The cybersecurity threat landscape and protection measures are always changing and growing. That’s why we’ve compiled emerging trends in cybersecurity that look like they will carry over into 2020 and beyond. If you’re aware of these trends heading into 2020, you can take advantage of emerging cybersecurity approaches and technologies to protect sensitive data, monitor user activity, and improve your overall information security.
Cybersecurity Trends 2020
Artificial Intelligence (AI) and Machine Learning (ML) will have a Growing Impact
AI and ML are changing cybersecurity altogether because of these solutions can respond to data breaches and other cyber attacks so quickly. They have many advantages, including the capabilities to work around the clock, simplify data collection, and create more accurate biometric login techniques (including fingerprint and retinal scans). However, they do have disadvantages, including the facts that both cybercriminals and security professionals use AI and ML and that these solutions can be more expensive than more traditional cybersecurity solutions.How much will the cybersecurity uses of AI and ML grow in the near future? A recent report from Research and Markets projects that the AI in cybersecurity market will grow from $8.8 billion in 2019 to $38.2 billion in 2026. This growth stems from the rise in the number of internet-connected devices that use the Internet of Things (IoT), along with an increase in business-related uses of social media and growing concerns about data security and protection.
Public Infrastructure and Utilities will Continue to Experience an Increase in Cyber Attacks
Utilities companies are extremely vulnerable to cyber attacks because they are vital to economies, but often run on outdated technology. That means they don’t have access to modern threat detection and cybersecurity solutions, which creates a vulnerable digital environment that hackers can exploit. One security trend in network security for utilities is that when utility companies do try to update their networks, they often experience downtime, which leads to service interruptions for their customer base. This is a continuing problem that utility companies will have to solve, and they will need to find solutions that can fix a complex problem.
Spending on Cybersecurity will Keep Increasing
According to IDC, spending on cybersecurity-related software, hardware, and service is expected to reach $103.1 billion in 2019. That’s a 9.4% increase over 2018. Part of this may be related to the increase of data privacy regulations that has occurred in 2019. This wave of regulations began with the EU’s General Data Protection Regulation (GDPR), which was passed in 2019. Now businesses are likely spending money to make sure they’re compliant with these new regulations. Additionally, businesses are now confronting cyber attacks that target mobile devices, so they may also have to spend money to increase their threat intelligence and security measures in that vector.
Cybersecurity Trends Made for Your Business’s Future
At Reverus, we can build security solutions that tackle these problems and provide your network with protection for the future. Whether you need managed threat security or vulnerability testing, we can fill the gaps in your network’s security. Connect with us today to find out which solutions will work best for your business.