5 Cybersecurity Predictions Every CIO Should Know

Enterprise Security Magazine | Monday, September 16, 2019

Unlocking the security to safeguard the cyberspace with advanced cybersecurity technology that helps the businesses to protect their applications and data from malware and cybercriminals.

FREMONT, CA: The number of information technology services, cloud systems, and the connected devices is constantly increasing, and is believed that the connected systems will explode in a few years. This will happen as these systems comprise of a large amount of data, popularly known as Big Data. The large volumes of information must be protected from fraud. Cybercrime is a constant change as the cybercriminals continue to develop the increasingly dangerous and sophisticated attacks. When the cybercriminals' tactics increase day by day, the field of cybersecurity advances their techniques and methods day by day. This clearly means that the coming years will see a drastic change in the cybersecurity employed by the enterprises. Here are some predictions that will change the cybersecurity landscape in the coming years.

AI will play a major role

As Artificial Intelligence (AI) and machine learning are improving, both are to play a major role in cybersecurity. AI software can automatically detect the fraud and neutralize them even before they can cause any significant harm. AI will also likely be used to perform simulated attacks on a network in order to find and fix system vulnerabilities that might be helpful to hackers. It is estimated that AI will surely play a crucial role by helping the companies to fight themselves against the cyber attacks. As the enterprises depend upon AI for defending against the cyber attacks and the fraudsters can use against these high-tech AI detectors and use them to deploy even more sophisticated AI-generated attacks. However, AI will play a significant role in shaping the future of cybersecurity in the coming years as the technology becomes more sophisticated.

Two-Factor Authentication

As the websites are trying to stop the increased sneaking of cybercriminals from hacking into profiles and stealing user information, it becomes an option for the users to use the two-factor authentication. It enables the users to go through the second piece of identification, such as an answer to a security question or a verification code received via text message before being allowed to log in. These features are currently used by websites such as Facebook and Google, and many other financial institutions are using two-factor authentication, a mandatory process to get into one's online banking.  Although two-factor authentication is not under a perfect cybersecurity solution,  it will be a mandatory step to go through multi-factor authentication.

Diminished Ransomware attacks

Continuing from 2018, it is estimated that the ransomware will continue to fall throughout 2019 and 2020. Ransomware will continue to be a problem and threat for the enterprises, as hackers have shifted their focus on the targeted attacks as they gain more revenue. Ransomware has been a dominant threat faced by the cyber world in the year 2017, that affected more than 448 percent of the business at the time. The enterprises should know that this significant threat is less common as they were once before. As the technologies progress by the years,  the world will see a drop in ransomware threat. Although it diminishes, the ransomware attacks that do take place will be devastating and represent a significant financial loss.

The Dramatic Increase in Security Spending

As the cybercriminals continue to improve their sophisticated method of attack, it is said that cybersecurity spending will drastically increase in the coming years. As the enterprises grow increasingly fearful of the cost and the PR nightmare a security breach can pose, businesses are investing more on defending themselves against cyber attacks. It is expected that businesses market will spend around $124 billion in 2019, as the businesses continue to defend themselves against attacks.

Supply Chain Attack will Hike

An area where the cybercriminal target the most will be targeting attacking the software and hardware supply chain. The cybercriminals have started the implantation of malware into legitimate software packages and updates at the plant, distributing location, or the third-party facility. Any user who unknowingly uses the malicious version of the software will find that their computer gets automatically effected, and this allows them to open up to an, even more, wider data breach.

Even when cyberattacks are increasing day by day, cybersecurity professionals are continually innovating to find new ways to defend and protect the companies' software, applications, and data.

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