Top Cybersecurity Trends
Cybersecurity Trends examines the latest trends and developments, the most effective methods for preventing attacks, how to implement safeguards, and strategies for overcoming a breach if it occurs.
Cybersecurity attacks are growing daily, and it's becoming increasingly important to ensure you have the right cybersecurity measures in place if you want to protect your business from harm. Knowing everything that can go wrong is important so you don't fall victim. There's a lot to cover here, but I'm going to give an overview of cybersecurity attacks, specific types of cyber attacks, and upcoming trends for cybersecurity.
Cybersecurity spending is expected to reach $1 trillion by 2022 and will be led by the public sector at a CAGR of 27%. Cybercrime has become more sophisticated and costly over the years, with the average total cost of cybercrime estimated at $3.8 million per company globally and essayswriter.org review it, so you can check if you want more info.
Cybersecurity trends to watch out for in the next decade
Cybersecurity attacks are on the rise, and this is a topic every business owner should be aware of. A data breach can cost a company millions of dollars and years of hard work to rebuild its reputation. The best way to stay safe from hackers and cybercriminals is cybersecurity awareness and education. A vpn software can also be a great way to keep anyone unwanted from accessing your data. Here are five of the most important things you need to know about cybersecurity to protect your business.
You're not as secure as you think you are
Conventional wisdom says that keeping your computer secure is easy: turn on firewalls, install security software, and keep your system up to date, right? It's also easy for cybercriminals to infiltrate your system. Hackers can access your network through malware, viruses, and phishing scams. They can even target you personally through your emails or social media accounts. Your data doesn't have to be stored on a computer to be vulnerable.
You need to worry about more than just data breaches
The biggest risk of a cybersecurity attack is not the loss of sensitive customer information or trade secrets but the potential damage to your reputation if such an attack occurs. No one wants their company's name in the headlines for the wrong reasons, whether it's for revealing a breach of customer information or inadvertently allowing hackers access.
Cybersecurity trends affect everyone
Most of the time, cybersecurity breaches come from external attacks. Hackers and malware can get into a company's systems, access sensitive data and cause everything from embarrassing situations to financial losses in the millions.
However, the end of 2016 saw a marked increase in internal cybersecurity incidents. These breaches tend to be much less visible than external breaches because they are often kept quiet for fear of scaring employees or affecting stock prices.
Cybersecurity has become a serious issue in today's world, and it is important to be aware of the occurring trends. The following are the cybersecurity trends that everyone should be aware of.
The Internet of Things
There are more devices than ever connected to the Internet, which means there is an increased risk of cyberattacks. People now have things like smart cars, smart TVs, smart refrigerators, etc. These devices are vulnerable to cyber-attacks because security features do not protect them. The more devices you have connected to the Internet, the greater the risk of an attack.
Artificial intelligence
Artificial intelligence (AI) will soon be used for more than just making phone calls or playing games. Companies using AI will be able to grow faster and more efficiently because they will be able to make smarter decisions.
With the increased use of artificial intelligence comes increased cybersecurity risks.
Cyber threats can come from anyone with an Internet connection or mobile device. This puts everyone at risk of cyber attacks.
The cloud
Companies have started storing their data in the cloud rather than on their own computers or servers. Companies such as Amazon and Google offer cloud storage services where customers can upload their data and access it from anywhere, whenever.
Internal cybersecurity incidents are on the rise, and here's why
Internal cybersecurity threats often originate from within a company's own systems. The most common sources of internal security breaches include staff members with privileged access to sensitive data or facilities, contractors and business partners who have access to company systems, disgruntled employees, and malicious software that has infected company networks. A company's greatest assets are its employees.
If a cyberattack occurs because of a compromised employee device, it could open the door to an entirely new and far more dangerous threat: a data breach. Internal data breaches can devastate companies of all sizes and industries, but they pose unique challenges for healthcare providers.
The Health Insurance Portability and Accountability Act (HIPAA) requires healthcare organizations to protect their patient's health information, including strictly safeguarding any personally identifiable patient information. However, recent trends in internal cybersecurity incidents show that healthcare organizations are experiencing increased insider threats.
As cyber threats continue to evolve, so do internal security measures. The problem is that many companies are not keeping pace with these evolving threats because they lack the resources or expertise to properly assess their cyber risks and create appropriate solutions to mitigate them.
Internal security breaches soar 45%
A recent report from Carbon Black revealed that internal security breaches increased 45% in the second quarter - April through June - compared to the previous three months. This was the second consecutive quarter in which Carbon Black observed this type of change in security threats.
How do these cybersecurity insider attacks occur? The report found that more than half (57%) of the breaches were caused by employees clicking on phishing links or sharing data with unauthorized individuals.
Nearly the same percentage (46%) were due to errors with privileged accounts, i.e., accounts with higher access levels than others and typically only granted to IT staff. In one notable case, an employee accidentally deleted a database containing sensitive information on thousands of customers, resulting in a $10 million settlement with regulators.
The cybercrime industry is booming and threatening businesses
Cyber-attacks are high on the list of concerns for corporate management. The latest 2015 Cost of Cybercrime study states, "Cybercrime costs organizations and individuals $1.5 trillion a year in direct and indirect losses."
Towards the end of 2014, a major breach of Sony Pictures Entertainment's online network highlighted the cybersecurity issue. The attack on Sony Pictures Entertainment nearly led to a total shutdown of the company's network. Investigators discovered that the hack was carried out by a group called Guardians of Peace (GOP) based in North Korea. This group is believed to have been responsible for other attacks on other companies, including South Korean banks and media outlets, broadcasters, and banks in South Korea.
Although no further information is available on this group, it is clear that North Korea has become more active in initiating cyberattacks worldwide.
According to a study conducted by Intel Security, 2014 was considered a watershed year for data breaches, as many cyberattacks were initiated yearly. It is also estimated that 2015 will be an even worse year, with many cyber-attacks initiated worldwide.
How to protect your business against the most common cybersecurity threats
Three types of incidents dominate when it comes to cybersecurity threats: malicious insiders, malicious code, and social engineering. Statistics show that these three types of cybersecurity attacks account for more than 90% of all security incidents. The security industry has long focused on the first two categories, but social engineering remains largely underestimated. The good news is that there are multiple ways to protect your business against social engineering attacks and several strategies you can use to reduce the damage these attacks do if they do occur.
Cybersecurity trends report predicts a massive increase in the cost of cybercrime by 2022
Cybersecurity Ventures' 2017 Cybersecurity Trends Report predicts that the global cost of hacking and cybercrime will rise from $3 trillion in 2015 to $6 trillion by 2022, with an increase in ransomware attacks, social media scams, credit card fraud, and other forms of identity theft.
Cybersecurity Ventures defines "cybercrime" as any criminal activity related to a computer.
- Malicious software or malware (including viruses and worms)
- Hacking (including distributed denial of service attacks, or DDoS, and SQL injection)
- Identity theft (including phishing)
- Online child exploitation/pornography
- Cyberwarfare/cyberterrorism
- Ransomware (ransomware attack is one of the leading cybersecurity attacks.
- To keep in mind...
Cybersecurity should be a top concern for every company. Data security is of utmost importance and should not be left to chance. Therefore, it is necessary to establish a system in which valuable data is guaranteed to be protected against unauthorized access, tampering, and unauthorized disclosure or loss. Cybersecurity should always be a high priority, even before opening for business, to avoid problems later on.
Major vulnerabilities in the cybersecurity department have led to a steady increase in hacking by black hat hackers, who are always looking for the next big hack. Cyber attacks can cause larger companies to lose millions of dollars and can even bankrupt them.
Cybersecurity is a very important measure to always keep in mind to protect against large-scale data breaches.
In developing countries, cybercrime laws are unclear, and many companies do not have the protections against cyber attacks that they should. In developed countries, such as Denmark, Spain, France, and Germany, it is easy to find hackers to help you protect your business; however, if you are a victim of cybercrime, you will find it difficult to find someone to help you defend yourself.
Establishing a relationship with a security company like WatchGuard could be the best solution for those who want full-service cyber protection.
It's more important than ever to make sure you're taking steps to protect yourself and your business. Whether you're an entrepreneur, small business owner, or global corporation doesn't matter. If you want your business to succeed, it's vital that you put a solid cybersecurity plan in place, cover all the bases, and perform regular security checks.