Cyber Security Trends in 2020 and Beyond

Cybersecurity is a hot topic for organizations and businesses of all sizes across every industry. As cyber-attacks continue to increase in frequency year over year, they all serve to underscore the importance and need for better cyber security defenses. Increased cyber risk is real — but so are the data security solutions.

What is the top cyber security trends of 2019?

  1. The phishing landscape is changing, though email still ranks as the biggest of those threats.
  • 32% of data breaches started with a phishing email
  • 78% of cyber-espionage incidents involved phishing
  1. Increasing use of mobile as an attack vector.
  • 70% of fraud transactions originating in the mobile channel since 2018
  • 680% of increase in transaction from mobile apps since 2015.
  1. Targeting of local governments and enterprises via ransomware attacks.
  • 20 local government entities across Texas have been hit by a coordinated ransomware attack.

Cybersecurity Predictions for 2020 and Beyond:

  1. Cybersecurity budgets continue to increase: Cybersecurity is at the top of every corporate executive’s mind. By 2020, 100% of large enterprises will be asked to report to their board of directors on cybersecurity and technology risks at least annually, up from 40% today.
  2. AI will become a key player in cybersecurity: Artificial intelligence (AI), machine learning (ML) and deep learning (DL) are being heralded as a way to solve a wide range of problems in different industries and applications. As the potential of AI is being explored to boost the cyber security profile of a corporation, hackers are also developing it.
  3. Blockchain cybersecurity risks increase: Blockchain technology increasingly receives attention as a next-generation solution to a wide variety of transactional and recordkeeping problems. However, Blockchain applications are like any other computer system from the view that software coding errors can introduce cyber risks, in addition to platform vulnerabilities and end-user vulnerabilities.
  4. IoT cybersecurity challenge will be the main concern from a business and technical perspective: In the age of Internet of Thing (IoT), expect over than 30 billion devices will be connected by 2020. Attacks on multiple endpoints will become more common.
  5. Cloud can be a threat: Hackers go after cloud misconfigurations.
  6. New privacy regulations drive spending. Also tighter regulations will affect Cybersecurity risks.
  7. Cyber Security spending will increase drastically: Global security spending is predicted to reach $128 billion by 2020.
  8. Phishing will still be the top vulnerability: Ransomware and DDoS targeting databases and sites continue to be the top threat for 2020.
  9. Two-factor authentication will become standard
  10. The threat of international cyberwar will increase.
  11. Supply-Chain attacks will increase.
  12. Increased automation in cyber security.
  13. Discovering vulnerabilities continue to be a priority.
  14. Rise of Security Assessments.
  15. Improved threat detection.
  16. Business are designed more securely.
  17. Cybersecurity will become more intelligence-driven.
  18. Passwordless authentication is achieving market traction, driven by demand and the availability of biometrics and strong hardware-based authentication methods.
  19. MSP is increasingly offering premium services to help customers get more immediate value and to assist in skills training.
  20. The cybersecurity skills shortage is getting worse: The Cybersecurity Talent Gap = an Industry Crisis. Both the government and the private sector are scrambling for talent. Companies of all sizes use managed security service providers (MSSP) to monitor IT networks, detect threats, and manage IT ecosystem that ensure up-to-date security infrastructure. Business will be better protected from cyber risks others than managing security in-house with insufficient resources and expertise. 

Need professional help?

Please schedule a one-hour free consultation with one of our Cybersecurity experts, we will start with:

  • Vulnerability Scanning: Scan IT ecosystem to find security flaws
  • Penetration Testing: Exploit flaws identified during vulnerability scanning
  • Cybersecurity Assessment (CA): Cybersecurity assessment results are documented in a cybersecurity assessment report and delivered with raw results to clients.

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About the Author: Jenny Jo

Jenny Jo is the president and co-founder of MJJT Consultants. Ms. Jo is a Software Engineer, a Cyber Security Auditor, and an IT Project Manager. She is also a Certified Informatin Security Manager (CISM) which certifies her to audit information systems, as well as design, build, and magage businesses' information security programs.