Security challenges, business data and information architecture are on the rise as hackers and ransomware creators are becoming more efficient than ever before. In short, the days when a simple corporate antivirus solution would be adequate are over. With so much of your data resting on potentially vulnerable networks, a professionally managed security solution may be required. Read on as we detail in the importance of an IT security solution and the outlook for cybersecurity for 2017 and beyond.
Last year, Ginni Rometty, president and CEO at IBM, said, “Cybercrime is the greatest threat to every company in the world.” She was right. In the coming years, cybercrime may become the greatest threat to every person, place and thing in the world.
Small business owners may think they’re protected against computer viruses and cybersecurity breaches, but that may not be the case. In fact, too many small business owners do relatively little to protect themselves at all. There are often so many details that come with running a business that it’s easy for tasks like securing IT infrastructure to be deferred. That said, the typical IT security problem can cost a small business thousands of dollars to correct, and an untold amount of lost work time per year.
Few businesses can afford such an incident. Even if your company’s infrastructure only consists of a few laptops, its security should be a top priority. While enterprises are more likely to experience a cyberattack, small businesses have seen an increase in attacks in recent years. That’s probably because most cyber criminals don’t really care who they target so much as what they target, which is almost always money.
Hackers often target smaller businesses and startups because those businesses don’t typically have the sizable security budgets that big corporations do. If your company has yet to develop a comprehensive cyber security plan, it may be time to reassess the situation.
According to CSO, there are five major cybersecurity trends that are prime to continue through 2017 and beyond:
- Cybercrime damage costs to hit $6 trillion annually by 2021. It all begins and ends with cybercrime. Without it, there’s nothing to cyber-defend. The cybersecurity community and major media have largely concurred on the prediction that cybercrime damages will cost the world $6 trillion annually by 2021.
- Cybersecurity spending to exceed $1 trillion from 2017 to 2021. The growing rate of cybercrime has pushed cybersecurity spending on products and services to more than $80 billion in 2016. Global spending on cybersecurity products and services are predicted to exceed $1 trillion over the next four years.
- Unfilled cybersecurity jobs will reach 1.5 million by 2019. There is a severe shortage of global cybersecurity talent. There were an estimated 1 million cybersecurity job openings in 2016, and that figure is expected to reach 1.5 million by 2019. As a result, the cybersecurity unemployment rate has dropped to a fraction of a percent.
- Human attacks to reach 4 billion people by 2020. As the world goes digital, humans have moved ahead of machines as the top target for cybercriminals. Microsoft estimates that by 2020, 4 billion people will have access to the internet, which means twice as many potential targets for hacking than there are today.
- Up to 200 billion IoT devices will need securing by 2020. Cisco and Microsoft have both predicted 50 billion devices will be connected to the Internet by 2020. That means that the amount of digital attacks will expand over the next five years.
What does it all mean?
Learn about trends in cybersecurity to help you protect your resources. Cloud business applications typically have excellent surveillance for intrusion, controlled access, auditing and strong perimeters that keep cyber criminals at bay.
At MDL Technology, we have proven experience in providing security management solutions. We understand what can go wrong and we know how to take proactive steps to ensure that corrective action is taken. With our experts on your side, you can concentrate on the critical aspects of your business and leave IT security to us.