Emerging Cybersecurity Trends

Staying on top of cybersecurity in the business and personal world requires monitoring the trends. Cyber criminals have begun using sophisticated methods and techniques using advance available technology, for this reason cybersecurity must adopt the latest technology to counteract the threats of cyber criminals. Here are some emerging cybersecurity trends that you should be aware of.

Multifactor Authentication

Multifactor authentication (MFA) also referred to as two-factor authentication or 2FA has become more common in the business world and many service providers have included this authentication method. MFA provides another layer of protection an additional authentication method to confirm a users identity. After entering primary credentials such as username and password, you will require authentication by entering an additional code or connecting a USB security key. This additional verification requirement reduces the risk of a cyber criminal gaining access if the primary credentials were compromised. MFA can be implemented by using a number sequence hardcoded or generated by an application or by using a USB security key.

Data Protection

We are in the information age where data is the most valuable part of any business. Data is the new gold and in the hands of the right person can be monetized or used as leverage. Many companies have started to move their entire systems to the cloud as a way to provide flexibility in their operations and also better facilitate telecommuting. This results in cyber criminals targeting businesses with cloud services. For this reason cybersecurity uses the available technology to protection information and cloud services by controlling access, providing backups, and data encryption. Data protection also takes into consideration General Data Protection Regulation (GDPR) and how technology can gaurantee user and business privacy.

Telecommuting influenced Technologies

The COVID pandemic led to an increase in telecommuting which created new cybersecurity risks due to many cloud services not being designed with security in mind and the high demand for these services during the COVID pandemic. This created opportunities for cyber criminals to exploit which resulted in cybersecurity adapting new techniques and improving technologies to counteract the high rise in cyber attacks.

5G Security

Wireless or mobile internet and networks have been plagued with security vulnerabilities mostly due to these technologies not being designed with security as its primary consideration. 5G on the other hand was built with security from the ground up. However with its increased bandwidth comes with the use of new devices and connections. This creates new cyber related risks for cyber criminals to exploit using the efficiencies of the 5G network, also looking at ways to compromise 5G systems. So, there is a need for strict 5G security software and techniques to protect users against the potentially cyber crimes.

Impact of Artificial Intelligence (AI) and Machine learning

The sharp increase in the application of AI and machine learning to make businesses and individuals more efficient in completing tasks will also include the use by cyber criminals to be more efficient at committing cyber crimes. AI and machine learning increases the ability to process and analyze large blocks of data and also increased execution of tasks. For this reason cybersecurity must implement the use of AI and machine learning in businesses and networking with other stakeholders to better counteract the efforts of cyber criminals.

Cyber Insurance

As cybersecurity issues become more prevalent, cyber insurance is set to dominate the market. Providing protection in the event a business is compromised, this type of insurance will be considered crucial. Like any type of insurance, it is important to compare providers. Not all policies will include everything you need. So, you’ll want to make sure the insurance you are investing in covers the potential risks you are exposed to.

Filling the Cyber Security Skills Gap

There has been an increase in individuals acquiring cybersecurity skills however there is still a gap to be filled. We can expect to see even more persons entering the sector, filling the gap for better protection. Cybersecurity experts will prove invaluable at protecting both consumers and businesses from cyber-attacks. It is more crucial now than ever before to protect ourselves and our data from attackers. So, throughout the year ahead, we are sure to see a lot more cyber security tools and software introduced onto the market.