In today’s society, cyber protection is a major concern for companies and governments alike. In order to secure their data and information from hackers, these entities are increasingly investing in cybersecurity to guard against the rising number of cyberattacks.

Cyber Security is a Growing Sector

It’s a growing sector. Cyber defence professionals work to protect digital information, assets, and communications from unauthorized access or use. They may be involved in monitoring software and systems for any breaches that could put confidential data at risk, as well as developing programs to prevent those breaches from happening. The global cyber defence market has seen robust growth over the last few years with demand driven by increasing awareness of data risks and threats. 

Cyber Defence in Gambling, Banking, & Healthcare

Also cyber defence is an increasing concern for key market players, such as banks, casinos and healthcare organizations as they become more reliant on digital assets. Cyberattacks pose a risk not only to the company but also to the products that are manufactured. 

Increasing implementation of enterprise safety solutions in gambling, manufacturing, banking, finance, and healthcare is expected to facilitate market development. The market winners are looking for new ways to strengthen customer authentication methods by implementing the latest technologies like AI, machine learning, IOT devices into their networks.

Cyber Protection Trends for 2024

The future of cyber protection is an ever-changing field, and it’s difficult to predict what might happen in the next 10 years. However, some trends seem likely to be significant moving forward. 

The first trend is that the attack surface is going to expand and so there will be more areas where an attacker can find vulnerabilities in software. Protection of identification systems will also be key because attacks on these systems have become easier with advances in technology. Risk in the delivery of software has increased too as people download new updates without being aware that they are running malware or allowing third parties to access their data.

In 2024, it will be increasingly important for entrepreneurs and governments alike to assure that they are under protection across all spheres. This will also include: expanding the attack surface with BYOD; protecting identification systems such as social media accounts; risks in delivery of software updates or even through IoT devices; consolidation of suppliers.

Which Businesses Are the Weakest?

As the saying goes, “there’s no such thing as a small business.” But in today’s world of cyberattacks and digital security breaches, there are businesses that are just more vulnerable than others. According to the US National Cyber Security Alliance, 60% of small businesses that suffer a cyberattack go out of business within half a year. 

The average cost of a cyberattack to small businesses is $5.4 million, which includes damage and lost revenue as well as the costs for recovery. The most common form of cyberattack on small businesses are ransomware attacks, where hackers encrypt company data until they’re paid off with ransom money. It’s easy to assume that larger corporations would be more at risk than smaller ones because they have more valuable information; however, while this is true, it’s also easier for them to hire professionals in the sector.

In conclusion

There are a lot of things to consider when running your own business, but one that many overlook is cyber security. In the digital age, cyber attacks are becoming more and more common for small businesses. There’s been a reported 60% chance of failure for those who have suffered from a breach.

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Understanding Vehicle Vulnerabilities

Connected and autonomous vehicles rely on various electronic control units (ECUs), sensors, and communication systems that make them susceptible to cyber threats. Key vulnerabilities include software flaws and exploits in wireless communication technologies, such as Wi-Fi, Bluetooth, and cellular networks. Hackers can potentially manipulate vehicle systems, compromise critical safety features, or even take control of the vehicle remotely. Understanding these vulnerabilities is the first step in developing effective countermeasures and building secure transportation systems. It is crucial for manufacturers and stakeholders to be aware of potential threats and continually update their knowledge on emerging attack vectors to stay ahead in the cybersecurity landscape.

Implementing Cybersecurity Measures

To ensure the safety of connected and autonomous vehicles, manufacturers and stakeholders must adopt stringent cybersecurity measures. These include embedding security in the design, development, and deployment stages of vehicle software, providing regular software updates and patches, and deploying intrusion detection and prevention systems (IDPS) to monitor the vehicle’s internal network. Additionally, manufacturers should adopt a proactive approach to cybersecurity by participating in information-sharing initiatives, conducting vulnerability assessments, and collaborating with cybersecurity experts to stay ahead of emerging threats. In doing so, they can build a strong security foundation that helps mitigate risks and protect vehicles from cyberattacks.

The Role of Regulation and Standardization

As vehicle cybersecurity becomes increasingly important, governments and regulatory bodies are stepping in to establish and enforce standards and regulations. Notable examples include the ISO/SAE 21434 standard, which provides a framework for addressing cybersecurity risks in the automotive industry, and the United Nations Economic Commission for Europe (UNECE) regulations on automotive cybersecurity and software updates. These regulations not only promote a unified approach to vehicle cybersecurity but also ensure that manufacturers meet minimum security requirements to protect consumers and the broader transportation ecosystem. Compliance with these standards will be crucial for automakers in the coming years, as the demand for secure connected vehicles grows exponentially.

Envisioning the Future of Vehicle Cybersecurity

The future of vehicle cybersecurity will involve continuous improvement and adaptation to emerging threats. Industry-wide collaboration, investment in research and development, and public-private partnerships will play a vital role in ensuring the safety and security of connected and autonomous vehicles. Moreover, advancements in artificial intelligence, machine learning, and blockchain technology have the potential to revolutionize vehicle cybersecurity, enabling more proactive and adaptive defense mechanisms. As vehicles become increasingly intelligent and interconnected, it is essential to prioritize cybersecurity to maintain public trust and confidence in the future of transportation. Furthermore, the development of innovative security solutions and the integration of advanced technologies will be necessary to stay ahead of potential adversaries and ensure the resilience of connected vehicles against cyber threats.

Conclusion

In conclusion, vehicle cybersecurity is a critical aspect of modern transportation, with connected and autonomous vehicles presenting both opportunities and challenges. Ensuring the safety and security of these vehicles requires a comprehensive approach, including understanding vulnerabilities, implementing robust cybersecurity measures, and adhering to industry standards and regulations. By fostering a collaborative ecosystem and leveraging emerging technologies, the automotive industry can pave the way for a secure and connected future in transportation. As we continue to witness rapid advancements in the field of automotive technology, it is crucial for stakeholders, regulators, and consumers to remain vigilant and proactive in addressing the cybersecurity challenges that come with it. The combined efforts of all parties will ultimately contribute to a safer and more secure transportation environment for everyone.portation.

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What dangers may lie in wait for your children online

As our children venture online, there are more dangers to be wary of than ever before. From cyberbullying to hate speech, from encountering inappropriate material to receiving malicious downloads, kids can suddenly find themselves in very real danger while searching the web. Parents need to empower their children with the critical thinking skills necessary to discern trustworthy information and sites, as well as educate them on what to avoid and how to stay vigilant in the digital realm. With the right support and guidance, our children will be equipped with the tools they need to remain safe online.

The importance of cybersecurity for the devices in your family

Cybersecurity is more important today than ever before, especially when it comes to the devices in your family. With more of our lives moving online, ensuring your personal information and accounts stay safe – and that your sensitive data remains protected – has become absolutely essential. If there are any weak links in the chain, you’re leaving yourself open to hackers and all sorts of cyber-criminals who might want access to your information. Taking steps to secure every device in the family like phones, tablets or laptops with firewalls, antivirus software, and other security measures can help keep bad actors away from your accounts. Doing this may take a bit of time upfront but it’s worth it for long-term peace of mind!

If you own a smart home, cybersecurity is extremely important to you

Having a smart home can be so exciting, and with the advent of technology like AI and 5G, it’s easier than ever before to customize your living space. But remember, whenever you’re working with cutting-edge technology it’s absolutely essential that you remain conscious of potential cybersecurity threats. Don’t take security measures lightly—it’s worth investing in strong passwords and regular backup practices to make sure your data is kept safe and secure at all times. This way, even if there are malicious actors out there trying to exploit vulnerabilities in your systems, you’ll have peace of mind knowing that all your important information is safeguarded against any kind of attack. Enjoy your smart home living experience; just don’t forget that vigilance is key!

Who you should contact to improve your cybersecurity

Keeping your data secure has never been more important, but who should you reach out to for help improving your cybersecurity defenses? Because the topics of cyber security and network security are complex and ever-evolving, it is essential to connect with reputable IT professionals. Different companies may offer varying services, so do your research beforehand to ensure you’re getting the best possible deal. Not sure where to start looking? Try asking fellow business owners for recommendations or seeking advice from industry experts. Taking these proactive steps toward bettering your online security will offer unrivaled protection against cyber criminals and give you incredible peace of mind.

What are the best sources to help you understand the basics of cybersecurity

Learning the basics of cybersecurity can be exciting and challenging. To get started on your journey, you should seek out a variety of resources to build a foundation for understanding principles, policies and regulations governing cybersecurity. Websites such as TechTarget, NIST, SANS Institute, and Help Net Security offer excellent content covering everything from beginner-level tutorials to advanced hands-on security training. Reading books or listening to podcasts featuring those in the industry can also provide guidance while exploring necessary tactics and developing strategies for ensuring security. Once you’re overwhelmed with industry knowledge, certifications like CompTIA’s Security+ are great ways to demonstrate competence in the field. At each step of your cybersecurity training journey you will benefit from using multiple sources for the information you need.

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As the popularity of cryptocurrency continues to grow, an increasing number of people are investing in it. However, this growth has also led to a rise in security concerns. Cryptocurrency exchanges, particularly the top Canadian crypto exchanges, have become prime targets for hackers due to the potential for significant financial gain. That is why it’s critical to choose a secure crypto exchange in Canada to ensure your investments are protected.

What is a crypto exchange, and why do you need one?

A cryptocurrency exchange is a platform that allows you to buy, sell and trade cryptocurrencies. It acts as an intermediary between buyers and sellers and charges a fee for its services. If you want to invest in cryptocurrency, you need a crypto exchange to buy and sell your digital assets.

What are the risks of using an unsecured crypto exchange?

Using an unsecured crypto exchange can put your investments at risk. Hackers can steal your personal information and funds by exploiting vulnerabilities in the exchange’s security system. Some of the risks of using an unsecured crypto exchange are:

1. Theft of funds: Hackers can exploit vulnerabilities in the exchange’s security system to gain access to your account and steal your funds.
2. Hacking of personal information: Your personal information, such as your name, address, and financial details, can be compromised by cybercriminals who gain unauthorized access to the exchange.
3. Unauthorized access to your account: If a hacker gains access to your account, they can make unauthorized transactions and cause significant financial loss.
4. Loss of funds due to system failure: Technical issues with the exchange’s system can lead to unexpected losses that cannot be recovered.

How to choose a secure crypto exchange in Canada?

Choosing a secure crypto exchange is essential to ensure that your investments are safe and secure. Here are some factors to consider when picking a crypto exchange:

1. Security measures: Look for exchanges that use two-factor authentication, encryption, and SSL certificates to secure their platforms.
2. Reputation: Check the reviews and ratings of the exchange to ensure that it’s reliable and trustworthy.
3. Fees: Compare the fees charged by different exchanges to find one that offers competitive rates.
4. Supported cryptocurrencies: Make sure that the exchange supports the cryptocurrencies you want to trade.
5. Customer support: Look for an exchange that offers excellent customer support to help you in case of any issues.

What are the features of a secure crypto exchange?

A secure crypto exchange should have the following features:

1. Two-factor authentication: It adds an extra layer of security by requiring a password and a verification code to access your account.
2. Encryption: It secures your personal information and transaction data by encrypting it.
3. SSL certificate: It encrypts data transmitted between your browser and the exchange’s server.
4. Cold storage: It stores your digital assets offline, away from potential online threats.
5. Regular security audits: It ensures that the exchange’s security system is up-to-date and effective.

ALSO READ: Top 9 scanning tools for security scans

What are the benefits of using a secure crypto exchange?

Using a secure crypto exchange has the following benefits:

1. Protection of investments: It protects your funds and personal information from hackers and online threats.
2. Peace of mind: You can have peace of mind knowing that your investments are safe and secure.
3. Better trading experience: A secure crypto exchange provides a better trading experience with faster transactions and reliable services.
4. Trustworthy: A secure crypto exchange is more trustworthy and reliable, which can help attract more investors and increase the exchange’s popularity.
5. Regulatory compliance: A secure crypto exchange is more likely to comply with regulatory requirements, which can reduce the risk of legal issues and improve the exchange’s credibility.

FAQs

Q: What is two-factor authentication?
A: Two-factor authentication is a security process that requires two forms of identification to access an account or platform. It typically involves a password and a verification code sent to your phone or email.

Q: What is cold storage?
A: Cold storage is a method of storing digital assets offline, away from the internet and potential online threats. It’s considered to be a more secure storage option for cryptocurrencies.

Q: Are all crypto exchanges in Canada secure?
A: No, not all crypto exchanges in Canada are secure. It’s essential to do your research and choose a reliable and secure exchange to protect your investments.

Choosing a secure crypto exchange in Canada is crucial to protect your cryptocurrency investments from potential security threats. A reputable and reliable exchange should have advanced security measures in place, such as two-factor authentication and encryption, to safeguard against hacking and theft. It’s also essential to consider an exchange’s reputation within the industry and their customer support services. By selecting a secure crypto exchange with these features, you can invest confidently knowing that your funds are safe and that you have access to reliable support if needed.

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What is Cyber security?

Cybersecurity is the practice of protecting computer networks, systems, and user data from unauthorized access or attack. In other words, it’s the digital equivalent of physical security measures like locks and alarm systems. Just as you wouldn’t leave your front door unlocked at night, you shouldn’t leave your digital devices and accounts unprotected.

Here are just a few reasons why cybersecurity is more important now than ever before.

The Increase in Remote Work

Due to the COVID-19 pandemic, many people are now working from home. This shift has created a whole new set of cybersecurity risks. For one thing, home networks are generally less secure than corporate ones. Additionally, people working from home are more likely to use personal devices for work purposes, which can create a “bring your own device” (BYOD) security risk.

The Rise of IoT Devices

Another reason cybersecurity is more important now than ever before is the rise of the internet of things (IoT). IoT devices are devices that are connected to the internet and can collect and transmit data. They include everything from smart thermostats to fitness trackers.

While IoT devices can be convenient, they also present a new security risk. That’s because they often have weak or non-existent security measures. This makes them vulnerable to attack.

The Growth of Cryptocurrency

Cryptocurrency is another area where cybersecurity is of utmost importance. Cryptocurrency is a digital asset that uses cryptography to secure its transactions. Bitcoin, Ethereum, and Litecoin are all examples of cryptocurrencies.

While cryptocurrency is still a relatively new phenomenon, it’s growing in popularity. This is due in part to the fact that it offers a degree of anonymity and security that traditional fiat currency does not. However, because cryptocurrency is digital, it is also vulnerable to cyber-attacks.

Sophisticated Cybercrimes

In the past, most cyber crimes were relatively unsophisticated and easy to detect. However, as technology has become more sophisticated, so have the methods of cybercriminals.

Now, there are a whole host of sophisticated cyber crimes, from phishing scams to ransomware attacks. These crimes are not only difficult to detect, but they can also have a serious impact on victims.

The GDPR and Other Data Privacy Laws

Finally, another reason why cybersecurity is more important now than ever before is the rise of data privacy laws. The General Data Protection Regulation (GDPR) is one such law. It requires companies to take steps to protect the personal data of EU citizens.

The GDPR is just one example of a data privacy law. There are also laws like the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). These laws are designed to protect the personal data of consumers.

However, they also present a challenge for companies. That’s because they often require the use of data security measures, like encryption.

Fortify Your Cyber Security Now

As you can see, there are several reasons why cybersecurity is more important now than ever before. There are several steps you can take to improve your cyber security. Here are just a few:

• Use Strong Passwords. It should be at least eight characters long and include a mix of upper and lowercase letters, numbers, and special characters. You should also avoid using the same password for all of your accounts.
• Enable Two-Factor Authentication. 2FA is an extra layer of security that requires you to enter a code from your phone in addition to your password.
• Use a VPN. It is a tool that encrypts your internet traffic and routes it through a server in another location and making it difficult for anyone to snoop on your internet activity.
• Keep Your Software Up-To-Date. Software updates often include security fixes for known vulnerabilities. If you don’t update your software, you could be leaving yourself open to attack. So, be sure to set your software to update automatically.

These are just a few of the many steps you can take to improve your cyber security. By taking these steps, you can help keep your data safe from hackers.

Conclusion

Cybersecurity is important for several reasons. The increase in remote work, the rise of IoT devices, the growth of cryptocurrency, and the GDPR are just a few of the reasons why. As we become more reliant on technology, it’s important to take steps to protect our digital devices and accounts. Otherwise, we leave ourselves vulnerable to attack.

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It is proposed to amend a 2015 law that already provides cybersecurity measures for government agencies, such as data encryption and two-factor authentication of information system users, and call the new document the “Cybersecurity Oversight Act of 2020.”

The bill moves from indefinite agency waivers (“deferrals”) from implementing certain cybersecurity measures to waivers effective for one year only, and simplifies congressional oversight of information security rules to protect federal websites, sensitive data and other critical systems from attack. The current law, on the other hand, allows agencies to postpone cybersecurity technology implementation indefinitely, according to the authors of the new bill.

Now, to get a deferral, an agency head must certify that the requirement is “unduly burdensome” to comply with, or that there is no need to secure the agency’s system and data, and that the agency has “taken all necessary steps” to ensure its security.

The document also requires annual reports from state agencies to Congress, including a list of specific cybersecurity technology waivers, along with an estimate of when the agency will be able to meet cybersecurity requirements.

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At the end of 2020, the domestic information security market will grow by 25%. In short, there are three reasons for this growth. Firstly, information security topic is becoming more and more relevant also for objective reasons: the number of threats and activity of cybercriminals in general is growing every year. The problem of cyber-security is becoming more and more clear and close to the management of different companies and, accordingly, the main principle of making it impossible for certain business risks to be realized is becoming more and more important. Obviously, building practical security of this kind goes hand in hand with increasing relevant budgets.

Second, CII cybersecurity, as a concept that began several years ago with surveys, categorization and design, has finally reached the period of real implementation. And this, in turn, is ensuring the growth of turnover of security vendors and their integration.

Thirdly, it is impossible not to mention that this year business, realizing that next year in the new environment will also change in terms of the usual IT and IS budgeting, sought to implement the plans outlined for 2020 as much as possible and use the resources available for this purpose.

COVID on all fronts

That’s not to say that the COVID-19 pandemic hasn’t had any impact on the cybersecurity market. In reality, however, there has been more talk on the subject than practical impact. By the end of the first quarter of 2020, a situation began to emerge that raised a number of concerns: the overall number of pilot projects dropped sharply. And it is quite clear why this happened – in the updated conditions (lockdown, hasty transition to a remote format of work) it became objectively more difficult (and sometimes even impossible) to conduct these projects on companies’ sites. At the same time, it was clear that the same updated working conditions forced businesses not to freeze their own cybersecurity development projects. Taken together, both moments painted a very dangerous situation in which customer companies could abandon technology piloting (as a selection criterion) and begin to focus only on formal price points. But these fears have remained fears: healthy competition on the domestic IS market has remained the same, and the general orientation of business exactly on the practical security did not allow companies to follow a simplified route to the selection of security features.

Interestingly, throughout 2020, we have seen two powerful bursts of financial and project activity. The first, surprisingly, happened at a time when the country went into quarantine: information security services on the business side by that time already had clearly formed tasks for the year, confirmed budget plans, but the external conditions have narrowed the visibility of the planning horizon to almost zero. Therefore, some of the market players went the way of forcing tenders, starting (or completing) projects, etc. As a result, April showed the first burst of financial and related project activity on the market. The second wave of spending on information security took place in the fourth quarter and was connected with the same need to implement the approved plans. In general, this allowed the information security market to grow, despite all the twists and turns of 2020.

Heading for a Real InfoBase

We have already noted that the IS paradigm is changing in principle: some time ago, the community abandoned the idea of “building cyber fences” and came to the realization that the goal of any security system is to detect an attacker inside information systems as quickly as possible (since in principle there is no security system that cannot be hacked). In practice, during the last year this idea has evolved somewhat: we realized that it is realistic to build a security system that is guaranteed to prevent a potential attacker from realizing specific business risks. This approach implies that any company can be hacked one way or another in the course of an attack, and the task of information security is to prevent an attacker from causing any significant damage. This is a trend that finally took shape literally over the past year, and it is likely to dominate in the coming years. Therefore, at the forefront will come the tasks of creating a new type of SOC – as SLA, which operates not with the 24/7 availability or the incident response rate, but with a much more specific indicator, based on a guaranteed prevention of unacceptable risks for the organization. That is, the effectiveness of such a SOC will be assessed literally on a “yes/no” level – whether the risk is realized or not. In this concept, the qualitative practical cyber-education, as the only measure of the effectiveness of the defense system, becomes particularly important. In information security, it is easy to slip into vague assessments, and only properly organized cyber training makes it possible to avoid slipping into a Potemkin village and to be as specific as possible.

Ultimately, this approach expands the market, qualitatively changing it and leaving the right to live only to those solutions and technologies which really influence the result. That is, we are dealing with a kind of interpretation of Darwin’s theory at the technology level: only those who can detect the activity of an intruder in time, block it, eliminate the possibility of developing an attack and basically “wipe” it from the infrastructure will survive. And we, as a vendor, are also working on creating an intelligent automated tool that will solve this problem quickly and efficiently.

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The survey results reflected five major trends in cybersecurity:

• Security is the foundation for productivity in the digital age. Improving productivity when working remotely is a top priority for business unit cyber security executives (41%), and “extending data protection technology to more remote work applications” was cited by respondents as the most positive development for users in this area. Not surprisingly, “providing secure remote access to resources, applications and data” is also the biggest challenge. Most companies surveyed cited implementing multi-factor authentication as the first step toward that goal.
• Everyone is on their way to the Zero Trust concept. The concept went from being an interesting opportunity to a business priority in the early days of the pandemic. In light of the shift to remote working, 51% of IS executives are accelerating the deployment of the Zero Trust architecture. As a result, the concept could become an industry standard, as 94% of companies report that they are already implementing elements of Zero Trust to some degree.
• More different data sets – more information about possible threats. The pandemic has made it possible to assess the power of cloud technology. Microsoft monitors more than 8 trillion daily threat signals from a wide variety of sources (products, services, compromise indicator subscriptions, etc.) around the world. Automated tools have helped security professionals identify new threats before they reach customers-sometimes in fractions of a second. Cloud filters and threat detection tools have also helped alert security services to suspicious behavior, which was highly relevant to businesses because 54% of security executives reported an increase in phishing attacks since the pandemic began. Successful phishing attacks were significantly more likely to be reported by companies that described their resources as predominantly on-premises (36%), compared to 26% in companies that rely on cloud infrastructure.
• Cybersecurity is the foundation for operational resiliency. As more and more organizations provide employees with secure remote working solutions. Cloud technology makes it easier to develop a comprehensive strategy to ensure protection and business continuity in the face of active cyber threats (cyber resilience) and prepare for a wide range of contingencies. More than half of companies using cloud or hybrid technologies report having a cyber resiliency strategy for most scenarios, compared to 40 percent of organizations relying on on-premises infrastructure, of which 19 percent have no such plan documented at all.
• The cloud is a prerequisite for effective security. While professionals have often thought of security as a set of solutions to be deployed on top of existing infrastructure, events such as the massive shift to remote working demonstrate the need for integrated security systems for companies of all sizes.

In addition, more than 80 percent of companies have hired security professionals since the pandemic began. The majority of IS executives reported increasing their IS budget (58%) and compliance (65%) to adapt to the multiple business impacts of the pandemic.

At the same time, 81% also reported the need to reduce company-wide IS costs. To cut costs in the short term, executives are working to improve integrated threat protection systems to significantly reduce the risk of damage from cyberattacks. Nearly 40% of enterprises say they favor investing in cloud security in the long term, followed by data and information security (28%) and anti-phishing tools (26%).

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Who is threatening global cybersecurity today? First and foremost, it is terrorist groups whose goal is cyber terrorism. It is this type of cyber threat that poses the greatest danger, as it targets infrastructure (nuclear power plants, flight control centers) directly. The next type is webactivists, who express their opposition to an event through hacking and other types of cybercrime. Finally, the last type is associations of independent hackers who come into contact with each other under fictitious names to conduct some kind of joint action. Each type requires a different approach, requiring different countermeasures.

Different perceptions in the international community of the problem of cybercrime significantly complicate the signing of a single global document, capable of becoming a legal framework to combat cybercrime. There are two main problems that exist at the moment. First, many countries do not have a definition of cybercrime, and it is extremely difficult to unify it on a global scale. Second, there are different attitudes to this phenomenon around the world. Somewhere it is a crime, and somewhere it is just a violation of public order.

A number of experts believe that antivirus software developers have a certain interest in feeding the illusion of fear of cybercrime, since the development of new programs brings them a lot of income. It is possible that partially this version has the right to exist.

Indeed, despite all the rhetoric about the threat of cyberterrorism, in the last ten years we can think of only three really large-scale cybercrimes. These are the 2003 blackout in the U.S. Northeast, the attack on Estonia, and Iran’s nuclear facilities. Despite the significant scale of these attacks, their frequency is low.

Is a global cyber war possible and will there be a winner? Another question that many politicians and experts are asking. At present, cyber war seems unlikely and can only serve to support the foreign policy actions of one or another state. In the global cyber war, there simply can be no winners and losers, because it is extremely problematic to assess the damage and combat losses.

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1. Rethinking IS approaches in a hybrid work format

Companies’ information perimeters will become even more blurred: they must now include all devices on which employees work. The widespread shift to remote working will cause organizations’ perimeters to change. The factor of geographical distribution of workplaces is increasing: in part because companies in the remote work environment are more likely to hire employees from other regions. Decentralization of infrastructure, migration of resources to the cloud and the use of employee collaboration tools are also leading to the need for a significant change in the information security paradigm.

For the CIO, this means protecting not only the infrastructure deployed on company sites and in the cloud, but also the information systems that employees have at their disposal at home. To do that, it’s important to clearly understand what data is stored on personal devices and what risks arise from it.

2. Increasing the share of IS in IT budgets

The complicated economic situation has two effects. On the one hand, it encourages the growth of cybercriminal activity. On the other hand, it limits the growth potential of business IT budgets. Investments into information security are traditionally estimated as a percentage of a company’s IT-budgets. In a situation when companies’ technology budgets do not grow on average (and many companies’ budgets are reduced), a temporary redistribution of budgets in favor of security tools is possible – primarily due to reduced spending on IT infrastructure development.

In addition, many companies will redistribute security budgets. Occurrence of fresh threats leads to the need to build new security models, assess risks, investigate incidents, so part of the budgets will be reallocated in favor of consulting services.

3 The use of behavioral analysis for data protection

Among information security specialists there already exists an understanding that there cannot be a single solution, which would protect a company from all threats. A reliable security system has a modular structure and consists of a set of solutions integrated with each other. Perimeter and firewall, web application security (WAF), and data leakage prevention (DLP) tools are becoming mandatory for all large companies.

In addition, analysts predict the growth of sales of systems in the categories of Managed security services (MSS), SOC and SIEM. According to experts, the role of behavioral analysis tools will grow in all of these solutions. This trend is driven by the need to recognize atypical behavior and abnormal account activity in remote work environments.

4. Development of automation tools

Increased intruder activity and limited resources mean that the need for technologies to automate the work of IS departments is growing. For example, these tools include tools for automated classification of data according to its confidentiality level.

Correlationlation tools will be developed in 2021 allowing to find the correlation between events and focus the IS department’s attention only on the really dangerous events. Such systems will, on the one hand, eliminate the need for employees to check a huge number of notifications, and on the other hand, will prevent them from missing really important alerts indicating potential attacks.

5. IS specialists will develop analytical skills

The demands on cybersecurity professionals are changing significantly. IS directors and their subordinates are becoming insufficiently technical, and more and more analytical skills are required. To build and develop a viable cybersecurity system, you need to constantly analyze business processes and understand their bottlenecks.

A successful CISO must not only know the theoretical framework, but also understand the composition of data in the organization, where it is stored, the level of confidentiality, and the specific risks for each category of data. IS department employees need a new combined set of technical and analytical skills, which in turn will change cybersecurity education programs.

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