Watch IDC’s free FutureScape webcast for more security predictions and their impact on your business. Credit: Thinkstock IDC predicts that by 2020, more than 1.5 billion people, or roughly 1/4 of the world’s population, will be affected by data breaches.While we have already felt the effect of massive breaches that have exposed the credentials for hundreds of millions of people, the IT impact will be felt more keenly in the coming years, according to IDC analysts.“Consumers are starting to pull away from brands that have been breached,” says Christian A. Christiansen, IDC Program Vice President, Security Products and Services. “And they’re becoming aware that there’s a thriving market in more durable identity credentials than just credit cards.” One example of this is healthcare information, which Christiansen says has a lifespan of months, years, or “even decades,” compared to credit card information, which has a lifespan of just 2 to 4 hours after it is first used in an unauthorized transaction.In this free Web conference, Christiansen, along with Duncan Brown, IDC Research Director, European Security Practice, discuss this and other key imperatives that will impact investment decisions in the area of IT security products and services over the next 1 to 3 years. IDC’s report also makes the following predictions:By 2019, 25% of security spend will be driven by EU data protection regulation and privacy concerns. Jurisdiction issues among trading regions will not be resolved, leading to a patchwork of compliance regimes.By 2019, geopolitical divisions and global economic instability will result in cyberattacks targeting suppliers, forcing businesses to increase spending by 25% or more to mitigate supply chain risks.By 2017, the security services market will increase at least 30% due to the scarcity and high price of available data scientists, leading sub Fortune 100 companies to seek alternatives.By 2020, a 1/4 of all worldwide electronic transactions will be authenticated biometrically, driven by the widespread adoption and use of biometric enabled mobile devices.By 2020, security moves to the cloud with over half of all enterprises adopting cloud-based Web security platforms.“IT security investments must support a risk-based approach to making business decisions and enable organizations to identify and seize opportunities for growth,” says Christiansen. “This IDC FutureScape security predictions document supports the security planning process with practical guidance that can be pliable enough to adapt to significant changes.” To access the webcast, fill out a short registration form, with no obligation or fee. Webcast viewers will also be able to download the associated PowerPoint slides. Related content feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Mergers and Acquisitions Mergers and Acquisitions brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime news analysis China’s offensive cyber operations support “soft power” agenda in Africa Researchers track Chinese cyber espionage intrusions targeting African industrial sectors. By Michael Hill Sep 21, 2023 5 mins Advanced Persistent Threats Cyberattacks Critical Infrastructure brandpost Proactive OT security requires visibility + prevention You cannot protect your operation by simply watching and waiting. It is essential to have a defense-in-depth approach. By Austen Byers Sep 21, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe