Business and government leaders need to be on constant alert for cyber attacks of all types. With the evolution of cyber threats each year, there are specific threats to focus on for this year. Here are six cyber security trends to watch right now:
- Cryptocurrency—This is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. With many people interested in ways to capitalize on cryptocurrency, it is important to realize that the market is very volatile and highly susceptible to fraud and cyber attacks. Some experts feel the cryptocurrency market needs better security and a way to guarantee losses from theft.
- Artificial intelligence (AI)—Cyber security professionals use AI software to identify and predict cyber threats. However, AI can also be used by cyber criminals against the same organizations that use it for protection.
- More multifactor authentication—Even though many companies fear that implementing multifactor authentication would negatively affect user experience, the growing concern about stolen passwords might convince them to implement it.
- Increased regulation—Businesses could face increased regulation as governments try to compete with the growing risk of data breaches and attacks on infrastructure. One example of such government efforts is the General Data Protection Regulation in Europe.
- Rise in state-sponsored attacks—Such attacks tend to be politically motivated. Instead of focusing on financial gain, the intent of these attacks is to acquire intelligence that can be used to obstruct the objectives of a political entity. Appropriate efforts to deter and respond to these attacks will be a key topic for policy-makers and businesses over the next decade.
- Increasing demand for a chief information security officer (CISO)—Due to the shortage of skilled cyber security professionals, many companies hire external cyber security services and virtual CISOs. This outsourcing is expected to continue until employers find ways to fill the skills gap.
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