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5 InfoSec Trends To Watch For

The infosec industry is booming, so it’s no surprise that new challenges and cyber threats will face IT departments for the years to come. With that in mind, what are the InfoSec trends we should all watch out for?

According to the Ponemon Institute, the global average cost of a data breach is down 10% over previous years to $3.62 million. However, this does not mean you should let your guards down. Here are some of the InfoSec trends you should watch out for:

Ransomware keeps growing

With 34% of people globally willing to pay a ransom to get their data back, and an increasing 64% for Americans, cybercriminals are more than ever motivated to raise their stakes… in terms of victims, and ransom demands.

Higher demand for skilled professionals 

InfoSec jobs require specialized skills and extensive practical training. More sophisticated threats and techniques are discovered every day and require professionals to stay up-to-date. To address this issue, and stay up-to-date on the latest skills and techniques, we recommend lots of reading, constant studying and practicing (every 3-6 months).

Trusting one or a team of individuals to protect and defend their digital assets has become an issue for companies (see next point). For this reason, we’ll see more and more temporary-hired professionals such as bug bounty hunters, consultants, free-lancers, etc.

Data breaches are on the rise

According to The Economist, oil no longer is the World’s most valuable resource, data is. Data is growing faster than ever before, and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being. In the quest for more power, cybercriminals are making data their favorite past-time.

In addition, a global survey from Symantec suggests that 50% of employees keeps confidential corporate data after leaving or losing their jobs, putting insiders’ threats at the same level of risk. Finding the right bodies to protect and defend their assets remains an important key goal for corporations in 2018.

Attackers get smarter

With new technologies, software, and techniques developed each day – and with sanctions getting harder – attackers have no other option than getting smarter themselves… or put their skills up to defending organizations instead. To catch a hacker, you must first think like one.

Cyber risk insurance becomes more common

As the InfoSec industry evolves, we might see more of cyber insurance coverage for loss of trust with their customers, loss of future revenue from negative media, and improvement costs for security infrastructure or system upgrades.

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Sources: CSO, Information Age, CMS Wire, Forbes

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