With the rising damages along with the fact that the tactics of cybercriminals are evolving, it is critical that businesses protect against threats. It is also important that they understand evolving threats and tactics. Below are the five security predictions that businesses should be aware of moving into 2020.
Artificial Intelligence will continue to be leveraged
Businesses are continuing to use artificial intelligence (AI) for multiple business functions and to advance strategic objectives. The use of the machines to learn and perform tasks such as scanning networks for vulnerabilities.
Ransomware attacks will rise
Ransomware is a malicious attack that locks users out of accessing their data until money is paid. These generalized forms of attacks are continuing to represent a more prevalent threat to government agencies, educational institutions, and healthcare. The increase of these attacks is also creating a cybersecurity insurance market which is a new area of growth.
Biometrics will be used in new ways to authenticate users
Biometric authentication is used as a form of security that uses biological characteristics that are unique to individuals. Passwords are becoming less secure and as many businesses are looking to use multi-factor authentication, biometrics will become more popular.
5G Technology will Change the landscape
5G is the most recent generation of cellular network technology. It promises higher speeds and increased bandwidth. As this happens, new vulnerabilities will emerge and malicious actors will exploit these vulnerabilities. A lot of these attacks will happen through IoT devices.
Policies surrounding consumer and personal Privacy will be introduced
The California Consumer Privacy Act (CCPA) went into effect on January 1, 2020. This landmark piece of legislation secures new privacy rights for California consumers.
- The right to know what personal information is collected, used, shared or sold, both as to the categories and specific pieces of personal information;
- The right to delete personal information held by businesses and by extension, a business’s service provider;
- The right to opt-out of the sale of personal information. Consumers are able to direct a business that sells personal information to stop selling that information. Children under the age of 16 must provide opt-in consent, with a parent or guardian consenting for children under 13.
- The right to non-discrimination in terms of price or service when a consumer exercises privacy right under CCPA.