Cyber attacks are a part of our reality that concerns all the major stakeholders and players across industries. A recent report unveiled that there has been a significant rise in the number of cloud-based cyber breaches rising 630% between the first quarter of 2020. This can be pointed towards the increase in cloud-based collaboration tools used by organizations to facilitate work from home.
Cybersecurity sensitization is at large, which has adopted a healthy ecosystem and practices that can potentially shield an organization from an anticipated cyber attack. This culture has permeated across the industry, treating each individual as key security assets for a holistic change to combat cyberspace hostility.
The Need for Cybersecurity
The present cyberspace is intermittently connected, which leaves pockets of vulnerability leading to exploits and breaches by the deplorable. It is estimated that cybercrime damages will exceed $6 trillion by 2021. The alarm bell has been rung and every sector is intuitively investing in cybersecurity.
A successful running module for cybersecurity has layers of protection spread across programs, networks, data, and computers. If a cybersecurity module is integrated into an organization, technology, people and processes should all seamlessly complement each other to provide a unified front for effective threat management.
But cybersecurity risks aren’t just restricted to large scale firms, they can be everyday consumers who can potentially fall prey to cybercrime schemes. According to a report, it only takes five minutes to hack all your connected devices.
Cyberattacks are happening every 14 seconds and you are likely to be affected by it eventually. With our reliance on cyberspace, cyberattacks are a reality just like theft or robbery. With our sensitive information and social credibility at stake, it is particularly not hyperbolic to think of cybersecurity as a part of your cyber hygiene.
Benefits of Cyber Security
Cybersecurity is in constant hurdles to combat evolving cyber threats. Although nothing indicates that cybercrimes are likely to decrease, there is a clear indication or entry points that can be an open wound for hackers to attack.
Given the circumstantial inference, Cybersecurity is critical to sectors across industries and institutions that involve the protection of their respective cyber-IT ecosystem from threats like fraud, vandalism, exploits, and espionage. Here are some of the key benefits that a CyberSecurity framework entails:
- Protecting data and networks from any unauthorized access
- Improvement in business continuity and information security management
- Providing security consolidation to stakeholders in terms of your information security arrangements
- Enhanced security controls without compromising company credentials
- Preemptive to a potential cyberattack and recovery protocols for a quick revival
Use of Cyber Security across Domains
The modern architecture of cybersecurity revolves around multiple layers of defense. So, there are obstacles employed in the defense strategy to produce multiple impediments that are enough to deplete attacker resources. That creates multiple domains of cybersecurity, they are:
- Security Management
This domain is almost overlooked but consists of several tasks, including risk assessment, overseeing security functions to ensure operational compliance, changing management procedures and processes, sensitizing users for awareness.
- Identity and Access Management
IAM entails all processes, systems, and procedures used for managing authentication, assigning identities, and access controls. The identity process assigns the respective system and users with their unique names. Whereas authentication establishes a method for these users to prove their identity.
- Security Engineering
This domain has two subset domains i.e., computer operations security and network security. Security engineering also encompasses responsibilities around the firewall, router security, intrusion detection and prevention, email filtering, vulnerability scanning, and host-based security tools like DLP, antivirus, and endpoint data loss prevention.
- Business Continuity
This domain acts as a recovery center for business operations if and when they undergo a catastrophic event like a natural disaster. The domain studies and understands the central avenues that support the organization and curates a procedure that inhabits all these critical functions for an organization to be operable with lesser data loss.
The compliance domain center oversees the security controls, and that they comply with the organizational regulations and legislation. This domain is instrumental in understanding the nuances of these regulations such that appropriate security controls can be taken and audited accordingly.
This domain is often over-analyzed and mostly pertains to its theoretical value. As of its virtual application, it can be as simple as pushing the right buttons. Cryptography is primarily used for protecting the integrity, confidentiality, and authenticity of the information concerned.
Also Read: Cybersecurity Interview Questions
- Physical Security
This domain is almost overlooked, but mostly refers to the workflow associated with physical hardware. Physical Security entails a set of protocol that exists outside the cyberspace but has a direct effect on the cyberspace if breached. For instance, is the facility fenced? Is the perimeter being patrolled? Are the data centers secure enough to provide authorized access only? Do they have an HVAC system installed?
- Software Development Security
SDS tackles a handful of internally developed issues of a system or an application. This domain imparts security training for developers, performs code analysis, overseeing the process and procedure development, and apprehending newer feature requirements of an application and its consequent effect on its security.
- Security Operations
This domain is where cybersecurity tools are monitored. SOC or security operations center operates in this particular domain which also works in compliance with the other subsets. Duties of this domain include threat hunting, threat intel, incident response, and forensics.
Future of Cybersecurity
It is predicted that the number of active users on the internet will triple in 2020, reaching 6 billion. The number will exponentially rise to reach to about 7.5 billion by 2030. So, cybersecurity will be at a cusp of being mandated by default. AI, for instance, can come to fruition in the future where developers can use AI for locating vulnerabilities and security breaches. AI can potentially be used in UI to send warnings to people whenever they make poor security choices or visit risky websites.
The next thing that is quite plausible would be cyber warfare, an avenue a few nations might adopt as an alternative to traditional conflicts. This means the security infrastructure would require the mobility to respond to an immediate situation.
A study revealed computer hacks are taking place globally every 39 seconds. Cyberspace will be infested with automated scripts, which means more skilled people will be involved in cybercrimes. This will automate a massive expansion of tech workers that will be cyber enforcers who’ll maintain civility and order in cyberspace.
The current projections also indicate that the global security market will be around $42 billion, by 2020. But the only problem will be a sharp decrease in the workforce with open positions unfulfilled. This will create a vacuum where either company will fixate or invest in immediate priorities or invest in cybersecurity which will be expensive as opposed to the traditional costs.
If cybersecurity protocols are built to seamlessly manage your data security and prioritize compliance, then your organization will have significant security advantages with higher chances to combat any potential chances of a cyber attack. But given the scenario, it is highly likely that the government will place more localized security protocols to secure their digital space and that of their consumers.1