4 Cybersecurity Trends in 2017

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Organizations of all industry sectors worldwide are proactively engaged in establishing protocols for strengthening cybersecurity and privacy landscape. As there’s no stopping to the escalation of cybercrimes, the trends for cybersecurity is on the flux of constant evolution.

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Here are the 4 cybersecurity trends in year 2017:

  • Digital businesses are leveraging cybersecurity

PwC, in its “Global State of Information Security® Survey 2017” states that “organizations are embracing managed security services to integrate, operate and enhance their cybersecurity programs.” The report points out that churning out a single source of enterprise-wide data can be possible by the amalgamation of threat intelligence and analytics into the cloud.

The survey (which consisted of more than 10,000 businesses and IT executives) found out that privacy training & awareness is the biggest privacy priority for organizations worldwide. This is followed by other priorities including privacy policies & procedures, privacy assessment, and privacy incident response.

  • Securing IoT

The same PwC report highlights that the integration of security domains such as IT, OT, and consumer technologies in IoT will be a game changer as doing such causes the information flow among connected devices to disrupt.

Companies have already started to take action on IoT security as well as privacy fronts. In the survey, organization report collection of new data, retention, and destruction as the most important IoT policy. Other IoT policies which organizations consider important include system interconnectivity and business ecosystem vulnerability, employee training on IoT security practices, technologies and policies to safeguard against customer privacy violations, and uniform cybersecurity standards.

  • Ransomware will grow

Trend Micro, in its report “The Next Tier,” had predicted that ransomware will grow, its attack methods and targets will diversify and create new cybersecurity challenges in 2017.

The report also predicted that the ransomware families will grow up to 25% in 2017. IDC predicts ransomware attacks on healthcare organizations to double in 2018.

  • Shortage of skilled IT security workforce

In McAfee’s study “Hacking the Skills Shortage,” which interviewed IT decision-makers, found out that “82% of them reported a shortage of cybersecurity skills, and 71% agreed that the shortage of skills does direct and measurable damage.

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