With rising instances of data breaches in the world, organizations are realizing that cyber security needs to be more than an afterthought. Hackers are increasingly getting smarter and spreading their wings beyond phishing attacks to target everything from stolen credentials to cloud misconfigurations to the remote access tools (RATs).
Cyber security has emerged as the most discussed area of concern in organizations across the globe. As we usher in 2020, the scope of discussion needs to go beyond the upcoming security products and services to new innovations in the security industry. As per IDC, global spending on cyber security will touch 103 billion dollars in 2020.
Some of the key Cyber Security trends to watch out in the year ahead are:
Privacy and personal data protection will take the center stage – With the draft Personal Data Protection Bill getting the nod at the cabinet, the focus on data privacy is set to reach a tipping point in 2020. Organizations will invest in aligning their infrastructure to the requirements in the Personal Data Protection Bill to gain business edge and avoid penalties.
Cyber Defense Centers (CDCs) – While breaches and cyberattacks are unavoidable in this digital world, the challenge lies in taking appropriate steps to reduce the impact by proactively responding to threats with efficient detection techniques. Hence, Cyber Defense Centers have emerged as a viable solution for ensuring security, since they consist of a team of cybersecurity experts and trained engineers. CDCs dedicate themselves entirely to manage high-quality IT security operations and run a network surveillance every day along with predictive analysis, irrespective of whether there is an unusual event or not. The year 2020 will witness enterprises establishing strong cyber defense mechanism by adapting to latest technologies such as Artificial Intelligence (AI), Machine Learning (ML) and behavior analytics.
“Privacy by Design” Approach – Privacy shouldn’t be treated as an added feature once the product or service has been built and marketed. It must be encompassed in the entire design. In 2020, more businesses will adopt the Privacy by Design approach while creating new technologies and systems. Privacy will be incorporated into tech and systems, by default, which means products or services will be designed with privacy as a priority, along with whatever other purpose the system serves.― Neelesh Kripalani, Sr. VP and Head Center of Excellence (CoE), Clover Infotech , CT Bureau