Data breaches can do serious damage to businesses, costing an average of $7 million in lost revenue, recovery, and loss of brand authority. For even the biggest business, this a risk that’s not worth taking. As hackers can now reach into your company through multiple channels, businesses need to follow cybersecurity trends closely.
Typically, malware is shared through emails or downloads. As more companies are sharing server space on remote servers distributed around the planet, there are more ways to get hacked. Another site that happens to be housed on the same server could be infected and could spread to your business.
In order to stay ahead of vulnerabilities that could damage your business, you need to pay attention to cybersecurity trends. Watch these 6 trends to know what’s about to change in the industry.
1. AI and Machine Learning
AI is taking a bigger role in every industry, including cybersecurity. Machine learning models can take trends from the work of cyber criminals and help to predict for the next move. They can identify attacks as they happen and quickly respond.
Training your machine learning models could end up blocking the next big attack.
2. Watch Out For Ransomware
Ransomware has been hitting lots of high profile victims because of the amount of money cybercriminals could get. As hacking gets more sophisticated, ransomware could be spread to even smaller businesses.
In order to protect, make sure you’re constantly updating your OS and backing up your VPS hosting system.
3. In Case Of Breach, Be Professional
Companies like Equifax, that waited to disclose there was even a breach, kept people in the dark. This ruined their credibility and put even more people at risk.
If you’re breached, be open and honest with your clients.
4. Smart Devices Are Sitting Ducks
The IoT devices that are starting to pop up everywhere have allowed more entry points for bad actors. As famously stated, misleadingly, by government officials, IoT devices can be hacked into.
While your microwave won’t be turned into a microphone, networked home security devices leave open another kind of entryway for hacking.
5. Skilled Professionals Are in Short Supply
Finding talented and trained cybersecurity professionals is hard for small to medium-sized businesses. Large corporations suck up all the talent, leaving most cybersecurity professionals out of the price range of smaller companies.
Through outsourcing, more companies should have access to better cybersecurity in the future. As more companies understand the basics of cybersecurity, we should see more opportunities arise for engineers to learn as well.
6. We Need A Common Language
One of the major issues is that cybersecurity experts and engineers are using multiple frameworks. With the adoption of the NIST Cybersecurity Framework, we will see more people working from a common perspective.
Cybersecurity Trends Move Quickly
The number of high-profile hacks that have happened in recent years has gotten the conversation started. More people know about cybersecurity than ever before. Until things like two-factor authentication are basic norms, we could be struggling with gaps in our systems.
If you’re ready to implement new cybersecurity techniques for your company, contact us for more tips.