Top Cybersecurity Trends in 2020 That Will Shape the Industry

The technology is shaping people’s lives in different ways and all of us are more connected than ever. As the technology becomes more advanced, the majority of our activities integrate and we rely more and more on online connectivity. Similarly, industries and markets across the globe are also being governed by central technologies that facilitate operations on a day-to-day basis. On one hand, this offers great accessibility and connectivity, but on the other hand, this also makes the data more vulnerable as it is often available and accessible on multiple online platforms.

While cybersecurity experts use innovative techniques and methods to protect the network and data, cybercriminals also use similar technologies for breaching the network and steal valuable information. And the situation becomes worse when cybercriminals target business organisations to either extort money in exchange for their sensitive data or just steal the information and sell it to the highest bidder. Such threats set trends that as a result control advancements in the field of cybersecurity services.

Here’s a detailed overview of the top cybersecurity trends in 2020.

  1. The Spread of GDPR and CCPA
    Lockdown and COVID-19 outbreak has pushed businesses to come online and stay connected and therefore, their private communication and information always remains at risk. With an increasing number of data breaches through advanced techniques used by cybercriminals, data privacy has become a top priority for businesses. The General Data Protection and Regulation (GDPR) act along with California Consumer Privacy Act (CCPA) are being used as a solid response to privacy breach throughout the world including Australia. These acts ensure that the organisations are aware about the individuals or other organisations who are able to see, use, and share their personal data while maintaining their control on the flow and use of information.
  2. Data Breach and Phishing
    Phishing attacks have been and still are one of the top trends in the modern cybersecurity industry. The majority of verified data breaches happen because of phishing with emails being a primary target. However, phishing is not limited only to emails anymore as cybercriminals are trying to engage users on other platforms as well. Since these are not direct attacks on network and data security and often require human intervention, opting for the services of a penetration testing company in Australia that also provides managed next generation firewalls remains the best possible solution to detect threats in advance and respond accordingly.
  3. Cybersecurity Audits and Insurance
    Cybersecurity audits have become a necessity in today’s highly connected digital environment. The audit analyses every aspect of your business’s online network and communication to assess the current level of security along with its weak points for further improving overall security. Industry leaders in the field of cybersecurity also provide cyber insurance for mitigating risks in the case of a privacy breach or data theft. Such services have become a need of the time as cybercriminals are using more advanced methods such as AI and machine learning for breaking into systems and stealing sensitive information.
  4. Rise of Ransomware and Deepfakes
    In 2019, many private and government institutions including healthcare facilities across the globe were targeted by ransomware from different cybercriminal groups. In some cases, such groups and/or individuals also collaborated for breaching highly secured networks. In addition, the rise of deepfakes on the internet has also raised eyebrows of security experts as some of the popular deepfake videos are of the United States Presidents Barack Obama and Donald Trump. Such videos are often developed with the help of AI and machine learning and require immense skill. Although such videos have not been used in any malicious activities till date, but their accuracy and availability poses a big threat to biometric security systems that use facial recognition and similar technologies for authentication.
  5. Sandboxes being Superseded
    Many applications and antiviruses use sandboxes as secure areas for running applications and processes so that it can prevent the malwares present in the app from infecting the whole system. Although sandboxes are quite useful and potent in their own capacity, cybercriminals have developed sophisticated malwares that can bypass sandboxes and affect targeted apps and/or the system. Cybersecurity experts are coming up with advanced algorithms and techniques to counter such activities but rapidly evolving technology and the nature of threats are present a serious challenge in front of them.

Conclusion: Amid the current COVID-19 outbreak, businesses in regions such as Australia had to make paradigm changes in ways they function. The first and the most important one was that they had to maintain a constant online presence for staying connected with their employees and clients. Although this approach has benefitted them in many ways, but now they also have to protect their entire online network spread across a wide geographical area. In such a situation, being aware of the possible threats to their cybersecurity becomes a must and opting for the services of a trustworthy cybersecurity company in Australia becomes even more significant.

Talking about the cybersecurity services in Australia, ACTIV ICT is one of the few cybersecurity and audit service providers that offer a wide range of comprehensive IT security services with features such as managed next generation firewalls, live vulnerability management, Security Information and Event Management (SIEM) and penetration testing. Such an inclusive approach is required to ensure that every possible aspect related to your network security is carefully analysed, assessed and looked after, while you can focus on your core business operations.

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