Cyber Security Trends Grabbing Our Attention

admin Cloud Security Expert - CloudCodes Software
  • June 22nd, 2018

Cyber Security Trends Grabbing Our Attention

While the frequency of cyber attacks is increasing day by day and the ferocity of these attacks has been growing with each passing day, so is the need augmenting for advanced Cyber Security trends to prevent these cyber attacks. Not just the number of such attacks has been growing, but also the hackers are making quite stealth advancements in the way they attack and compromise enterprise data.

Stats Speak and Say Much about Cyber Security Trends

  • Last year only, the world’s cyber-crime damages cost around $3 trillion
  • By the year 2021, the cost of damage is projected to get double to around $6 trillion
  • From the current year to the year 2021, cyber-security spending has been expected to exceed the number of $1 trillion
  • Looking at the year 2017 alone, average cost of data breaches for big enterprises in North America was $1.3 million and for SMBs, it was $117,000

Biggest Cyber Security Issues for Big Enterprises

  • Viruses
  • Any electronic leakages
  • Incidents that affect a company’s IT infrastructure
  • Physical loss of devices/media that contain critical data
  • Inappropriate IT sources that are being used by the company employees

Major Cyber Security Issues for SMBs

  • Attacks that are targeted
  • Viruses as well as malware
  • Physical loss of devices/media that contain critical data
  • Incidents that involve any non-computing connected devices
  • Inappropriate IT sources that are being used by the company employees

Some Cyber Security Trends to Watch

  • Cloud Networking: Augmenting network complexities ultimately impact overall IT security. While there is still much progress that needs to be made into simplifying the networks, shifting these complexities to the cloud would help in simplifying that network. A well-managed, secured, cloud-based network would eliminate any distributed networking & security appliances, cost & complexities related to buying that, deploying the system, upgrading it and patching it. Cloud providers would become responsible to defend against any latest threats, letting the IT team to focus more towards driving their business further rather than concentration on such issues.
  • EDR: There has been a grave requirement of endpoint detection response (EDR) over the years, and technology advancements have now made it possible for firms to identify these potential breaches and also to take necessary action before such breaches cause any major damages to the firm. EDR works on the principle of recording endpoint & network events, and store that info in a particular centralized database, which could be referenced when any indication is seen of any deviation from the said norm. Several machine-learning techniques are employed thereon for searching that data and respond to the issue in a swift manner.
  • Micro Segmentation: Cyber attacks are commonplace nowadays. The cyber landscape has turned hostile. Everywhere, cybercriminals are seen to be harming the hardworking business owners and entrepreneurs. New network designs that focus on micro-segmentation can change this scene. They would help in slowing down the rate of attacks moving through the network East-West and also gives businesses much more time for detection of attacks, identification of movements, and subduing the threats.
  • CASB Solutions: A highly promising technology present in the market today is the CASB solutions provided by eminent cloud access security brokers. These solutions give data security experts and specialists the much-needed control point for securing their cloud based services being used across different cloud service providers. These CASB solutions fill the security lapses and gaps in the systems essentially which are existing between different cloud based services and the providers; thus becoming a useful link thereof, which is the point where many security vulnerabilities lie mostly. CASB solutions harness Cyber Security trends that help in mitigating any risks across organizations to make the situations much easier on the IT departments. There are many cloud security vendors providing highly useful CASB solutions and CloudCodes is an eminent name of repute in this domain that provides highly effective CASB solutions curtailing the harmful impacts of any cloud breaches by alerting and reporting the restriction policies violations in real-time.