A Guided Tour of the Latest Cybersecurity Technology

Definition of Cybersecurity Technology

Cybersecurity is a process of securing devices of all types (computers, laptops, mobile phones, tablets, etc.), electronic systems, servers, sensitive data, networks, etc. from attacks made by cybercriminals. Cybersecurity technology is a way of reducing the risk of cyber-attacks and protecting devices from them in general.
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Influence of Remote Work

The global pandemic has impacted many spheres of lives of people. Not only students should stay at home and continue learning at a distance. Also, companies from all over the world had to transfer to remote work.
Distant work led to the emergence of new cybersecurity risks. At the same time, this is one of the most discussed trends in cyber security. Home devices are less secure in comparison to centralized devices. The reason is that in centralized offices IT security workers pay extra attention to the protection of access management, routers, firewalls, etc.
As the Covid-19 pandemic treaded pretty fast, businesses only thought about how to save and maintain work efficiency. Security checking stopped to be extremely strict as it was before the pandemic. This led cybercriminals to discover and start to apply new tactics to get access to devices, servers, networks, etc. of users.
There are employees who use devices for both personal and working needs. This fine line between private and professional life raises the risk that valuable data can appear in the bad hands of cybercriminals.
Thus, this is one of the critical cyber security trends and it lies in concentrating on security problems of distributed workforces. Simply speaking, the main goal is to identify and eliminate new vulnerabilities of security, improve systems, implement security means, and ensure proper monitoring.

Problems Caused by Ransomware

The threat of ransomware is not considered a new one. It has existed for several decades. Still, only nowadays, this threat starts to grow rapidly. According to approximate estimation, more than 120 separate families of ransomware exist today. Cybercriminals became extremely skilled at concealing malicious code. Ransomware is considered one of the easiest ways for cybercriminals to get financial rewards. This is one of the reasons why cases with ransomware are increasing.
No wonder why this refers to one of the IT security trends. The global pandemic became another factor. The accelerated digitization of the majority of companies in combination with distance work made new potential victims appear for ransomware. As a result, the volume of attacks increased as well as the size of requirements.
During attacks with extortion, cybercriminals steal sensitive data from businesses and encrypt it. This is made so businesses do not have access to their data. Next, these criminals begin to blackmail businesses and threaten to reveal their valuable data to competitors. The only condition is to pay the ransom. The consequences of this cyber threat can be painful for companies whether they decide to pay or not to pay the ransom. Businesses should make a choice whether to let cybercriminals release private data or undergo economic consequences after paying the ransom.

 Development of IoT (Internet of Things)

Evolving IoT (Internet of Things) makes more possibilities for cyberattacks to appear. At the same time, it changes the future of cyber security. The Internet of Things are regarded as physical devices that can connect to the Internet and share data. We are talking about not computers, phones, and servers. Wearable fitness trackers, smart refrigerators, smartwatches, and voice assistants refer to Internet of Things devices. The tendency to distance working contributes to the increase of such devices. According to estimation, 64 billion IoT devices will be installed all over the globe by 2026.
The extra amount of devices can increase the probability of cyber-attacks made by criminals. Hackers will have more entry points to conduct malicious actions. In comparison to laptops and mobile devices, IoT devices possess fewer capabilities to process and store data. This also can create difficulties in the utilization of antivirus programs, firewalls, and various security apps for safeguarding. This is the reason why IoT attacks are included in the enumeration of the most discussed cyber-attack tendencies and cyber security trends.

Increasing Number of Threats for Cloud Services

The vulnerability of cloud services continues to be one of the most discussed problems. Remote working impacted this as well. Quick and widespread implementation of distant operation raised the need for services based on the cloud. This affected the security of companies.
There is no doubt that cloud services provide users with a number of benefits. Some of them are scalability, efficiency, and economy of funds. Unfortunately, the same cloud services are considered the main target for cybercriminals. Those cloud settings that are configured improperly are regarded as a serious reason for data breaches, unauthorized access, unprotected interfaces, the capture of accounts, etc. Risks for cloud services continue to be one of the biggest IT trends.

Increased Utilization of Multi-Factor Authentication

Multi-factor authentication is regarded as strong security of devices of users. Unfortunately, cybercriminals do not give up and search for new ways how to bypass multi-factor authentication. They consider the biggest vulnerability in authentication conducted via SMS or phone calls. The increasing number of cyberattacks carried by authentication led to Microsoft recommending users to avoid utilizing multi-factor authentication that is based on phones. Instead, Microsoft gave a piece of advice to utilize authenticators that are based on an app and security keys.
SMS possesses a sort of in-built protection. But those messages that are sent are not encrypted. Messages for authentication purposes relate to them as well. This implies that cybercriminals can conduct automated man-in-the-middle attacks and get one-time access codes in the form of plain text. This is a sort of vulnerability for such actions as online banking since authentication is usually performed via SMS. This can change the future of cyber security since banks and various businesses will turn to multi-factor authentication based on an app to solve this problem.

Conclusion

Cyber security is a sector that is changing constantly. While new threats appear, new trends in cyber security emerge as well to respond to these threats. We have considered only several and the latest trends in cyber security.
Cybercriminals get used to changes in the digital world and are ready to apply new ways to harm ordinary users and businesses. This leads to cybersecurity problems continuing their development. But utilization of cybersecurity technology can assist users to stay safe from cyber attacks. It is complicated to define the best cybersecurity technology for your business. The most proper solution is to apply all possible cybersecurity technology at once.

Also Read: How To Share Passwords Securely In The Workplace