Those in the business of cybersecurity are aware the world of cybercrime is fast-paced with nefarious actors constantly working to develop new attacks. Furthermore, 2018 has been an intense year for security professionals with new attacks and breaches hitting the headlines every month. Just recently, on October 3rd, Burgerville said it discovered a “sophisticated” cybersecurity breach that may have affected customers who paid with a credit card at any restaurant location.
Cybersecurity: What to expect in 2019
With 2019 quickly approaching, so too are never-before-seen attacks from sources ranging from individual hackers to nation-state cyberwarfare teams. What should businesses expect in 2019? Here are five cybersecurity trends likely to dominate the news in the new year.
Cybersecurity trend #1: Increased use of two-factor authentication
The growing use of two-factor authentication has been a popular topic in 2018. One only needs to look at Google, a multinational corporation with more than 80,000 employees that has not suffered a phishing attack in years, to understand the utility and importance of two-factor authentication.
There are multiple methods of two-factor authentication, ranging from text messages containing verification codes to the cryptographic generation of passwords via apps like Google’s Authenticator.
Yet, physical keys or tokens have proven to be the most effective means of two-factor authentication, and the only surefire method to prevent potentially disastrous authentication attacks. Expect to see the continued cybersecurity trend of widespread adoption of physical two-factor authentication keys in 2019.
Cybersecurity trend #2: Continued ransomware attacks
Ransomware has been a lingering issue since it was first deployed en masse by hackers. Unfortunately, it appears this dangerous malware will continue being used, due in large part to numerous attack vectors through which ransomware can be introduced to a computer or network.
As these attacks typically result in the loss or damage of almost all information on an affected device, businesses should keep a remote and secured copy of important data handy. Be prepared for ransomware attacks to continue and take the proactive steps necessary to protect yourself from this ever-present cybersecurity trend.
Cybersecurity trend #3: Securing cloud-based services will become a focus
Thankfully, we have yet to see a widespread and consistent number of attacks on cloud-based services. However, such attacks did occur in 2018 and therefore could increase in frequency throughout the coming year. Enterprise-scale cloud service providers, such as Amazon’s AWS, have taken care to develop strong security practices for their services.
Yet, this level of forethought and care is not guaranteed throughout the industry, especially when one considers the cloud-based services that are currently being created by many development teams around the world. Businesses should expect consumers to choose a cloud-based service in 2019 based on the level of cybersecurity practices in place.
Cybersecurity trend #4: Application of blockchain technology to foster trust
Blockchain technology has matured at a rate that was last seen during the initial tech-boom of the internet bubble in the early aughts. Since the bursting of the bitcoin bubble, blockchain developers have focused on the practical applications of this innovative technology. For example, companies in the cybersecurity industry have been exploring how blockchain technology could make data tamper-proof.
Consider the distributed ledger technology that underlies blockchain on a global scale. There are numerous enterprise-level security applications of this cutting-edge tech. Throughout 2019, look for blockchain to transform from a speculative investor’s buzzword to a cornerstone of future cybersecurity solutions.
Cybersecurity trend #5: IoT-enabled devices will continue to be soft targets
The Internet of Things (IoT) has allowed for the creation of modern conveniences, ranging from smart cars to thermostats that can be adjusted from anywhere in the world. The downside to this exciting innovation is that IoT-enabled devices are notoriously soft targets for hackers, who can take the small amount of computing power found in each of these devices to create botnets attacks.
In general, the Internet of Things is likely to be a growing cybersecurity trend. Businesses should weigh the pros and cons of using such devices in the workplace. While modern conveniences are great to have around the office, being exposed to a cyber attack has the potential to negatively affect your company’s bottom line.
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