What is Cyber Security?

Cyber Security is the practice of securing networks, devices, systems, and programs from malicious attacks. In this era, implementing effective cyber-security is a challenging issue! There are more devices than people and greater are the cyber attacks. They are becoming more powerful day-to-day. These security threats aimed at destroying, changing and gaining access to the information interrupting the normal business procedures. Cyber Security is also named as Information Technology Security or Electronic Information Security.

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Introduction to Cyber Security

Cyber Security is all about protecting network security and devices from unauthorized access. Yes, the Internet isn’t only the chief source of information but it is one of the important platforms through which people do business. Due to this hackers target the digital medium as a tool to spread vulnerabilities and cyber risks. A strong cyber security system has multiple layers of protection extending across computers, networks, programs, and devices.

Common types of Cyber Security:

Network Security: Protects network traffic by regulating incoming and outgoing connections to prevent cyber crime from spreading on the network.

Cloud Security: It protects data used in cloud-based apps.

Data Loss Prevention: It helps prevent & protect users from sending sensitive data and information outside the organizational network.

Identity and Access Management: It is the cyber security discipline to ensure that authentic users should have appropriate access to their system at the right time. It protects the internal system from malware attacks.

Intrusion Detection Systems (IDS) or Intrusion Prevention Systems (IPS): It examines network traffic flow and also prevents the path for cyber attacks.

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There are three types of cyber security threats:

Cybercrime: Committed by an individual or a group with a specific target to cause financial gain.

Cyberattacks: Mainly target to collect and distribute sensitive data and critical information. These are often conducted due to political reasons.

Cyberterrorism: It breaches the electronic systems to bring panic and fear among the victims. Gaines and Kappeler define cyberterrorism as "The use of computer network tools to harm or shut down critical national infrastructures."

Cyber Security challenges and trends now?

Nowadays Cyber Security is the most important component of the country's national security. According to Cyber Security Service, Cybercriminals are going to create about 3 million new unfilled cyber crime techniques till 2021. Everywhere businesses are investing a remarkable amount of money in hiring Cyber Security professionals to maintain network security, secure data and maintain customer privacy from vulnerabilities. Cyber criminals are becoming more sophisticated and innovative with their techniques. So, what are the Cyber Security Challenges and Trends can we expect to face in the upcoming years?

  • 1.   In the first half of 2019, Cyber Security Company listed that there was approx 50% increase in mobile banking malware compared to 2018. Hackers tricked to hand out their data through their most common means of communication like social media posts, SMS texting attacks, gaming platforms, and emails. Whatever any individual uses most frequently is likely to become a popular attack surface for the cyber criminals. This is expected to grow more in the coming years. Any innocent click of a button on your mobile can perhaps lead you to something unexpected anytime!
  • 2.   Artificial Intelligence (AI) and Machine Learning (ML) are reinventing cyber security as a whole and also in the areas that are worth exploring in the year 2020. Being quite expensive medium organizations generally prefer non-AI based solutions. It's expected that between 2015 to 2025, businesses will spend almost $2 billion on AI to get secured from cyber threats.
    The US election (2016) marked the beginning of AI-based propagation of Fake News.
  • 3.   Global Shortage of Cyber Security Skills in the workplace may become a crucial cyber security challenge in the upcoming years. The current IS strategy isn't sufficient for the company security, demand for expertise will rise eventually.
  • 4.   As per Verizon's Data Breach Investigation Report 2019, "Phishing accounts for 32% of data breaches and 78% of cyberespionage incidents." Phishing is though an old method but now it may evolve stronger yet scarier. Despite various awareness campaigns by many reputed brands still, Phishing doesn't seem to stop in the coming years.

How to protect my business against Cyber Attacks?

Lack of knowledge is one of the greatest risks to cyber security. The former step to protect your business from cyber threats are the individual itself. Every employee must undergo regular cyber security awareness training so that they are well aware of cyber crime. Next is deploying necessary security measures and make sure your system is up-to-date.
If you are not sure of which kind of cyber security services your business organization needs, then check out our cyber security guideline here!

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