We live in a technology-driven world. But with such tech power also comes tech safety and security responsibilities. As the rate of data breaches continues to rise and threaten our livelihood, so do global innovation and tech breakthroughs aimed at maintaining our software security. Even more, it is predicted that the top threats over the next few years will likely be from a type of hack already known to security professionals today.
This means that 2020 will most definitely represent a time of continual change for the field of cybersecurity. And though the uncertainty might make it difficult to know what that means exactly, based on current trends, we at ITS are making predictions about likely events that will rule the software security sector over the coming year.
2020 Security Predictions
1. Two-Factor Authentication Will Become New Standard
With cybercriminals increasingly finding the ways and means to breach passwords and account credentials, it is becoming more and more common for websites to require users to complete a two-factor authentication process to sign into accounts.
Two-factor authentication requires users to provide a second piece of identification such as an answer to a security question or a verification code/PIN number received via text before being allowed to log in. Currently, this feature is being offered as an option by major websites like Google, and many financial institutions have made two-factor authentication a mandatory part of accessing one’s online banking.
While two-factor authentication is not a flaw-free security solution, it is likely that multi-factor authentication will become a mandatory part of logging into one’s online accounts and placing transactions online in the next year.
2. Security Spend Will Increase
Because cybersecurity is such a hot-button issue in this day and age, we definitely predict that spending on software security will increase dramatically in all respects — private companies, nationwide, and even globally.
As organizations grow increasingly fearful of the cost and havoc a security breach can pose, businesses are wisely investing more money into defending themselves against cyberattacks. Many companies are turning their once-overlooked cybersecurity safety measures to IT professionals like ITS. After all, the tech solutions professionals at ITS are adept at making software and technology solutions available to our clients that will make organizations safer, more profitable, and more productive. It’s our job to know how to mitigate risk, and to help our clients achieve a safer cyber environment.
3. A.I. Will Become Essential
As artificial intelligence technology advances, it is likely that AI and machine learning will be adopted more and more into software security. In particular, AI will likely prove crucial in helping companies to defend themselves against cyberattacks, as the intelligent software can help detect and neutralize threats before causing any significant harm.
Additionally, AI will also likely be used to perform simulated attacks on a network in order to find and fix system vulnerabilities that could be exploited by hackers.
However, it is also likely that artificial intelligence will be used by hackers to find these weaknesses and use them to deploy even more sophisticated AI-generated attacks. It is then likely that AI will play a major role in shaping the future of cybersecurity not only in the coming months, but also in the years to come as this technology becomes more sophisticated.
4. IT and Security Firms Will Join Forces
We are definitely preparing to see an increase in crossover security initiatives. We expect to see announcements about security companies partnering with other innovative companies.
Examples of crossover predictions will include government applications, healthcare, automobiles, smart cities, smart homes, and critical infrastructures that require secure connectivity. Still others will go wide – by industry, tech category, ‘smart device’ family, or artificial intelligence advancements, etc. Some of these new forecasts that you’ll want to watch will not show up on traditional security prediction lists.
5. Supply Chain Attacks Will Increase
An increasingly common target of cyberattacks is the software and hardware supply-chain. Cybercriminals have begun somehow infiltrating and implementing malware into legitimate software packages and updates at the plant, distribution location, or third-party facility. With such a stealthy practice, virtually any user who unknowingly uses the malicious version of the software will then find that their computer is automatically infected, potentially opening them up to a wider data breach.
There is also a risk that attackers could use hardware to send compromised components out to millions of users. The last year has seen a drastic increase in the number of supply-chain attacks, and it is likely that this number is only going to grow in the coming year. This makes it critical that companies that rely on partners and third-party vendors create vendor risk management processes that will help them to prevent such attacks in the future.
How to Keep Yourself Safe
Don’t just assume that a software security breach won’t impact you. Start speaking up and asking: What is my company planning? How do our plans, strategies, and projects stack-up to the predicted cyberthreats? Who is leading the effort? Once you know the answers, engage that person or team by bringing valuable insights and data regarding where the cyberthreat environment will be. If nothing is happening in this area, start up the conversations.
You’ll also want to enlist the help of a tried and trusted security provider. Get in touch with us! Information Transport Solutions, Inc., a Uniti company, is a full-service provider of technology and security solutions.