The global business environment and even the general market continue to experience digital transformation at all levels. Whenever you use any online service or connected device, it leads to the creation of billions of units of data sets.
Imagine a situation where personal data gets rendered insecure. All the data that is generated by the Internet of Things (IoT) will lose its reliability.
Potential security risks exist everywhere. Whether you are using a home PC, your iOS device, a notebook, or any other connected device, your data is always vulnerable. The types of attacks can include hacking threats, identity theft, or collection and sale of financial data, to name a few. Everyone is facing the potential threat of becoming a victim of cybercrime.
Defining Cyber Security
This is the age of information economy. This makes information security a critical element in the success, survival, and competitiveness of businesses. The Internet connects computers, mobile devices, and other devices and has become a universal medium of communication. Cyber security has become an important term in this domain. It involves a series of techniques developed for protecting the connected devices against potential threats. It includes online services meant for protecting your online information.
Cyber security aims at protecting personal information through response, detection, and prevention of attacks. It is important for reducing or eliminating incidences of cybercrime attacks.
The incidences of cybercrime have increased dramatically on a global scale. Your chances of becoming a victim continue to increase at a fast rate.
If there is a device that is connected to the internet, it is always at risk of being attacked. The mode of attacks can include cyber-attacks, malware, viruses, breaking password, trojan attacks, loss of credit card information, hacking attacks, fraud, or unauthorized purchases on your card or account.
Cybercrime is a larger topic that covers many other areas, including the following:
- Cyber stalking
- Email spoofing
- Salami attack
Leading Digital Security Trends in 2020
Given the cyber security scenario that exists currently, it is important to find out what industries are doing to stay ahead of the game and protect data at different levels. The last year was a busy year for the cyber-security industry. A wide range of attacks were carried out against government agencies, businesses, and individuals around the world. In terms of financial impact, the losses recorded were some of the highest so far. The year saw major data breaches affecting millions of people. In 2020, cyber security has naturally become a big topic on the agenda in most boardrooms.
So what are the latest digital security trends that will be prevalent in 2020?
1. Data Breaches
A data breach is defined as an incident where private, protected, or insightful data gets stolen, accessed, or used illegally and without permission. Hacking into a network with the intention of stealing sensitive data is a common example of a data breach.
An important digital security trend in this area has been the development and implementation of more powerful data encryption systems. Database files, when effectively encrypted, can protect the data and prevent access without the availability of the right keys.
2. Growth of AI & Blockchain
This is a major trend that will continue to evolve into 2020. Automation and AI will continue to have a big role in improving cyber security. AI has the power to significantly speed up the identification and reduction of new potential threats. This helps in preventing attacks or reducing the risk of initial attacks from expanding and infecting the larger network.
It is not just the cyber security specialists who are taking advantage of AI and machine learning. It is expected that the incidences of ransomware attacks are going to increase this year as attackers will use the same technologies to identify potential vulnerabilities.
Within the next two years, almost half of the servers will use technologies for data encryption. And more than half the security alerts will be based on AI. It is expected that 150 million users will be able to use blockchain-based digital identifiers.
The industry will see the development of new systems developed using the integration of machine learning, blockchain, encryption and analytics to strengthen digital security. The agents working behind these developments will be cyber security companies and government-backed hacking communities.
3. The Era of Cyber War
The bridge between the cyber technologies between the East and West continues to grow bigger. A cyber war has been there between the two spheres, but it is expected to grow even bigger this year. There will be an increased incidence of cyber-attacks being caused between countries, mostly backed by the superpowers that seek to grow their areas of influence. This will require governments around the world to invest more in building their cyber defenses.
4. Security in the Cloud
A significant percentage of businesses have already moved their data, infrastructure, and processes to the cloud. More are now planning to do so in 2020. This has led to the creation of the challenge of protection of both critical information and infrastructure. Since the cloud is a relatively new environment, it requires a new approach to enterprise security.
Enterprises will face many new challenges in the cloud environment, including:
- Maintaining control over critical data
- Tracking threat intelligence in real-time
The environment is going to create new forms of threats for businesses. The traditional security management systems will not be effective, especially in a larger web application infrastructure. Businesses and security specialists are already forced to bring changes to their approach to application security.
5. The Dawn of 5G
5G network is expected to contribute to the exponential growth of connected devices, sensors, and data volume.
- New health applications are being developed to gather health-related data for each user
- New connected automotive technology can keep track of each vehicle’s movement
- New smart applications can gather information on the life and employment of users
The growing reach and influence of 5G network will see more personal data being gathered at different levels. This will also lead to the development of higher-levels of security against potential incidences of data theft and breaches. The technology is expected to create new challenges in various areas including:
- Data Security
6. Evolution of Phishing Threats
Phishing has been one of the earliest forms of cyber security threats. It has continued to evolve and is expected to be a big cyber threat in 2020 as well. It is going to be used for a wide range of purposes, including:
- Stealing identify & credentials
- Sending malware
- Triggering fraud payments
Ransomware attacks are also expected to increase this year. It is concerning that these attackers continue to generate a regular income by carrying out such attacks. Efficient digital security trends that are expected to fight off these potential threats in 2020 include:
- Training staff & business stakeholders
- Deeper security management
- Vulnerability identification & management
7. Enhanced Security for Connected Cars
Modern connected cars have redefined the level of technology integration in the automotive industry. These technologies have been developed to improve user experience and convenience. However, this has led to the development of new security challenges. Both data thieves and car hackers have been able to make inroads into these technologies.
The integration of advanced communication and GPS systems in cars has made them an easier target for cyber attackers.
8. Security of Voting Systems
The 2016 accusations of Russian interference in US Presidential Elections sent ripples across the world. Security of voting systems is now a major concern in democracies around the world. It is expected that potential attacks can evolve to cause disruption in different areas including the media. The use of disinformation campaigns to influence voter opinion, especially on social networks, is also growing concern.
EVM tampering is also a concern, but the greater focus is on the influence of disruption caused by misinformation. In recent years attackers have successfully and repetitively been able to cause disruption. This has affected the reliability and trust of voting systems.
9. Growing Need for Cyber Security Skills
The need for skilled cyber security professionals is expected to grow at an even faster rate in 2020. As already mentioned, this is a new age of security threats. New technologies are more complicated than ever, creating more complex security challenges for enterprises, governments, and individuals.
New advanced tools make it possible for even a small team of cyber security professionals to secure all the web applications, websites, and other resources.
However, cyber attackers are also learning at a fast pace and they too have access to advanced tools. This means that they can also attack private networks using smart devices that exist today. Thus, the need for better cyber security talent will continue to increase this year.
Importance of Cyber Security
It is expected that cybercrime is going to create the biggest risk to enterprises. Many businesses have found themselves in situations where they had no solutions for fraudulent situations. Such cases have put many such companies out of business, especially when they are new firms. There is no other way for enterprises to survive but to embrace digital security.
Today, the cyberspace reaches and affects everyone and in all aspects of life. The right approach to beat cyber-security threats is for everyone to play their individual role in protecting against potential threats.