Hackers & cyber attackers are getting equipped with new methods & tools to break into the system, with each passing year. Importance of cybersecurity providers to up their game to prevent any kind of data breach or loss.
As we recover from the worst pandemic scenario across the world. There is a lot at stake for businesses to run their business operations efficiently. We all are concerned about the cybersecurity trends emerging in 2022 and beyond. This guest post highlights the latest cybersecurity trends meant to take businesses to new heights.
Cyberattacks are happening all over the world & it is growing at a fast pace! The financial losses incurred by businesses due to cyberattacks can be detrimental for businesses. They’re unable to recover from the loss in real terms. It is not limited to large enterprises and even SMBs are at risk due to cyberattacks.
Businesses & individuals operating on the web always have fear of attacks leading to damage to the reputation of the brand. The compromise on consumer data can subject the businesses to costlier settlements & strict regulations. The compromise on consumer data can subject the businesses to costlier settlements & strict regulations.
In the pandemic period, there has been hardly any respite in the cyberattacks. It has even started targeting small businesses for data theft or ransom. Organizations with no cybersecurity parameters in place need to select a protective environment that can deliver the right results.
The recent surveys suggest that US companies have experienced 38% of phishing, 32% of network intruders, 12% of inadvertent disclosures. Make sure that businesses have installed the right security parameters in place to deliver suitable results.
Let us look at some of the cybersecurity trends of 2021 –
Increase of Attacks on Cloud Computing Services
The cloud services & infrastructure are used widely by organizations due to their remote working facility & easy data recovery feature.
The Covid-19 pandemic has forced most companies to look for cloud-based solutions and the trend suggests that the use is only going to increase in the coming years. Due to it, the chances of attacks on the cloud infrastructure are high than normal. It is a reliable technology but can be attacked by cybercriminals if not handled carefully.
Cloud services are offering multiple benefits like efficiency, scalability, & low cost. Going into 2022 & beyond, the trend will continue to grow as the business look for advanced systems to enhance their business motives.
Businesses must be well aware of the security measures to avoid a data breach before undergoing a workload migration.
The Impact of Remote Work or WFH (Work From Home)
The Covid-19 pandemic and the shift in working procedures have led to major implications for the cybersecurity world. For businesses, it includes unplanned cloud migrations & easy procurement of IT products to accommodate new landscapes.
The chance of breaches within the system increases as most businesses are operating on a remote basis. For the swift running of business operations, the companies have rushed urgent security measures. It has resulted in a new level of vulnerability across industries.
The remote work culture is here to stay. Businesses need to assess the present-day security structures for weakening areas that are left untreated. It is important to identify the weakening areas that leave the businesses with vulnerability to threats.
Modern Day Challenges from Ransomware
Ransomware is one of the common types of cyberattacks that has been a headache for businesses for a long time. It results in loss of funds for businesses and often results in loss of data. The common threat will continue to increase as the top cybersecurity trend in 2021. The ransomware is attacking plague organizations with data theft.
The attacks didn’t stop even in the pandemic. Thus businesses need to look for a 24/7 solution to protect against any kind of ransom attack over the internet.
In 2021, it has been witnessed that ransomware attacks are more expensive than data breaches and the trend is most probably going to continue in the coming years. The sophistication within criminals is enhancing or growing and thus it results in extortion attacks. It can be serious trouble given the situation of sensitive data on the line & also the economic impact of paying the ransom.
Enhanced Use of Multi-Factor Authentication
The use of account passwords still remains the standard practice to prevent outside interference. More companies are adopting multi-factor authentication as an additional defense against data breaches & malicious attacks in 2021.
The authentication involves the use of two or more different factors in authorizing the user’s access to secured data. Thus, it forces people to use more than one device to confirm the identity of the user. In 2022, there are going to be modifications in the process. Businesses will rely on such authentications more than ever.
Multi-factor authentication is critical to security, but recently experts are advising the move away from phone-based authentication.
SMS is not sent in an encrypted manner and thus attackers can gain access to plain text codes easily. Thus, organizations need to look for a more secure authentication process to implement application-based MFA. It is important to consider the implementation of MFA in the organization.
The Rise of Artificial Intelligence
Artificial Intelligence is growing in capabilities and businesses will look to hone the technologies in 2021 as part of security patches. Artificial Intelligence is the technology of the future and is considered among the best instruments to tackle cybersecurity issues.
The technology is being used to automate the security systems & replace human intervention in all forms. Thus, the analysis of a large volume of risk data becomes easier at a good pace. It is beneficial for all kinds of businesses and organizations of all sizes.
Artificial Intelligence is providing a major opportunity for stronger threat detection in businesses and the increased use of technology goes both ways.
Criminals are taking advantage of the technology to automate the attacks and thus investment in cybersecurity, with AI in it will be the idle choice. The AI-powered cybersecurity systems are meant to streamline the detection efforts and save millions in the event of a data breach.
Global Phishing Threats
Many businesses are still falling prey to phishing emails, although there is a lot of awareness in IT companies these days. Cybercriminals are using such mails in a more advanced manner for the creation of business email compromise attacks, malicious URLs on the web, & phishing emails.
They are localized & more personalized now than ever. There have been thousands of data breaches in 2021 due to phishing emails and the coming years will be about finding relevant solutions to get rid of phishing mail troubles.
The Bottom Line!
Cybersecurity will remain a constant concern for businesses in the coming years and as the trends evolve, organizations will be seeking new ways to secure their data & defend against complex cyberattacks.
Also, the implementation of a cross-platform antivirus program is meant to provide better protection for devices as the business operates in the new normal of 2021. The coming years will see more advancements in the field of cybersecurity and detailed security against any kind of malicious attack online.