How will these 2020 cybersecurity trends impact you and your business? From ransomware to encryption, find out the cyber trends to follow this decade.
The cybersecurity industry has exploded over the past several years with new risks and even greater possibilities for our business and personal lives.
James Forbis from 4BIS.COM, a Cincinnati, OH cybersecurity expert shares the 2020 cybersecurity trends you need to follow.
- Data Science and Security Merging
Big data gives companies the competitive advantage they need to survive in a data-driven world. But collecting, aggregating and analyzing that data are no longer the primary focus of data science.
Criminals can use all kinds of data to steal, manipulate and harm those it was collected from. Companies like Facebook are coming face to face with this heavy responsibility.
This is changing how we manage data collected. Cybersecurity, which was at one time somewhat of an afterthought, has now become wholly integrated into data science for a good reason. We can expect this merger to continue in 2020 cybersecurity trends.
- Mobile Device Risks Increasing
Mobile risks and security in business aren’t new. You had a security policy back when your managers were carrying around their Blackberries.
But advancements in mobile technology make it easier for employees and freelancers to work from anywhere. And mobile devices are increasingly the targets of criminals. Employees are enticed within everything, from free wi-fi to malicious software.
With more employees accessing business applications from mobile, there’s more chance of compromise and the need for more advanced solutions.
- New Cloud Security Risks
More companies are using cloud backups to protect themselves against cyberattacks that destroy data or hold it for ransom. But transferring and storing data in multiple locations–especially ones you don’t own–bring new risks of data interception and cloud storage data breach.
Business cloud service providers and cybersecurity professionals alike are working to ensure this data is safe through tiered services based on the level of protection you need, enhanced encryption, anonymization of data, and other advanced security solutions.
- Third-Party Apps a Big Problem
This app would like to access your microphone, camera and complete financial history. What?
Third-party apps make life easier. But it’s often unclear exactly how they’re using the tools or information we give them.
This puts us at risk. Among the 2020 cybersecurity trends we’re watching, we expect to see both a crackdown on malicious app developers and new ways to verify that apps are safe.
- Cyber Insurance Becomes a Must
2019 saw a considerable increase in city, healthcare and non-profit ransomware attacks. FBI cybercrime data shows that both the frequency and costs of attacks continue to rise, with over 900 reported events a day in the US. Losses exceed three billion dollars.
Today, many businesses are no longer asking “if” they’ll be attacked but “when”. This has led to not only improvements in cybersecurity infrastructure within companies but also a need to buy insurance if those measures fail.
- Passwords Going Away
Another 2020 cybersecurity trend born out of the increase in cybercrime is this one. We’re also realizing that passwords don’t work as your primary line of defense.
They’re hard to remember, so people end up writing them down, using them on multiple sites and choosing codes that are as easy to remember as they are to crack. It’s just too easy for a con artist to trick you into sharing it by spoofing an email or website.
Businesses are turning to biometrics, two-step authentication, hardware tokens and more to battle these cybercrime risks.
- State-Sponsored Cyberattacks
Not long ago, going to war meant guns, soldiers, taking ground and protecting the homeland. Now, much of that battle is fought online and many don’t even realize it’s going on. We’re increasingly seeing countries, including Iran, North Korea, Russia, China–and Yes, the U.S.A–putting government funding behind developing cyber-technologies to attack utilities, elections, key industries, etc.
We’re not here to judge any government’s intentions. But the fact is that this makes cybersecurity the new “Arms Race” in a manner of speaking and state-sponsored cyberattacks a cybersecurity trend to watch.