Cybercrime has become an increasingly significant problem in the 21st century. Businesses and individuals risk hacks, scams, or someone stealing their personal information. With hackers developing more advanced techniques of breaching security walls, more robust cybersecurity measures in place have never been more critical.
Fortunately, cybersecurity stakeholders have taken tremendous steps in recent years to combat these threats. From offering cybersecurity training to investing in cutting-edge security technologies, you and your business can stay ahead of the curve.
As the new year approaches, new cybersecurity trends will dominate the conversation. Here’s a list of the cybersecurity trends to watch out for in the coming year and possibly beyond:
Virtual private networks (VPNs) have become more popular in recent years as a way to protect data and keep information private. Experts see more businesses adopting VPNs in 2023 to keep their data safe from cyberattacks. VPNs encrypt data so parties who don’t have the proper credentials can’t access it. This extra layer of protection makes it more difficult for hackers to steal information.
As VPNs use Secure Sockets Layer (SSL), Transport Layer Security (TLS), or Internet Protocol Secure (IPsec) encryption protocols, the connection to a company’s database will remain secure. Suppose your team works remotely and accesses the database through an intermediate internet exchange point. The connection remains secure even when stretched across public internet infrastructure. This is because hackers can only access the encrypted version of the data.
In recent years, there has been an increase in the use of artificial intelligence (AI) and machine learning (ML) in cybersecurity. Cybersecurity measures utilized these technologies to detect and respond to threats in real time. They’re also critical components in creating predictive models to identify potential threats before they happen.
As businesses become more reliant on data, protecting it has also become more critical. Experts believe AI and ML models in cybersecurity are more robust and accurate compared to human intelligence alone. For example, when auditing smart contract codes or conducting penetration testing, a human tester can miss some vulnerabilities with manual testing. However, with AI and ML, you can identify more vulnerabilities in a shorter period.
Blockchain is a distributed ledger technology that enables secure and transparent transactions. It has already gained popularity in the financial sector and is now utilized in cybersecurity.
One advantage of using blockchain is that it makes it difficult for hackers to tamper with data. Each transaction is recorded on a public ledger that anyone in that specific blockchain can verify. Additionally, blockchain has some uses in creating more secure and efficient decentralized applications.
Tech experts expect the use of blockchain in cybersecurity to increase in the coming years. Businesses have realized the potential of this technology in protecting data and preventing cyberattacks. They can also implement blockchain in their systems by creating smart contracts, storing data, and creating digital identities.
As the number of cyberattacks increases, so does the need for cyber insurance. Businesses need protection in case of a data breach or cyberattack. While cyberattacks target business data, the cost of data recovery, compensation, and litigation can be very high. This means businesses must have coverage and a safety net against an attack’s aftermath.
Cyber insurance works just like any other business insurance. The policy you get helps cover the costs of legal fees, investigations, and repairs. This coverage benefits small- and medium-sized businesses that often struggle to recover from cyberattacks.
Data is gold in today’s digital world. It has become a commodity as it drives business decisions. This is why ransomware attacks will continue to rise in the next few years. In a ransomware attack, hackers encrypt business data and demand a ransom from the organization to decrypt it.
Ransomware attacks are often costly and can lead to businesses shutting down. This is because they must pay the ransom and deal with the attack’s aftermath, such as data loss, downtime, and reputation damage control. Cybersecurity experts believe more ransomware attacks will hit businesses in the coming years, and companies must prepare themselves to deal with these attacks.
As the world inches closer toward 2023, businesses need to prepare themselves for the rise in cyberattacks. They must invest in technologies that help them detect and respond to threats in real time. They also need to have a robust cyber insurance policy to protect themselves from the financial consequences of a cyberattack.
Jessy Lennon is a writer and editor who has been working in the cybersecurity industry for over five years. She works with managed IT services in Salt Lake City, Utah, helping businesses protect themselves from the ever-growing threats of cyberattacks. In her spare time, Jessy enjoys reading and spending time with her family.