As long as the Internet and technology is around, there will be a need for cybersecurity. 2020 was certainly an unprecedented year that changed the way we do business. But in this technological age, business just can’t be stopped. Cyberspace is an ever-evolving landscape that cannot go ignored, whether you’re doing business abroad or in your own backyard, it pays dividends to pay close attention to cybersecurity because it affects all of us. Here are the top trends that you need to know about.
The more technologically savvy we become, the more sophisticated and tricky these cyber attackers become. This increase in cyber attacks is undoubtedly leading to a bigger demand for cybersecurity professionals and IT support technicians. As time speeds on there will continue to be a booming job market within the cybersecurity space. In fact, it’s been estimated that over the next 10 years, the IT job market will grow over 30% in some parts of the world. This is due to an uptick in cyber attacks as well as more businesses wanting to better secure themselves against possible attacks. It is indeed true that one of the best defenses is proper preparation.
Privacy is fast becoming king. With millions and billions of dollars at stake, it is becoming more and more important for institutions to properly train their employees, remote or in office, on how to keep privacy at the forefront of their actions. Employees must use secure and private networks, encrypted devices and be aware of what they’re sharing and who they’re sharing with. Companies and countries all over the world are stepping up their efforts to ensure personal data. The European Union, for example, has levied some pretty large fines against companies that failed to meet the requirements of the GDPR. Businesses, regardless of whether they are based in the EU or not, run the risk of losing credibility with their customer base, hefty fines and avoidable bad press by not complying with GDPR regulations. When
To keep information and personal data truly personal and private, many businesses are moving towards multi-factor authentication. Requiring users to provide two or more identifying elements to the sign in process is helping to secure user data and passwords. The multi-factor authentication business is on track to be bigger than ever in the next 10 to 15 years. Some companies, like Microsoft, have even gone as far as to encourage people to let go of voice and SMS authentication. These two methods come with ease, simplicity and more risk than most people realize. SMS messaging is unencrypted and voice recognition can be accessed remotely. Hardware security keys for verification are a better option.
The ability to monitor data in real time is a big deal, especially as cloud based technology becomes more and more widely used. Real time data monitoring is a learning system, allowing a company’s data security to evolve over time. The longer data is monitored, the easier it becomes for the security system to become aware of anomalies and potential breaches much sooner than other methods of monitoring. With a real time system, companies can rely less heavily on third party software, and handle their cybersecurity in-house. The ultimate end point here is to reduce and prevent attacks.
Although AI isn’t really anything new, it has definitely evolved quite a bit over the decades. The AI of today is far more sophisticated and capable than ever before. That is why so many businesses are eager to integrate it into their security measures. One way AI is being used in security infrastructure is to build automated systems that eliminate human error by decreasing and eventually negating human involvement. Companies want to be able to analyze huge chunks of data more quickly, and AI solves this problem. It is also a solution for smaller businesses that don’t have the resources for a full IT security team. Artificial intelligence is far better at detecting threats than launching attacks, so many companies are willing to make it a part of their cybersecurity system.
Whether intentional or unintentional, a lot of cyber attacks and threats come from inside companies. As more and more remote employees are being added to the workforce, it is becoming easier for malicious individuals to infiltrate companies and expose or exploit sensitive data. It is estimated that 15 to 25% of data breaches come from inside of businesses and not an unknown assailant. Some employees may unintentionally leave sensitive information wide open to hackers. For accidental data exposures, proper training is a must. When employees are aware of the proper way to handle and secure data and privacy, they are more likely to be more cautious.
The Internet of Things (IoT) is a simple way of describing all of the things around the world that collect and share data using the Internet. This includes smartphones, security systems, smart watches and plenty other things. With billions of these devices on the market and in the hands of consumers, there is a growing threat of an increase in cyber attacks. These numbers make it difficult for companies and cybersecurity professionals to keep up with the growing number of attacks. All of these devices need someone to safeguard them and the data they have stored. Most companies are concerned about IoT and only a small fraction of these companies have a well thought out and scalable IoT plan.
There is no doubt that technology is changing all the time. It’s getting faster, smaller, more expansive and a whole lot more. People and businesses are doing what they can to stay on top and reduce their likelihood of cyber attacks. The key is to pay attention to the trends and make informed decisions. 2021 is sure to look a lot different with all that has happened in 2020.