Cloud-based security threats involving misconfigured cloud infrastructure, decreased access and power, inadequate data deletion, and unstable cloud applications will continue to affect companies in the future.
FREMONT, CA: As technology advances, so does the cyber-threat landscape that companies need to navigate. As such, it is projected that the global cyber challenge delays the rate of technological advancement by as much as USD 3 trillion in lost economic value in 2020. Lack of trained security staff, diverse regulatory standards, the constant advancement of cyber-attacks, and perilous insider risks prove to be the most critical ongoing cybersecurity issues.
When businesses look to the transition to a new standard in 2021 and beyond, there are several main developments in cybersecurity that security departments need to recognize to handle the crisis:
1. Cloud Threats
As remote work and online networking deepened after the coronavirus pandemic, cloud adoption has become an ally for companies to maintain business continuity. While global companies had moved to the cloud before the crisis, the pandemic served as a trigger for the same thing.
According to one research firm, global cloud computing sector investment is expected to hit 1 trillion dollars in 2024, with a CAGR of 15.7 percent over the 2020-24 projection period. However, accelerated cloud migration is expected to generate a host of new security risks and challenges. Cloud-based security threats involving misconfigured cloud infrastructure, decreased access and power, inadequate data deletion, and unstable cloud applications will continue to affect companies in the future.
2. AI Integration
As cyber-attacks begin to escalate in severity and scale, Artificial Intelligence (AI) is developed to help under-resourced defense teams remain ahead of the risks. Through processing vast volumes of risk data from organized and unstructured tools, AI offers threat analysis, reduces the time the protection team needs to make strategic decisions and react to the threat.
3. Extended Detection and Response (XDR)
With the data compromises, security teams are encouraged to achieve awareness of the company and consumer data through communications, endpoints, networks, servers, cloud workloads, and applications. XDR is designed to gain traction as it can dynamically capture and compare data from various endpoints to enable quicker detection of threats and incident response. For example, a cyber event that triggered server, network, and device warnings may be merged and correlated to make the incident noticeable and contextual.
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