Let's look at the new threat environment that has emerged as a result and the cybersecurity trends that pose the greatest danger in the future.
Fremont, CA: Although the technological environment is continually evolving is not a new phenomenon; it has reached new heights in the past year. No one could have imagined COVID-19's influence on business, technology, and cybersecurity; therefore, the word "disruption" appropriately reflects the experiences of innumerable enterprises. Let's look at the new threat environment that has emerged as a result and the cybersecurity trends that pose the greatest danger in the future.
- New Challenges from Ransomware
Ransomware is one of the most widespread risks to data security in any company, and it will continue to grow and adapt as a top cybersecurity concern in 2021. Organizations get plagued by data theft and financial losses due to the costs of recovering from ransomware attacks. Ransomware assaults were more expensive than the usual data breach in 2020, costing an average of 4.44 million dollars.
The sophistication of the strategies used by crooks is also increasing. Extortion attacks, in which thieves take a company's data then encrypt it so they can't access it, are becoming more common. Cybercriminals will then blackmail the firm by threatening to reveal its confidential information unless a ransom gets paid. Given the sensitive data at stake and the financial implications of paying the ransom, the effect of this cyberthreat is substantial.
- Increased Use of Multi-Factor Authentication
While passwords will continue to be a standard for cybersecurity best practices in 2021, more businesses will use multi-factor authentication (MFA) as a secondary layer of protection against data breaches and harmful attacks. MFA entails using two or more distinct factors in permitting users to access sensitive data, requiring users to prove their identity with more than one device.
- Continued Rise of AI
AI and machine learning are becoming more sophisticated and capable, and businesses will continue to refine them as part of their security infrastructure in the future. AI is rapidly getting utilized to create automated security systems that substitute human interaction, allowing for far quicker analysis of enormous amounts of risk data. It's advantageous for large firms dealing with vast volumes of data and small and mid-sized businesses with under-resourced security teams.
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