Source: Security Intelligence
Given the current cybersecurity challenges faced by organizations and individuals, these are ought to increase with time and rapid changes in technology. Here are areas of cybersecurity that we need to focus on in the future.
Use of cloud has definitely increased given it is faster, cheaper, and easy to use. But, the pros come with the biggest con—security breaches. People want easy services but they also should pay attention to how they can protect the data being shared across the cloud.
Cohen Wood, cybersecurity expert predicts that the future of cloud computing might evaporate in 2031 but not go away entirely. Wood believes people will use on-prem, peer-to-peer closed networks, and blockchain.
Cybersecurity expert, Rogers Grimes shared that the attacks threat actors use to steal our passwords today will still be the same in 10 years thus passwords will still be in use which is why there is such an emphasis on using strong passwords. Setting passwords that are unique, long, and uncommon are a key way to protecting your data and personal information online.
“There are 10 root causes of all hacking and malware exploitation, including social engineering, unpatched software, misconfiguration and eavesdropping,” he said. “The methods used 34 years ago (when I started in the industry) are the same methods used today. They haven’t invented a new way of hacking. So, I believe that passwords will be around at least another 10 years, or two decades, or forever. I’m going to go against the conventional wisdom.”
AI will play an important role in the future, and experts believe it will be the catalyst to keep up with cybercriminals and protect sensitive information. You will still need human input, but majority of the work can be done by bots with sophisticated algorithms.
Individuals and businesses have already seen an increase in breaches since the pandemic, as well as the consequences of them. Data breaches will also be more prevalent in a decade according to experts. Over the years, we're going to get new technology, new devices, and more people using these devices thus, the risk of breaches will increase.
Experts except more supply chain attacks and even more nation-state attacks, and the only way to prevent such attacks is to pass a digital act between nations.
The cybersecurity skills gap is still an overarching issue. There is a high number of unfilled cybersecurity positions which also makes it difficult for organizations to keep up with new threats. The salaries are high even for a new graduate and job security is solid, yet the issue still persists todays.
In addition to the skills gap, there isn't enough diversity in cybersecurity either. Getting women interested in the field is another issue experts are trying to solve.
“It may be shocking to a lot of people, but the percentage of women in the IT security field today is lower than the percentage twenty years ago,” Grimes said.
IBM is committing $21.65 million to the University of Ottawa to build and operate a cybersecurity learning facility to research and train in cybersecurity and cyber safety. The university will invest about $7 million over the 5 years.
Given the cybersecurity skills gap and staff shortages, this is a great initiative to help train newcomers in the field. The facility will be in English and French to expand Canada's cybersecurity workforce.
It's a hands-on collaboration between IBM and UOttawa that will train participants on how to properly plan, respond, manage, contain, and remediate a cyber incident to gain an understanding of the skills and preparation necessary to anticipate and defend against current and future cyber threats.
In addition, seven other faculties at the university are expected to make use of the facility. Since cybersecurity is a field that overlaps with many other fields, this is a great way to train students from programs other than cybersecurity, IT, or engineering.
Cyberattacks in the healthcare industry are not stopping anytime soon. The average cost of a breach was $9.23 million in 2021 which is an 29% increase in just one year due to the pandemic according to 2021 Cost of a Data Breach Report.
What's scary about healthcare breaches is the fact that they don't just have financial or reputational impacts, they can be life or death situations for patients and put people at risk.
There are three key areas where the healthcare industry falls short:
Cyber breaches can be predicted and that is known as "breach-likelihood". Organizations should take a stand in predicted ahead of time and preparing for it, rather than acting once it happens. The breach-likelihood can be determined from each medical device in every room, or even department. Each prediction helps the hospital or clinic to be prepared to mitigate breaches.