Cybersecurity has always been a fast-evolving industry. Every month, something new to the mix allows corporations to strengthen their online operations. In fact, many companies are now layering more systems into their IT systems to generate more value, enhance customer experience, and facilitate safe remote work.
But despite all of these developments, there is still room for theft. With the advancement and availability of technology, adversaries (hackers) are becoming successful in devising new and more intricate ways to exploit internet property. Without a proper cybersecurity strategy, it is fair to say that even the most sophisticated of controls have the potential to get hacked. This makes it crucial for us to be aware of the most recent developments in the cybersecurity field.
So without further ado, here’s what the future holds for cybersecurity:
The prevalence of 5G and IoT
With the growth and expansion of 5G networks, the Internet of Things will usher in a new era of interconnectivity (IoT). The connectivity between numerous devices makes them vulnerable to outside assaults, unidentified software bugs, and interference.
Even Chrome, the most popular browser in the world and one that Google supports, was discovered to contain significant bugs. Because 5G architecture is still relatively new on the market, extensive study is needed to exploit weaknesses and strengthen the system’s defenses against outside attacks. The 5G network may experience several attacks at every stage we are unaware of.
Manufacturers must be cautious when creating advanced 5G software and hardware to prevent data breaches. Having that said, a couple of IT degrees can offer insight into the current situation. An online masters in cyber security is one such example. This program can help individuals learn about the latest developments in the field, plan and implement security strategies, and improve corporate management.
Significant changes are coming to cyber insurance.
The insurance sector is especially vulnerable to disruption when it comes to cyber insurance. 67% of businesses said they had already bought cyber insurance.
Due to the high price and limited coverage alternatives, many companies have previously been hesitant to buy cyber insurance. However, this is changing as the market develops and more insurers join the market. The cost of cyber insurance will rise as it gets more and more mainstream. This is because insurers are beginning to understand the full breadth of the dangers involved. Rising premiums are also a result of increased ransom payments.
It is anticipated that premiums will increase in the upcoming year as insurers raise their prices to reflect the actual cost of cybersecurity threats. Few businesses will most likely be able to acquire coverage. Those that do will, however, be more prepared in the case of a cyberattack.
Although it is one of the newest technologies in cybersecurity, machine learning is playing a bigger and more proactive role. One of the reasons is that machine learning makes cybersecurity easier, more efficient, and less expensive (ML).
This system builds patterns and tries to manipulate them, anticipating and reacting to active attacks in real-time using powerful algorithms based on complex data. It can assist in the prevention of future attacks and decrease the amount of time cybersecurity experts must devote to repetitive tasks. To put it in another way, applying ML to cybersecurity systems helps them to assess threat patterns and learn the habits of hackers.
One of the best predictions for 2022 is the cybersecurity mesh architecture (CSMA), which was motivated by the intricacy and security weaknesses that a security architecture produces. CSMA aims to develop a method for security solutions from many suppliers to accomplish certain security objectives cooperatively. To do so, Gartner has established four CSMA Foundational Levels that outline important security objectives, such as:
- Distributed Identity Fabric
- Consolidated Posture and Policy Management
- Security Analytics and Intelligence
- Consolidated Dashboards
A company can mitigate some primary problems connected with security architectures by implementing CSMA-compliant solutions.
More businesses are moving to the cloud due to its tremendous benefits. A cutting-edge predictive security model must be used to combat online criminals if the cloud is secure. This model can recognize danger before an attacker starts to move.
Businesses that use predictive security clouds have seen an exponential rise in ROI. And if we consider a wider range of businesses, they have all embraced the use of multifactor authentication to bolster security.
Targeted ransomware is another significant cybersecurity development that we cannot ignore. Industries, particularly industrialized countries, rely largely on software to carry out daily operations. The Wanna Cry attack on National Health Service hospitals in Scotland and England corrupted more than 70,000 pieces of medical equipment.
These ransomware attacks are highly targeted. Even though ransomware typically threatens to make the victim’s data public unless a ransom is paid, it can also harm large organizations or entire countries.
Smarter social engineering attacks
Phishing and other social engineering attacks are not new risks, but they have grown increasingly concerning in light of the widespread use of remote workers. Attackers target users connecting from their homes to their employer’s internet because they are simpler targets.
Due to the success of messaging apps like Slack, Signal, WhatsApp, Skype, WeChat, and others, SMS phishing, often known as “smishing,” is becoming more prevalent. Attackers aim to lure consumers into downloading malware onto their phones via these platforms. With more frequent phishing attempts on workers, whaling attacks against executive organizational leadership have also increased.
Businesses are improving their anti-phishing defenses, but thieves constantly seek new ways to stay one step ahead. This includes sophisticated phishing kits that use location-based targeting to target victims differently.
Threats to the supply chain are growing.
Targeting software supply chains is a growing trend for cybercriminals. According to a reliable estimate, 80% of IT experts say supply chain attacks are the biggest cyber threat. The ability of these attacks to shut down an organization’s whole software supply chain and operations, causing severe commercial disruption, makes them extremely successful. Therefore, it should be no surprise that supply chain threats will be one of the major developments influencing the cybersecurity sector in 2022 and beyond.
Nobody can predict the future of cybersecurity, and many sectors are still working out how to fortify their networks amid the current instability. These 2022 trends provide insight into what we can expect in the future. With these predictions, we can say that all the administrators and software developers will have their hands full in the future.