Innovative Cyber Security and Data protection practices for digitally driven world.
There was a time not too long ago where executives would scratch their
heads and think “What is Cyber Security”?
Cyber Security plays a big role in the
beginning of defining our future, The National Cyber Security Strategy, published at the start of November last
year has allocated just shy 2 billion to tackle cybersecurity threats until 2021. The Government recently
launched an inquiry inviting companies to put forward their suggestions on how
best to use the funds to improve cybersecurity.
Why is it so important?
The reason why cybersecurity is important
in modern-day society is that it holds a major impact in improving your cyber
speed. It is so because probable cyber threats for your system such as any
virus or malware end up in not only stealing sensitive information but in
reducing the speed of your systems as well
Cyber Attacks
“Cyberattack is
an attack launched from one or more computers against another computer,
multiple computers or networks”
Cyber attacks can be broken down into two broad categories:
- Attacks where the goal is to disable the target computer or knock it offline.
- Attacks where the goal is to get to the target computer's data perhaps gain admin privileges of it
8 Types of Cyber Attack
To achieve these goals of gaining access or disabling operations, a number of different technical methods are deployed by cybercriminals.
v Phishing
v Ransomware
v Denial of service
v Man in the middle
v Cryptojacking
v SQL injection
Zero-Day exploits
What can be done
“There is a light at the end of the tunnel, but it can only come through cooperation and hard work”. Businesses of
all sizes must double down their efforts to maintain and improve their
defenses, and stay in touch with other like-minded groups to share security
info and collaborate on best practices, organizations such as NWCSC are
spreading the efforts to bring companies together on the issue of cyber
security
We need to accept that cyber-attacks
will happen in the future and that damage will occur, it’s next to impossible
to predict when and where an attack will occur. Success lies in how we react and mitigate
these attacks. This will prove to be the best defense, by giving companies the
right tools and know-how to deal with cyberattacks, threats can be dealt with
before they have a chance to inflict significant damage.
Cyber in Digital World
Many firms aren’t aware of is the rising risk of cyber attacks when they digitally connect their systems and data to those of other companies.
In the old ‘physical’ world in which companies interacted by making phone calls, sending invoices and payments through the mail, and conducting meetings in rooms, the risks of such collaboration were much smaller. There are limits to the number of customers you can reach, the number of people you can employ, the number of businesses you can partner with, the amount of information you can store, and the number of products and services that you can offer. By contrast, in the digital world, there are no such limitations. In fact, it is a world of infinite possibility, with an abundance of capital, talent, capabilities, and businesses with which to partner.
To prosper in a world of digital ecosystems, companies will need to change not only the ways they interact, but they also must alter the security procedures they put in place to guard their systems, data (especially customer data), and digital the infrastructure they hand over to the companies that manage public clouds.
- Build new gates that require the machine to present the right credentials—some form of a digital identifier—so that a machine can verify that another machine has access rights. Cryptography, in which automated parties exchange digital signatures to authenticate their interactions, is one way to do this.
Ensure that every company asset—even the humble office printer—has its own authentication process. In other words, the traditional system, where a single administrator can access multiple devices on a corporate network, needs to be scrapped. This might sound like an extreme reaction, but the fact is that hackers make it their business to seek overlooked assets that provide a backdoor entrance to a company’s entire network.
https://sites.tcs.com/bts/three-ways-tosecure-your-automated-machines-blog/. Accessed August 9, 2019.
Turn the digital hackers’ weapons on them by using artificial intelligence and machine learning to develop systems that analyze various threats—network intrusions, distributed denial-of-service attacks, viruses in emails, phishing scams—and identify patterns of behavior.
These measures will go a long way towards protecting a company. But business partners, clients, and customers will want to be reassured that the company has put in place well-designed controls that protect sensitive personal and commercial data.
Here is the list of the latest Cyber Security trends and innovations to watch out for in 2020.
1.
Improved
Automation in cybersecurity.
Automation is becoming a key factor in the IT sector as it presents a substantial advantage in cybersecurity. Automation also makes it easy for IT companies to reduce the workload of their staff. However, even automation requires skilled staff who can have a proper introduction to cybersecurity which will help them create and manage software, which can make life easier for the organization.
2.
Increased
Expenditure in cybersecurity.
Organizations are increasingly spending to upgrade their cyber security with all the innovation and the latest cyber security technology. According to a report of the IDC, spending on cyber security innovations has been around $103 billion in 2019, which is 9.4% higher than the previous year.
3.
Use
of AI for attacking and defending breaches.
Attackers
are likely to make use of Artificial Intelligence in cybersecurity when executing their
activities. With the help of AI, automated systems can detect any wrongdoings
and safeguard the systems that can be hacked. Similarly, attackers can use AI
to make phishing and other attacks which cannot be easily detected. Apart from
attacks, AI has many positive aspects when it comes to defending security
breaches.
4.
Creation
of public Infrastructure.
Utilities are important for the creation of a
pioneering economy, making them very vulnerable to cyber-attacks. Utilities
give important context to several agencies and individuals around the world.
However, most of these still work on outdated software. The possibilities of
downtime and service interferences increase when experts try to fix their
issues.
5.
Development
of 5G.
2019 has been a
year that has witnessed tremendous growth of 5G networks, and the
infrastructure has increased manifolds. In the coming months, it is expected
that 5G IoT gadgets can directly connect with the 5G network rather than
through a Wi-Fi router. In the case of direct attacks, these gadgets could
become highly vulnerable. Even for IoT devices that have home clients, it will
become difficult screening them as they will bypass a central router. Hosting a
large volume of data on cloud storage could also give hackers new areas to
breach in to.
6.
Risk
to data in transit.
The
data available in routers and other IoT centers is increasingly becoming
vulnerable to attacks by hackers. Sensitive information like bank card details,
certifications, and other confidential data can be hacked by malware that can
be easily embedded in a router. IT experts must recommend organizations to
store limited data so that it doesn’t become vulnerable to attacks. However,
hackers are most likely to advance their skills and keep trying out new methods
to steal data and information at the transit stage.
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