Cybersecurity has become a top concern for businesses and consumers alike, prompting many to hire the best in the business to ensure they are safe. Hackers are more active than ever before, and they're constantly finding new and innovative ways to steal people's private information. During the last year for which information is available, more than 812 million malware infections were documented. Ransomware attacks have surged by more than 350 percent, and cyberattacks, in general, have skyrocketed more than 600 percent.
Looking at Cybersecurity Trends for 2022
With all that in mind, an ever-growing number of measures are being put into place to help prevent such occurrences. Compliance regulations are growing more complex, leading to a greater need for Cybersecurity Compliance Services. In addition to that aspect, several rising trends are expected to shape the world of cybersecurity during the coming year.
1) Cyber Insurance Solutions and Problems
Until fairly recently, cyber insurance was unheard of. Today, though, that has certainly changed. Numerous businesses are seeking out coverage for losses and liabilities due to data breaches. It's a helpful solution, but it's going to become more difficult to acquire because of the rising number of cyberattacks.
Coverage providers note that their payouts are exceeding the amounts policyholders are paying in, so they're being more stringent about offering coverage. They're covering fewer types of cyberattacks as well with some excluding ransomware attacks and other issues. On top of that, the cost of coverage is predicted to grow.
2) Artificial Intelligence Will Rise to the Challenge
Businesses are increasingly using artificial intelligence in their everyday operations. AI is driving numerous business aspects from customer service to asset tracking and beyond. At this point, it's being used to foster cybersecurity as well. Certain AI applications can aid in monitoring for cyberattacks, pinpointing weak areas in companies' security measures, and blocking fraudulent activity among other features.
3) Healthcare Facilities to Tighten the Reins
Healthcare facilities are common targets for cybercrimes. Based on recent reports, nearly 90 percent of healthcare facilities have had patients' information stolen over the last few years. Attackers are even using the guise of the CDC to target people with fraudulent emails.
Facilities are subject to stringent compliance regulations, but the current norm isn't enough. They're expected to use further measures to tighten their security during the years to come. These will include more frequent risk assessments, multi-factor authentication, and high-level encryption to name a few.
4) Supply Chain Vulnerability
With numerous businesses protecting themselves and their customers against cyberattacks, hackers are up against quite a few roadblocks. That's making them more persistent than ever. Many are looking for loopholes and ways to get around targets' security measures. For some, the go-to entry point has become weak links in desired targets' supply chains. Consequently, many businesses are working with leading cybersecurity experts such as FRSecure to help identify these weak points before the hackers can, thus protecting their data and business operations.
5) Ransomware Becomes a Service
As if all the other emerging threats weren't enough to contend with, certain people and companies are now further fostering the use of ransomware for their own gain. Some entrepreneurs are developing ransomware as a service. They allow clients to subscribe to their ransomware to help them carry out attacks on targets. Subscribers gain via the attacks, and RaaS providers get a cut of the profits.
Looking to the Future
Those are only a few of the cybersecurity trends currently taking shape. Technology is essential these days, but it has made people more vulnerable to crimes. On the other hand, certain types of technology are helping to prevent cyber attacks. Of course, some advancements are working against the forces of good to further make technology part of the problem. It's likely to be an ongoing cycle during the years to come.