As people are accessing the internet more than ever, the risk of cyber security has increased over the years. Moreover, Covid has pushed people to migrate their work online and thus increasing the risks of cyberattacks.
Cyber security is not completely a new thing as it has existed since the creation of the first computer virus in 1971. Though we are advancing with the latest technology every day, we are not fully prepared to completely protect our system. As we advance with our technology, so are the ways of getting attacked on the internet. It has become our next goal to make our systems robust enough to prevent these cyber attacks.
In the recent past, many companies have increased their cybersecurity budget, which is quite obvious – work culture is transforming online and companies have all their data on the cloud. Protecting valuable information of an organization is important for sure and no one can deny that.
In this blog post, we have talked about the future of cyber security in 2021.
The first virus in 1971 was the “creeper” virus – a safe application designed to replicate and move from design to design. From that day to now, cybersecurity professionals put their best foot forward to prevent cyber attacks and cyber-attackers and professional hackers are always chasing each other to accomplish their goals.
Here are 7 emerging cybersecurity trends shaping in 2021 –
1. Emerging technologies and devices –
According to a report, by 2027, all devices will be connected to the Internet of Things (IoT). In simple words, it means that every device, information, system and data will be connected to each other.
With such a great change, we also have to make sure that cybersecurity has impeccable standards to defeat the threats as IoT will become the main target for cybercriminals.
As we advance with our technology every day, we need to make sure that all our smart devices like wearable technology, online accounts and information we share with third parties are on the monitor.
2. Higher and frequent threat of Ransomware attacks –
To give you a simple idea of a ransomware attack, we can say that it is a form of malware that encrypts a victim’s file. Once cybercriminals have hacked the system they will demand for payment to decode the files. In technical terms, this is called a ransomware attack.
As cybercriminals get monetary gain by attacking the systems, it becomes the main motivation for them to keep hijacking the systems. Nonetheless, some years ago this was not the case, it has been a few years since cyber attackers have started monetizing their attacks.
Additionally, cryptocurrency has made it easier for someone to attack the systems without any fear as it is next to impossible to track somebody with an end-to-end encryption system of blockchain technology.
A deadly combination of monetization and anonymity of blockchain technology has empowered cybercriminals to attack more rapidly and frequently. This has resulted in high demands for skilled cybersecurity professionals who can counter these attacks with their latest knowledge.
3. Vulnerability of Cloud data –
One of the most lucrative benefits of cloud computing is that companies don’t need physical infrastructure to operate their activities; an everything-online approach reduces operational costs while increasing efficiency.
As all the people and organizations store their data on the cloud nowadays, it has become a hotspot for cybercriminals to attack. Though cloud-based computing services empower companies with access to future-centric software applications, data storage and other services by connecting to the internet, it also acts as a great threat if these systems are not properly configured and maintained.
Securing your online data is one of the crucial things in 2021 as more and more people are working online and remotely.
4. Keeping up to date with the latest systems –
One of the main factors that ease the job of cybercriminals is outdated and inefficient systems. Attacking and breaching becomes easy by connecting legacy systems. By creating and implementing patchwork systems to resolve operational issues, sometimes companies make security vulnerabilities.
With the upcoming technological changes every now and then, cyberattacks are becoming super sophisticated and thus it becomes super easy to target outdated and inefficient systems.
5. Remote Work Risks –
The recent pandemic has made all the work remote and the number is increasing day by day. According to a report by UpWork, over 36 million people will be working remotely by 2025, which is an 87% increase compared to pre-pandemic levels.
With increasing numbers of people working from home, there are higher chances of cybercriminals leveraging misconfigured cloud security measures, insure home devices and networks.
One of the commonest ways to cyberattacks is phishing. It can be done with email, voice, text, and third-party applications.
Such cyber-threats have increased the demand for cybersecurity professionals who can successfully mitigate the risks associated with work from home, and remote work.
6. More use of Multi-Factor Authentication –
With the increasing risk of cyberattacks, people have taken a step forward by adapting Multi-Factor Authentication. In simple words, Multi-factor authentication is an additional layer of security against data breaches and cyberattacks.
By leveraging multi-factor authentication, a user needs to use two or more than two devices to protect and store valuable data.
For example, if you are accessing more than one device for your account, it is important to authenticate verification on all the devices. Even when you are using only one device for an account, it is necessary to protect your data with multi-faceted authentication.
Multi-factor authentication is done by receiving a text message, a phone call or by opening an app in the phone that delivers a code to log in.
MFA is effective enough to secure accounts, yet in 2020, Microsoft’s Director of Identity Security appealed to users to move on app-based authentication as SMS and voice MFA are not encrypted and thus they can be tricked for an attack. Google Authenticator is one of the most popular options along with Microsoft Authenticator, Twilio Authy, and OneSpan Authenticator.
7. Increased Awareness Related to Data Privacy
With increasing awareness regarding online security, people and organizations have become more protective of their data and information. Moreover, there are multiple federal, state and local level data protection laws that organizations need to comply with.
Some of the most important things that need to be considered are data encryption, password protection, and network security to strengthen data protection. It is important to keep a check on your cybersecurity frequently.
With passing days, people are becoming more aware about their cybersecurity and rights. Gone are the days when people were least worried about sharing their information online. Moreover small businesses and big companies are taking adequate measures to protect their online data. The future of cyber security is something to keep an eye on.
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