The Digital Revolution is sweeping the globe. All major businesses and organizations are relying heavily on technology to perform even the most basic day-to-day tasks. However, with technology, threats have also evolved, making cybersecurity a necessity.
If you keep up with the following cybersecurity trends, 2023 might just be the year for you!
What Is Cybersecurity?
Cybercriminals have leaked the personal information of about 47% of American adults. 1 in 5 people report a huge financial loss due to cybercrime every year. The need for cybersecurity is much more apparent now than it was in the past. What is it, and how does it work?
Cybersecurity refers to the practice of protecting networks, devices, and electronic systems from the following:
- Damage
- Theft
- Digital attacks, etc.
It involves using policies, methods, and technologies to protect your systems against many cyber threats. Some of them include the following:
- Phishing attacks
- Viruses
- Malware, etc.
The Growing Threat of Data Breaches
One instance of a data breach can bring down an entire organization. It can result in losses of millions. Unfortunately, some of these attacks are often initiated by employees since they have access to internal servers.
Here are additional facts about data breaches:
- Most data breaches involve stolen, reused, or weak passwords.
- In the United States, there were more than 1,700 data breachesreported in 2021.
- Businesses with fewer resources to protect themselves are at a higher risk.
- It can take up to 280 days to contain a typical data breach.
Top Cybersecurity Trends, 2023
AI-Enabled Technology
Some of the best Big Data Consulting Services recommend integrating AI technology to steer clear of security threats.
With the introduction of AI into all commercial sectors, technology, along with machine learning, has significantly changed the cybersecurity dynamic. Artificial intelligence in cybersecurity was worth more than $10 billion in 2020. In four years, it’s expected to increase to $46.3 billion. What role does AI play in cybersecurity? For one, many AI-enabled threat detection systems can detect data breaches and attacks. They can also notify the admins immediately.
Additionally, Al algorithms detect vulnerabilities and also suggest solutions to address them. As a result, organizations are able to address many security risks before they occur.
Automation
One of the most popular incidents of data breach occurred in 2013. Unfortunately, Yahoo was the target of it. More than 3 billion user accounts were exposed due to the breach when a group of hackers accessed the site’s confidential information.
Hence, it’s important to accept that data is much more vulnerable to security threats today than ever before. This is why many Big data consultants recommend integration to get sophisticated control over information. The latest cybersecurity trends revolve around using automation to increase the accuracy and speed of security processes.
How does it work? For one, automated systems can respond to security threats in real-time. They analyze vast amounts of data such as:
- Signs of malware
- Unusual user behavior
- Suspicious network traffic, etc.
Furthermore, automated incident response systems can also contain security incidents in time. They work by isolating infected systems, shutting down compromised accounts, and blocking malicious traffic.
Multi-Factor Authentication
Multi-factor authentication (MFA) requires users to submit more than one form of authentication before they may access an account. It serves as an additional layer of security to protect against cyberattacks.
The passwordless authentication market of MFA was valued at $12.8 billion in 2021. No wonder this method of security is only getting more and more popular in mainstream markets.
Data Encryption
Speaking of cybersecurity trends 2023, how can we possibly miss out on the importance of data encryption?
Did you know that hackers can also take control of your car? Automotive hacking, if successful, can mean the following:
- A hacker is able to take over the vehicle
- They can shut it down
- They can spy on you
- Hackers may also be able to unlock it
- They may install malware on the vehicle
- They can track and steal it
Data encryption is one of the widely used measures against automotive hacking. It works by encrypting/securing sensitive information exchanged between components of a car’s communication network. As a result, hackers have a hard time intercepting this data.
What happens to a message when it’s encrypted? The system converts plain text into the scrambled form. You can only decipher it with the right encryption key. This means the hacker won’t be able to read or modify it without the key.
Identity and Access Management
Identity and access management (IAM) is a widely used measure. It helps organizations ensure that their sensitive data is only accessible to authorized individuals. IAM works by providing a centralized system for managing user access to data. It significantly reduces the risk of data breaches.
Globally, this market is valued at over $26 billion. By 2028, it is only expected to increase by 130%, thanks to its convenience regarding customer identification and employee security.
A reliable IoT Solutions & Consulting Company ensures that you have the right tools to deal with data breaches and other cybersecurity threats.
Cloud Security
The adoption of cloud technology is increasing by the hour. This type of security has become a top priority for organizations. It involves securing applications running in the cloud by using security controls like:
- Secure session management
- Output encoding
- Input validation
Businesses can face disruptions due to many factors. Some of them are natural disasters and cyberattacks. To ensure that they can resume their operations swiftly, cloud providers offer disaster recovery and business continuity planning too.
Final Words
Cybersecurity dangers are a reality, and they are unlikely to go away anytime soon. It is critical that you safeguard your data and avoid it from being exploited by hackers or even employees.
At Vates, the best System integration company in the market, our teams work day and night to ensure that you have the tools to tackle any possible cybersecurity threats. We have invested our resources into our Research and Development field so you can navigate the world of AI and machine learning easily. After all, the best way to protect your company from a major data breach is by keeping up with cybersecurity trends, 2023.
Ready to make a leap? Contact us now for more information.
