Companies are constantly exposed to cyberattacks on the digital infrastructure, but few of them are detected. Malware, ransomware, social engineering and phishing are the most commoncyber attacksthat can hit businesses. Now in 2019, with cybercriminals utilizing hacking tools and techniques, IT security departments will face a challenge. In the most successful hacker attacks, you won’t notice the intrusion or messing around in your computer systems. Below are some clear trends that appear on the cybersecurity front.
The number of incidents is increasing
It should come as no surprise that data attacks have become more common.A recent survey of 1,200 companiesfound that 71 percent suffered at least one data breach at one time, while 46 percent reported a breach last year (compared with 26 percent the year before). Many of these attacks exploit employees’ lack of awareness of phishing and other social engineering tactics designed to steal sensitive information, such as passwords and passcodes.
GDPR will create an opportunity for data protection
In 2018, a newprivacy legislationwas introduced throughout the EU / EEA. The new privacy legislation will apply to a larger geographical area than previously. If one offers services or goods to EU citizens but is registered outside the EU, this applies anyway. In addition, information should not be used for new, incompatible purposes – personal data should only be processed where there is a clearly specified purpose.
The new legislation will also bring new rights for citizens. You can now oppose profiling by public authorities and direct marketing. An important principle of this new privacy law is that information about the processing of personal data should be provided in a clear and clear way and not be hidden.
This means that IT and security teams need to be careful about how data is collected, processed, stored and deleted. In addition to this, marketing departments must also take care of how they conduct, for example, email campaigns and at the same time ensure customer privacy. If companies do not comply with the new legislation, a fine of 20 million euros or 4 per cent of turnover can be risked, depending on what is the largest sum.
AI and machine learning will drive most cyber security efforts
Artificial intelligence and machine learning will make life easier for cybersecurity professionals who want to scale their data protection mindset. AI is used by about 87 percent of US cybersecurity professionals, and 34 percent of security personnel now rely entirely on machine learning, according to aCisco report.Machine learning algorithms can be used to accelerate event detection and response, identify and communicate risk to the business, and provide situational awareness for managers to gain a holistic view of security status.
Cybercriminals will expand attack vectors
A major driver of the rise incyber attacksis Internet of Things (IoT) devices in the business. According to Symantec, IoT attacks increased by600 percent last year. This forces companies to add better event detection to their IoT platforms and find ways to improve the visibility of their IoT networks and devices. Ransomware attacks increased by 300 percent last year. Cybersecurity Ventures predicts that global damage from ransomware in 2019 will reach over $ 11 billion, with attacks occurring every 14 seconds.
How can you protect your business?
Want more information on how to protect yourself from such hacker attacks? Do not hesitate to contact us for more information on how to maintain your company’s IT security!