For small and mid-sized businesses (SMBs), cloud computing services provide an easy and flexible way to access a multitude of applications and the power needed to keep the business running regardless of location. These services provide an environment to rapidly scale and develop new software programs and ecosystems without the need for a heavy investment in infrastructure.
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The shortage of skills is one of the biggest current challenges facing the cyber security community. Tools and services are widely available to organizations, though few people are qualified to perform the tasks needed in order for cyber security teams to excel.
The potential dangers of ransomware are top of mind for cyber security and IT leaders around the world. The threat of these attacks continues to rise with no organization completely safe. Ransomware attacks have been reported by businesses of all sizes and vertical industries.
A growing number of organizations are increasing their use of the cloud.
These workloads, including databases, transactions, and analytics, are vital to business operations.
Cloud workloads are different from regular endpoints which is why security teams need to deploy platforms specifically designed to protect these resources.
- Ransomware attacks are on the rise and costing companies millions of dollars, and enterprises need to take steps to protect themselves from these threats.
- Best practices for defending against ransomware include strengthening the overall security posture with stronger access controls such as strong endpoint protection, two-factor authentication, employee training, and data backups.
Ransomware is hitting organizations hard, and there seems to be no end in sight for these damaging attacks on enterprises of all sizes and across industry verticals. With major ransomware news breaking almost daily, enterprises are beginning to take the threat seriously due to the risk of financial losses, business downtime, loss of customers, bad publicity, and other unpleasant results.
- Ensuring data privacy is now a worldwide concern, with many countries adopting data protection laws
- Much work still needs to be done to ensure the privacy of information
- Tools and training are keys to success
- Ransomware, banking malware, unwanted applications, and Android attacks all rose significantly
- Pandemic-related incidents had a big impact
- Similar threats expected for this year, and cyber security teams need to have the right security tools in place
- Efforts have long been underway to create more advanced cryptography, and the market appears ready to deploy these solutions
- Promising new approaches include quantum key distribution, biometrics encryption, and homomorphic encryption
- More people are using wearable devices such as smartwatches, in part because of the work-from-home model
- These devices store growing volumes of personal data and in many cases are connected to corporate resources, presenting potential security risks
- Security for industrial infrastructures is likely to get more attention with the continuing growth of the Internet of Things
- The global industrial cyber security market is expected to grow 8% between 2020 and 2027, according to research by Fortune Business Insights
- Among the emerging market trends is the integration of industrial cyber security products with advanced cloud services, needed to monitor and analyze growing volumes of data
Organizations’ concerns about cyber security, privacy, cloud, and technology resilience are fueled by changing business priorities, remote work, and accelerated deployment of new technologies, according to report.
- Financial services firms are major targets of cyber attacks
- A recent report describes six “extreme but plausible” future cyber threats finance firms need to be aware of when thinking about which industries are prime targets for cyber security breaches, financial services certainly comes to mind.