The world we live in has changed a lot in the last generation. Parents cannot give their children the ability to go out and play until dark like they could just a decade or two ago. Online purchases, which were unusual at that time, now overpower the daily purchases made in-store for most big-ticket items. Along with the changes to how we live, we also need to expect that many changes will also take place when it comes to cyber security.
Remaining safe while online is vital, especially for businesses who have no choice but to keep up with the online way of doing things. Here are some of the most anticipated changes coming to cyber security over the next year.
Expect Additional Funding to Go Towards Cyber Security
Over the last decade, the amount of money each company dedicates to its cyber security budget has steadily risen. The expectation is that the budgets will be over $125 million in 2020. That is about $2,500 per employee, on average. Governments are increasing how much they spend and dedicate on cyber security as well. The main areas that are often focused on with these budgets is patching up areas that are weak or vulnerable, and avoiding attacks that come from the most mundane places, like mobile devices. The amount of attacks that come from phones are drastically rising and constantly evolving, so new steps need to take place regularly to keep companies and governments safe.
Companies Will Take More Time and Money to Educate Their Employees
One of the biggest reasons that cyber security problems are so prevalent is because people do not understand them completely. In 2020, the number of companies trying to change this is going to rise dramatically. They want to take the time to educate their employees on not only the risks, but how to avoid them. The more aware any company can make its employees, the more people will be on the lookout for potential problems. Plus, this awareness can also be shared with customers, allowing for a larger benefit from the time and money spent. The Cyber Security Expert Master’s program from Simplilearn will equip you with the skills needed to become an expert in this rapidly growing domain.
Credential Authentication is On the Rise
Most people have heard about phishing. However, few realize just how prevalent that issue truly is. Think about how many emails are sent each day – over 290 billion. Out of every 100 emails, at least one is a phishing attack. That means approximately 3 billion emails daily are sent out as phishing attacks, and that number is only going to rise. Companies must combat this. Companies are using defensive software to organize the secure information they gather. Plus, they must automate the security protocols they use to keep themselves and their customers safe. Companies need to take steps to verify their customers as well, keeping all aspects of their secure information safe on sites like Nuwber.
Increased Privacy Regulation
Back in 2018, the rules for GDPR allowed the residents of Europe to have increased power over the accumulation and sharing of their personal information. In January of 2020, the CCPA, or California Consumer Privacy Act, does the same things for the residents of California. These new rules will only apply to companies that gross more than $25 million annually, for the time being. However, more regulations are also expected to be coming down the pipes.
Protection of the Cloud Is a Must
More companies are turning to the cloud daily to securely store their information collected from customers. The thought is that in 2020, at least 80% of any new cloud-based deal will come with even more items bundled than ever before. This includes firewall applications, secure website gateways, and even a network firewall that protects one partition of stored information from another. These investments are expected to rise quickly, but only companies that actually store enough information to justify the cost should really look into these.
Companies Need to Increase Resiliency in 2020
Having options to recover after any type of cyber security attack is something that all companies will have to focus on. Companies of all sizes are being targeted, so they all need to take steps to stay safe. This means having backups done regularly, so they can bounce back quickly should an attack take place. Updating the infrastructures that hold the information helps make this process easier. Plus, by turning to a company like Nuwber, companies can vet new customers, new employees, potential IT professionals, and anyone else they do business with. This allows the company to know who they are dealing with and trusting with their secure information. That way, should an attack ever happen, the company has information it can rely on to start over from just before the attack.
Taking steps to protect companies from future cyber security problems is important. Each year it becomes even more important, since companies become even more vulnerable as the threats evolve. Make sure to take threats seriously enough to always put the safety of the data you collect before everything else.
