Review cybersecurity threats and solutions in 2020 (Part 2)

Luong Ngo

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The past decade has seen the proliferation of technology providing many advantages, but also with distinct disadvantages. This part will mention some of the solutions helping your organization defense before cyberattacks.

As threats change over time, security solutions change too. These tools enable security teams to adapt to new attack methods and tools and ideally enable organizations to identify vulnerabilities before attackers can exploit them.

Endpoint Management

As an organization’s systems grow, the expansion of endpoints often occurs in the following categories: cloud solutions, bring your own device (BYOD) policies, Internet of things (IoT) devices. These things mentioned above presents a possibly vulnerable endpoint.

XDR is a trending solution that can help with endpoint management. It provides proactive protection for threat detection and response and offers visibility across networks, endpoints, and clouds. This will increase the productivity of security teams and track threats throughout the organization.

The Growth of Alternative Authentication

Privacy and password strength is a security concern that has persisted since the beginning of the Internet. However, another authentication method is beginning to replace passwords — alternative or passwordless authentication.

Alternative authentication solutions, such as hardware tokens, knowledge-based authentication, biometric authentication, and unique password generators can offer a more secure option. It is predicted that by 2022 90% of midsize businesses will adopt passwordless authentication for more than 50% of their use cases.

Companies need to begin investing more to improve in-house cybersecurity expertise. (Photo: 10BestOnline)
Cyber Insurance

The total losses associated with cyberattacks and extortion were estimated at around $11 million in 2019. Due to this, it’s not surprising that organizations are looking for damage reduction measures and buying insurance.

Despite the need for coverage, insurance providers have struggled to adapt to the changing cyber risk landscape. This includes the increasingly important role that IoT is playing and the emergence of more connected devices. This lag creates a lot of opportunity for new insurance models and coverage.
Cloud-Based Security Expansion

As the world moves a large amount of technology infrastructure to the cloud, cloud-based security platforms and services continue to grow. Cloud-based security can offer several advantages over traditional approaches, including economies of scale, reduced costs, better protection performance, increased threat intelligence, faster compliance with industry, and government standards.

Advances in Encryption

As cyberattacks have become more sophisticated, numerous advances in data encryption have followed suit, however, a particular encryption strategy is no longer effective. To address this security gap, many advancements in encryption are emerging. These include distributed ledgers, zero-knowledge technologies, ring signing, and privacy technologies. When used in combination, these technologies can provide complete or partial data anonymity and identity and data verification can be automated.

In 2020, cybersecurity trends are turning into a necessity for business continuity, as organizations face attacks from a staggering number of directions.

Source: Dzone

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