Cyber security: Top 5 security trends for business
In 2018, we have seen intensification in the war for cyber security. This has been as a result of the many data breaches that occurred in 2017, including those affecting Equifax, Kmart and Verizon. However, there is still a silver lining in that the average cost of data breach went down by 10%. On the other hand, experts in cyber protection suggest that the average cost of the data breach increased by around 2%. This is a clear indication that there is still a lot of work to do when it comes to the cyber security space. Here are the leading five cyber security trends for businesses in 2018.
1. Improved data security due to advanced analytics
Nowadays, businesses are using a wide range of products from tools to prevent data loss to antivirus software to complete safety of information and event management software (SIEM) to minimize the risk of data breach. The goal of SIEM is to generate huge data volumes and making it difficult to minimize the risk of breach. Advanced analytical tools for data can assist organizations to see things in a clearer manner. With continued adoption of technologies including user & entity behavior analytics (UEBA), it is now possible to for businesses to put in place stricter controls on their infrastructure. This is on top of getting a better understanding of the weak points to enable them to fix protection loopholes prior to occurrences of data breaches.
2. Custom security
Cyber experts suggest that there is a constant evolution of cyber security solutions worldwide. Vendors of security solutions are continuously expanding their options to handle similar challenges in a way that is best suited to customers. With increased demands of strong info protection, protection vendors are now offering personalized solutions that take into consideration different factors like size of IT Infrastructures & complexity, budget, and industry. With a customized approach to IT safety, organizations will get solutions that have been tailored to meet their needs. Small business cyber security providers are able to win businesses against the bigger and less flexible vendors and providing solutions that are suited to the specific needs of the business.
3. Use of machine learning and AI
Many college paper services have handled the issue of data protection. One of them is https://eduzaurus.com. With increased adoption of machine learning and artificial intelligence and its impact on more industries, it is clear that this will play a bigger part in cyber security. Since the battle against cyber threats keeps on changing, there is need for machine learning tools that are able to identity and predict attacks fast. However, there is also the risk of machine learning and AI being exploited by attackers.
4. Use of blockchain principles in data security
One of the emerging cyber security methods whose goal is to minimize increasing number as well as sophistication of cyber threats is by harnessing the blockchain principles in strengthening of protection. Blockchain technology data enables storage of data in a distributed and decentralized way. Rather than information remaining in one location, it is stored in open source ledger. This cyber security strategy makes it difficult to hack or tamper with the data in a massive way as all the participants in the blockchain network will see it the moment ledger is altered in a certain way. Meaning, blockchain can be a huge leap forward in securing of information that is quite sensitive particularly in industries that are highly regulated including health, law, finance, and government. Most breaches are as a result of insider errors, and misuse of privileges and these are usually as vulnerable to organizations as the outside threats. This is why we will see different regulatory initiatives introduced in 2018 whose goal will be to clamp down on loopholes in safety practices.
5. Improved decision making with Gartner’s CARTA
There was a new protection approach that was suggested by Gartner in 2017. This was based on the continuous process that involved the review, re-assessment & adjustment of data safety solutions. This approach that is referred to as Continuous Risk & Trust Assessment (CARTA) was meant to change the old mentality of “fixing it and forgetting about it”. This approach will play a major role in 2018 with businesses using this new way of minimizing cyber risks. With the real-time risk assessment in the IT department, it will be possible for businesses to make wiser decisions regarding their posture. An example of this is when they grant access rights to users after studying their behavior patterns on a network and determining that the user doesn’t pose any risk.