5 Cyber Security trends to watch out for in 2020
After spending a few weeks scouring news sites and industry magazines – these are our views surrounding what to look out for in the world of Cyber Security.
Integration with Data Science
Companies are trying to use data in order to give them a competitive advantage, they are doing this by leveraging open source AI algorithms and cutting and pasting models together.
However, these models are dependent on quality data, scalable computing and reliable algorithms. While the rise of Cloud has lifted constraints on compute, enabling companies to rapidly modernise, ethical considerations have been somewhat forgotten.
Gartner believes that AI implementation is outpacing clear regulatory and ethical consensus, threatening the current high stakes surrounding privacy, and that the processing of data is riskier for businesses than collection.
Ransomware isn’t a new topic, but over the past year it has taken a firmer grip with smaller business entities being targeted as much as larger firms (if not more).
McAfee came out in 2019 and said that there would be “stronger Malware as a Service families” as malicious hackers may partner up to consolidate while taking encryption to a whole new level as they begin to publicly disclose or sell stolen data to competitors.
Machine Learning Infusion:
Human error is one of the biggest issues that companies have to deal with from a security perspective (if not the largest). In 2019, 90% of UK data breaches came about due to human error. In order to combat this – vendors and suppliers are increasing their Machine Learning capabilities.
According to Gartner, Cloud and data security make up a much lower portion of security spending. However, they are the fastest growing segment from a risk management perspective.
Machine Learning has the potential to infringe on privacy, if companies don’t manage the discovery process properly, as such it is likely that suppliers will be expanding to reach privacy-specific management.
MSP’s beware of more attacks:
Attacks on remote monitoring and management software used by MSP’s and other remote access solutions can enable multiple organisations to be attacked simultaneously, as MSP’s and Cloud-based service providers became targets in 2019 with at least 13 being struck by Ransomware.
Concepts like zero-trust are gaining traction; however, the implementation is still loose. Businesses are struggling to balance constant validation and user experience. Meaning that operational efficiency creates pushback until security standards are lowered.
Your business could be secure with the right policies and processes in place to mitigate risk etc. but if your MSP isn’t following best practice – you are still at risk.
Security Moonlighting as Privacy:
Companies are leaning on security tools in order to prevent data breaches as there are no dedicated tools for privacy. Data breaches tie privacy and security together with companies like British Airways and Marriott International being penalised for failing to securely protect customer data.
Deloitte have said that 95% of C-Suite executives allocate 20% or less of their Cyber security budget to identify solutions in Identity Management, with legacy systems complicating deployment and companies failing to build in API-based systems that are capable of app integration.