2020 will go down in history as a year that none of us will soon forget. Looking ahead to 2021, however, we’ve identified five cybercrime forecasts and trends that we feel everyone should be aware of.
For everyone, but probably especially for IT security experts and DoD contractors, 2020 has been unusual and scary.
As the year comes to a close, we look ahead to 2021 and the top cyber security themes we anticipate seeing in the following year.
The accuracy and productivity of evolving threat identification and response capabilities will increase.
Threat sensing and reaction remedies that optimize the monitoring, collection, and association of data gathered from numerous IT security tools are on the frontier, enhancing and optimizing threat recognition achievement while also adding and boosting incident-response functionality.
If an attack provokes alerts on email, endpoint devices, or the network, for instance, one of a new generation of threat identification and reaction solutions assembles better data analysis and incorporates it with supplemental logs and notifications from across the surroundings to produce substantiated threat alerts, working to improve sensing precision and making overall security activities more cost-effective and productive.
The assault on remote employees and Security Operations Centers (SOCs) is not going away anytime soon.
Cybercriminals are constantly ready to launch attacks that take advantage of users’ actions, even if they do it unintentionally. Employees compelled to comply with stay-at-home directives became distant workers struggling to adapt to new technologies and gadgets in 2020, which was never more evident.
Cybercriminals took advantage of the broad disruption by launching a torrent of assaults on firms that weren’t equipped to operate a remote workforce safely, exploiting existing weaknesses and expanding threat surfaces.
A little more forethought might have made a difference. When the epidemic first broke, more than 80% of businesses already allowed workers, partners, and consumers to bring their own devices to work. Regrettably, three-quarters of those same companies failed to implement BYOD malware security or relied on endpoint software installs. Furthermore, the rise of IoT devices, which cannot be safeguarded or controlled in traditional ways, has added to the complexity of the situation.
DoD companies are still striving to sustain remote employees and devices without revealing sensitive data nearly nine months after the epidemic began.
The slow reaction is evident in the bottom line, which is unsurprising. Almost a quarter of businesses have incurred unanticipated expenditures as a result of cybersecurity vulnerabilities and malware outbreaks.
CSOs and CISOs will be enticed to seek convergence among security solutions as budgets tighten.
In case you hadn’t noticed, IT spending is declining, falling by over 10% in 2020. It’s a tendency that will most likely revert in 2021 when we all transition to the new normal and beyond.
But one thing is sure: CSOs, CISOs, and CIOs will have to think outside the box, mainly if they work for one of the many firms struggling to bridge a digital transformation gap that is restricting their capacity to compete in a fast-paced, uncertain market.