Cyberweapons Replace Nuclear Threats In Global Arms Race

Cybersecurity has become a number one priority for both the public and private sector. As hackers gain access to more complicated tools, government officials and CEOs are bulking up their defenses in preparation for what many are calling a

.

According to the

, public and private sector networks are probed by international hacking groups thousands of times per day. NATO's headquarters has reported some 100 attacks per day. Those staggering figures are the result of more nations acquiring cyber weapons that range from simple password hacks to malicious code that can take control of an entire network. This type of cyber warfare has leveled the playing field for smaller nations whose capacity to stand up to nations like the US used to be limited by the size of their military. Not only does the internet provide a new battleground, but both the military and civilians are largely unprepared to defend themselves.

As worries about cybersecurity mount, more and more firms are entering the industry in hopes to fill the growing gap for protection. Hundreds of cybersecurity firms have poured onto the scene over the past few years after a spate of high profile attacks on US public and private sectors raised concerns about data protection. Last week

for an IPO of its cybersecurity arm, Dell SecureWorks Inc. More established firms like

have been

rapidly and others like

are extending their offerings to cover underserved sectors like mobile security.

However, cybersecurity isn't the only industry to gain from heightened concern over data protection. Insurance companies are also reaping the rewards. Most major businesses are spending on some type of security net incase their system is compromised. The hacking attacks on big names like

and

proved expensive and most firms want to guard against that kind of fallout. A recent

by Consulting firm PwC showed that the cyber insurance market is expected to rise to around $7.5 billion by 2020, a positive for firms like

that offer cyber attack policies.