Not everyone will pay attention to tech trends that phase in and phase out each year, there are too many to count, but cybersecurity trends are a different animal.
Considering in 2019 “the average cost of an attack rose between $108k to $1.4bn,” here are some of the latest cybersecurity trends you need to know so your business stays informed against cyber threats and data thieves.
Vital Infrastructure Is Coming Online at an Accelerated Pace.
This is not a new idea, but now that businesses are forced to work remotely to stay afloat, more and more of their infrastructure has been transferred digitally to the cloud for remote access. While this transition was far smoother, organized, and methodical prior to the pandemic, the 180-degree shift in only a few months to a work from home environment means access to vital company information is now easier than ever before, for more than just the employees…
Increased Attacks on Vital Service Providers.
Everyone is at risk. Smaller businesses are targeted with the perception their security measures will be lower, however industries storing vital personal information have become the largest victims. Financial institutions and healthcare organizations cannot afford to lose their data, so when hackers deploy their ransomware and now also threaten to leak their records, most organizations are willing to write the check. In 2019 “the cost of a data breach in the healthcare industry was the highest at $6.5 million”. Not only have ransomware demands increased, but hackers are now working on collaborative partnerships for more intensive attacks.
IoT Connected Devices.
New technology means new devices, and new devices mean increased security threats as each of these are internet accessible and provide a pathway for bad actors to infiltrate our networks. 61% of organizations in 2019 experiences an IoT security incident, and IoT devices themselves experienced an average of 5,200 attacks per month. With a global market size of $1.29 trillion, and the number of connected devices expected to hit 35 billion by 2021, the rate of attack is projected to skyrocket. That new, sleek, internet-connected refrigerator you just bought, can be a straight-shot to access your personal information if not secured properly. That’s IoT.
A Devastating Cybersecurity Skills Gap.
“During 2020, research suggests the number of unfilled cybersecurity jobs will increase from just 1 million in 2014 to 3.5 million,” Forbes explains. So, a climbing deficit is what we’re looking at, in an essential field that is growing exponentially, not good. This is expected to be a matter of public concern as we continue to face new threats in every field of our technology. The world will need sufficient people and skills to combat attacks, investing and training existing staff to prevent and mitigate risk will be a primary focus in the years to come.