In this world, every field uses cyber defense to manage their data and information. In some cases, the government uses this cyber defense mechanism to either spy on other countries or defend their country from external attacks.
The global cybersecurity market is expected to exceed $180 billion by 2021. Cybercrime has been growing at an alarming rate of 44% annually since 2012, according to a 2015 report by McAfee Labs, and it’s projected to reach $6 trillion in costs by 2021. This figure suggests that the growth of cybercrime may be outpacing the development of digital advertising and mobile commerce by 2020. The threats companies face include data theft to mass email campaigns that can cause severe damage to a brand’s reputation.
Cybersecurity will continue evolving as threats emerge and evolve, as well as new security measures that require proactive cybersecurity to protect businesses against these challenges. And as this cyber threat continues to grow, companies will continue to invest in their security measures and innovation that can help keep their data secure.
According to a report by Trend Micro, the top ten trends that will influence cybercrime and cybersecurity in 2023 are as follows:
An increasing number of connected devices. With the internet of things expanding exponentially, many experts predict there will be more than 20 billion connected devices in just ten years. This increases the attack surface for hackers and means that securing them requires a multi-pronged approach. Taking into account various vulnerabilities and mitigating them using multiple strategies is one way of managing this threat.
Data overload. A growing volume of data means that security professionals will continue refining their techniques to protect valuable information from being manipulated and detect any potential malicious behavior that could cause damage to companies. Although some are concerned about the implications of this data deluge, others believe it will help drive innovation and improve cybersecurity solutions.
The rise of artificial intelligence. AI is valuable in preventing cyberattacks and identifying minor cyber risks. Several technologies and processes that rely on AI are already in use. Using AI to predict where a cyberattack might originate could reduce the time it takes to examine a network for malicious activity.
Hacking on mobile devices. Smartphones and tablets have become the most popular devices for hackers. This is because mobile phones and tablets provide access to more data, apps, and services than any other device. And even if the devices are secured, hackers can still use mobile applications and attack networks remotely through the internet.
The expansion of internet speeds. Increased internet speed means more information can be transmitted in less time, which means more opportunities for cybercriminals to steal data or launch attacks and for law enforcement agencies to detect those threats. Currently, it is estimated there are 3 billion people connected to the internet, which is expected to rise to 4 billion by 2020.
Cloud computing. Cloud computing is the most secure way for companies to store and process information, especially since it’s relatively easy to set up and manage. But this presents its security challenges, as well as opportunities for cybercriminals. Several cyberattacks have been launched inside cloud infrastructures, targeting healthcare systems and large financial institutions.