The threat of cybercrime to businesses is a fact, and it can be costly for enterprises to endure. It is not just the financial damage or the cost of remediation suffered by the enterprises, but the possible infliction of reputational damage and customer churn. Every business system has extremely exposed systems and networks that could provide cyber attackers with entry points into critical data. To handle these highly sophisticated commonplace attacks businesses need to implement strategies that help them to detect and respond to malicious activity before it causes damage and disruption. The future year will be crucial forcybersecurity and three things to be taken note of are below.
Fifth Generation of Warfare
Hacking has become an industry in itself, demanding enterprises to deal with malware, social engineering, and viruses, and full-on cyberwarfare attacks against business and governments. Attacks are becoming more and more sophisticated at a level where breaches can happen woefully for unprepared enterprises and governments. Even massive state-level cyber attacks are happening. This new cyber warfare will force them to take a proactive approach to cybersecurity, making it more about the practice of safety than the process.
Data security is the most pressing challenge of the present time. Consumers are conditioned to turn over more personal information to the companies for more personalization and convenience. But most of them take for granted the amount of information they provide to services providers over smart devices. But there is an increasing trend of companies making strong moves to protect these data, beyond virus and malware protection. An attempt worthy of noting.
Artificial intelligence and deep learning are making intelligent chatbots a viable solution to reduce customer and technical service costs. But hackers are leveraging AI driven chatbots designed to entice users to provide information, download malicious files and misdirect users to evil sites. Malicious actors are creating more powerful and deceptive tools to penetrate business. While the killer robots are becoming more conversational and intuitive industry will undoubtedly find ways to counter their activities. As AI makes an overused marketing term, it is essential to be mindful of the risks and responsibilities associated with it, because the criminals are even smarter and their methods are becoming more sophisticated.