Cyber-Security Challenges And Solutions 2021

5 Cyber-Security Challenges And Solutions: The Organizations Can See In 2021

There is good news for cyber-security engineers!

Cybercriminals will create 3.5 million new cyber-security jobs by 2021-22 with a steep rise of 350 percent in just five years. The organizations are investing heavily in security professionals hiring for maintaining data privacy and avoiding cyber-attacks.

Congratulations cyber-engineers, the increasing number of openings never let you lose the job and keep your pockets full. The worst part is that the attackers put a dent in the system security from the point which is never realized by the cyber-engineers. Moreover, sometimes, the cyber defenses don’t stand up to the high standards and technology that cyber-attackers are using. The knowledge, expertise, and skills gap don’t enable the organizations to combat the evolving cyber-threat landscape.

Recently, the leading players such as Equifax, Netflix, Sonic, and Yahoo which have become the victims of the cyber-attacks imply that organizations should keep cyber-security on priority else it costs a ton to them. To achieve enterprise-level security for the system, facilities, people, and finances, the organization must be aware of the trending cyber-threats.

Here are the couple of cyber-security challenges and their solutions to overcome from them:

  • Ransomware evolution

Nothing is disastrous than an email or message looking like it comes from a CEO or the bank, that’s when opened by the users, it gets latches on the information, corrupt the system, and recovering the data becomes impossible unless the hundreds of thousands of dollars demanded as a ransom is given to cyber-attacker. The ransomware attacks are increasing at warp speed of 36% with millions of applications are malware.

The devastating part of the story is the businesses are still not taking it seriously where most of them are still not having disaster recovery solution and disaster recovery strategy in place. Going ahead, the fundamental disaster recovery strategies are not enough to defend the organization against the evolving ransomware. Therefore, they are not left with an option other than paying big bundles to the cyber-criminals.

Solution: Modern technology has an answer to this problem in the form of a DRaaS solution. The solution creates a defense mechanism for the ransomware attacks by launching a fail-over at the flick of a switch when the ransomware corrupts the data alongside it facilitate the auto back-up of the files.

  • Poor asset management

When the organizations don’t know how many access points they have on the network, then identifying which one is in the need of security update and which one is under attack is impossible. It’s the biggest problem with some of the organizations that arise due to the unavailability of the inventory and impeccable management of all the assets tied into the network.

This problem gets multiplied by manifolds with IoT technology that has connected people to people, people to machine, and machine to machine. The interconnectedness among the enormous appliances in the office building and employees mobiles makes it difficult to stipulate which point is making the system susceptible to cyber-attacks. Identifying when the unknown asset is entering into the network through the insecure web interface, during data transfer, or insufficient authentication is a hard nut to crack in.

Solution: Conduct a review of all the devices connected on the network, and then creates an inventory of all them specifying which platform the devices running on along with interconnectedness specifications. It helps in determining different access points on the network and making them secured with security updates or security protocols (Time-out sessions, password protection, two-factor authentication, and user verification).

  • Lack of a robust defense system

The cyber-attackers are not necessarily the outsiders. The research had proven that nearly half of the cyber-attacks are carried out by insiders. It means the trusted users and systems poses a great threat to the organizations that are most difficult to identify and stop. Despite, putting the restricted access limit, the users cause subtle damage to the system and database.

Furthermore, the data breaches occur due to an open network structure where the trusted users have unfettered access to all the systems on the network. The absence of required defense on the user level and in-depthmakes the system highly prone to attacks.

Solution: The AI-powered robots are helping the organizations to protect the systems against cyber-attacks. The organizations are expected to invest $2.5 million in AI technology by 2025 to prevent cyber-attacks because they surpass the human cyber-engineer’s capability to identify and fix the cyber-threat.

The robots identify the malware and other types of data manipulations occurring in the system in the real-time and mitigate its negative impact with a defending solution beforehand. On the flip side, the security professionals rarely understand the attack at the time it’s intruding the system and cannot prevent or deal with the attack immediately.

Plus, the robots keep an eye on the system 24/7 with no breaks that ensure the round-the-clock vigilance on the system. The best part is the organizations don’t need to paychecks to the robots or spend bucks in retaining them.

  • IT hygiene

The unpatched systems are a critical weakness of the organizations where the zero-day exploits (Unknown issues with security in systems) leveraged by the attackers against any system. The biggest problem is unpatched known vulnerabilities that can’t be easily discovered and patched. The engineers end up spending weeks on working independently on every zero-day exploit to discover the unknown unpatched vulnerabilities.

Taking a step further, the organizations have enough cyber-security solutions in place, but not enough people to manage the solutions. When the security alert is missed, the impact of damage can’t be minimized.

Solution: The organization should either build up a team of IT security professionals or get partnered with the firms that provide access to a complete team of cybersecurity professionals at comparatively low cost. Later, ensure that the team keeps a schedule to step in with the security patches and constantly change the programs and OSs on the network for making it impossible for the attackers to inject zero-day exploit.

  • Server-less apps

Many organizations prefer to store and save the data on local infrastructure rather than the cloud, which requires employing several security solutions and carrying the liability to meet all the security standards. The server-less application invites the cyber-criminals because it becomes solely the responsibility of the users to keep the data safe and secure it from the cyber-attackers.

Solution: Opting for cloud servers means the user’s data will be stored in the cloud securely and the organizations having complete control over the data to leverage it for future use. It helps in safeguarding the data and winning the users with customized recommendations based on the user’s data.

My two cents: You have heard about the blockchain revolution. The underlying technology behind the cryptocurrency is finding many use cases in various industry verticals due to decentralized ledger, no middlemen involvement, immutable nature, and smart contract. However, predicting what the blockchain future holds for cyber-security is cloudy, but the technology when complemented with cyber-security approaches, it has the potential to create a breakthrough. Let’s wait and watch.

Epilogue

The digital universe has well past the inflection point when it was unthinkable for organizations to permit their operations and store sensitive information in the cloud. But, the technology advancement has opened the doors for cyber-attacks and these attacks are getting more sophisticated with passing time. That’s why the organizations are taking the cyber-security seriously and employing the right mix of technology, tools, and resources to build a cyber-security culture.

This year, ransomware, poor asset management, lack of defense system, serverless apps, IoT, and IT hygiene are expected to increase the data vulnerability and system hacking. On the other hand, embracing AI robots, blockchain technology, and the right defense mechanism would help in defeating the cyber-criminals’ efforts. So, this is what happening in the cyber world where the organizations should take proactive actions to keep the attackers at bay.

Stay tuned with us to stay updated with the latest cyber-threat, cyber-attack, and the solutions to overcome it.

processmaster

PROCESSMASTER ERP is an industry specific ERP Software for process manufacturing companies which integrates multiple facets of a business.