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5 Top Cybersecurity Trends for 2020

In 2020, cybersecurity is a hot topic in companies around the globe. Events of the last few months have forced many organizations to turn to telework, bringing with it a whole new set of cybersecurity challenges. Here’s a quick overview of some of the hot topics in Cybersecurity to keep an eye on.

IoT - Now Called Internet of Troubles

Over the past few years, the world has seen an explosion in connected digital devices. And with the arrival of 5G, that won’t slow down. Gone are the simpler days when cybersecurity only had to account for the internet, servers and workstations. In 2020, most digital tools are interconnected, and in many cases, powered by artificial intelligence and machine learning.

These devices collect information and sensitive data continuously and cause grave concern to cybersecurity experts. Standard firewalls and antivirus software don’t protect IoT devices like smartphones, smart TVs, printers, and cameras connected to your network. IoT devices have created a significant blindspot in many security perimeters. And on the homefront end-users often forget to reset default passwords, leaving the door wide open to hackers.

Currently, there are two best practices to follow. The first is to apply a strong password policy in your organization and keep all device OSs up-to-date. The second is to implement a network monitoring solution that will give you visibility over your entire digital infrastructure to quickly detect compromised devices.

Cybersecurity Moving to the C-Suite

Cybersecurity has traditionally been planned and managed by IT professionals. However, knowing that a company gets hacked every 39 seconds and considering the importance of the financial and material repercussions following a cyberattack, cybersecurity is fast becoming a focus for senior executives. CFOs are starting to look at cybersecurity as an investment that will pay dividends in the event of an attack. CMOs are concerned about the damage that a data compromise could cause to customer relationships. And HR increasingly is responsible for employee training and awareness of cybersecurity.

Increasingly, cybersecurity decisions are considered core organizational strategies. Having the support of your company's senior leadership is now a must to implement an effective cybersecurity strategy.

Third-Party Risks on the Rise

Working with external suppliers can put your network at risk. In fact, according to HelpNet Security, nearly half of hacked companies have been caught out by a security breach at a third-party. This isn’t a new issue. But with the explosion of Cloud and SaaS solutions, third-party security is an increasingly hot topic. As soon as you do business with a new supplier, it is essential to scrutinize all the cybersecurity measures they have in place. It’s vital to ensure that their security is up to your expectations. Treat the security of your partners with the same rigour you use for your own cybersecurity.

Cyber Insurance - Yup, Really

Hackers around the world are working relentlessly on new forms of attacks. Extremely sophisticated, these random attacks even allow the infection of multiple machines without user interaction. It is no longer a question of "will I get hacked?" but rather, "WHEN will I get hacked?”. To minimize the impact of cyberattacks, many companies are taking out cyber insurance. Cyber insurance helps reduce the financial impact of a cyberattack, assists with business resumption, covers the costs of lawsuits or even helps you with the loss of revenue associated with a ransom demand. Premiums are, of course, based on risk.

Network Monitoring - Your Single Most Effective Investment

As mentioned earlier in the IoT, the number of devices connected to your network is increasing, and standard security technologies aren’t effective in this new reality. In 2020, the single most useful investment you can make in cybersecurity is network monitoring technology that will be able to spot compromised machines on 100% of your network!

Find out how StreamScan MDR Service can Protect Your Network

We’re convinced that after seeing our MDR network monitoring solution in action, you won’t want to leave your network unprotected again. So we are offering a 30-day free trial that includes:

  • Fact-finding session
  • CDS configuration
  • 30-day free Proof of Concept
  • First month activity report and recommendations

Email: Freetrial@streamscan.com

Phone: 1 877-208-9040