Businesses are at risk every day, not just from cyberattack but also from within. Third-party and fourth- party vendors are becoming an important part of running a successful organisation, which brings with it a number of hidden risks. There was massive attention towards cybersecurity in 2019 among the general public and the IT industry. With credit card fraud, identity thefts, ransomware attacks, and a surge of new apps, information security has never been crucial. And the trend is the same in 2020 too.
In 2020, there has been a significant increase in cyberattacks and even more concerning that these attacks are not only from isolated hackers. There are Nation-State entities that orchestrate these attacks to infiltrate government and private agencies to steal sensitive data. Let’s take a look at the cybersecurity trends that are dominating the year 2020. 5G implementation Telecom companies are spreading higher bandwidth that enables 5G technology across the words. And with that, there is an explosion of data volumes and the number of connected devices. Today, electronic health applications gather more data about the user’s wellbeing, and new car technologies are monitoring a user’s every move. Several smart apps are collecting information day and night about a user’s lifestyle. With a truckload of this personal information being collected, 5G technology has to supervise higher security levels against any data breach and theft. More development in artificial intelligence Artificial Intelligence (AI) is advancing at an astounding level, and technical experts incorporate it in every product possible. There is a presence of machine learning technologies in almost every commodity, and information security is working hard to include in cybersecurity. New technologies like face detection and recognition, natural language pocession, and others use deep learning algorithms. Significant information security systems are constructed using detecting engines with human logic as a base. But to keep these systems up-to-date and ready for the latest threats, manually watching each technology and device is near impossible. Artificial Intelligence is helping experts by quickly identifying new risks and responding faster to them. IT experts are using AI to block cyberattacks before they spread further effectively. Gaps in cybersecurity skills In 2020, there has been a massive demand for cybersecurity professionals as security teams are continuously dealing with online threats. But cybersecurity officials and individuals feel that keeping their skills and that of the team up-to-date is a difficult job with significantly fewer resources being invested in raising in-house expertise. An increase in general awareness for the importance of cybersecurity As organizations are using digital technology and algorithms in all of their products and services, there is a growing awareness of cyberattacks. Companies, both big and small, are focusing and investing deeply into cybersecurity. More and more organizations realize that a potent cybersecurity strategy and rapid action plan are not just luxuries but a necessity. Network security is making a permanent and vital place in the software development lifecycle as SecDevOps is integrated at every phase of development. The fast spread of smart consumer devices Smartphones, fitness trackers, smart speakers, smartwatches, and intelligent home security systems have become an integral part of personal life in 2020. And they are not simple toys anymore as their functionalities have evolved massively. People are becoming dependent on these devices, which rely on personal data to function. The interdependence between person and machine is turning into a lucrative target for cybercriminals. Until 2019, cybersecurity officials were only challenged to protect servers and PCs. With a growing number of smart devices, the challenge is growing ten-folds. Bottomline Technology is an ever-growing business and has given us several useful resources to develop as a society. But it has also opened a Pandora box for the cybercriminals around the world. Cybersecurity and information security with security systems are a must and need more investment and development now more than ever. RiskXchange is a leader in cybersecurity ratings management We support over 100,000 organisations when it comes to enterprise and third party risk management
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RiskXchangeRiskXchange is a leader in cybersecurity ratings management We support over 100,000 organisations when it comes to enterprise and third party risk management Cybersecurity |