“True cyber security is preparing for what’s next, not what was last.”
– Neil Rerup, Aryav
In 2018, it was estimated that the cybercrime economy was estimated to be worth $1.5 trillion. Yet, a whopping 73% of companies are not prepared to respond to a cyber-attack. As cyber-incidents continue to rise, it is in the best interest of companies to place a top priority on keeping their IT security up to date. A key part of this is keeping abreast of the latest developments in cybersecurity technology. In this guide, we explore some of t new innovations that are enabling organizations to bolster their security practices in 2020.
Trend #1: GDPR Goes Global
As we come into a new year and a new decade, it’s evident that data protection and personal privacy rights are set to become even more important. Since the launch of Europe’s General Data Protection Regulation (more commonly known as GDPR) in 2018, a number of non-EU countries (including Australia, Brazil and Canada) have introduced similar legislation. In 2020, it is anticipated that even more countries will roll out their own data protection laws.
Trend #2: The Emergence of “Smart” Security Systems
In 2019, innovative new cybersecurity solutions were developed that made use of artificial intelligence (AI) and machine learning (ML) technologies. These intelligence-driven solutions could identify threats in real-time thereby enabling organizations to act proactively rather than re actively to cyber-threats. Another major advantage of these “smart” cybersecurity solutions is that they can analyze data in order to make decisions with minimal human input.
Trend #3: Cloud Security A Top Priority
As an increasing number of organizations choose to move their workloads, applications and data to the cloud, cloud security will remain a top priority. In 2020, experts anticipate that cloud service providers will continue to enhance security to protect their various cloud platforms. However, at the end of the day clients themselves will have the responsibility of securing any applications and data that are kept within these cloud environments. Among other things, this will mean remaining vigilant against data loss, leakage, privacy breaches, and confidentiality issues.
Trend #4: Securing the Internet of Things (IoT)
“IoT without security = internet of threats.”
– Stéphane Nappo
According to Gartner, the number of Internet of Things devices will exceed 20.4 billion by the year 2020. According to a study from HP, 70% of IoT devices are vulnerable to attack. Experts in cybersecurity argue that the rising adoption of IoT will increase the exposure of enterprises and individuals to bad actors. In 2020, we will likely see the development of innovative solutions aiming to resolve security challenges related to the IoT.
Trend #5: Next-Gen Authentication Technology
Did you know that over 85% of cyberattacks are caused by people getting tricked out of their passwords? This is hardly surprising however when you consider the poor password habits kept by most people (e.g. reusing passwords, using weak passwords, sharing passwords). Throughout 2020, it is likely that we will see more and more organisations move away from password authentication. Instead, there will be a gravitation towards more advanced and secure authentication technologies such as biometrics, web authentication and multi-factor authentication.
Find Out More
If you would like to find out more about the new technologies that are taking over cybersecurity in 2020, then you should check out the infographic below from Paradyn. This insightful guide goes through a number of new cybersecurity trends related to data protection, Artificial Intelligence, cloud security, and the Internet of Things plus much more. Scroll down to the infographic below to learn more today.