The number of security breaches, lethal IT security threats is increasing and so does the variety and volume of attacks. There is a pressing need to set up advances and procedures in place to deal with such issues. Today, the biggest challenge in cyberspace is the cybersecurity and attacks are evolving at an unprecedented rate. It can have broader political and economic ramifications, considering the multiple cyber-attacks across the globe and the increasing complexity and intensity of cybersecurity attacks.
- 60% of companies have experienced cyber attacks such as DDoS attacks, phishing, and social engineering attacks ( Cybint, 2019)
- The cyber security market will be a $300 billion industry by the year 2024 ( A 2019 press release by Global Market Insights)
- Cybercrime damages will cost the world $6 trillion annually by 2021. (Cybersecurity Ventures)
Cybercrimes have become lucrative with smarter cybercriminals. If intelligence-driven cybersecurity is applied it will, enabling a swift response to the advanced attacks. If a breach goes undetected the stakes for protecting one’s organization from cyber threats will increase in 2020. The focus of the organizations should be on fixing the already existing vulnerabilities. They might be hardly noticeable but it is easier and cheaper to fix them.
Below are some of the cybersecurity trends for 2019.
1. Increased Automation In Cyber Security
Automation has been gaining a good footing in the business. Currently, IT security specialists are already using or planning to use automation tools and platforms inside their company in the coming years. Such use of automation is likely to decrease the weight on understaffed cybersecurity teams and increment effectiveness.
2. Spending On CyberSecurity Will Increase
The world is spending more and more on cybersecurity. Spending on cybersecurity solutions such as software, hardware, and services is on the ascent. Businesses and organizations are increasingly putting resources into security solutions which means this speed of development should continue for years to come. The biggest individual market with largest spending is expected to be the US.
3. More Use Of AI For Attacks
AI systems won’t be the only target of the attackers. They will also use AI strategies to amplify their own crimes. Automated systems that are regulated by AI could test systems and networks scanning for unknown susceptibilities that can then be misused. Phishing and other social engineering attacks can also be done using artificial intelligence. Disinformation campaigns that apparently look sensible can also be launched.
4. Use Of AI For Defending Attacks
There is also a good side to the AI security story. Currently, threat identification systems utilize machine learning techniques to separate totally new threats. Furthermore, it is not just attackers using AI frameworks to look for clear weaknesses, protectors can also use AI to save their settings from attacks. For example, AI-controlled systems could report a progression of simulated attacks on an enterprise system warning that an attack will reveal a weakness, which can then be closed before the attackers find it.
5. Development Of Public Infrastructure
Utilities are central to a pioneering economy but they are also targets for cyber attacks. It is true that they provide a crucial framework for many individuals and governments across the globe, but they often work using old, outdated innovation. However, attempting to renovate their cyber barriers and renew defects in cybersecurity can lead to service interferences and downtime. A lot of their infrastructure is confined by private organizations, which are not equipped to deal with key dangers of cybersecurity. Hence a situation is there that can be exploited by hackers.
6. Growth Of 5G
Several 5G network infrastructure deployments began at a time of accelerating 5G activity. In the coming time, 5G IoT gadgets will link directly to the 5G network rather than via a Wi-Fi router. This arrangement is likely to make such gadgets even more vulnerable against direct attack. Similarly for home clients, it will make it more and more difficult to screen all IoT devices because they avoid a central router. The capacity to back-up or transfer huge volumes of data efficiently to cloud-based storage will provide attackers rich new targets to exploit.
7. Capturing Data In Transit
It is expected that increasing endeavors should access home routers and other IoT centers to get some of the data going through them. Malware that is inserted into such a router can, for example, steal banking certifications, credit card numbers, or display malicious website pages to the client to get access to confidential data.
8. Shadow Of IT Resources
Some of the effective attacks experienced by companies will be on their shadow IT assets by next year. Business units handle the truth of the enterprise and likely involve with any device that allows them to complete the responsibility. Organizations need to understand the way to address shadow IT and form a philosophy of acknowledgment and protection versus detection and punishment.
9. Exploiting Supply Chain
The software supply chain is under an inevitable attack. Attackers insert malware into otherwise real software bundles at its typical distribution area. Such attacks can occur during generation at the software vendor or at a third-party provider. The attacker can supplant a genuine programming update with a malicious form to reach expected targets rapidly. Ultimately, the computer of anyone accepting software updates will be infected.
10. Cloud Can Be A Threat
Most of the new deals for cloud-based access security brokers (CASBs) will be connected with a network firewall, secure web gateway (SWG) and web application firewall (WAF) platforms. There are apprehensions about client migration to the cloud and bundling buys, organizations have to evaluate the application deployment guide and select whether CASB investment is reasonable.