Protect your company by doubling down in future of cybersecurity

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Date: 26 May 2021

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Companies will always be cybercriminals' hot targets. After all, your company is a treasure trove of financial or personal data. The cost of a breach in data loss is massively damaging for businesses of all sizes. Plus, you may also lose customer trust. As a business owner, you need to take action. You can protect your company by taking advantage of advanced cybersecurity measures. So, what does the future of cybersecurity hold?

The treats and sophistication of cyber-attacks went to an all-new level 

The sophistication and frequency of cyber-attacks continue to skyrocket, especially with the ongoing pandemic. As the cyber-attacks went to an all-new level, they tend to become the most challenging risk to manage within your company. Below are the topmost damaging cyber threats for companies in 2020 that are expected to continue in the current year:

Social engineering

This cyber threat includes quid pro quo, scareware, phishing emails, and other techniques. All these social engineering techniques manipulate human psychology. 

Ransomware 

This data encrypting program is the third most common type of malware used in most data breach cases. In 2020, the overall sum of ransom is about $1.4 billion.

Third-party software 

Many eCommerce retailers in the US are connected to more than 1000 third-party resources, from which 23% of those assets face at least one critical vulnerability. Once a single application is compromised, hackers will have a gateway to access other domains.

DDoS attacks 

In the first half of 2020, approximately 4.83 million attempted DDoS attacks. Hackers employ previously compromised devices by hacking or malware to form a botnet to ensure coordinated DDoS attacks. Meanwhile, you may already know that using a classic VPN was not a good idea. That is because the hardware limits the ability to scale, perform efficiently and slows down the adoption of cutting-edge technologies. If you want a better option, you can opt for a hybrid VPN solution (mi-cloud, mi-hardware).

Cyber cloud solution implementation transforms limitations into strengths 

A cyber cloud solution offers a set of technologies, controls, procedures, and policies that work together to protect cloud-based data, systems, and infrastructures. Cloud-based security measures strengthen all the security vulnerabilities within your company. These measures are configured to support regulatory compliance, protect cloud data and customer privacy, and set authentication rules for every user and device.

Cloud security is configured based on your company's exact needs, from access authentication to traffic filtering. Since this solution is configured and managed in one place, you will have reduced administration overheads, while your IT team can focus on other business areas. Cybersecurity threats constantly evolve and become more sophisticated than ever, making the benefits of a Cybersecurity Solution like centralised security, reduced costs, reduced administration, reliability, essential

SASE: Cybersecurity market and tools revolution 

Secure Access Service Edge (SASE) is an emerging cybersecurity concept. It has already revolutionised the cybersecurity market and tools. It regroups the best practices and latest technologies, such as Zero Trust, SD-wan, SDP, Firewall as a service, DNS Security, etc., under one umbrella. As a result, your company unifies your cloud management while drastically reducing the number of tools necessary for IT Managers to secure company assets and networks.

The convergence of the Wide Area Networking (WAN) and various network security services in one cloud-delivered service mode are called SASE. Its capabilities are delivered as a service according to the entity's identity, enterprise compliance and security policies, real-time context, and continuous trust or risk assessment throughout the sessions. These entities identities are associated with people, groups of people, services, edge computing locations, IoT systems, or devices. The SASE cybersecurity model is designed to protect a company in several ways, including:

Data protection 

As you implement data protection policies within the SASE framework, expect that sensitive data abuse and unauthorised access are prevented.

Threat prevention 

SASE solution comes with full content inspection integration, so your company will benefit from more visibility and security into your network.

Increased performance 

SASE can simplify the IT infrastructure through minimised security products that the IT team manages, updates, and maintains.

Cost-savings 

Rather than purchasing and managing different point products, SASE can reduce your IT resources and expenses by using a single platform.

Zero Trust 

With the Zero Trust approach, trust assumptions when applications, devices, and users connect are removed. Whether the users are on or off the corporate network, the SASE solution offers complete session protection.

Increased flexibility 

Having a cloud-based infrastructure means you can implement and deliver different security services, including next-generation firewall, data loss protection, credential theft prevention, DNS security, sandboxing, web filtering, and threat prevention policies.

The role of AI in behaviour analysis and threat identification in real-time 

According to Norton, on average, companies take 196 days to identify data breach cases. Fortunately, Artificial Intelligence (AI) came into the scene. AI is known to provide insights needed to help your company understand threats. While these insights allow you to reduce response time, they also make your company security best practices compliant.

AI's brain is Machine Learning (ML), an algorithm type that allows the computers to perform data analysis, make decisions, and learn from past experience, resembling human behaviour. ML algorithms in cybersecurity detect and analyse any security incidents automatically. AI and ML techniques improved the vulnerability databases' vulnerability management capabilities.

Tools like UEBA (user and event behaviour analytics), once powered by AI, analyse the user behaviour on endpoints or servers. Then, they detect anomalies that indicate unknown attacks. As a result, your company is protected before vulnerabilities are reported and patched.

Conclusion 

Hackers use human error and rework work to steal critical corporate data. The FBI has revealed increased complaint rates about cybersecurity since the beginning of the global health crisis. According to the Global Risks Report 2020, the chances to catch and prosecute a cybercriminal are almost 0.05%. That is why you need to consider more advanced cybersecurity solutions.

Copyright 2021. Featured post made possible by Liraz Postan of Liraz Postan Ltd.

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