As more companies began transitioning to remote work last year, they became increasingly vulnerable to cyber-attacks. A 2020 report shows that almost 38% of online attacks companies experience involve phishing. Whereas 32% cause intrusions to networks. The absence of strong security systems costs organizations losses worth billions of dollars. If you own an organization that operates remotely, it is useful to be aware of updates to cybersecurity to protect your company from losses. Here we shall look at the top five cybersecurity predictions for 2022.
A lack of awareness among users about cyber threats will drive the implementation of various cybersecurity initiatives in 2022. Research indicates that almost 97% of people around the world do not know what a phishing email looks like. This results in one in 25 people clicking these emails. Also, one out of three people prefers having a fast internet connection over a secure connection when having to choose. Such behavior causes cyber attacks to advance fast and be more severe in nature.
Organizations are taking many steps to address the growing threats posed by cybercriminals. In addition to installing IT protocol and firewalls, companies are organizing seminars and workshops. These aim to educate their IT staff about strengthening security measures. Some companies also introduce policies for how employees should handle and share confidential information. A rise in user awareness is likely going to prevent about 80% of privacy breaches from occurring.
Security breaches are often facilitated by vendors unknowingly who sell products having insecure default configurations. There have been several incidents of apps leaking sensitive customer information like biographical data and payroll records. These were caused by a default configuration. It allows an unauthorized third party to tap in to the system and remotely access consumer information.
It is predicted that vendors will be more proactive in making products more secure for customers. A secure design approach will become standard. Soon, all products will have cautious settings protecting vital information. Features like multi-factor authentication will be a regular component in all systems.
Since last year, there have been many challenges with international supply chains. Global shipping costs rose exponentially. This also coincided with a shortage in the availability of transport vehicles. A rise in demand for semiconductors resulted in a shortage of games consoles, graphics cards, etc. This will also likely last until 2023.
Cybercriminals might take advantage of the ongoing difficulties with supply chains. A recent report indicates a rise in Business Email Compromise (BEC) attacks since the previous year. Many customers received unexpected invoices from businesses. It is recommended that customers follow up with the company to clarify doubts when they encounter unfamiliar invoices.
Security breaches in the healthcare industry are a leading cybersecurity trend. Data suggests that between 2015 and 2019, nearly 157 million healthcare records were accessed by unauthorized parties. Such breaches cost companies around $7 million in 2020. Consequently, many hospitals and clinics have begun making their digital systems more secure. This has driven growth for cybersecurity in the healthcare sector.
In 2019, the healthcare cybersecurity market had a value of roughly $10 billion. This was earlier expected to grow to $34 billion by 2027. However, taking into account the impact of the pandemic, the market might grow to $125 billion as soon as 2025. Studies base this cybersecurity prediction on the fact that almost a quarter of all cyberattacks globally are in the healthcare industry.
Last year marked a significant transition in the global workforce. Most companies began to adopt remote work as a way to comply with ongoing social distancing protocol. As more people work virtually, IT offices struggle to build the necessary technology infrastructure to support workers. Consequently, new challenges emerge in the form of securing these new services and devices from cyber threats.
Identifying and preventing online threats is a key challenge facing IT professionals. The availability of high-tech means to attack virtual systems makes it harder to detect cyber threats at present. Organizations need to shift their focus to bringing new hardware and software into existing security mediums. This will allow them to better protect organizational data and prevent privacy breaches.
In addition to the above, cybersecurity predictions such as growth in machine learning, transition to cloud services, and the rise in customer anxiety will emerge in 2022. Do not expect such trends to change significantly. Instead, they will likely shape the growth of the cybersecurity market in the upcoming years.
Written by Redwood Creative Online Marketing.