2021 Cybersecurity Trends That You Should Know About

In today’s digital age, technology is constantly evolving and increasingly transforming the way that businesses operate. Cloud computing, AI, automation and IoT are emerging technologies that are creating exceptional outlets for companies to grow. However, among these opportunities, there are also unrelenting and imminent cybersecurity challenges that must be navigated as technology advances. 

According to the Cybersecurity Ventures Official Annual Cybercrime Report, there was a 273% increase in cybersecurity breaches in 2020 alone, when compared to the previous year. Not to mention global cybercrime costs that are estimated to grow by 15% every year until 2025, reaching up to $10.5 trillion. Organizations must be aware and able to maneuver this developing cyber-threat environment. This is where Cyberian Technologies can help.

Rise in Data Breaches Caused by Insider Events

Not only accidental or inadvertent data misuse, but also malicious intent may result in an increase of insider incidents this year. In 2019, Forrester reported internal data breaches accounting for 25% of all data breaches. Further Forrester reports estimate insider accidents rising from 25% to 33% this year, thanks to the speedy drive of users operating remotely during the COVID-19 pandemic. 

Retail and Manufacturing Security Breaches

The pandemic has significantly changed customer purchasing habits, which is forcing many brands that used to sell through retailers and distributor supply chains to sell to customers directly. According to the Forrester report, 44% of adults online in the United States are tired of traveling to several stores to research and/or purchase products, while 62% have completed an online transaction. Consumer-facing applications need to be tight to reduce the risk of vulnerabilities that come from being digital. 

Trending AI Integration 

Artificial intelligence (AI) integration may help an under-resourced security team to keep ahead of cyberattack threats that are becoming more common and extreme. By gearing an in-house cybersecurity team with a constant analysis of risk data threats from both structured and unstructured sources, AI prepares them to reduce the amount of time it takes to react. 

Shifting Cybersecurity Organizational Structure

It is likely that we will start to see data privacy evolve from an obligation of compliance, to a more of a distinct discipline more closely associated with security, HR, governance and procedure departments. Given increasing concerns about data processing and protection, Companies that hire Chief Information Security Officers (CISO) to eliminate these security-related silos are sure to skyrocket.

Increased Adoption of Risk Quantification Technology 

Many firms have had to make drastic cuts in technology and personnel budgets this year, which makes it difficult to demonstrate compliance. These increased audits and budget pressures will further force CISOs to adopt risk quantification technology to help resolve any potential audit concerns and threats. These risk quantification tools can offer insights into the criticality of assets and potential effects of a problem in real-time, which security heads can utilize when deciding what assets to retain and what to let go. 

A Proactive Approach to Cybersecurity

Enterprises need to be aware of the increasing trend of threats to the cybersecurity landscape in order to be able to take a proactive approach to remaining safe. Managed Service Providers like Cyberian Technologies help businesses prevent, detect and respond to evolving threats, so that they can maintain security while concentrating on their core business goals. Contact us today to learn more about how we can help protect your critical assets.