The cybersecurity industry is evolving at an extremely rapid pace, making it difficult to stay in the loop. Across the world, it’s important for professionals to be able to keep up with the latest cybersecurity trends and the latest news in order to ensure that their systems are kept as secure as possible. As new updates are released, hackers and cybercriminals are always looking for new and more sophisticated ways to commit their crimes. Over the next year, here are some cybersecurity challenges and trends that you can expect to face.
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Cybercrime is one of the biggest challenges that we are set to face over the coming years, with damages expected to cost $6 trillion worldwide in 2021. In 2018, cyberattack frequency rose at an alarming rate, and an estimated $1.5 trillion was generated as profits from cybercrime the world over. And, we’re seeing more and more of the inescapable risk of cybercrime on a regular basis in the media, with an increasing number of companies reporting hacks and breaches. Cybercriminals are getting more sophisticated and diversifying their hacks, which along with the absence of professional knowledge in many companies, poses a grave security risk.
With the European Union bringing in GDPR in 2018, data protection laws around the world are tightening up. This global push for improved data protection came after a series of scandals from big companies like Facebook which catapulted data protection concerns straight to the news headlines. In European countries, companies who overlook data protection may face significantly large fines and damage to their reputation that will be difficult to correct, and the rest of the world is following suit. There has been growing concern about the amount of publicly available information on individuals; Nuwber, for example, is a people search and lookup tool that takes data protection very seriously.
Cloud Computing Security:
In 2020, cloud computing has become a standard aspect of IT and the need to improve data protection has become a large concern as a result. Cloud computing has many advantages for companies including allowing them to stay competitive in an ever-growing, digitally-driven market, but making the switch to third-party vendors often brings with it it’s own set of security issues. For companies that are using cloud computing, it’s important to know exactly where your data is stored, who has access to it, and the security measures that the vendor has put in place to protect it.
AI Skills Shortage:
By 2021, it’s predicted that millions of cybersecurity positions are going to remain unfilled, and as a result of this cybersecurity skills shortage, more and more companies are switching to artificial intelligence in the hope of finding a solution. Although AI is still a relatively novel concept right now, it has earned massive praise as an alternative option to human employees in relation to this skills gap. AI allows for instantaneous automation, which means that it can complete tasks that would normally take days for a person to do in just minutes or even seconds. Incorporating automation is set to become more popular for companies, who can use AI to focus on the repetitive and data-heavy tedious tasks and free up time for human professionals to spend on large-scale threats or anomalies.
Cybersecurity is constantly changing; which trends do you expect to see the most of next year?