The security world is rapidly changing, and security and risk leaders must stay on top of it. Faced with challenges ranging from potent cyber-physical system attacks to new and escalating privacy regulations to the need to secure a scattered global workforce, security and risk leaders are being tugged in many directions at once. Security is becoming a major board-level priority, putting CISOs in the spotlight and putting security at the forefront of business decisions.
It’s vital that security and risk leaders don’t fall into the old habit of doing everything the same way they did in the past in this new cyber threat and business landscape. This is a new world, and businesses should adapt their thinking, philosophy, programs, and security architecture to reflect it. Acting sooner rather than later will allow security and risk managers to plan for the ongoing developments that will affect the threat and privacy landscape in the coming years.
Here are a few cybersecurity predictions that security and risk management leaders can use to forecast upcoming changes.
Also Read: Advanced Security Challenges in Multi-Cloud Settings
Identity systems will be increasingly targeted by attackers
When core identity providers go down, as the recent Facebook outage demonstrated, those applications that rely on them for user authentication are also affected. Outages will have a greater impact as more users rely on shared infrastructure. As a result, major identity providers are an ideal target for cybercriminals.
In many organizations, zero trust will become the norm
With hybrid workspaces on the rise, businesses should provide secure cloud identity management. As the need for cloud identity protection grows, more enterprises will use zero-trust authentication and access methods.
Unsophisticated attackers will launch sophisticated ransomware operations
The use of sophisticated ransomware attacks is no longer limited to nation-states. By 2022, anyone with the necessary tools will be able to carry them out. Ransomware-as-a-service is another way that unskilled actors get the job done: they hire organizations to do the messy work for them. Campaigns that steal and threaten to release information are becoming increasingly common as attackers aim to maximize profit. Once the data has been extorted, the attackers may return and demand regular payments.
Before governments take serious action, the ransomware issue will reach a fever pitch, fueled by the reality that there is no shortage of weak systems that can be targeted. Worse, any morality filter that remained has been gone. Attackers are no longer concerned with the physical consequences of their actions, such as attacking key infrastructure and hospitals, where lives can be at stake. As a result, vital daily services may become unavailable, prices may rise, and ransomware may infiltrate daily lives.
Also Read: Three Reasons Why Application Security Is a Game-Changer for Every Organization
Theft of intellectual property is on the rise
Protecting intellectual property from digital espionage will be difficult for large corporations. Businesses are struggling to manage more complex IT systems with the same or fewer employees, and filling highly qualified security positions is becoming challenging. Cybercriminals will continue to find simple ways into an organization by targeting a smaller or newer company higher up the supply chain that lacks robust cyber defenses, therefore supply chain attacks will undoubtedly increase in the coming year. Since they have the money and resources, businesses may see bad actors employ artificial intelligence.
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