Recent Trends in Cyber Security

Introduction

The Internet, as one of the most rapidly evolving technologies in our life, provides us the most recent changes. Sending and receiving any type of data, whether it’s an e-mail or a video, is now as simple as pressing a button. But does anyone consider how safe their data is transmitted from one source to another without personal information being leaked? This leads to the topic of cyber security.

The introduction of these technologies, which render us unable to adequately preserve our personal information, is one of the reasons for the rise in cybercrime today. Today, the internet is used for more than 61 percent of industry transactions. As a result, for smooth transactions, this field necessitates a greater level of protection. Cloud computing, mobile computing, e-commerce, and internet banking are all new technologies that require a high level of security. Improving security and safeguarding sensitive data is important to the economy’s success.

Why is Cyber Security Important?

According to a countrywide poll of US technology and healthcare leaders, corporations feel cyber assaults pose a severe threat to their data and business continuity. Cyber security is an important part of internet security because of the various types of data, including sensitive data such as personally identifiable information (PII), health information, property data, and government information systems. Cyber criminals are becoming more sophisticated as a result of the advancement of such technologies, and corporate executives can no longer rely simply on solutions like antivirus software and firewalls. Governments all throughout the world have advocated various cyber security trends, with ramifications for economic, reputational, and regulatory costs.

Cyber Incident Tracer

Recent Trends in Cyber Security

1. Remote working cybersecurity risks

Because of the pandemic, most businesses were forced to move their workforces to remote labor. While this practice boosts productivity and improves job quality, it also has a drawback. Home offices, with such a workspace, are frequently less secure than central offices. This involves hackers gaining access to data via unencrypted public Wi-Fi and the practice of transferring files unencrypted for business purposes.

Post Pandemic workspace

Additionally, remote workers are vulnerable to attackers sending phishing emails. Since the end of February 2021, there has been a 600 percent spike in email phishing, according to Infosecurity Magazine. Because traditional security measures may not be successful in such situations, the organization has adopted a critical security trend to focus on such remote working challenges. This entails putting in place security controls such as multi-factor authentication, as well as enhancing the system and ensuring proper monitoring. Additionally, both the organization and the employee should think about using tougher passwords and firewalls on their systems.

2. Increase in cloud services and cloud security threats

Cloud services are one of the most popular cyber security trends, as well as a serious vulnerability. With the growing popularity of working from home, the demand for cloud services has skyrocketed. Many businesses have begun transferring their data, programs, and other assets to the cloud as their needs for the cloud have grown. As a result, understanding how to protect this sensitive data from external exposure has become increasingly vital. Taking this into account, even a little misconfiguration of a cloud setting can result in catastrophic data breaches and unauthorized access to personal information.

Increase in Cloud Services

Another area where relying just on the security tools and rules of a single cloud provider (Azure or AWS) is insufficient, as practically all other businesses have adopted multi-cloud security. Multi-layer cloud security gives multi-layer automation and intelligence to the security platform to protect against modern threats. Furthermore, real-time monitoring and analysis of end user actions might assist the cloud provider in detecting unusual usage trends. As a result, a new cybersecurity trend has evolved, requiring organisations to give suitable training to cloud service handlers as well as sufficient IT resources to tackle such risks against attackers.

3. Multi-factor authentication improving

Multi-factor authentication, regarded as the gold standard of authentication, has risen in popularity in the last two years, particularly as hostile actors seek new ways to circumvent protection. The market for multi-factor authentication (MFA) is expected to reach USD 28.3 billion by 2026, thanks to rising demand for more secure digital transactions and payments. Although SMS providers have their own security, Microsoft advises customers to avoid utilising phone-based authentication in 2020 and instead use app-based authentication such as Google Authenticator, Okta, or Authy.

Working of MFA

The majority of MFAs do not eliminate the need for usernames and passwords. Instead, they provide a way of verification to ensure that it remains until the correct user arrives. MFA has a single sign-on (SSO) function for validating a single identity, which helps with secondary authentication instead of having to remember difficult passwords every time. MFA also includes a mechanism for remembering devices, so users do not have to enter an MFA code every time they log in. As a result, more apps are directly embedding such authentication techniques into their code.

4. Zero-Trust Network Access (ZTNA)

IT departments can no longer rely only on Virtual Private Networks because of the COVID-19 pandemic, which has compelled staff to work from home (VPNs). Provisioned access to the application on the user’s behalf is delivered through a secure and encrypted tunnel after a user is authenticated to a specified ZTNA service. This is an extra layer of security that hides IP addresses that are visible to the public. Unlike VPNs, which enable network-wide access, the ZTNA only allows access to specified resources and requires periodic reauthentication.

Zero Trust

A Zero-Trust Network Access has been brought forward as a more secure option for organizations to control the remote access. ZTNA reflects four major principles that are:

  1. No user should be trusted by default.
  2. VPNs and firewalls can’t do the access control alone.
  3. Device authentication should take place thoroughly.
  4. Implementation of micro-segmentation to minimize damage from hackers.

5. Rise of AI in cyber security

According to a report for the year 2019, more than 20,00 new vulnerabilities were discovered, which is 19% more than the previous year. Human management necessitates such vulnerabilities. The load of cyber dangers, on top of that, is too much for people to handle alone. As a result, organizations that have experienced data breaches have cited AI as a requirement for their systems. As a result, the organization that took up such a trend will save $3.58 million by the year 2020.

AI driven cybersecurity

Due to the increased number of vulnerabilities, AI and machine learning techniques such as User and Even Behavioral Analytics (UEBA) can analyze the various behaviors of user accounts, multiple servers, and various access points and thus assist in protecting an organization even before an attack occurs.
It has developed more significant capabilities like natural language processing, automatic danger identification, and face recognition by analyzing vast amounts of risk data at a faster rate than human AI. Small and mid-sized businesses, as well as huge corporations, profit from such enhanced features.

6. Ransomware Attacks

Kaspersky

Ransomware is malicious software that infects a computer and prevents its users from using it until a ransom is paid. Ransomware is often known as “scareware,” since it scares or intimidates victims into paying a fee (or ransom). What Causes Ransomware to Spread? When consumers browse dangerous or compromised websites, ransomware can be downloaded onto any client PC. When a full-screen image or notification appears on an infected machine’s screen for the first time, it prohibits the victim from using their system. This notification is delivered to the victim user in order to provide information on how to pay the ransom.

7. Rise of Data Privacy

Data privacy is one of the most important emerging themes in cyber security. Millions of terabytes of personal information have been exposed as a result of a number of high-profile cyber incidents. As a result of the increase in incidents, various strict data rules have been enacted around the world, including the EU’s GDPR. These are some of the ways that data privacy has improved and become more important than it was previously.

Data Privacy Manager

The loss of data to unauthorized hands has had an impact on every part of a business. Failure to exceed client expectations and hence lose their trust has had a negative influence on businesses. As a result, businesses are emphasizing the hiring of data privacy officers and the implementation of role-based access control, multi-factor authentication, encryption, and network segmentation.

8. COVID-19 Phishing attacks

People are increasingly seeking vaccine information as a result of the release of several COVID-19 vaccines. This has resulted in a huge increase in the number of phishing attacks. Vaccination appointment emails have been used in a number of attacks against pharmaceutical businesses and vaccine distributors.

Email Phishing

The extensive remote workforce is one of the simplest targets for such attackers, as it was easy for them to exploit a low-security network. Organizations use a variety of security measures and management practises to combat such dangers, ensuring that only the appropriate personnel have access to the resources. Changes to an organization’s infrastructure are made to achieve this purpose.

Conclusion

Identity is the common thread that runs through all of the themes we’ve looked at in this blog. You can’t secure your business profits, worth, or reputation without imposing identity protection. Individual and device/service digital identities must be protected in order for a company’s cybersecurity posture to be strong. The cybersecurity industry will continue to require competent professionals as firms place a high priority on cybersecurity and adversaries continue to test the systems and security measures in place to defend them.

Authors

  1. Muazzam Sayyed
  2. Tomar Akash Singh
  3. Rounak Kumar
  4. Rohini Kumari
  5. Saloni Shukla

Guided By — Professor Ranjana Jadhav.

Vishwakarma Institute of Technology, Pune, India.

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