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The internet, by definition, means a global computer network providing a variety of information and communication facilities. The word computer here can also mean mobile phones, smartwatches, and other devices that offer computing and internet facilities. At the start of 2022, global internet users have climbed to 4.95 billion as per the DIGITAL 2022: GLOBAL OVERVIEW REPORT. The report also suggests that internet penetration now stands at 62.5% of the world's total population. As per another report by Statista, the total amount of data created, captured, copied, and consumed globally is expected to grow to180 zettabytes by 2025.
With data being created and consumed so rapidly through ever-connected devices, the concern for data security is obvious. Taiwan, the largest manufacturer of semiconductor chips globally, in its pursuit of creating a safer and smarter tomorrow has already foreseen the concerns of data security. Further strengthening the ICT industry, Taiwan's action plan for 2025 includes increasing the number of people working in the cybersecurity field and providing assistance and support for establishing cybersecurity startups.
Taiwan Excellence, which was set up by Taiwan's Ministry of Economic Affairs in 1993, recognizes products adding innovative value to different sectors. This is done after a meticulous selection process that evaluates products on the parameters of R&D", "Design", "Quality" and "Marketing". Their sole aim is to bring innovative products to the world to provide everyone an opportunity to live a better life. The winners of these prestigious awards then use the Taiwan Excellence recognition in marketing and promoting their products globally.
One such product recognized by Taiwan Excellence which is working towards data safety is ArmorFlash™ Secure Flash Memory by Macronix, a leading integrated device manufacturer in the Non-Volatile Memory market, which provides a full range of NOR Flash, NAND Flash, and ROM products. The data encrypted by ArmorFlash™ uses a security protocol that provides unique transfers even when repeatedly reading the same address of the ArmorFlash™ secure memory region. ArmorFlash™ offers high levels of data confidentiality, integrity, and availability to prevent data from being compromised. This storage is also offered in a number of densities to meet your application's needs.
As per projections by Cybersecurity Ventures, global cybercrime, which includes the destruction and theft of data that causes reputational harm to individuals or businesses, is expected to grow by 15% by 2025, reaching $10.5 trillion USD annually, up from $3 trillion USD in 2015. Thus, for anyone looking to protect their network from ever-growing data safety concerns, ArmorFlash™ is an ideal security solution. It provides a wide range of identification, authentication, and encryption requirements for IoT, automotive, computing, industrial, healthcare, wearables, smart home, and smart cities.
Billionaire businessman and philanthropist Warren Buffet calls cybercrime the number one problem with mankind and cyberattacks are a bigger threat to humanity than nuclear weapons. With data being the building block of the modern-day economy, the opportunities for innovation and setbacks around it are unimaginable. The bigger issue is that while these seem like problems of the future, they might strike your business at any moment.
As of today, the actual value of any business depends on how well it guards its data, the strength of its cybersecurity, and its level of cyber resilience. So, how are you protecting your business and personal data from the looming threat of data theft and cybercrime?
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