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Internet Security Trends in 2021 for Small & Big Companies

Internet Security Trends

Digital disruption is not less than a blessing for small and large enterprises, industries, and common consumers. Comparing how we used to work in the past to how we are working right now seems no less than a miracle. 

Each one of us is relying on the internet to get the work done. For instance, a student might be using the internet for completing assignments, learning new courses, and having video calls on Zoom for group discussion. Whereas small or large enterprises use the internet to align tasks, communicate with vendors and suppliers, assign tasks, and track the time of employees. 

You have to admit that it could not have been possible without the internet. Although it provides ease and convenience, the risks cannot be put behind. The risks of cyber threats are always there and ensuing cybersecurity is compulsory. That is why some ISPs are offering security suites with their plans and packages. If you have never come across such an ISP, just click the link https://www.localcabledeals.com/Spectrum/Packages for a fine example of a provider that cares about its customers.

Technology is changing rapidly and when it comes to the digital realm, there are chances of a shift in cybersecurity trends as well. Before we look into cybersecurity trends in 2021, it is better to have a look at statistics. 

  • 95 percent of cybersecurity loopholes are due to human error according to Cybint. 
  • According to Gartner, the global information security market is expected to reach $170.4 billion by 2022. 
  • According to Varonis, only five percent of organizations’ folders are rightly protected
  •  Around 11,762 breaches were reported between January 2005 and May 2020 (Theft Resource Center)
  • According to studies by Verizon, 45 percent of breaches involved hacking, 22 percent involved phishing and 17 percent involved malware
  • 86 percent of breaches were made for financial gains while 10 percent were driven by spying
  • In the first half of 2020, data breaches exposed 35 billion records. 

Internet Security Trends 2021

The purpose of sharing statistics was to give a clear picture of how cybersecurity is a concerning issue for big and small enterprises. Now let’s take a look at some security trends 2021 you should look for. 

The shift in the Way Businesses are Conducted 

Most of the bricks-and-mortar stores are transformed into online stores. The businesses whether big or small have also revamped their structure and work models – such as asking the workforce to work from home rather than coming to the office and spending extra resources like electricity, internet bills, and other petty expenses. As everyone is working online, the risk of cyber threats is surging high. Scammers, hackers, and other culprits have a greater chance of exploiting the system. 

For instance, most people might have received a message, call, or email regarding COVID-19. Some might have come across NGOs claiming to assist unemployed people by giving them food, equipment, and hand sanitizer through donations. The current COVID-19 situation all over the globe is not coming to normal sooner, and that is when cybercrime will continue to rise in 2021. Companies need to devise strategies for cybersecurity while working from home. 

The top Threat will be Ransomware in 2021

Ransomware is a common threat nowadays which denies user and admin to access networks and files. Once the ransomware infects the system, hackers will send a ransom note demanding some money or any other form of digital currency like bitcoin. 

In 2020, a serious and unusual case was reported in which death was directly associated with cyberattacks. For instance, a German hospital was paralyzed by locking it out of systems. It was not possible to treat patients in any way. A woman who was in the need of urgent medical care was denied treatment and sent to the neighboring hospital. The woman could not survive and passed away before she reached the neighboring hospital. 

In a survey conducted of 582 information security personnel, half of the respondents did not have any trust in their organization to resist ransomware attacks. 

Moreover, 75 percent of organizations affected by ransomware were running updated endpoint protection. 

The Healthcare industry is highly vulnerable to cyberattacks due to the following reasons. 

  • Personal heathy information can be sold for thousands of dollars, which can further be distributed by cyber attackers.
  • Security of health systems is often backed by compliance and not by taking security measures. 

The signs of ransomware are not going to slow down in 2021. However, be prepared for new targeted variants devised purposefully to infect major industries like transportation, education, energy, and mining. 

IoT with 5G Network

5G networks and the Internet of Things (IoT) are going to be a major cybersecurity trend in 2021. 5G network that was launched in 2020 worldwide had opened new horizons of interconnectivity. As we all know the functioning of IoT requires interconnected devices to send and receive data to work appropriately. However, the communication between these devices will be a stepping stone for attacks, bugs, and outside influence. 

To your surprise, Google’s supported browser Chrome was also found to have serious flaws. 5G technology is a new entrant and requires a lot of work to overcome its loopholes to ensure system security and protection from external attacks. 

Every innovation and development in the 5G network might bring several networks attacked that are not known to us. The manufacturers in this regard need to act responsibly and build a highly complex 5G hardware and software to overcome data breaches. 

Incorporating Artificial Intelligence with Cybersecurity 

Artificial intelligence is being adopted by the major industries including healthcare, transportation, agriculture, and manufacturing. Artificial intelligence will further improve in the later years and the combination of machine learning could enhance cybersecurity. Artificial intelligence has played a pivotal role in developing automated security systems, face detection, threat detection, and natural language processing. While it is also being used to develop smart malware to avoid the latest security protocols in controlling data. AI-enabled detection systems can help predict new cyberattacks for any data breach.

Summing Up

These are some of the security trends to look for in 2021. Whether you are running a small business or big enterprise, make sure not to compromise on the privacy and security of your systems. Otherwise, get ready to flush away your money.

 

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