Cyber Security Trends and Predictions for 2018
With the degree to which we depend on the internet for both work and leisure, it’s critical to make cyber security a top priority. Recent research shows that over 30,000 websites are hacked every day. With this great of a risk at work, it’s important to take proper precautions.
This is no small task. After all, technology changes rapidly, which means that the approached we must take to prevent security breaches change rapidly as well.
Ready to identify the step your organization can take to be safer? We’ve got the list of the top cyber security trends of 2018 to watch out for.
General Data Protection Regulation (GDPR)
The European Union has issued new regulations dictating how companies that store and use the personal data of EU citizens must act. This means that any business doing commerce in the EU will be affected by these regulations. Those who fail to abide by the regulation will face hefty fines.
Do not be surprised if one of the prominent cyber security trends in 2018 involves more governments establishing these regulations. Considering the high profile breaches that took place in 2017, it’s only a matter of time before more folks jump on board. We expect that governments will begin to recognize the weakness in lacking official standards.
Use of AI and Machine Learning
In the coming year, we expect AI to be instrumental in many cyber security trends. While we may not necessarily have Terminator-style AIs attacking our systems, it is not out of the question that AIs will be weaponized. In turn, cyber security experts will likely look for ways to turn their artificial intelligence into a defensive agent.
For instance, attackers and hackers can take control of chatbots to initiate spam and virus attacks. AIs can also be trained to guess passwords to hack into accounts. Luckily, the speed with which programmable AIs can act will make them the ideal defense against these kinds of risks.
The Importance of Ransomware
Last year, North Carolina caught the world’s attention when several government computers were held ransom at the demand of a bitcoin payout. It’s still not entirely clear what, if anything, similar organizations have learned from this attack.
It’s important to be mindful of this threat and to take necessary precautions to reduce your risk of hijacking. Taking simple steps like these could help reduce the risk of falling victim to ransomware.
Proper Handling of Data Breaches
No matter how many precautions your organization takes, the fact of the matter is that breaches do happen. This is why it is important to have a plan for how your organization will respond in the event of a breach.
Transparency is key when handling these situations. Identifying the problem early on and acting quickly to rectify it goes a long way.
Don’t Forget About the Internet of Things
Advances in technology have brought about a wide variety of internet-connected devices, including Fitbits, Amazon Echoes, and Apple watches, to name a few. While these devices may make life more convenient and seamless, they also open up more opportunities for breach and attack.
Not to mention, these devices are often not outfitted with the same security features as traditional computers are. For this reason, we expect one of the major cyber security trends in 2018 to involve new approaches to protecting these devices.
Patching and Application Testing
Continuous improvement is key to increased safety and protection. If you want to protect your organization, it’s essential to continue testing your existing patches and applications. Failing to test your security systems properly can lead to huge vulnerabilities.
Whenever any type of risk develops, it’s only a matter of time before an insurance industry develops to protect consumers against that risk. Cyber security is no exception.
Cyber insurance is still a new concept, and existing companies are in the process of figuring out how to structure their businesses. Even so, the policies are more popular. The more organizations that take on cyber insurance policies, the more it will become an industry standard to have such a policy.
Of course, insurance isn’t the only consumer product we expect to become more prevalent. Cyber-security firms will likely crop up offering a wide array of security options.
Consumers must be sure to stay savvy about the options available. Be careful not to be taken in by inexperienced companies looking to take advantage of uninformed consumers.
With the extent to which both local and national governments rely on technology, it is inevitable that we will see more hostile powers turning to technology for attacks. Banks, law enforcement, and power grids are all examples of targets we can expect to see attacks on in the coming years. As a result, we will likely also see governments taking more steps to protect their security interests.
Attacks on Cyber Currencies
Bitcoin and similar currencies have been in flux, experiencing both significant gains and losses in a short span of time. With the speculation surrounding these currencies, we expect to see attacks on the platforms used for trading them.
The Need for More Training
Despite the importance of cyber security for both public and private interests, we are still experiencing a lack of qualified talent in this sector. Even with high starting salaries, firms are struggling to recruit folks into these positions.
We hope that 2018 will see innovative tactics for attracting talented folks to this industry. Keep an eye on universities and other institutions of higher learning that will seek to expand their offerings for credentials in this space.
Working on Communication
Another major challenge within the cyber security space is the lack of consistent language around these issues. We expect to see firms working together to create common definitions to standardize processes and simplify communication.
Be Prepared for the Top Cyber Security Trends
By taking advantage of these top cyber security trends, you can make sure that your business is prepared to protect itself from potential breaches.
Have more questions? Contact us today to learn more about how Paranet can help your business.