On average, a ransomware attack costs a company $5 million, resulting in system downtime and productivity loss. There has also been a noticeable increase in the reach of compliance requirements. With the cost of cyber-attacks skyrocketing, it’s critical to re-examine how cybersecurity resources are being allocated. These 2019 trends build upon classic security best practices with a focus on next-generation implementation, adoption, and technologies.
Top 5 Ways to Shore Up Security
Stepping-up cybersecurity training: This one is always top-of-list for security trends (and for good reason). Your company is only as strong as its weakest link, and that link is often human. According to CSO Online, 92% of malware is delivered by email. Phishing attacks and social engineering are on the rise, and the best way to protect your company is to train your staff to be aware and vigilant.
Eliminating silos: It is ineffective and unproductive to maintain devices, systems, and departments that don’t work well together and effectively share data. To combat sophisticated cyber-attacks, companies need integrated security that include malware protection, intrusion prevention, vulnerability scanning, data encryption, and more - all working together.
Ensuring visibility across your organization and third-party vendors/partners: On average, organizations take a whopping 191 days to identify data breaches. This statistic underlines the need for improved visibility, not only within your company but throughout your partner networks as well. Security gaps introduced by unsecured vendor environments put your company at risk.
Harnessing the power of artificial intelligence (AI): Cyber-criminals are using AI and so should you. As cyber-criminals use AI to evolve their tactics, organizations can implement the same AI algorithms that use machine learning to adapt and better detect malware and other cyber-attacks over time.
Preparing for increased ransomware, crypto-mining, and Internet of Things (IoT) attacks: Trends will continue, and companies should expect to face ransomware, crypto-mining, and IoT attacks. Ransomware will continue to be popular among attackers because it is simple and effective. As crypto-currencies gain momentum, incidents of crypto-mining and cryto-jacking (taking control of devices so they can be used for crypto-mining) will see significant upticks. Also, the explosion of IoT-connected systems already presents a tempting attack surface, with 61% of companies surveyed having experienced an IoT security breach event in 2018. Companies need to be prepared and vigilant against this next-generation of attacks.
Where Are Your Weaknesses?
One of the first major steps to improving your cyber-security posture is to find out if you’re exposed to threats and vulnerabilities. That means being able to effectively and proactively manage things like DoS/DDoS attacks, ransomware, social engineering, data leaks and insider threats, Spam, and malware. Penetration testing by an experienced third-party can help you discover if and to what extent your critical data and functions are exposed. A knowledgeable penetration test team will use real-world hacking to identify where you need to invest time and resources to improve your security posture in 2019 and beyond.