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What is the Future of Cybersecurity? (2022)

With the rise of new technologies, cybersecurity has become a top concern for all companies. The future of cybersecurity is dependent on how many people are going to be using the internet and how much data they are going to be sharing.

The more connected we become, the greater our need for cybersecurity becomes.

The companies that invest in human resources will have a better chance of succeeding. It is easier to protect your online data when you have a large team of people who know how to safeguard it.

There are two ways to approach this problem:

People are the key to a company’s success and their data is an important commodity.

In order to protect this treasure, companies need more people who can help them secure it.

Cybersecurity presents an opportunity for every person in your company to learn how they can be better prepared for cyberattacks by educating themselves on what you need and what you could be doing better.

The impact of cybersecurity on the future is immeasurable. It is a problem that has been escalating in severity and size since it began, and there will be no escaping it until it is stopped.

The amount of data that is being collected by the government has risen dramatically in the past several decades.

The problem with this is that there is a large amount of information on private citizens, and no regulation exists on how to handle this information. Currently, American companies are not held responsible for the use of their technology makes of personal data.

This creates a problematic situation where companies may use your data without proper consent. In order to create a sustainable future, people need to be educated on the impact of terrorism and cyberattacks.

Ever wonder what the future of cybersecurity by 2030 will look like? While 8 years might seem a long way into the future, the speed at which the industry is developing is sure to make the next decade fly by.

Forecasting the future of cybersecurity isn’t about looking into the crystal ball simply for fun.

By envisioning how cybersecurity will change in the next few years, big companies and security professionals can prepare for potential challenges, so they don’t look back and hope they had acted in 2022.

No one can tell accurately what the next main cyber threat will be or where it will come from, but professionals still have an excellent idea of the general direction that we’re heading in.

Though tomorrow is never assured, paying attention to the cybersecurity predictions listed below will assist you in future-proof your business & other online activities.

Cybersecurity Future Predictions

Artificial Intelligence (AI) will be a major component of all cybersecurity 

Over the last few years, Artificial Intelligence has, as expertise, come to fruition in various industries.

Nowadays, AI and machine learning algorithms can be used to computerize tasks, crunch data, and make decisions far quicker than an individual ever could.

But, new technologies, including AI, intrinsically create cybersecurity risks as possible exploits are badly understood at the time of release.

This means that, with more businesses relying on machine learning for mission-critical processes, AI systems certainly become the main target for hackers.

In response, future cybersecurity software & employees will be forced to develop a system to detect & counteract AI corruption attacks.

On-demand access to universal data & information platforms

Mobile platforms, remote work, & other shifts gradually hinge on high-speed access to universal and huge data sets, exacerbating the possibility of a breach. The market for web-hosting services is projected to make $183.18 billion by 2026.

 Organizations gather far more data about clients—the whole thing from financial transactions to electricity consumption to social media views—to recognize and influence buying behavior and more efficiently forecast demand.

In 2020, on average, each person on Earth created 1.7 megabytes of data every second.

With the greater significance of the cloud, enterprises are more and more responsible for storing, handling, and protecting these data & for meeting the challenges of unstable data volumes. 

Third-party risks and threats 

As companies keep on ramping up their efforts and accepting digital technologies, many turn to third parties, outsourcing some IT & security support requirements.

As we’ve discussed before, reliance on third parties increases cyber security risks, mainly for companies that do not have a policy in place for handling these risks.  

 Raids on Cloud Services

In the past few years, several businesses have adopted cloud-based computing services that allow users to get software applications, data storage, & other services through an internet connection rather than depending on physical infrastructure.

Embracing this expertise comes with lots of benefits such as reduced operational costs and better efficiency. 

Although choosing such systems can be extremely beneficial to organizations, they have also become the target of cyber threats.

If these systems are not correctly configured or retained, attackers are more possibly to be able to exploit vulnerabilities in the systems’ security and get access to responsive information.

This is particularly significant, seeing that many of today’s organizations depend on cloud services as workers work remotely.

Higher Risk of Malware Attacks

The future of cybersecurity also holds lots of malware attacks – but not the type we have seen in recent years! It is no secret that attackers are using ransomware to attack organizations, businesses, and individuals all over the globe.

But, most of these attacks exploit recognized vulnerabilities or “traditional” methods, which means they can be effortlessly prevented – for instance, by updating security software frequently, running red team safety testing, & using anti-virus programs.

The future of cybersecurity holds sophisticated malware attacks that will be very tough to stop.

Hackers will be competent to use artificial intelligence systems to make new methods of attacking computer networks & bypassing security systems.

They will carry on using social engineering techniques to trick users into providing them with entrée to their computers and networks or target IoT devices.

As technology grows, we will see even more inventive ways to conduct cyber attacks, which means cybersecurity specialists should develop new ways to defend against them.

It is not possible to predict how far this might go – but it is clear that this fight between hackers & security specialists will go on for many years to come.

Attacks on the Healthcare Sector

Failing to battle cyber threats in the healthcare division exposes several individuals & organizations to all sorts of liability & security issues. This led to health organizations and hospitals investing further in cybersecurity.

In 2019, the worth of the healthcare cybersecurity marketplace was 9.78 billion & this is estimated to rise to $33.65 billion by 2027.

Taking into account the pandemic of COVID-19 in the healthcare division, experts expect that the market might reach $125 billion by 2025.

Use of internet-of-things (IoT)

In the coming five years, the use of IoT technology will boost as more people utilize it in their everyday lives. According to a report from IoT Analytics, there were 10 billion linked devices in the year 2019 & we could see it three times to 30.9 billion by the year 2025.  

Although connecting to networks & other devices that access very sensitive information, IoT devices carry on having fairly weak safety controls.

Several businesses already struggle to give the additional safety measures that will keep these devices protected.  

Future Growth in Cybersecurity

In the future, cybersecurity will be a top priority for every company, and the cybersecurity industry is expected to grow by 44% in the next five years.  

As the industry grows, it will require more professionals and companies to hire cybersecurity professionals.

The U.S. Bureau of Labor Statistics predicts a 14% increase in employment for electrical engineers, a 12% jump for computer and information systems managers, and an average 4% increase for computer programmers between 2016–2026. 

The demand for cybersecurity professionals is expected to grow as companies grow in size and scale, with the Bureau of Labor Statistics estimating an increase of about 5% for employment in small-sized businesses over this period.

Although the demand for cybersecurity professionals will continue to rise, there are still many open positions.

In fact, a report released by Cybersecurity Ventures predicts that the most in-demand cybersecurity skills will be database administrators, who have the potential to earn $78,000 a year.

The demand for cybersecurity professionals has grown due to the increased number of cyberattacks and the widespread adoption of technology.

The cost and complexity associated with these attacks make it difficult for companies to protect themselves without hiring experts.

Furthermore, as corporate systems become increasingly interconnected, cyberattacks become increasingly difficult to prevent.

The demand for cybersecurity professionals is predicted to be 20% over the next decade. As a result, cybersecurity may remain one of the fastest-growing careers for years to come. 

According to the Bureau of Labor Statistics, there are expected to be 1.5 million cybersecurity jobs in the United States by 2024, but not all these jobs will be available at large corporations.

The average salary of a cybersecurity engineer is $94,000. The median annual salary for cybersecurity engineers is $83,000.

According to Payscale.com, the lowest 10% of earners in this field make anywhere from $32,000 to $69,000 per year while the highest 10% earn upwards of over $130,000 each year.

Cybersecurity in the United States

The United States has been experiencing an increase in cybersecurity breaches. The US is also the world’s most targeted country for cyberattacks due to its high profile and large population.

The K12 Cybersecurity Act of 2021 would require schools to have adequate cybersecurity protections for students, teachers and staff.

According to the Cybersecurity Act of 2021, school districts should be required to:

-Have a security plan containing multi-layered measures such as physical, technical, and personnel safeguards

-Implement intrusion detection systems

-Hire certified security professionals as well as employees with cybersecurity experience

-Be able to defend against ransomware, viruses and phishing attempts

-Report security breaches to law enforcement on a timely basis

-Conduct regular vulnerability scans

-Have a security policy and procedures manual to place

-Ensure that staff are trained to know how to use, read and update the manual

-Have a data breach management plan in place

Conclusion

Due to the stable progress in the field of expertise, the future of cybersecurity looks promising.

We will see more improvements that will make it simpler & safer to run a business online. But, it also implies an increased difficulty of malware & cyber attacks.

Though there is no way to recognize precisely what the future of cybersecurity holds, it will possibly be full of innovation and development.

As technology advances, so does the need for improved cybersecurity solutions – and we will possibly see lots of new ones in the next few years.

So, businesses must upgrade their safety systems to be competent to protect themselves against even the most sophisticated cyber attacks.

We will also see ample new tools that will let businesses evaluate the risks better and defend their networks & data.

Cybersecurity specialists should continue working on superior tools & technologies to make sure companies have the resources they need to withstand the most complex cyber-attacks.

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