecting the business networks from all type of ransomware and aids in saving money and time, which may have been encapsulated by data loss. It also focuses on data safety which is a vital aspect.  The tool is a signature-less system that stops the ransomware moments after it is initiated. This also offers free trial for businesses and technicians to test the ransomware simulation system and its defence mechanisms.

The tool possesses various features such as signature less, it protects the network with the help of encryption process to mitigate the damage. It creates seed files so that whenever ransomware encrypts these files the tool detects them and isolates the threat. Thus, CryptoStopper.io™ helps to terminate an attack in progress.

The global cyber security market was calculated to be USD84.99 billion, in value terms for the year 2015, which is estimated to increase for the present year, making it an evident requirement for the introduction of the various cyber security tools.

TechSci Research depicts that the growing focus of the leading companies in the cyber security domain on Indian market is intended to accelerate the protection of the data for different businesses from any sort of threat, and malware. 

TechSci Research, a marketing and consulting firm closely analyse the development in the printer market and has published various report on the topic. According to TechSci Research report, “Global Cyber Security Market By Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass USD137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted.