The rapid evolution of information technology and the maturity of emerging technologies are propelling global digital transformation and precipitating widespread adoption of digital technology across industries. However, many cybersecurity specialists are kept awake at night by this constant evolution.
Because of the ongoing evolution of cybersecurity, what companies have solved for today may become obsolete tomorrow. Unfortunately, many media outlets prefer to focus on cybersecurity failures rather than the industry’s technical innovations.
Rather than reporting on how encryption technology has progressed, news sources focus on how hackers have circumvented security measures. As a result, people may be less informed about current and future cybersecurity and encryption trends.
Here are some of the most recent cybersecurity breakthroughs and trends, as well as why they are significant.
Secure multiparty computation
Cryptography is in an interesting period right now. Secure multiparty computation (MPC) replaces aging hardware, resulting in increased operational agility and cost savings, and is a perfect fit for the cloud. MPC removes single points of failure and works in tandem with cybersecurity solutions to improve authentication, insider threat mitigation, and key management while also accelerating innovation.
Increasing professionalization of bot attackers
“Over the last year we have seen a huge influx of talent and resourcing into the bot developer and user ecosystem,”
says Matthew Gracey-McMinn, Head of Threat Research at Netacea. Partially inspired by lockdown and partially by the increased awareness of the low-risk and high-profits of bot attacks, many more people have entered into the ecosystem. Matthew believes that this has driven many bot groups to professionalize, with many now actively recruiting employees who will fulfill roles in marketing, recruitment, support, development and more. In some cases (where the activities are legal), these groups have even registered themselves with governments as formal companies and begun paying people to work full time for the bot group. “Across all types of bot attacks though, we have seen a segmentation of specialisms, with individuals choosing to specialize and fill a particular niche within the larger ecosystem, such as developing bot tools, selling supplementary services (such as information or infrastructure needed to run attacks), acting as trainers, hosting communication/networking services, or working with developers as a consultant. We have started to see bots being offered as a Software as a Service (SaaS) model as well. We expect to see this trend of professionalization continue into 2022 as more people become involved and professionalization is increasingly seen as necessary to maximize profits,” adds Matthew Gracey-McMinn.
Cybersecurity fueled by artificial intelligence
From the perspective of a hacker as well as those attempting to defend against attacks, expect more AI in cybersecurity. Hackers will be able to utilize AI-powered malware to infiltrate networks and remain dormant until the best opportunity to deploy their payload arrives. Security technologies, on the other hand, will employ AI to detect anomalies that organizations may currently miss.
Physical security is given more attention
The vast majority of data breaches and cyber-attacks are caused by a lack of physical security. The bottom conclusion is that most hacks begin with the theft of credentials. If businesses do not welcome hackers in, they will not be successful. If a company wants to reduce the danger of intrusion, it should become streetwise and ensure that its employees are as well.
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