Last year saw many disruptions in the world of cybersecurity, even as the COVID-19 pandemic continues to recede. Remote work continues to be a focus for many large companies, causing cloud-based operations to proliferate. Expanding 5G networks connected devices at faster speeds and greater bandwidths. Cryptocurrencies exploded in popularity and are now bought, sold, and traded by individuals on a greater scale than ever before.
Average expenditures on cybercrime are increasing dramatically, and costs associated with these crimes can be crippling to companies who have not made cybersecurity a significant part of their budget. Cybersecurity budgeting has been increasing steadily as more executives and decision-makers realize the value and importance of cybersecurity investments.
Cyber Security Trends For 2020
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When it comes to cybersecurity, not all industries are created equal. Industries that store valuable information such as healthcare and finance are usually bigger targets for hackers who want to steal social security numbers, medical records, and other personal data.
A: Our world runs on data, and the integrity of our systems relies on strong cybersecurity measures to protect them. Weak cybersecurity measures can have a massive impact, but strong cybersecurity tactics can keep your data safe.
The Cyber Attack Trends 2020 Mid-Year Report highlights the trends cyber criminals use to attack organizations worldwide across all industries, and gives you the information you need to explore current threat, trends and tactics used globally.
2019 has seen cybersecurity issues firmly take their place in the news, both for the technology industry and the general public. While organizations are increasingly aware of the importance of cybersecurity, most are struggling to define and implement the required security measures. In this article, we take a look at 10 cybersecurity trends that are likely to shape the cybersecurity landscape in 2020, from data breaches and IT security staff shortages to security automation and integration.
The demand for cybersecurity professionals continues to exceed supply, even though security teams have to deal with more threats than ever. With as many as two in three organizations worldwide reporting a shortage of IT security staff, automated security tools such as online vulnerability management solutions are fast becoming essential to maintaining a good security posture. Modern products can allow even a small team to efficiently secure multiple websites and web applications, providing a technological solution to pressing recruitment problems.
With digital transformation ongoing in many organizations, awareness of cybersecurity challenges continues to grow not just for major enterprises but also for small businesses. More and more businesses are coming to realize that having an effective cybersecurity strategy and cyber incident response plan is a necessity, not a luxury. Information security training is becoming commonplace for all staff to improve cyber-hygiene and maintain a solid security posture on all levels of the organization. Security is also gaining a permanent place in the software development lifecycle, with SecDevOps/DevSecOps processes to integrate security at all stages of development.
Advances in artificial intelligence (AI) are bringing machine learning technologies into more and more products in all market segments, including cybersecurity. Deep learning algorithms are being used for face detection, natural language processing, and threat detection. However, AI is also being weaponized by cybercriminals to develop increasingly sophisticated malware and attack methods, requiring organizations to deploy advanced heuristic solutions rather than relying on known vulnerability and attack signatures.
Phishing attacks remain an effective method of stealing credentials and identities, distributing malware, eliciting fraudulent payments, cryptojacking (cryptocurrency mining) and so on, and the threat is not going away any year soon. The same goes for ransomware attacks, which continue to provide a solid source of income for international cybercrime. Effective protection requires not just proper cybersecurity training for all employees and business partners, but also in-depth security and vulnerability management to prevent attackers from obtaining confidential information used in phishing attempts.
Cybersecurity writer and editor at Invicti Security. Drawing on years of experience with security, software development, content creation, journalism, and technical translation, he does his best to bring web application security and cybersecurity in general to a wider audience.
However, this value is not assured. As technology evolves, so does the cyber threat landscape that organizations must navigate. In fact, it is estimated that the cyber threat globally slows the pace of technology innovation by as much as USD 3 trillion in lost economic value in 2020.
Cyber incidents such as siegeware attacks on infrastructure management systems, increasing OT/OT system vulnerabilities, and GPS spoofing attacks continue to challenge the cyber-physical world. Thus, businesses that relied on the IT security-centric approach proved incapable of dealing with the effect of security risks on physical safety.
As cybersecurity trends keep emerging, organizations must adopt a proactive IT security posture, rather than reactive, to keep business secure. They must become more nimble, more flexible, and more collaborative as they strive to secure their critical assets.
However, the far-reaching tentacles of cyber and evolving threats will make it hard for organizations to effectively focus on their core business objectives while ensuring security. Turn to Managed Network Security Services like StealthLabs to prevent, detect, and respond to evolving threats.
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This article features opinions from cybersecurity experts on the nature of the AI threat, how the AI security threat will change in 2020, and how companies should prepare themselves for the changing threat.
Welcome to the race between cyber criminals and cybersecurity software vendors to build the most advanced and far-reaching software possible. AI acts as an accelerator for both parties, allowing them to analyze more data, distinguish real from perceived threats, and understand potential vulnerabilities.
How will cybersecurity tactics and software adapt to the increasing threat of malicious AI-driven software? The experts we spoke with cited increasing automation to understand the nature of evolving threats, empowering the workforce, and getting ahead of the threat.
Another prominent takeaway from the pandemic is that symptoms are often easier to diagnose and treat than root causes. This obviously has implications beyond corporate strategies, but a prime example of this concept in the business world is the field of cybersecurity. Companies are made all too aware of poor cybersecurity when they are breached, and a postmortem can identify processes or tools that would have prevented or mitigated the attack. But that may not address underlying problems that can lead to a different cyber incident down the road.
Throughout the pandemic, organizations accelerated the pace of technical adoption as they adjusted to historic disruption. This opened the doors for increased flexibility and long-term efficiencies. At the same time, that acceleration forced many companies into a space where traditional cybersecurity mindsets and tool kits were inadequate. Rather than addressing isolated concerns around specific activities, businesses have to adopt a new paradigm that informs cybersecurity decisions across the full range of operations.
In many ways, the field of cybersecurity is a reaction to the ways that enterprise IT evolves. After all, the need for cybersecurity only comes after technology has been implemented. This dynamic has intensified in recent years, as businesses aggressively pursue technology with the tendency to treat cybersecurity as a secondary consideration.
Answering these questions, especially the last one, is leading to an ever-increasing focus on cybersecurity as a standalone discipline. If cybercrime is growing dramatically as a financial and operational liability, dedicated focus is the prescription for avoiding serious consequences.
Three data points describe the explosive nature of the cybersecurity landscape. First, Cybersecurity Ventures reports that the global financial damages from cybercrime totaled $6.1 trillion in 2021. This number is expected to grow 15% year-over-year, reaching $10.5 trillion by 2025. The costs of cybersecurity incidents go beyond the recovery of stolen data or the payments made due to ransomware attacks. Reputational damage can have large ripple effects, such as lost business from customers leaving or time spent negotiating new contracts if partners and suppliers lost faith. 2ff7e9595c
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