Cyber security is a prominent topic across every industry. In 2019 securing networks and protecting data from cyber threats has become more important than ever, as cyber incidents continue to rise.
In the first quarter of 2019 alone, CERT NZ received 992 cyber incident reports. This indicates that everyday New Zealand organisations continue to be affected by cyber security issues.
To help you navigate the ever-changing cyber threat landscape, we have identified the top five cyber security trends for you and your team to be conscious of.
The top 5 cyber security trends for 2019
1) Protecting Customer Data
The Facebook/Cambridge Analytica case has changed the conversation about the privacy of customer data and security. You can learn more about this scandal in a recent Netflix documentary, ‘The Great Hack’.
No longer is it acceptable for organisations to compromise the data of their clients. Those that are exposed for this are liable to intense scrutiny, brand damage, loss of earnings and regulatory consequences.
2) The Integration of Physical and Cyber Security
The line between cyber and physical security is beginning to blur due to the rapid growth of The Internet-of-Things (IoT). Smart organisations are merging the two categories into a single division referred to as ‘Major Incident Management’.
This will become a notable issue as time progresses, especially as industrial sectors take their first steps into this largely unknown world, followed by healthcare. Although this will lead to increased efficiencies, it will also uncover many security risks to consider.
3) Shortage of Expertise
There is a recognised skills shortage in cyber security, encouraging cyber criminals to attempt even more brazen attacks.
Many organisations have responded by trying to bring cyber security in-house, but most lack the necessary expertise needed to develop a proper, tailored cyber security strategy and capability.
4) Artificial Intelligence (AI) and Machine Learning (ML)
AI and ML are expected to lead to significant changes in how organisations identify and solve problems. However, it is not a matter of if, but when, these capabilities are wielded by criminals, increasing the scope and breadth of cyber-attacks.
Cyber security experts predict AI and ML will become the key weapons driving the cyber arms-race in 2019 and years to come.
5) Cyber Security Insurance
The worst incidences of cyber-crime have grown to rival some the largest disasters to ever affect organisations. It is evident that cyber criminals no longer discriminate and are targeting organisations of all sizes, all over the world.
In response, a number of corporate cyber insurance products have come to market which you can learn more about in our recent blog.
IT Partners are here to help will all aspects of your cyber security needs and concerns. To learn more about how we can support the creation and implementation of an effective cyber security strategy get in touch via email or phone 07 957 2650.