TOP 10 TRENDS IN CYBERSECURITY

TOP 10 TRENDS IN CYBERSECURITY

TOP 10 TRENDS IN CYBERSECURITY

In recent years, cybersecurity has become an increasingly important issue. This is due to the fact that as our world becomes more and more digitized, the potential for cyber-attacks increases. Cybersecurity is the practice of protecting your computer networks and user data from unauthorized access or theft. There are many different ways to achieve this, such as using firewalls, antivirus software, and passwords. The reason why cybersecurity is so important is because our lives are increasingly being lived online. We use computers to shop, bank, communicate with friends and family, and do many other things. If our computer networks are not protected, then we are at risk of having our personal information stolen or our computer networks being hacked.

Cybersecurity is not just a concern for individuals and businesses, it is also a concern for governments. In fact, many governments have their own cyber security teams that are responsible for protecting their computer networks from attacks. There have been many high-profile cases of government computer networks being hacked in recent years. The most famous example is the attack on the US Office of Personnel Management, which resulted in the theft of over 20 million personal records.

FOLLOWING ARE 10 TRENDS IN THE CYBERSECURITY TO WATCH IN THE YEARS TO COME.

 

1. Network Security Monitoring

Network Security Monitoring is a big aspect of cybersecurity. This is the practice of monitoring and analyzing our networks and user data to identify any potential threats, both external and internal. Our computer networks can be monitored using Intrusion Detection Systems (IDS). An IDS would monitor the users as well as the traffic entering and leaving our network for anything unusual. If there is an unauthorized access or an attempt at unauthorized access, then this will trigger an alarm that allows us to take appropriate action.

The Internet has become such a central part of everyday life that it would be impossible to avoid if we were affected by a cyber-attack. We all use computers today, either at work or at home, but many companies do not have formal cybersecurity plan in place. It is important to make sure that everyone understands the importance of practicing good cyber security habits, such as using strong passwords, not clicking on suspicious links or attachments, and keeping your operating system updated. All these small steps will drastically increase our online security.

cybersecurity trends
cyber security trends

2. IPv6 Network Security

IPv6 is the latest version of the Internet Protocol, and it offers a number of improvements over IPv4. One of the most important improvements is security. IPv6 features built-in security capabilities that make it much more difficult for attackers to penetrate your network.

One of the biggest security threats with IPv4 is Address Resolution Protocol (ARP) spoofing. ARP spoofing allows an attacker to hijack a connection by sending fake ARP packets to the target machine. This can allow the attacker to eavesdrop on traffic or even take control of the machine. IPv6 eliminates this threat by using a cryptographic protocol called Neighbor Discovery Protocol (NDP). NDP uses a secure hash function to verify that packets are coming from authorized sources.

Another security threat with IPv4 is the lack of authentication and authorization. With IPv4, anyone on the network can send packets to any other machine, regardless of whether they are authorized to do so. This can allow an attacker to launch a denial-of-service attack or install malware on the target machine. IPv6 addresses this problem by using authentication and authorization mechanisms that ensure that only authorized users can send packets to other machines.

3. Mobile Device Security

As the reliance on mobile devices for both personal and professional use increases, so too does demand for better security measures for those devices. According to a study, global spending on mobile security solutions is expected to reach $5.9 billion in 2018, up from $3.5 billion in 2017. This growing demand can be attributed to a number of factors, including the increasing number of cyberattacks aimed at mobile devices, as well as the ever-growing array of sensitive data that is now stored on them. In fact, a recent study by IBM found that the average business user now has more than 1,000 sensitive files stored on their mobile device.

Given these, it’s no wonder that businesses are looking to implement better mobile device security solutions.

4. Targeted Attacks, APT & Social Networks

Targeted attacks, Advanced Persistent Threats (APT) and social media are gaining in demand as companies realize the value of these methods for reaching their targets. These three methods offer different advantages that can be very valuable to businesses. Targeted attacks are becoming more common because they are very effective. By targeting a specific individual or organization, the attacker can be sure that they are getting the most bang for their buck. They can focus on exploiting specific vulnerabilities that only apply to the target rather than trying to attack every possible system. This increases the chance of success and reduces the amount of work that needs to be done. Advanced persistent threats are also becoming more popular because they are very successful at breaking into networks and stealing data. With the help of social networking, attackers can gather information about a target and send them targeted messages that are very likely to be opened.

Targeted attacks have been used for some time but APT is becoming an increasingly popular method because of its success rate. Attackers use APT because they know that it has worked in the past and it will continue to work as long as companies do not change their data security methods. Social Networks have recently become a valuable tool for attackers due to all of the information available on these websites. There are plenty of tools out there to help with gathering this information and using it against people. These three different methods can bring businesses together so that the entire company’s network is compromised instead of just focusing on one individual user. This leads to a greater chance of data leaks and stolen information.

5. Cloud Computing Risk Management

The need for Cloud Computing Risk Management is growing, as recent research shows that 80% of the CIOs are interested in “Cloud Computing Risk Management” and want to move their infrastructure into cloud. Security Professionals have expressed concern over public clouds because most organizations lack visibility into these environments, leading to potential security threats. The Gartner study also reveals that there is a gap between application security measures taken at data center level (64%) and those applied at cloud level (16%). This lack of control and visibility is causing many IT and Security professionals to worry about cloud computing risk.

The research was conducted by Gartner, Inc. on behalf of Openwave Mobility, a company specializing in mobile web browsing security solutions for mobile carriers and enterprises. The research found that the cost-effective benefits of “Cloud Computing Risk Management” outweigh its negative aspects such as security concerns (50%) or performance problems (47%). The study brings out some interesting insights: more than half of all CIOs consider public clouds as the ideal platform to host their applications over the next five years; at present, there is a gap between application security measures taken at data center level and those applied at cloud level; 44% will restrict use of public cloud providers for data security purposes; and 56% of the Security Professionals surveyed consider public clouds as a threat to their company.

6. Cyber Crime and Money Laundering Tactics

The demand for money laundering cybercrime is increasing day by day. The main reason behind this is the increase in the number of online transactions. The criminals are taking advantage of the weak security systems of the businesses to launder their money. Another reason for the increase in money laundering cybercrime is the lack of awareness among the business owners about the different types of attacks. They are not aware of the fact that they can be targeted by the criminals. The businesses should take steps to protect themselves from such attacks. They should install a powerful security system and should also train their employees about how to protect themselves from such attacks. The business owners should also be aware of the different types of cyber-attacks such as phishing and vishing.

Laundering money online is not a tough task for criminals. They can use various methods to launder their money including cryptocurrency, cheque kiting and credit card fraud. The first method that they adopt is cryptocurrency which includes bitcoins and others. There are many websites on the internet that offer these currencies at a cheap rate and then sell them at high prices in the black market.

Cyber Crime and Money Laundering Tactics
Cyber Crime and Money Laundering Tactics

7. Insider Threat

The cybersecurity industry is booming, and for good reason. Insider threats are on the rise, and businesses of all sizes are feeling the impact. In fact, a recent study by Cisco revealed that 60 percent of businesses have suffered at least one insider attack in the past year.

What is an insider attack? An insider attack is defined as any unauthorized access to or use of data or systems from within an organization. Insiders can include current or former employees, contractors, and even business partners. Why are insider threats on the rise? There are many reasons why insiders might choose to launch an attack. They may be disgruntled with their company, seeking revenge for perceived wrongs. They may be trying to steal information or sabotage systems for financial gain. Or they may simply be careless or misguided in their efforts to help the organization.

No matter the motivation, insider threats are a growing cybersecurity risk. According to the Cisco study, 54% of businesses polled believe their employees pose an increased cybersecurity threat versus 49% in 2020. In addition, half of those polled reported facing attacks originating from within their organizations. Although insider threats come from many different sources and can strike at any time, there are steps that organizations can take to mitigate the risk they pose to cybersecurity efforts.

8. Government-Sponsored Cybercrime

Governments are increasingly becoming the drivers of cybercrime, as they seek to acquire new capabilities and strengthen their own security posture. This is in turn leading to a heightened demand for cybersecurity products and services, as businesses and individuals seek to protect themselves from attacks. A recent study by McAfee found that government-sponsored cybercrime is now the primary threat to organizations, with 60% of respondents saying that they had been targeted in the past year. The report also highlighted the growing trend of nation-state actors using cyberattacks as a tool for espionage and sabotage.

This increasing level of risk has led to a surge in spending on cybersecurity products and services, with global spending expected to $1 trillion over the next five years. This trend is particularly evident in the United States, where politicians and security officials have been calling for increased federal funding. With fears that state-sponsored cybercrime poses a significant risk to national security, the Obama administration has requested $19 billion for cybersecurity spending in 2016.

With demand outpacing supply and the number of attacks continuing to rise rapidly, this threat will continue to present a major challenge in years to come. As such, businesses and governments will need to work together with cybersecurity firms and service providers in order to protect themselves from these sophisticated threats.

9. IT/OT Convergence

The Industrial Internet is a system of physical equipment, machines, vehicles and other items—embedded with electronics, software, sensors, actuators and connectivity that enables these objects to collect and exchange data.

Enterprises are looking at IT/OT convergence as a way to reduce cost per connection. OT networks have been around for years but they have been traditionally closed systems that don’t connect well with the outside world. At some point most companies will attempt to connect them via an IP network or cloud services. This has set off the need for cybersecurity professionals who understand both worlds too. According to Bureau of Labor Statistics employment opportunities for cyber-security specialists is expected to increase from 18% from 2012 through 2022 – faster than average*. Very few university programs teach the necessary skills needed to navigate the multi-protocol security world, so on-the-job training is usually required.

10. Data Breaches and Other Threats to Privacy

Cybersecurity Ventures predicts global information security spending will grow from $3 trillion in 2015 to $6 trillion by 2028. According to the Symantec 2016 Internet Security Threat Report , there were more than 2 million cyberattacks per day in 2019, a 638 percent increase over the previous year. In 2019, more than 1 billion records were lost or stolen due to data breaches and cyberattacks, which is an average of nearly 3 million records compromised every day. The report also found that 91 percent of all leaders had detected a breach of their networks in the past year and 27 percent reported more than five attempted attacks on their networks every week.

TransUnion’s data breach index reached a record high January 2018 with 791 data-breach incidents, exposing more than 164 million personal records. Data breaches and cyberattacks were the third most reported threat in 2019, according to Risk Based Security’s 2019 Cyber Risk Report.

The reasons for these dramatic increases are varied, but include an increase in the number of data breaches caused by insecure web applications, susceptibility of mobile devices due to their widespread use to conduct business transactions, compromised IoT devices used to distribute malware, ransomware attacks on large organizations, 1.2 billion credentials stored in clear text online via underground forums and other cybercriminal activity.

As a result of this growing risk environment caused by an increasing volume of cyberattacks conducted by black hat hackers looking for financial gain or nation states seeking intellectual property or geopolitical advantage targeting industries with high concentrations of valuable data, cybersecurity is becoming a top priority for businesses of all sizes.

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