5 Cybersecurity Trends Your Business Needs To Know About

You know the saying ‘Fail to prepare, prepare to fail’? Well it’s no different when it comes to cybersecurity. Here we shed light on key cybersecurity threats and solutions, so you can better prepare your defence strategy.

IoT Security

With the popularity of products like Alexa, smart thermostats and smart locks, the Internet of Things is only on the rise. Whilst we love the benefits and convenience that these items bring to our lives, securing these devices and the information they hold often takes a backseat. The seemingly innocent nature of these devices can lead us to have our guard down when it comes to security. After all, you might only be asking Alexa to play your favourite radio station…but she more than likely has your bank details and billing information stored as well.

From 2016-2017, the number of IoT attacks increased 600% according to Symantec. The number of unsecured IoT endpoints continues to rise and although there are technologies that help protect against bot-based attacks, this only serves to mask the problem. Businesses risk to lose their customers’ money as well as their trust if they don’t create smart products with security in mind. We are then set to see security experts come together with developers to build security into the design of our smart products.

Beyond the IT Department

As cybersecurity transitions from imagined threats to a day-to-day reality, the responsibility for managing this stems far beyond the IT department. Rather than clearing up the mess in the aftermath of a cyberattack, Management must work with the IT department and the business as a whole to take a proactive approach to cybersecurity. 23.5% of cyberattacks happen due to inadvertent actors – employees that accidentally made a wrong decision that led to a breach. Creating best practice guides and ensuring all employees understand how to protect themselves and the business are key steps. All employees should recognise that they have a part to play in keeping themselves and the organisation they work for secure. From reporting phishing emails to identifying threatening behaviour, cybersecurity is everyone’s responsibility.

Biometric Security Booms

The introduction of GDPR saw stricter regulations about personal data information being imposed, but it’s our over-reliance on passwords that’s still putting us at risk. In 2017, 81% of hacking related breaches involved stolen or weak passwords. Moving beyond passwords, biometric security is a growing way to protect our identities from hackers. Although biometrics may sound a little sci-fi, these are just methods that connect your physical self to your digital self. Many of us are already using biometrics on a daily basis, like Face ID to unlock iPhones and fingerprint ID to make payments through digital wallets. Combining biometrics with contextual controls like location offers an extra layer of protection when determining someone really is who they claim to be.

Harnessing Machine Learning

We’ve already seen the use of artificial intelligence and machine learning to improve business practices, and now businesses are making the most of machine learning’s predictive power to defend against cyberattacks. Instead of merely mitigating the impact of a cyberattack, businesses are beginning to use machine learning to better protect themselves. Doing this involves taking massive sets of data and analysing them to identify patterns and recommend appropriate action. It’s hoped that in the event of a future attack, it can be recognised and avoided – saving organisations millions, along with the priceless trust of their customers.

Skills Shortage

With the advent of new technologies, there’s an ever-growing need for skilled cybersecurity professionals. For organisations that don’t necessarily have the existing knowledge and skills in-house, finding the right people to look after cybersecurity is no mean feat. Much more than technical skills, organisations should look for candidates that are adaptable, inquisitive, resilient and dependable. These key behavioural attributes will be helpful when learning the necessary skills needed to thrive in this field.

 

Making use of both education and the latest innovations are then vital to tackling cybersecurity issues. Organisations that address these issues early and adopt appropriate cybersecurity strategies are ahead of the game when protecting the safety of their employees and their customers