Cybersecurity fulfills a crucial role in everyone's life as it secures our confidential information, rights, and, as well as our physical security. That is why increasing concerns regarding the significance of cybersecurity are much noticeable this year.
From a business standpoint, a lack of cybersecurity in our business can put more than 4 billion important data files at risk of being discovered by notorious hackers.
It is estimated that an average of 4 million dollars’ worth of data violation has suffered by businesses. Therefore, to forcibly stop such data theft, organizations must efficiently implement exceptional cybersecurity systems.
Having said that, the following are what I believe to be the leading trends of cybersecurity in 2020:
1. Artificial Intelligence as an Offender and Defender
Artificial intelligence has improved our overall lifestyle, and we will witness its application more in the coming years. While modern society and successful businesses are reaping uncountable benefits from this innovative technology, the cybercriminals are readily adapting, exploring and utilizing it for data breach and corruption.
Smart hackers can easily get our credit card information, send spam emails and severely disrupt critical infrastructure by service declining attacks.
Fortunately, these cyberattacks can be minimized by upgrading the scope of security. With deep learning security algorithms and system automation, AI can stop malicious malware and network attacks by speeding up the recognition and blockage of modern threats.
2. Rise in Ransomware
According to Wikipedia: “Ransomware is a type of malware from crypto virology that threatens to publish the victim's data or permanently block access to it unless a ransom is paid.”
Ransomware can be used in alternative ways by hackers based on the organizations they are targeting. Some organizations become an easy target for ransomware as they are willing to pay ransom easily. Especially, health care institutions or government organizations frequently become the target of successful cyberattacks. Law firms and other companies that keep classified data, readily pay the ransom amount to prevent news of data breach from going public. On the contrary, universities and educational institutes are an easy target for hackers as they generally have limited cybersecurity.
It is noted that in the past many companies have fallen an easy victim to relatively large ransomware attacks.
But in 2020, smaller ransomware attacks by the cyber mafia could be noted.
Hence, due to the smaller attacks in 2020, many companies will not succumb to the imminent threats of malicious attacks.
3. 5G Network Vulnerability
Whether we like it or not, it is up to us to embrace 5G technology. Working jointly with this technology we will see the increase in the use of connected internet devices and a surge of edge computing (smartphone, tablet, and laptop), which will not only put the ever-increasing plethora of personal information at risk of being violated and stolen but also undoubtedly place millions of IoT devices and freshly supported sensors susceptible to threat actors who can easily monitor our whereabouts, wiretap calls and manage to obtain any confidential information. Thus 5G Technologies will face an alarming increase of security concerns incomparable with those of 3G and 4G of the past, making confidentiality more accessible and less preserved.
4. Lack of Cybersecurity Professionals
It is predicted that by the year 2021, nearly 3.5 million job positions in cybersecurity will be vacant worldwide with approximately 500,000 openings alone. This scarcity of talents could undoubtedly lead to companies and government organizations to lose hundreds of millions of dollars.
In today’s digital environment, many countries are receiving potential threats that are in the form of false reports of political campaigns that threaten to divert the direction of democracies and organizations of identity thefts.
However, these issues can be resolved if the government and organizations can overcome these problems by imposing the following steps:
● Offer good salary packages and a healthier working environment to attract exceptionally skilled individuals
● Invest more in network security training of existing and fresh staff on how to stop or minimize cyberattacks in their field
● By hiring a candidate that has a more extensive scope of skills such as in fields of information technology or computer science instead of hiring employees that have limited cybersecurity training.
● Encourage getting cyber security certification in Florida and other US states
5. Security tools and protocols
Keeping personal data hidden is the by-product of network security protocols. Since there are no specific tools to maintain confidentiality, organizations usually put their customers' data in danger of theft by putting the complete trust on available security tools and other approaches to privatize customer data. Thus, when faced with data breaches, companies either expect the IT security team to solve this issue or utilize WAF (Web Application Firewalls) which in reality can only protect the perimeter instead of data.
6. Mobile Apps Security Risk
Security testing of mobile applications was not considered in the past to be as significant when the mobile apps were being developed, which resulted in putting several business sectors at risk of security vulnerabilities that were operating mobile apps.
Therefore, private testing companies are now stepping in to do the security testing of mobile applications for organizations to get the maximum profit of mobile apps, especially in the e-commerce sectors where the role of mobile apps and digital commerce plays a crucial role.
In 2020, the implications of cybersecurity have become more essential than ever as the number of cyberattacks is increasing rapidly and are no longer a matter of when and how. The skyrocketing reports of data breach and cybercrimes have even softened the stance of federal agencies on ransomware, who are now regrettably advising companies that in some circumstances companies are better off paying the ransom to keep the data of employees and customers and shareholders protected.
Since the cutting edge technology of smart devices, cloud systems, mobile apps and internet enable services catalyst the attacks of cybersecurity unequivocally. It’s up to us to be one step ahead of these changes, to tackle them firsthand. Companies will, therefore, need to change their traditional policies regarding cybersecurity by implementing advanced security testing to all internet-connected apps and devices.