Top Cybersecurity Trends Organizations Need To Follow

As businesses increase their digital footprints, the field of cybersecurity has seen steady growth over the years. There are now additional potential threats due to the rise of hybrid work and digital business activities in the cloud. The 2022 Ransomware Report, which assessed over 2,000 IT executives, indicated that 24% had been victims of a ransomware assault.

As hackers improve their strategies, businesses must adapt to a wide range of new cybersecurity risks. Organisations need to be proactive and vigilant in their pursuit of information on the latest cybersecurity trends in this field so that they anticipate the sorts of risks that will be most likely to impact them and create a strategy to effectively deal with them.

In the article, we will discuss significant advancements and complexities in the domain of cyber security, as well as numerous trends and best practices in this field.

Why Cybersecurity is More Important Than Ever?

The events of the last few years have been anything but ordinary. In contrast to before the COVID-19 pandemic, the remote work environment is now commonplace. Working from home, without computer protection allows malware vulnerabilities and predators to grab the chances presented and perform security breaches. Splunk discovered that 36% of IT executives witnessed a rise in security breaches caused by remote work.

To keep up with the times, adapt to new technologies, and improve the quality of the digital infrastructure throughout the world – cyber security is once again a top priority for CEOs and administrative executives.

Cybersecurity Trends and What to Do?

Hackers and cybersecurity organizations are always trying to one-up one other, making cybersecurity a dynamic field. There are always emerging cyber threats to be aware of and new techniques to counter them. This overview looks at the most recent cybersecurity trends.

• Advances in the IoT (Internet of Things)

Increased chances for cybercrime are a direct result of the expansion of the IoT. The term "Internet of Things" is used to describe non-traditional computing products like smartwatches, refrigerators, and light bulbs that can exchange data over the web. Activity trackers, smart appliances, smartwatches, and digital assistants like Google Home and Amazon Echo are all examples of Internet of Things products.

By 2026, the number of IoT devices is projected to reach 64 billion. This growth is being fueled in part by the trend toward remote work.

Since there are now more connected devices than ever before, the cyber-attack surface has expanded in both size and complexity. Most IoT gadgets lack the power to handle and store as much data as smartphones and laptops.

This may make it more difficult to use firewalls, antivirus software, and other protection programmes to keep them secure. Therefore, cyberattacks on the Internet of Things (IoT) are a topic of conversation regarding the evolution of cybercrime.

• Cloud Service Growth and Cybersecurity Risks

Persistent exposure in the cloud is a major concern in the cyber security sector. After the pandemic, companies' demand for cloud-based services and infrastructure has increased, raising security issues.

The cloud's services may be easily expanded as needed and are very effective and cost-efficient. However, they are also a common target for assault.

Data breaches, unapproved access, unsecured interfaces, and account takeovers are all possible results of poorly configured cloud settings. When you consider that the average cost associated with a data breach is $3.86 million, it is clear that businesses need to take precautions to reduce the risks posed by the cloud.

Outside of hacking, other threats to network and cloud security that businesses must deal with include:

• Ensuring conformity with laws and regulations worldwide

• Having enough knowledge in information technology to deal with cloud computing's needs.

• Issues in making the move to the cloud

• Managing a greater number of attack routes

• Accidental remote access, insecure networks, weak passwords, and the abuse of personal devices all contribute to insider risks.

To assist you, we at Growth Jockey have standardised and codified infrastructure and control-engineering methods that may ease the administration of hybrid and multi-cloud services while also boosting the system's resiliency. This method makes it possible to do procedures such as managed patching as well as quick provisioning and de-provisioning of resources.

• Recent Increase in Ransomware

While ransomware has been around for almost two decades, its prevalence and impact have only increased recently. Many distinct kinds of ransomware are identified, and hackers are becoming increasingly efficient at disguising dangerous code. In part, ransomware's popularity might be attributed to the ease with which hackers can reap financial benefits.

Many businesses have sped up their digitalisation efforts, and this, along with the rise of remote employment, has made them prime targets for ransomware. This resulted in a rise in both the frequency of assaults and the scale of requests.

For the purposes of an "extortion attack," hackers take sensitive corporate information and encrypt it so that the organisation can no longer access it. After that, the hackers use blackmail by threatening to reveal sensitive company information unless a ransom payment is made. Given the sensitive nature of the information at risk and the financial implications of paying the ransom, this cyber threat carries a heavy weight.

Organisations need to make technological and operational adjustments in response to the growing complexity, frequency, and breadth of ransomware attacks. At Growth Jockey, we help businesses by implementing measures like enhanced multi-factor authentication, automatic reactions to malicious encryption, and robust data repository and infrastructure and application security through which organisations may reduce the potential damage of an attack.

To make the business reaction automatic with us, the company will undergo changes such as performing tabletop exercises and creating thorough and multidimensional playbooks. We also help you plan for all alternatives and situations (including executive response decisions).

• The Constant Advancement of Artificial Intelligence (AI)

When it comes to cyber security, organizations are just overwhelmed by the sheer variety of potential dangers. Therefore, businesses are increasingly relying on AI and ML to fine-tune their security architecture.

Automatic danger detection, facial recognition, natural language processing, and other forms of automated security have all benefited greatly from the use of AI. By using AI, we can now assess vast amounts of risk data much more quickly. This helps both huge corporations with massive data stores and smaller and medium-sized businesses whose security departments may be understaffed.

In the same way that cybercriminals are increasingly reliant on AI and machine learning. Effectively, Growth Jockey helps companies utilise these tools to identify non-compliant systems and take corrective action. We also help businesses be more security-aware and employ machine learning to improve resource utilisation by streamlining their processes and technology stacks.

To Sum it Up

The disruption caused by digital technology is unavoidable and will result in fast change driven by technology. After investing in technology, companies need to be mindful of the cyber security risks linked with such investments.

Attackers are taking advantage of the weaknesses that newly developed technologies offer; in this fast-evolving digital environment, even the most advanced cyber controls quickly become out of date.

By establishing over-the-horizon defensive capabilities, Growth Jockey offers businesses to adopt a persistent and proactive strategy. This way they can set themselves to be as successful as possible.

At Growth Jockey, we are fully committed to providing tailored solutions that effectively tackle the crucial challenges in cloud and cyber security faced by our clients across diverse industries. Regardless of the size of your company, whether it's a small-scale enterprise or a large corporation, you can now leverage the advantages of advanced technologies in cloud and cyber security.

Take the decisive step towards unlocking the next level of growth and protecting your brand by contacting us today!