Cybersecurity threats in 2020 will target a plethora of emerging technologies. 2020 has brought with it immense change across the cybersecurity risk landscape. Some businesses are approaching this issue by asking suppliers for reports on how they have changed their cybersecurity risk management strategy to accommodate these changes. AI, for example will likely be huge in 2020. Understanding Bash: A guide for Linux administrators, Checklist: Managing and troubleshooting iOS devices, Why corporate boards are unprepared to handle cybersecurity risks, Comment and share: 3 biggest threats cybersecurity professionals are facing in 2020. The three threats that respondents cited as their biggest for 2020 are: All three of these problems are serious, but it's debatable whether any of them can be solved by adding SEIM, network traffic analysis, or EDR/EPP on top of traditional security products. 7 April 2020. Copyright © 2020 CyberSaint Security. © 2020 ZDNET, A RED VENTURES COMPANY. 75% of the Fortune 500 will treat vendor risk management as a Board-level issue by 2020. The perfect storm of strained resources in organizations’ Security Operations Centers (SOCs) as corporations virtualize their workforce, to increased complexity within supply chains have cybersecurity risks emerging from every angle. Top cyber security risks for 2020 ; Top cyber security risks for 2020 . These security products are designed to act as an additional layer of protection that go beyond firewalls and antivirus software. For example, some sophisticated cybercriminals will plant malware inside a piece of critical infrastructure, only to have it manifest months down the road. These new, next-generation security products are designed to fight the latest security threats, but the addition of more security products doesn't necessarily make security professionals feel at ease. The 5 Biggest Cybersecurity Trends In 2020 Everyone Should Know About. Focusing your efforts will help you inform your cybersecurity risk management strategy for 2020 and beyond. The interconnected risks that have been fueled by the events in 2020 are requiring greater oversight from information security and cybersecurity teams, security and risk leaders, and executive management from the C-Suite to the Board of Directors. The following are the top ten cybersecurity companies to watch in 2020: Absolute – Absolute serves as the industry benchmark for endpoint resilience, visibility and control. Technologies like Artificial Intelligence, Machine Learning, and 5G will likely vastly affect and impact the cybersecurity landscape next year. Especially in sectors such as hospitals and healthcare, prioritizing awareness and training is essential (if you're in the healthcare sector, check out our PDF of the most common attacks during times of crisis and security controls to prioritize during the COVID-19 pandemic PDF). Most respondents (60%) plan to add some form of breach prevention measures in 2020, but 72% of those not planning to add more software cites a similar refrain: They can barely manage the products they already have in place. This effort takes many forms, but the two that show great promise during times such as these are awareness and training as well as prioritizing the mental health of employees. Pinterest. Fragmented security software is a concern that needs to be addressed, but it's questionable whether or not centralized systems could solve what professionals see as the biggest threats of 2020. Fragmented security software is a concern that needs to be addressed, but it's questionable whether or not centralized systems could solve what professionals see as the biggest threats of 2020. Top Cyber Security Risks in Healthcare [Updated 2020] May 1, 2020 by Susan Morrow. The platform’s ability to simplify even the largest enterprise continuous assessment projects has organizations achieving audit, risk, third-party, and regulatory compliance objectives with remarkable results. Supply chain attacks were up 78% in 2019 according to Symantec, and that exponential increase isn’t slowing down anytime soon in 2020. The effects of COVID-19 pandemic are still ongoing, and the opportunities for new cybersecurity risk areas to emerge is more real than ever. ... Stay on top of every property with our energy analytics platform. The shortage of technical security staff, the rapid migration to cloud computing, regulatory compliance requirements and the unrelenting evolution of threats continue to be the most significant ongoing major security challenges. There was a giant uptick in cyber threats in the digital landscape as the COVID-19 pandemic surged on. 2019 has seen cybersecurity issues firmly take their place in the news, both for the technology industry and the general public. We put our faith in technology to solve many of the problems … Building a healthy and balanced culture during times of uncertainty could help avoid the opportunities for cybercriminals to exploit employee mishaps - an employee’s mindset could be the difference between engaging with phishing attacks touting “Coronavirus News” or spotting that attack right away. 29 Must-know Cybersecurity Statistics for 2020. ALL RIGHTS RESERVED. Deep fakes, stalkerware and surveillance attacks are among the new threats confronting cybersecurity experts as 2020 begins. Janelle Penny. Twitter. A lot has happened between the rampant risk in cyber attacks across the digital landscape to the COVID-19 pandemic ... 2020 came with a lot of unforeseen circumstances. Those numbers don't bode well for the cybersecurity world. Home Knowledge Base Top 10 Cyber Security Facts for 2020. The tactics may sound familiar, but the landscape is changing rapidly beneath our fingertips. Brandon writes about apps and software for TechRepublic. Adobe Stock. If Board members fall ill or are unable to fulfill their duties, there must be a plan. 83% of the top U.S. retailers have connections to a vulnerable third-party asset, and 43% have vulnerabilities that pose an immediate cybersecurity risk, Cyberpion reveals. The National Institute of Standards and Technology (NIST) is the U.S. Commerce Department’s non-regulatory agency responsible for developing the NIST Cybersecurity Framework. If possible, vendor risk management teams are encouraged to track supplier cyber risk posture with not just risk assessments, but also security controls, policies, and procedures managed in a single system of reference such as an integrated risk management solution. Knowledge Base. Integrated Risk Management, Cybersecurity Program Management, Cybersecurity for Boards and CEOs. The other area to focus on - mental health - may not be talked about as much, but in unprecedented times like those we’ve experienced in 2020, it’s more important than ever to support employee’s need to rest, reflect, and spend time offline. Attacks that target web browsers need not infiltrate a network, weaponized email attachments can affect an individual machine and cause great damage without alerting traffic analysis, and ransomware can come from various sources and lock down a system without raising flags until it's too late. This year’s top 10 security projects, based on Gartner forecasts and adjusted for the impact of COVID-19 — feature eight new projects, focused heavily on risk management and understanding process breakdowns. The complexity created by increased digitalization, business growth, and third-party partnerships increases the need to protect sensitive information, including financial, personal, and strategic information such as intellectual property. In addition, linking the reality of cybersecurity risks to impacts on the bottom-line - and measuring Return on Security Investment (ROSI) if possible - is critical while trying to maintain growth and financial stability during economic uncertainty and still managing cybersecurity risk. The CyberStrong platform is a flexible, agile system through which security teams and organizational leadership align to build cybersecurity resilience and boost productivity. TechRepublic Premium: The best IT policies, templates, and tools, for today and tomorrow. Cybersecurity Statistics for 2020 – Trends, Insights, & More! How is a good cybersecurity team to tackle the threats of 2020? Alex Mason January 20, 2020 March 13, 2020 No Comments on Cybersecurity Statistics for 2020 – Trends, Insights, & More! Ransomware (71%) 3. About CyberSaint’s Integrated Risk Management Approach. Top Cyber Security Risk Trends predictions for 2020 including ransomware formjacking phishing malware iot breach threats infosec cybersecurity network top cybersecurity risks and threats in 2020 that will target several technologies like artificial intelligence, machine learning, 5G Malware encompasses a wide range of cybersecurity threats including backdoors, downloaders, worms, viruses, or trojans. Executive meetings must be organized in virtual or hybrid ways while still maintaining their ability to work as a team and react quickly and precisely in times of crisis, especially if a cybersecurity event occurs, but even simply continuing to sign off on day-to-day initiatives without additional delay. One clear area of cyber security risk in 2020 will come from the inability of corporate governance functions to have the same level of efficacy that they had when meeting in-person. The report, which predicts security trends for 2020 based on responses from cybersecurity professionals, finds that that most are planning to roll out advanced protection products in 2020. Weaponized email attachments and links (74%) 2. Creating clear incident response plans and maintaining cybersecurity governance through an integrated risk management approach is recommended for leadership regardless of the business scale. Hav e you noticed that December and January seem filled with cyber security “ predictions ” of things that may happen in the coming year? Top Five Cybersecurity Trends for 2020. CyberSaint’s CyberStrong platform empowers teams, agencies, and government leaders to measure, report, and mitigate risk with agility and alignment, even in the most uncertain times. This has a serious consequence – businesses who’ve been hacked will fail any test to see if they’re ‘cyber ready’, which means they could lose … ... it will continue to be a big cybersecurity threat in 2020. Before doing your first assessment, however, it’s essential to keep up-to-date with where adversaries are targeting and to understand the risk that comes with changes in the current landscape. Implementing a virtual awareness and training program, or holding weekly security training detailing the most common cyber attacks and how to spot them in the day-to-day may be what organizations need to stay alert and aware as change continues to occur. Strengthen your organization's IT security defenses by keeping abreast of the latest cybersecurity news, solutions, and best practices. Privacy Policy. CyberStrong’s near-immediate implementation time, ability to put cybersecurity posture in the context of organizational objectives, and breakthrough Machine Learning automation have CyberSaint highlighted as “an example of a technology provider that demonstrates a vision for addressing emerging risks associated with cybersecurity”. Cybersecurity Threats and Trends for 2020 Phishing Gets More Sophisticated — Phishing attacks , in which carefully targeted digital messages are transmitted to fool people into clicking on a link that can then install malware or expose sensitive data, are becoming more sophisticated. Information security maturity has never been more important. Top 10 Cyber Security Facts for 2020. If Board members fall ill or are unable to fulfill their duties, there must be a plan. However, as the technology becomes more widely implemented and accessible, more and more security … In times of crisis and uncertainty, cybersecurity teams must stay alert and proactively work to make sure that employees across their organization are not caught with their guard down. COVID-19 spurred travel restrictions that limited the number of assessment organizations and service providers that could perform onsite assessments, creating a gap in the supply chain security program’s activities. SEE: Cybersecurity: Let's get tactical (ZDNet/TechRepublic special feature) | Download the free PDF version (TechRepublic). Positive morale and the mental agility and alertness that comes from a healthy psyche is in large part the responsibility of managers and the employer. That leaves cybersecurity professionals in a tricky position in 2020: Fragmented security software is going to leave networks vulnerable, and adding additional tools that don't communicate with existing ones will only make it harder for IT to keep up with already burdensome cybersecurity workloads--but the biggest perceived threats can bypass those tools with ease. In the wake of the COVID-19 pandemic, the catalyzation of digital transformation and the ripple effects on businesses ... 2020 brought a lot of unforeseen circumstances with it. This report makes it clear that cybersecurity professionals value advanced protection and that they don't think existing tools are enough to make networks safe. Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs) need to have visibility into their cybersecurity posture now that the cybersecurity risk landscape has drastically changed. Share: ... equipment and other IoT devices also means there are many new risks and endpoints to manage and secure. "Lack of consolidation is the dominant practice, [but] most organizations view it as a core problem that must be solved.". Here are top 10 cybersecurity trends to watch out in 2020: Increased Automation in Cyber Security, Spending on Cyber Security will Increase, More use of AI for Cyber Attacks, Use of AI for Defending Attacks, Growth of 5G, Cloud can be a Threat, Capturing Data … Facebook. He's an award-winning feature writer who previously worked as an IT professional and served as an MP in the US Army. Organizations without dedicated vendor or third-party risk teams oftentimes have difficulty assessing the posture of their supply chain. In 2019, many smaller organisations were victims of cyber losses, and the trend is set to continue into 2020. Adding new security products isn't going to improve protection if they're operating in separate ecosystems that don't communicate--at least that's what the report concludes. Advanced protection is defined in the report as SEIM software, network traffic analytics, and EDR/EPP products. Regardless of whether they were planning to add additional security products, 78% of respondents said that the "management, maintenance, and operational overhead" of their current security products was a major obstacle toward their achieving a level of security they would be happy with. All Rights Reserved. It’s also worth noting that while many of these cyber attacks are designed to manifest quickly and cause disruption quickly, some of the most sophisticated state actors will be taking advantage of organizations that are preoccupied with maintaining day-to-day operations and shifting to remote work by taking a longer-term approach to creating disruption. Supply chain cyber security is a constant area of focus for many enterprise organizations. The damage related to cybercrime is projected to hit $6 trillion annually by 2021, according to Cybersecurity Ventures.To give you a better view of the current state of overall security, we’ve collected 29 vital statistics about data breaches, hacking, industry-specific statistics, as well as spending and costs. Happy New Year! Ultimately, cybercriminals are looking to exploit areas of weakness - whether it’s forgetting to turn on 2FA or clicking on a link in a seemingly innocent email.