As technology is developing rapidly day by day, so too is the cybersecurity industry in order to keep up with this trend. Cybersecurity can be described as protecting computer networks from cybercriminals and cyberattacks, with experts predicting that the industry will hit $8.92 billion in 2021 and more than double to $20.6 billion by 2025. In fact, cybersecurity has become an important tool for businesses worldwide and is expected to be even bigger in the future, which begs the question of what is the future outlook of the cybersecurity industry.
Firstly, although solid steps have been taken to combat cyberattacks in recent years, in the future, these threats are expected to remain ever-present. There are 10 root causes of all hacking and malware exploitation, including social engineering, unpatched software, misconfiguration, and eavesdropping, which will persist in the coming years. Although many people have speculated that the password will disintegrate in the next decade, because of these threats, passwords will still exist for at least another 10 years to ensure that both businesses and individuals are properly protected. Moreover, the adoption of processes and technologies necessary for securing privileged accounts like Privileged access management PAM can further delay this disintegration of passwords.
Indeed, the need to implement measures to protect businesses in particular against cyber attacks is more pressing than ever. Technology has changed the way we live and work and has sparked a shift in businesses opting for remote working as opposed to working in an office, etc. The availability of Perimeter 81 VPN is necessary to give employees a secure connection with a remote computer network that protects a company’s confidential cloud resources. Not only does it offer fast speeds (up to 1,000 Mbps) and reliable servers, but it also allows them to access materials on the network as though they were plugged into the network’s servers. In the future, with fraudsters on the lookout for vulnerable systems and cyber risks being even more rife, businesses need to consider taking steps link implementation of MFA to make security their top priority.
There are also many other factors that are predicted to aid cybersecurity in the future. Although cybersecurity is often the subject of much speculation and theories, the one thing that is certain is how much a role Artificial Intelligence will play when shaping this sector. Artificial intelligence refers to the intelligence that is exhibited by machines and not by animals or humans and has paved its way into modern society already. Artificial Intelligence is useful in many ways as its consumption of billions of data artifacts permits us to be alerted to cybersecurity threats and risks faster than we would normally. It does so by conducting an analysis of the correlation between particular threats, such as corrupted files or disreputable IP addresses, as well as any other potential dangers. In the coming years, it is hoped that artificial intelligence will be able to enable organizations to visualize and test the most probable scenarios of concern and mitigate cyber risks with safety measures and controls. This should necessitate more of a focus on new technologies to further spot vulnerabilities, launch controlled attacks and try out their defenses.
When contemplating the future of cyber security, it is also important to address the presence of ongoing disinformation campaigns. As businesses are relying on the internet to reach a wider demographic, there have been more avenues and outlets for fraudsters to get a hold of information. Although social networking sites and applications that have been utilized by companies are beneficial for the growth of a business, it has also made it even easier for hackers to get access to information. In the coming years, as website developers introduce more sites, it is likely that we will see businesses work even more with social media to attract more people. Due to this trend, we should also witness a plethora of modern companies advocating for all stakeholders to be in receipt of education about the consequences of cybersecurity attacks. Not only should this protect businesses more, but it should also ensure a higher level of security across cloud systems.
Furthermore, a branch of cybercrime that is often understated is cyber warfare threats. This refers to cyber-attacks that target a particular country with false or damaging information, usually resulting in political unrest, the disruption of systems, and, in severe cases, even death. Currently, it is extremely challenging to prosecute cybercrime even though there has already been a global effort to do so. This could be due to the fact that there isn’t sufficient data to collect against a particular cyber-criminal. In the future, it is believed that the cybersecurity industry will concentrate on cyber warfare threats with countries implementing and improving policies to combat it as well as a surge in the number of people hired in this sector.
In conclusion, with technology developing and many businesses relying on the internet for functionality purposes, cybersecurity has become the top priority for many organizations. Not only will there still be cybercriminals in the coming future, but with companies moving to work remotely there will be even more opportunities to carry out cyber-attacks. With the assistance of artificial intelligence and the presence of certain digital software, businesses can protect themselves against threats against them. As cybercrime continues to be a pressing issue for both businesses and individuals in the coming years, extra effort should also be put into educating every department in an organization about the adoption of protection strategies.
