Cybercrimes are increasing in number and are only getting more sophisticated. In 2021, the average number of cyber threats increased by 15.1% compared to previous years. Since the IoT revolution, the number of connected devices has increased manifold—an estimated 22 billion IoT devices are projected to exist by 2025. Along with bringing convenience and comfort to our lives, IoT devices have made the access and exchange of data easier for cybercriminals, while decreasing the control the companies have over data. Becoming a victim of data theft can lead to loss of customers, reputational damage, and huge financial loss to recover the data and establish systems in place to prevent such losses in the future. This poses IoT companies with a bigger responsibility: data security and leak prevention. Jarring cyber threats makes cybersecurity framework quintessential for companies that deal with data.
Read on to discover the cybersecurity technologies that organizations use to brace themselves against cyber threats.
Hybrid and remote work culture from the aftermath of the pandemicposed a new requirement to cybersecurity service providers: Technology that can secure organizations beyond the network perimeter. Perimeter security strategy adapted by IT companies are proving inadequate due to the digital transformation businesses have undergone, especially in today's hybrid work culture. The evolved workforce has disparate needs and uses far more digital assets than the previous workforce. They are also scattered around as opposed to working out of an office. These scenarios have proven that the traditional castle-and-moat model of on-premises cybersecurity strategy alone is inadequate, as it doesn't extend security to a workforce that is working from home or other places not in an office.
Zero Trust addresses the requirements of the present workspace by extending protection to users, data, and devices wherever they are.
The 'never trust, always verify' principle makes sure that the network is continuously monitored and gives users only the required level of access, making it suitable to detect insider threats. This is not the case with legacy IAM solutions that provide access to the entire network perimeter.
Identity as a service (IDaas) helps organizations to maintain identities on a remote cloud without having to worry about the cost, infrastructure, a maintenance team, and operational nitty-gritty of the in-house cloud environment. This is to remove the complexity organizations are facing by managing their IAM and IGA applications on-premises. IDaas not only removes the hassle of having to manage cloud infrastructures like servers, purchasing and installing software, running security patches to secure the environment, backing up data, etc., but also enables secure digital transformation at low cost. Since IDaas is managed centrally by identity experts, they can easily address any problems with their experience thereby bringing down the time and effort required to solve such issues.
Cybersecurity threats happen due to human behavior. What if we could track human behavior and plot any unusual behavior from the norm? This is where behavior analytics comes in. Employing behavior-based tools, machine learning, and correlation algorithms will help to track patterns to differentiate normal from abnormal behavior (eg., employee activity at odd hours, use of external drives, abnormal movement of data, etc.). UBA tracks users while User and Entity Behavior Analytics (UEBA) tracks both users and entities using AI and behavior analytics. This data can be compared to the past data to extrapolate normal and unusual behaviors and create alerts for such situations. This helps security administrators to find any anomaly in the network and act immediately in case of crisis.
Catastrophes due to cyber hacking are expected to increase with the expanding cyber digital landscape. New technologies like blockchain, quantum computing, and distributed clouds are on the rise and are expected to further strengthen our data-driven world.
Read the emerging trends that are expected to rule tomorrow's cybersecurity world here.