Tags: cyber | security | small | medium | business

4 Cyber-Security Tech Trends Demanding Your Attention

4 Cyber-Security Tech Trends Demanding Your Attention
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By    |   Friday, 23 March 2018 07:51 AM

As the frequency and ferocity of cyberattacks continue to grow, so does the need for advanced cyber-security technology that prevents, defends, and responds to these attacks.

If you spend any time studying the cyber landscape and analyzing the types and frequency of attacks on businesses over the years, it’s easy to get discouraged.

Not only are the numbers of attacks increasing, but hackers are making stealth improvements in how they deploy attacks and compromise data.

Just last year, cyber crime damages cost the world a collective $3 trillion. By 2021, that number is expected to double to $6 trillionaccording to Cybersecurity Ventures.

From this year through 2021, cyber-security spending is expected to exceed $1 trillion.

When you look at 2017 in isolation, the average cost of a data breach in North America was $1.3 million for large enterprises and $117,000 for small and medium-size businesses (SMBs).

For enterprises, the biggest issues were: physical loss of devices or media containing data, incidents affecting IT infrastructure, electronic leakage, inappropriate IT sources used by employees, and viruses.

For SMBs, the biggest issue were: targeted attacks, incidents involving non-computing connected devices, physical loss of devices or media containing data, inappropriate IT sources used by employees, and viruses and malware.

Could your business sustain this sort of hit and keep going?

Most couldn’t – which is why the marketplace so desperately needs advanced and innovative technologies to protect against costly threats.

With so much focus on cyber-attacks and data threats, it should come as no surprise that tech companies have invested a considerable amount of their resources into cyber-security products that they believe will help businesses better protect themselves.

Here are some of the trends you’ll want to watch:

  1. Cloud-Based Networking

Increasing network complexity ultimately impacts IT security. Today’s networking landscape requires IT personnel with more than just a deep background in network engineering and command line mastery. Network engineers must understand application dynamics, DNS workings, SDN/SD-WAN concepts, cloud integration, and more, all the while staying current on emerging threat landscape while solving the problems that help grow the organization’s bottom line (or reduce their top line).

Many businesses either don’t have enough IT employees (quantity), or don’t have employees who possess the right skills to deal with new complexities (quality). Ultimately, there are too many conflicting priorities on the networking side of things, the net effect of which impacts the security posture of the organization and IT’s ability to help solve larger business issue.

“This growth in network complexity results in IT security teams having to juggle too many conflicting priorities,” writes Yishay Yovel, vice president of marketing at Cato Networks, a provider of cloud-based and secure global SD-WAN, “They spend more time running the infrastructure itself and meeting compliance mandates than thinking about the threat landscape, evolving attack vectors, and how to properly adapt to them.”

While there’s still a lot of progress to be made in simplifying networking, shifting complexity to the cloud helps simplify the network. A managed, secure, cloud-based network eliminates distributed networking and security appliances, and the cost and complexity of buying, deploying, upgrading and patching them. The cloud provider becomes responsible for defending against the latest threats, letting IT focus on driving the business forward.

  1. Cloud Access Security Brokers

One of the more promising technologies on the market is cloud access security brokers (CASB), which provide data security specialists with a much-needed control point to secure cloud services that are being used across a variety of disparate cloud providers.

CASB solutions essentially fill in the gaps that exist between different cloud services – which is where a lot of the security vulnerabilities exist. They mitigate risk across the entire organization and make things a whole lot easier on your IT department.

  1. Endpoint Detection Response

There’s been a huge need for endpoint detection and response (EDR) over the years; advances in the technology are now making it possible for businesses to identify potential breaches and take action before they cause any major damage.

EDR technology works by recording endpoint and network events and storing this information in a centralized database that can be referenced when there’s any indication of a deviation from the norm. From there, various machine-learning techniques are used to search the data and swiftly respond.

  1. Micro Segmentation

“Hackers, once on to a network, often go undetected as they freely move from system to system looking for valuable information to steal,” SANS Institute explains. “Credentials, intellectual property, and personal information are all at risk.”

Newer network designs focusing on micro segmentation are hoping to change this. They slow down the rate at which attacks move through a network East-West and give the business more time to detect an attack, identify movement, and subdue the threat.

Turn on the news and you’ll hear about some cyber-attack. Browse the headlines on an industry website and you’ll read an opinion piece about the hostile cyber landscape we find ourselves in. Everywhere you look, it seems that cyber criminals are getting the best of honest, hardworking entrepreneurs and business owners – but that’s only half the story.

While cyber-attacks may be on the rise, new technology is being developed at a blistering pace. From cloud-based networking to remote browsing, there’s a possible solution for almost any weakness.

Make 2018 the year you lean in and develop a game plan that allows you to take your business to the next level.

Richard Agu is a researcher, entrepreneur and freelancer, passionate about entrepreneurship and self-development. Currently, Richard writes for Entrepreneur.com, Goodmenproject.com, among others. Follow him on Linkedin.com by clicking here now.
 

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Make 2018 the year you lean in and develop a game plan that allows you to take your business to the next level.
cyber, security, small, medium, business
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2018-51-23
Friday, 23 March 2018 07:51 AM
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