The landscape for cybersecurity has changed a lot in 2021 as millions of workers went from an office to a home office environment. And with this massive shift to remote work, cybersecurity threats have grown exponentially.
Cybersecurity Trends For 2021 And Beyond.
Remote Workers: It’s no surprise that COVID-19 and the shift to remote work had significant cybersecurity implications. Many companies side-stepped cyber-attack prevention entirely to keep their business running, a decision that opened up a new level of risk.
The Ransomware Challenge: While many IT departments and companies rely on Virtual Private Networks (VPNs) to prevent ransomware attacks, VPNs are proving insufficient. By 2023, 60% of businesses will phase out of VPNs and transition to Zero Trust Network Access (ZTNA).
Increased Use Of Multi-Factor Authentication: While passwords remain the standard for cybersecurity, companies now adopt multi-factor authentication (MFA) to defend against data breaches. While MFA is critical to security, Microsoft advised users to move away from phone-based MFA due to the weak security among telephone networks.
Increased Attacks On Cloud Services: With the rapid adoption of remote work, cloud-based services have increased drastically. Going into 2022 and beyond, this trend will only continue to grow as more businesses adopt cloud-hosted processes. By the way, misconfigured cloud settings were the #1 leading cause of data breaches in 2020.
COVID-19 Phishing Schemes: The COVID-19 pandemic has brought about a significant level of phishing attacks. To combat this, organizations should consider their identity management to ensure the right people have an appropriate level of access.
Insider Threats On The Rise: Insider threats are becoming a reality for many businesses. Because of this, a company should not ignore the danger from its employees, partners, or subcontractors. While many executives find it a challenge to think anyone would do such a thing, here’s a fact you cannot ignore: 15% to 25% of all security breaches are triggered by a trusted business partner.
Hire A Chief Security Officer: More and more businesses realize the importance of cybersecurity and the importance of a Chief Security Officer. And you should too.
Be Proactive: Being proactive is the most critical step your business can take, as cybersecurity is no longer an optional investment.
Every company needs to train its staff on how to prevent cybersecurity attacks.
Unfortunately, only 11% of companies report a high degree of confidence in managing or responding to a cyber-attack.
Cybersecurity prevention is still maturing as a discipline; therefore, it should be an area of importance for your business and its strategy.
Chief Security Officers need to become more vigilant in identifying risks and articulating how they could trigger a cyber-attack (an attack that could cost millions of dollars).