Cyber Security Trends for 2019
As hackers continue to become more sophisticated, businesses are stepping up their cyber security efforts. Top Teny has identified some of the key trends toward increased cyber security in 2019.
- As credit card use loses popularity because of the ease of hacking passwords, blockchain technology, utilizing a variety of cryptocurrencies, will become the No. 1 solution for businesses.
- Not only is it more secure, it eliminates banks from the chain of processing payments.
- Hackers will exploit weaknesses in business cyber security, remaining steps ahead of efforts to thwart them. Businesses will need to become more proactive in preventing cyberattacks.
- Cybercrime is growing at an amazing rate, and defense is becoming more difficult as hackers better learn the system. A new trend by cyber-attackers is based on a pyramid scheme, where victims unwittingly become attackers.
- Cyber risk insurance is expected to become a big business in 2019. Insurance companies will create a platform where losses experienced in the cyber world will be covered.
- Top Teny also predicts a continued shortage of IT personnel. This is especially the case in Michigan, where emphasis has been placed on educating people to fill the in-demand jobs. The Marshall Plan for Talent will pump $100 million into schools to better train skilled workers, including IT specialists.
- More cyber laws will be enacted by Congress. Some legislation already addresses cybercrime, but in 2019 more specific laws will be put into place to close loopholes hackers are finding in current statutes.
- Cyber-criminals are going to be more secretive. Hackers are ever evolving new methods by which to protect their identities, and that is likely going to be an increased focus as new detection methods are developed.
- More businesses will depend on artificial intelligence to defend against cyberattacks. Machine learning will not only predict cyberattacks but also have them identified accurately. Unfortunately, attackers can take advantage of these models too.
- As internet-connected devices continue to grow in popularity, they present a weak point for hackers to exploit. The Internet of Things are being manufactured without proper configuration, based on passwords, which hackers can easily bypass. As the use of these devices grows, so will the amount of stolen data.