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Home / Insights / Blog / Top 5 Cybersecurity Trends in 2022
June 3, 2022 - by Synoptek
Technology is increasingly transforming the way companies work. Cloud computing, AI, automation, and IoT are creating extraordinary avenues for businesses to grow. However, amidst these opportunities, there are also constant and looming cybersecurity challenges, and as technology advances, organizations must navigate the evolving cyber-threat environment. According to Cybersecurity Ventures Official Annual Cybercrime Report, global cybercrime costs are estimated to grow by 15 percent every year until 2025, reaching up to $10.5 trillion. Therefore, enterprises need to be aware of how the cybersecurity landscape will pan out, so they can prepare to deal with these challenges better.
Cybersecurity incidents are growing at an alarming rate. According to an FBI internet crime report, an average of 4,000 ransomware episodes occur every day. Since businesses that fall victim to data breaches can lose thousands of dollars, protecting sensitive data from cyber attackers should be at the forefront of your priorities as it can help limit your losses if a cyber incident happens. But understanding how you can move forward with cybersecurity requires you to first understand what you need to protect yourself against.
For instance, with 25% of all jobs in the US expected to be remote by the end of 2022, organizations need to look at ways in which they can protect their remote workers. Cybersecurity protection in 2022 and beyond will require the adoption of AI and behavioral analysis to deal with new ways of working as well as the implementation of secure work practices, secure access, endpoint protection solutions.
The International Data Corporation (IDC) forecasts that worldwide cybersecurity spending will reach $174.7 billion in 2024. As concerns around cybersecurity grow, there is great value in reviewing and understanding security predictions and staying ahead of the game. Here are 5 cybersecurity trends you must watch out for in 2022 and beyond:
Accidental or inadvertent data misuse, as well as malicious intent, will be one of the top cybersecurity trends in the coming years. This rise is attributed to the rapid growth of remote working; the lack of the right remote working policies or the right training can inadvertently result in improper data usage or easy malicious behavior. To overcome this, organizations will need to have a clear sense of who exactly has access to their network and accordingly craft policies and develop capabilities for detecting and mitigating insider threats.
Brands that used to sell through retailers and distributor supply chains are now forced to sell directly to customers, as purchasing habits experience a major paradigm shift due to the pandemic. According to Forrester, today, 44 percent of online adults in the United States are tired of traveling to several stores to research or purchase products, while 62 percent have completed an online transaction. While companies today have no choice but to go digital, they need to tighten their customer-facing applications to reduce vulnerabilities and devise a mechanism to be always safe.
As cyberattacks become more intense and frequent, AI-cybersecurity integration will see a dramatic rise this year as well as moving forward., helping under-resourced security teams keep ahead of the threats. By constantly analyzing large amounts of risk data from both structured and unstructured sources, AI can equip in-house cybersecurity teams to reduce the time it takes for them to react to threats.
As the skills gap in the realm of cybersecurity widens, the number of companies that hire Chief Information Security Officers (CISOs) to eliminate security-related silos will skyrocket. Another major shift that will become widespread is relating to data privacy. Considering increasing concerns about data processing and protection, data privacy will evolve from a compliance obligation to a distinct discipline that will be closely associated with security, HR, governance, and procurement departments.
Firms that are struggling to stay afloat have had to make drastic cuts in technology and personnel budgets, making it difficult to demonstrate compliance. Increased audits and budget pressures in 2022 will further force CISOs to take up risk quantification technology to resolve potential audit concerns and threats. Risk quantification tools that offer clear visibility into the criticality of assets and the possible effect of a problem in real-time with a business background will aid security heads in what assets to retain and what to let go.
As new cybersecurity threats increase, businesses must take a proactive rather than a reactive approach to remain safe. As they aim to protect their critical assets, they must become more nimble, agile, and collaborative. However, the far-reaching tentacles of cyber threats will make it difficult for businesses to concentrate on their core business goals while maintaining security. Therefore, organizations need to work with Managed Services Providers like Synoptek to prevent, detect, and respond to evolving threats.
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