The cybersecurity market is constantly evolving with new technologies. It now offers better protection from data hacking attempts and attacks.
Cybersecurity threats are growing due to ever-expanding data usage across industries. Hackers constantly try to gain access to networks and systems. Agency personnel are working hard to prevent these intrusion attempts. We've discussed below some of major changes that will impact the industry, as well as how it can counter the threat of information theft and data snooping.
1) Artificial Intelligence/ML: A combination of AI/ML is helping to improve cybersecurity in businesses of all sizes and industries. While AI assists in identifying unusual usage patterns and ML aids machines to imbibe them to prevent hackers and malware attempts. Both technologies work well together and combined can help organizations fight cyber threats.
2) Mobile Hacking As mobile devices become an increasingly popular replacement for computers, laptops and tablets, hackers are now a prime target. The number of sensitive data stored on our smartphones, including personal information and bank account details as well as images, makes it a top priority for hackers. In light of the increased threat perception, cyber agencies have refocused efforts on smartphone security solutions. We can definitely expect major developments in this field in the coming months.
3) Distributed Cloud Technology. Cloud storage was instantly popularized by a wide variety of businesses across many industries. It allows companies to outsource storage requirements to big-data companies. This technology helps save a lot of money for everyone involved in the value chain. The vulnerability of centralised cloud storage has increased over the years. These centralized cloud storage systems are a popular target for data hackers. Companies have responded by focusing their efforts on developing distributed cloud technology. The idea behind this is to spread cloud storage across the globe, which will significantly reduce the hacking threat. In this scenario, even if one data store is hacked by someone else, all other data sources remain safe and secure. The technology is quickly moving up the ladder and industry leaders like Microsoft, Amazon, Google, and Amazon are working hard to become the best in distributed cloud storage technology.
4) Targeted Ransomware Attacks. Tech aficionados are encouraged to take part in ransomware attack sabotage. Experts notice that ransomware attacks have become more targeted. They are targeting IT, healthcare and large corporates. Ransomware attacks are especially dangerous for the healthcare industry. No one can forget WannaCry's ransomware attack in 2017 on the UK's National Health Service (NHS), which left the entire healthcare system in ruins and disrupted. These targeted attacks must be stopped by undergoing a complete transformation of the data network security. It is obvious that this requires significant investments on the part of all stakeholders. However, every penny that goes into the IT infrastructure of companies will be worth it.
5) Countries-Backed Cyberattacks. In an effort to consolidate their strategic dominance countries are increasingly conducting cyberattacks on their counterparts. Cyberattacks have become a powerful tool in the strategic arsenal of governments because of the current geopolitical tensions. In 2022, there will be a lot of cyberattacks across the globe. The intensity could even exceed expectations as many countries are preparing for elections.
6) Launch of 5G Technology. Experts warn this could make it easier for hackers to target users of the technology. IoT devices are at risk as the interplay between various gears makes them susceptible to hacking attempts. Due to the new nature of this technology, attackers will be able to exploit its weaknesses once the commercial applications go live.
Over the past two years, cyber threats' nature has changed. The attacks are more focused, quick, and concentrated in geographical areas. This requires that the entire IT industry needs to work together to counter the new-age hackers. Collaboration is key to overcoming cyber threats. As policymakers can assist the industry in driving innovation and bringing innovative solutions to the market, their role is equally critical.
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