The market for cybersecurity solutions never declines; there are always new and more malicious threats around the next corner. The market has never seen as much demand as during the recent COVID-19 crisis.
This week's episode is about load balancing, which is a concept where traffic load gets distributed to a collection of underlying servers using an algorithm to ensure equal distribution.
The statistics around data breaches and personal information misuse are alarming. In the United States alone, there is a new victim of identity theft every two seconds. As of June 2020, at least 16 billion records (including personally identifying information, credit card numbers, and sensitive information) were breached or leaked. The United States Federal Trade Commission (FTC) received more than 1.4 million complaints about identity theft in 2020 (up from 651,000 in 2019). More than 33 percent of Americans, according to a Proofpoint survey, claim to have experienced identity theft. IBM statistics indicate that the average cost of a data breach is almost four million USD.