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Modern Cybersecurity Landscape

Posted by | Fuld & Company

Cybersecurity has been a concern since the invention of the first computer virus in 1971.

It has always been said that Precaution is better than cure. When we are surrounded by so many fraudulent activities, it’s essential that we are aware of the tools, techniques, and tactics that can protect us from such fraud. This digitalized era, when AI and technology have become so versatile and pervasive, has also presented us with the threats of hacking, virus attacks, and malware.

As with artificial intelligence, data breaches are expected to become even more prevalent in the next five years, which is both unfortunate and worrying. As more and more data and devices come online the risk of leaks only rises, and if we want to save ourselves from this, some steps need to be taken, including continuous cyber security risk assessment, and investment in tools to fight against these attacks or crimes.

Recent analysis estimates that worldwide cyber security spending will reach approximately $175 billion in 2024, with a CAGR of 14.5% from 2022 to 2027, and we will continue to see more investments in the space.

Future tools are expected to be armed with powerful strategies such as Behavioral Analytics, Artificial Intelligence, deep learning, and two-factor authentication to confirm the user’s identity based on multiple parameters. In addition, deep learning is being used to analyze data such as logs, transactions, and real-time communications to detect threats or suspicious activities. A few years from now we will also have security algorithms that allow us to create specific bots that hunt for specific threats, with little human input.

Other tools which we are increasingly seeing in the market include vPro chips, designed for specifically for authentication security purposes and embedded in the hardware itself, and Blockchain cyber security, one of the latest cyber security technologies that’s gaining popularity and recognition and will surely be growing more in the future.

Finally, the Zero-Trust model is one of the technologies we will be seeing much more of in the near future. It provides protection to both internal and external networks, including business-critical data identification, mapping the flow of this data, logical and physical segmentation, and policy and control enforcement through automation and constant monitoring.

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