Top 5 Cybersecurity ‘Trends’ to Watch in 2020
Ever-evolving technology developments are changing the phase of the industry, bringing it closer to the end-user.
In the process, organizations are transforming culturally and functionally towards, being ready to face every new competition and challenge that the change throws.
As they become closer to end-users, security, compliance and regulatory are becoming the top priorities for most organizations. Thanks to the digital revolution that brought this strategic shift!
At this juncture, the information security professionals are turning out to be the ‘most-wanted’ to fight growing cyber challenges.
Here are top-5 cybersecurity trends that require attention in 2020 and beyond
1) Security and Data Scientists
Data is the discussion point everywhere. Same in the case of cybersecurity. In the current data-driven business context, security comes to the forefront as the organizations increase leveraging the data potential to perform advanced functions like Artificial Intelligence and Machine Learning.
Additionally, Cloud made it easier for organizations to scale to any level as the situation demands. This very flexibility has encouraged innovation on one side and on the other, also raised questions over possible violations of security and privacy. This is going to be crucial as users are becoming more conscious about the way companies use their data. So, any chances of data loss, misuse, leaks, etc. are no more easy things to let go. Privacy is of utmost concern!
2) Ransomware at the Next Level
Security risks like ransomware are growing with each passing year. Today, data theft is a big concern for most companies. Ransomware operators earlier were just threatening companies for payments at the cost of stolen data. Now the situation has intensified, where they are also finding better deals in selling the stolen data of a major player to their competitor. Though this is referred to as a micro-trend, it’s going to see its bigger picture in the near future, say the experts.
3) Machine Learning Can be Helpful
Machine Learning (ML) has eased majority tasks for the IT industry. More companies are also using ML to address human errors in security implementation. Driving successful security implementation through ML requires the perfect binding of algorithms and data sets.
Experts say ML has the potential to cause an impact on privacy policy. “Through that kind of discovery process using machine learning algorithms and big data sets, there’s potential to have privacy issues if you don’t bind algorithms and your data set appropriately,” says Matt Scholl, chief of the computer security division at the National Institute of Standards and Technology (NIST). In this regard, vendors are most likely to focus on privacy-specific developments.
4) Managed Service Providers (MSPs), Alert!
It’s high time for MSPs to be aware of the growing security threats. MSPs suffered security attacks in 2019 giving rise to the ‘zero trust’ trend among end-users. They are expected to be targets in 2020 as well until security standards are rectified. Remote monitoring, remote access and management software are going to be the crucial areas making MSPs vulnerable to security risks. Adding patches supported by multi-factor authentication can reduce the severity of the risks.
5) Tools and Protocols Continue to be Crucial
There are specific tools for privacy and mechanisms for data security. Companies are expected to depend on the existing security tools for ensuring data safety. However, the fact is data breaches present privacy and security implications together. Cybersecurity measures act on protecting the perimeter rather than data directly. Identity management is going to be a crucial thing leading to security threats, if not dealt properly.
As the surveys show, 95% of C-suite executives allocate only 20% of their budgets for identify solutions. Moreover, companies are finding no other way than outsourcing identity management needs, owing to weak cybersecurity skillset.
Overall, it’s high for companies to rethink their security strategy to fight the new challenges ahead in 2020 and beyond!
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