Review cybersecurity threats and solutions in 2020 (Part 2)

The past decade has seen the proliferation of technology providing many advantages, but also with distinct disadvantages. This part will mention some of the solutions helping your organization defense before cyberattacks.

As threats change over time, security solutions change too. These tools enable security teams to adapt to new attack methods and tools and ideally enable organizations to identify vulnerabilities before attackers can exploit them.

Endpoint Management

As an organization’s systems grow, the expansion of endpoints often occurs in the following categories: cloud solutions, bring your own device (BYOD) policies, Internet of things (IoT) devices. These things mentioned above presents a possibly vulnerable endpoint.

XDR is a trending solution that can help with endpoint management. It provides proactive protection for threat detection and response and offers visibility across networks, endpoints, and clouds. This will increase the productivity of security teams and track threats throughout the organization.

The Growth of Alternative Authentication

Privacy and password strength is a security concern that has persisted since the beginning of the Internet. However, another authentication method is beginning to replace passwords —  alternative or passwordless authentication. 

Alternative authentication solutions, such as hardware tokens, knowledge-based authentication, biometric authentication, and unique password generators can offer a more secure option. It is predicted that by 2022 90% of midsize businesses will adopt passwordless authentication for more than 50% of their use cases.

Companies need to begin investing more to improve in-house cybersecurity expertise. (Photo: 10BestOnline)

Cyber Insurance

The total losses associated with cyberattacks and extortion were estimated at around $11 million in 2019. Due to this, it’s not surprising that organizations are looking for damage reduction measures and buying insurance. 

Despite the need for coverage, insurance providers have struggled to adapt to the changing cyber risk landscape. This includes the increasingly important role that IoT is playing and the emergence of more connected devices. This lag creates a lot of opportunity for new insurance models and coverage. 

Cloud-Based Security Expansion

As the world moves a large amount of technology infrastructure to the cloud, cloud-based security platforms and services continue to grow. Cloud-based security can offer several advantages over traditional approaches, including economies of scale, reduced costs, better protection performance, increased threat intelligence, faster compliance with industry, and government standards.

Advances in Encryption

As cyberattacks have become more sophisticated, numerous advances in data encryption have followed suit, however, a particular encryption strategy is no longer effective. To address this security gap, many advancements in encryption are emerging. These include distributed ledgers, zero-knowledge technologies, ring signing, and privacy technologies. When used in combination, these technologies can provide complete or partial data anonymity and identity and data verification can be automated.

In 2020, cybersecurity trends are turning into a necessity for business continuity, as organizations face attacks from a staggering number of directions.

Source: Dzone

About us: TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,500 engineers.

Visit us at https://www.tmasolutions.com/

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Review cybersecurity threats and solutions in 2020 (Part 1)

Part 1 of this article will present a brief overview of critical cybersecurity threats to watch out for during 2020. 

To keep your systems and data secure, you need first to understand what the most common threats are as they continue developing to exploit vulnerabilities in security protections. 

Insecure Mobile Devices

Adding company emails to your smartphone and connecting from public Wi-Fi networks can make sensitive data available to everyone. Besides, the use of instant messaging services and file-sharing can enable criminals to easily compromise smartphones, granting access to credentials and data. Therefore, protecting mobile devices has become one of the main concerns in cybersecurity. 

Lack of Device Controls and Shared Logins

When employees leave their desks or workstations, access needs to be restricted with passwords or other authentication measures. Systems should lock automatically after a certain period of activity if users don’t log out. This prevents others from using the device while the employee is away. 

The proliferation of technology provides not only many advantages, but also with distinct disadvantages. 

(Photo: Channel Futures)

Mismanagement of Passwords and Permissions

Permissions for access to certain documents or for downloading programs should not be given to everyone or used without restrictions. Companies need to establish access control mechanisms for employees and administrators. Security responsibility is shared between employers and employees.

State-Sponsored Attacks

Modern cybercrime goes beyond criminals seeking to make a profit through the theft or ransom of individual and corporate data. Many of these attacks target government infrastructure and systems, but private organizations are also vulnerable. Specifically, organizations in business sectors related to geopolitical disputes are especially at risk. 

Advances in Computing Threaten Cryptography

Since quantum can perform significantly more powerful computations than current machines, it creates a threat, allowing attackers to decipher cryptographic codes that would take traditional computers far longer to crack. 

To be continued

Source Dzone 

About us: TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,500 engineers.

Visit us at https://www.tmasolutions.com/

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Adopt AI to tackle IoT security risks

As industry 4.0 trends continue, people are in the middle of an Internet of Things gold rush, with IoT devices are seen everywhere now, from tech giants’ offices to our daily used cars, homes, etc. According to Gartner, the number of IoT devices is expected to grow to 41.6 billion by 2025, along with over 1 trillion USD spent on their development.

The potential is huge, however, there raises an issue of security. The cost of cyber-criminal activity, reported by Fox News, will reach 6 trillion USD by 2021, which poses a big threat to IoT devices.

IoT devices face security threats. Source: IoT Business News

In Internet of Things, every device is connected, hence forming a network with large data sets. Once IoT device is targeted then attacked by hackers, businesses or organizations face a huge loss of data, or data exfiltration, data breaches. This does harm to every businesses, as it can be extraordinary costly for business to regain control of their devices, as well as confidential information can be leaked with abnormal purpose.

In order to manage security risks towards IoT devices, it is suggested that we should use Blockchain or Artificial Intelligence (AI). Blockchain’s outstanding feature is decentralized system, which is suitable to help secure data within connected devices. Meanwhile, AI is believed to have huge potential in tackling IoT security challenges efficiently.  

In detail, AI acts as a brain to help devices make decisions. In this case, people can use AI to predict danger and abnormal act. For instance, when the neural network senses some suspicious action invaded in the devices, it can make that IoT device immediately shut down to avoid further damage.

Artificial Intelligence and Internet of Things are completely independent technologies. These are two important factors in Industry 4.0, and now they can be combined in order to bring more outstanding results. There even appeared a term called “AIoT”, which defines the connected and smart devices that are designed to be self-protected as well as self-corrected. The key difference between Internet of Things (IoT) and Artificial Intelligence of Things (AIoT) is IoT being proactive, while AIoT being reactive.

Source: Data Driven

In short, IoT security risk has always been a great concern for businesses, organizations. With an unstoppable growing volume of data nowadays, it can be extremely harmful for businesses if they lost their control of IoT systems to cyber-criminal. The problems remain unsolved, however, there appears a more comprehensive approach to improve the situation. AIoT is believed to not only solve the existing issue, but also hold great promise for the next development stage of Industry 4.0.

About us: 

TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,600 engineers. Our engineering team was selected from a large pool of Vietnam IT resources; they are well-trained and have successfully completed many large and complex projects. Please visit us: https://www.tmasolutions.com/

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Top 3 Things Everyone Should Know About Cybersecurity In An IoT And Mobile World.

The stakes are getting a lot higher in cybersecurity. It's no longer just about a loss of productivity and profitability. Your compromised network could become a public safety risk.

Cybersecurity fears continue to grow as the digital revolution embeds itself in new parts of society every day. Here are the three things you need to know about cybersecurity in world that is increasingly dominated by mobile technology and the Internet of Things.

1. Mobile is now the standard

For the past decade and a half, mobile devices were bolted onto a company's IT strategy because the devices themselves were what professionals used when they were traveling or between times when they were sitting at a computer. Today, there's a lot more you can do on mobile and so mobile usage continues to skyrocket. As a result, every company needs to treat mobile like a central component of its IT, data, and cybersecurity policies.

2. IoT complexity brings tremendous risk

In the same way mobile devices changed the game for IT security over the past two decades, the Internet of Things is changing it again. IoT is connecting a greater diversity of devices to the corporate network, and with that brings much greater complexity and risk. And the scale is incredible. There are now over 3 billion smartphones in use in the world. There are already 8 billion IoT devices and we're still at the very beginning of the growth curve. That number will climb past 25 billion by 2020.

3. Cybersecurity is now a public safety concern

When mobile security became an issue, the biggest concerns were data leakage and loss of productivity and profitability. As IoT connects more parts of the world to the internet, it creates a greater attack surface for rogue players. That means public infrastructure like stoplights, bridges, water facilities, and power plants can now be attacked. And, vulnerable endpoints on your organization's network could be compromised to launch the attack. In other words, the stakes of the game in cybersecurity are higher than they've ever been and they will only get bigger in the years immediately ahead.

Source: ZDNet

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