The world of cybersecurity is always in flux. New threats emerge as new technologies become more embedded – and companies both small and large struggle to keep up.
One thing seems certain in 2019: that cybersecurity is big business.
With some very high profile attacks over the past couple of years (like WannaCry in May 2017, and cryptojacking malware affecting governments’ websites around the world in February 2018), protecting your website – one of your company’s most crucial assets – is crucial.
So what can you expect to see in 2019?
#1: Better Investment in Cyber Protection
First, businesses will be increasingly carrying out audits of their existing systems, and investing in stronger and better cyber protection to deal with the threats that they know lie ahead.
If this is something you need to address, do so as soon as possible. If you’re not sure where to begin looking, CyberArk Software and Cisco were some of the best rated cybersecurity companies of 2018.
#2: More Focus on the Internet of Things
You might have solid protection in place on your computer or even your phone … but what about other devices that connect to your company’s IT systems?
Take printers, for instance. They’re constantly connected – and, often, dismayingly easy to hack. In 2019, business will become increasingly aware of the dangers posed by unsecured devices (and if they don’t … well, we’ll no doubt see the consequences).
#3: Old Data Breaches Will Become Known
SecureAuth predicts that “ancient breaches will increasingly come to light” in 2019, explaining that:
“In general, it takes roughly 100 days from the time a breach occurs to evidence of the attack being detected […] As organisations adopt machine learning based advanced analytics and security orchestration and automation (SOAR) technology, the mean time to detection will fall and more breaches that are greater than 100 days old [will be detected].”
This means that, even if your cybersecurity is rock solid now, it’s well worth having a plan in place for dealing with data breaches … just in case you have to face the horror of an old breach suddenly becoming apparent.
#4: Ransomware Will – Probably – Still be a Huge Issue
While experts are divided on the issue of ransomware, with some believing that instances will decline and others suggesting that “Hackers find ransomware incredibly lucrative and will continue to stick their hands out for money in the form of cryptocurrency.”
One thing’s certain: as long as ransomware continues to work, it’ll continue to exist. Make sure your business has appropriate protection and plans in place so that, in the event of a ransomware attack, you can avoid having to pay anything out to hackers.
#5: Cyber Insurance Will Become Even More Popular
Your business is (hopefully!) fully insured against flood and fire – but what about insurance against cyber attacks? Cyber insurance is a growing area, and not just for large businesses: smaller companies are increasingly purchasing cyber insurance because it’s required by their contracts with larger companies.
“One of the ways businesses deal with risk hedging for these [data privacy] laws is via cyber insurance. While they actively try to focus on reducing the chances that leaks of this type of data may occur, they ultimately know that in the cyber landscape, anything can happen and thus insurance is key for their risk management strategy.”
Cybersecurity remains a growing – and critical – priority in 2019. If it’s not something that you’re paying sufficient attention to, now’s the time to change that. All companies, however small or large, need robust security in place, and detailed plans of action for dealing with any issues that arise.