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Over the past years, companies are trying to cope with the ongoing digital transformation. They are increasing the use of IoT devices in enterprises while moving data to cloud computing. The emergence of online data centers, cloud transformation, and connected devices’ growing use is doing wonders for companies. Entrepreneurs are enjoying low costs, better infrastructure management, and higher productivity levels.
Unfortunately, all these benefits come with the need for increased security and data privacy management. With advancing tools, hackers and cybercriminals of the 21st century have also become smarter. Therefore, organizations have to increase spending on cybersecurity infrastructure. Business executives and security professionals have to work in closer alignment to address security issues around tech-savvy innovations. After all, no business can afford to risk confidential data.
When a cyberattack occurs on a company’s digital assets, there is much more at stake than data loss. In addition to putting your reputation at risk, you have to foot millions of dollars in lawsuits and fines. After the year of cyberattacks – 2019, new tools, Software, and applications are coming into play for enhancing security. As a result, it is evolving as one of the fastest-growing industries. Do you want to know more? Here we are unfolding the latest cybersecurity trends.
1. Smart Consumer Devices
With the unstoppable progression in the internet of things, the cybersecurity industry is also becoming lucrative. If you are interested in technology, pursue an online degree program to combat the underlying cyber threats. These days, every home has smart devices – smart speakers, fitness trackers, watches, and home security cameras. However, these devices are no longer toys or technological innovations but an attractive target for cybercriminals. Fortunately, these professions are taking steps to mitigate the chances of cyberattacks.
Have a look below.
1. Secure Routers: Firstly, individuals and organizations have to secure their internet connection. Instead of sticking to the default settings, immediately change the password used to access locations. Pick the WPA2 or WPA3 option and check if everything else is up to date.
2. Keep Software Up to Date: When a software developer sends an update, don’t delay the installation process. It might be a patch for existing security flaws or offer better security protocols.
3. Encrypt Web Traffic: In the urge to boost web traffic, marketers ignore traffic quality. Utilize a virtual private network (VPN) since it works as an encrypted tunnel, shielding data from attacks.
4. New Targets for Attacks: Transport Infrastructure
In 2020, we are experiencing a connected transport infrastructure – all thanks to software development platforms. These applications offer car drivers better flexibility and road safety with the help of GPS trackers. If there is a traffic jam, the map will automatically show red signs on the routes. Otherwise, in the case of construction work, it will show a separate signal. In addition to promoting convenience for drivers, it is leading to the development of self-propelled vehicles.
Simultaneously, it is increasing the number of vulnerabilities, leading to exploitation from hackers. It is targeting centralized IT systems to take over cargo and equipment. One new tactic is ‘fictitious pick-up’ as thieves use false credentials to pose themselves as truckers. Similarly, they are altering GPS routes to stop trucks from tracks and hack car systems. Alongside affecting the driver’s road safety, it is disrupting traffic and urban security.
Cybersecurity professionals are collaborating with logistics sectors to monitor suspicious activities. They are also encouraging everyone to install cyber-protection systems and enable security alerts. Irdeto is one of the most trusted cybersecurity solutions that will protect your platform from cybercriminals. It protects user data, while security alerts inform about threats beforehand, giving you enough time to take action.
5. Phishing Attacks
While email marketing remains everyone’s favorite, cybercriminals are finding new attack routes to trick people into giving information. Are you familiar with phishing? Let’s say you get an email from FedEx with the subject ‘you missed the delivery.’ Since you recently made an order, you will get tempted to open the email to track your package. After following the link, you notice your computer slowing down because malware consumes all personal data and information. It is how you fall victim to one of the oldest cyberattacks.
People and organizations are generally aware of these attacks, but such smart tricks make it impossible to detect threats. As a result, cyber professionals are introducing anti-phishing Software. It suspects bogus emails before reaching the target’s userbox. Alongside this, companies should start investing in reliable Software that is not spamming the screen with advertisements. It reduces the chances of attacks while protecting your device against malware.
6. 5G Security
The Telecom industry enjoys hefty profits and stores vast amounts of sensitive data. It has come into cybercriminals’ eyes and witnessed direct attacks on operational data and indirect attacks on its subscribers. Surprisingly, the emergence of 5G is likely to increase vulnerabilities and infrastructure risks, raising user privacy questions. 5G offers short-range access, meaning communication towers will be nearby. Thus, it increases the risk of tracking the user’s location.
Cybersecurity professionals are encrypting user information by using cipher algorithms. Besides this, 5G security itself authenticates the owner. Before a device joins a network, it verifies the system to close doors for breaches. Moreover, it can slice networks to segregate private traffic and centralize control to overcome security threats.
7. Security Responses with Artificial Intelligence (AI)
In this digital world, the benefits of AI are no surprise to anyone. Companies are leveraging chatbots, predictive analysis tools, and algorithms to enhance user experience. Unfortunately, these systems are also prone to cyberattacks. At times, it compromises the integrity of decision-making processes by delivering malicious inputs. Likewise, hackers can also gain control of datasets that are built-in AI models. As those datasets comprise confidential information, it can raise many privacy concerns.
At the same time, AI is helping analysts stay ahead of threats. It overcomes dangers from millions of research papers, blogs, and news, providing instant insights to combat attacks. It helps you battle through the noise of countless alerts, reducing the response time. Cybersecurity professionals are leveraging cognitive computing that connects dots with threats and provides actionable insights. Hence, you can respond to threats and breaches more efficiently.
Many organizations struggle to identify cyber threats until something substantial happens. Cybersecurity professionals help in minimizing damage from cyberattacks. It also eradicates the chances of cyberattacks. Therefore, companies reaping the benefits of connected devices, 5G, or AI have to understand cybersecurity trends. Start investing in cybersecurity to streamline your business operations.