The world of cyber security is always evolving. Because hackers and cybercriminals are become more sophisticated and adapting rapidly, keeping up with current trends and security breaches is essential. Cybersecurity is not a one-and-done task; rather, it calls for constant work toward progress and company-wide harmony. So, how do you know whether your cybersecurity initiatives are paying off?
For smaller organizations that may not know where to begin, the concept of cybersecurity may seem daunting at first. Gaining momentum in your cybersecurity efforts and attaining continuous improvement may start with little measures, such as keeping up with industry blogs and webinars, attending trainings, and reporting recurring patterns you’ve found across your business. Cybersecurity certifications and striving for a SOC 2 report might be considered if security has been institutionalized at all levels of the firm. Organizational security might benefit from having a designated leader or leaders to ensure that everyone stays on the same page.
Identity Access Management
When it comes to protecting sensitive data online, identity access management (IAM) is essential. To ensure that only authorized individuals are able to access sensitive information, businesses might use these systems to control who has access to which systems, apps, and data.
Increased compliance, less risk of data breaches, enforced security standards, and automated IAM are just a few of the major advantages provided by identity access management solutions. These benefits have pushed several industry leaders in cybersecurity to adopt new identity access management systems.
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Cloud Security
The COVID-19 outbreak catalyzed a dramatic movement away from on-premises servers and toward cloud storage and computing, causing a revolution in traditional IT security. While it’s easy to see the benefits of cloud security, businesses still need to take extra precautions to ensure their data is secure. When compared to traditional IT methods, which lack the sophistication to adequately protect modern businesses, cloud security comes out as a clear winner.
High scaling speed, optimal data storage, close proximity to other networked systems and data, and end-user system interfacing are just few of the benefits of adopting cloud security solutions. For this reason, small and medium-sized enterprises (SMEs) are increasingly adopting cloud security approaches. The data shown below bear this out:
- 94% of businesses worldwide are currently utilizing some sort of cloud service.
- Half of all businesses spend over $1.2 million annually on cloud services.
- By the end of 2025, experts predict, the amount of data saved in the cloud might reach 100 Zettabytes.
- Recently, Fortinet introduced the FortiCNP solution, which will let security professionals collect data from various cloud environments and enhance existing security procedures. This will aid in the control of potential threats throughout the transition to cloud infrastructures. It also integrates well with another new AWS service, Amazon GuardDuty Malware Protection.
Virtual Private Network (VPN)
The possibility of a data breach has increased considerably over the past several years due to the proliferation of the coronavirus, which has driven many businesses and individuals to operate remotely. Virtual private networks (VPNs) are becoming increasingly popular as a means of ensuring privacy online, as well as increasing productivity and securing data.
Based on research from the Global Web Index,
- Globally, PCs and Macs account for over 72% of VPN connections, with IoS and Android mobile devices coming in a close second.
- Approximately 69% of VPN subscribers now access their services via a mobile device.
- Virtual Private Networks (VPNs) are used by over 34% of internet users to remain anonymous when online.
- The benefits of VPN, which include increased security, remote access, the ability to circumvent restrictions, low overhead, and more, have resulted in widespread use across a wide range of businesses.
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Future of cyber security– How would the industry look like in 2023 and beyond?
Future developments in artificial intelligence (AI), the internet of things (IoT), and blockchain might have a major influence on the cyber security industry. Network security solution demand is expected to skyrocket as BYOD regulations and remote work become increasingly common. Industry experts predict a 15% CAGR for the network security products market between 2018 and 2027.
The use of cyber security solutions is expected to skyrocket as the healthcare industry undergoes a period of intense digitization and growing reliance on digital technology.
Conclusion
While cyber threats to small organizations are growing, these threats may be reduced and assets protected by adopting sound cyber security policies. Improving cyber security requires a number of interconnected measures, including but not limited to: prioritizing staff training; safeguarding network infrastructure; creating data backup systems; enforcing good password management; and remaining current on emerging threats. In the face of ever-evolving cyber dangers, small companies may protect their operations, gain consumers’ trust, and sustain their enterprises by investing in comprehensive cyber security measures.
