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Wednesday, November 25, 2020

Cybersecurity, Modern Technology and Business Threats

The year 2020 is over come with the COVID-19. But the virus isn’t the only threat to our security. 2020 can be set to revolutionize the entire world with advancements that will shape the future of lives and companies, alike. We now have 5G and IoT to Artificial Intelligence, Cloud technology, and Machine Learning. These technologies will become a fundamental piece of our daily lives in creating efficiency, saving time, reducing costs, and unlocking new opportunities.

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Though this optimistic language is something you hear quite often (and it’s maybe not untrue to a large degree), the more the world transforms towards an electronic digital future, the bigger the rise in threats of Cyberattacks.

Modern technology is placed to increase the quantity of data we create on the web, and protecting this data will be among the defining arcs of this decade. From system security to network security, businesses will face challenges in optimizing their cybersecurity to stop malicious attacks from being successful.

It is hard to prevent malicious attacks because these technologies are new, vulnerabilities are less known, scalability harder as a result of lack of familiarity, thereby making all of these ambiguities an excellent target for bad actors to exploit.

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So let’s take a look at many of these technologies, modern regulations set up, and what businesses can perform to combat this threat with regards to their cybersecurity.

The Advent of 5G and It’s Cybersecurity Vulnerabilities

As 5G trials and roll-outs happen, we are entering a new era of communication and innovative consumer services. As the adoption of 5G will need companies and people to switch to all-software networks, the cycle of constant updates might lead to security vulnerabilities.

These frequent updates are similar to the updates of smartphone computer software, but those about 5G networks can result in security risks. Risks are something that early adopters must deal with because the number of 5G connected devices that send and receive information increases and remote access becomes much more predominant, cybersecurity experts will have an enormous challenge facing them.

With increased users and use, expanding the bandwidth for 5G will present opportunities for experts looking to exploit these vulnerabilities. As enterprises and cities become 5G powered, the attack surface will become much bigger, putting the duty on governments and private enterprises to pump up and revolutionize their security tools and ways of safeguard their devices, networks, and applications against malicious attackers.

One problem that early adopters may possibly face as a result of lack of security infrastructure will be the authorization and identification of a 5G network. Access to the machine can allow an important threat to data and security, and perhaps these early users might adopt a stringent no-trust policy with regards to 5G network access.

Don’t Think Phishing Is Over

Though technology is evolving rapidly in the digital landscape, cybersecurity experts must deal with phishing attacks. These attacks in many cases are targeted to penetrate a network or infect the users of the network it self.

Though phishing is just a generally well-known attack, hackers and malicious actors have become smarter (thanks to technological evolution), and their attacks are becoming more and more sophisticated. So like 2019, security measures against Phishing will also be required for 2020 aswell.

Exploits such as email phishing are hard to remove as a challenge since you can’t really disable emails altogether, and hackers know that. Phishing is also a simpler way to get inside a network as opposed to other modern hacks, such as exploiting a zero-day vulnerability.

Companies today have to always beware of these phishing emails since they only take one wrong click by some body with usage of admin credentials on a network to open a backdoor which allows malicious actors to get in, take control, and corrupt the company’s network.

The problem that many experts face is that there’s no one treatment for stop phishing attacks from succeeding. At the end of the day, these attacks can boil down seriously to a reckless click, human error, and lack of knowledge.

Blocking downloads without confirmation, assessing the email before opening any links directly, and using anti-malware and anti-spyware computer software to block or monitor potential malicious activities could help mitigate the harm however, not necessarily prevent it entirely.

A.I. and ML Based Cybersecurity Vulnerabilities Can’t be Ignored

As the Machine Learning and Artificial Intelligence market grow, their application in different business operations, systems, and infrastructure will be a challenge to over come. These technologies are incredibly resource-intensive and will require significant efforts to create them secure against potential attacks.

AI and ML-based devices and computer software have to be trained with the help of data, and experts will have to keep a keen eye on the type of data that’s being used. Data duping to corrupt the educational process of the Machine Learning algorithm could be injected to hamper working out process.

This can result in the algorithm working seemingly fine but producing wrong results, that could, in the case of analytical products and applications, cost businesses huge amount of money.

How experts monitor and analyze the data will play an essential part later on of A.I and ML because the data set being used can be quite a security vulnerability that will need to be dealt with.

In the existing climate, this can be a less severe issue because of.I and ML operating in specialized environments, but once companies begin to scale these processes, you will find bound to be vulnerabilities.

When processes such as for example threat analysis and data review become completely automated, malicious actors could exploit these processes to misguide businesses and manipulate results with no obviously apparent problems. Furthermore, the technology itself may be used to discover new vulnerabilities, breakthrough security measures, and tools, and penetrate systems through the same algorithm that is used to protect networks.

California Consumer Protection Act(CCPA) Is Now In Effect.

The California Consumer Privacy Act can be viewed California’s GDPR. It became active from January 1, 2020, pushing the world of business in a new direction, with more accountability measures being ensured to re-establish the lost trust between consumers and businesses. A company to client relationships in these cases was and ‘s still dependent on the sharing of personal information for better and more targeted services, something which lawmakers think has been misused.

The bill established new consumer rights relating to the access, deletion, and sharing of information that is personal that companies collect from their users. If your organization is collecting user information, under CCPA, your business must provide a reason as to why you’re collecting these details, what these records is, the method that you will use these details, and guide users through the process of deleting that information from your own database, when they choose to do this.

The concerns in terms of cybersecurity and data protection became news after the claim of Huawei’s 5g technology being a possible threat of the security that resulted in the government banning all US companies from coping with the Chinese tech giants.

In such a world, the burden on Tech businesses to ensure maximum data protection came into an important highlight, with increased and more folks pushing for stricter regulations and demanding accountability from service providers to ensure the data of the customers come in safe hands.

The CCPA enforces businesses to implement a procedure that allows them to obtain the consent of a parent or perhaps a guardian and the minor if they’re between the age of 13 and 16 to collect and share their data for the business’ purposes.

This includes the additional “Right to Say No to Sale of Personal Information” which is to be provided through a web link on the homepage of a business’ internet site that redirects users to a page where they can opt-out their consent protecting their data and personal information from being sold by the business legally.

Businesses and Companies must update their respective privacy policies with the newly required information, including however, not limited to the description of California residents’ rights

While these are the more straightforward laws which can be placed within the CCPA to ensure privacy protection and data protection, another gauge the CCPA takes is to ask businesses to prevent sending opt-in requests to residents that have opted from the option for a period of 12 months.

The used terminology, which is “avoid” while does leave a gray area for companies to use, it will take into account that business activities mainly revolve around data gathering, in the lack of which businesses cannot promote specific deals or show ads, that a 12 month mandatory waiting period could be detrimental to the functioning of the business.

The power of GDPR can be seen through the European Union’s 1.5 Billion Euro fine for anti-trust AdSense advertising. This fine, which was levied in 2019, brought the entire EU anti-trust bill to 8.2 Billion Euros. GDPR expects companies to utilize data responsibly and its breach weighs significant financial damage to companies, creating a force that helps to ensure that companies adopt the best data protection, regulation, and use policies.

CCPA is just a similar force, being essentially from the beginning of the year. It expects companies in California to adopt the very best security techniques and conform to the regulations set to guard consumers.

For companies based in California, transitioning to CCPA compliance is crucial, and it must be done as quickly as possible, to limit the potential fines that could be coming their way. For businesses that aren’t California-based, about to make this change and implementing it is also important. It’s likely that other states such as for example New York will most likely adopt their own version of the CCPA, even though it is not adopted by the Federal government.

Hiring security specialists, focusing on compliance, and devoting resources to ensure there is a successful transition to a post-CCPA world is something that companies in 2020 should be considering.

Microsoft and Linux – The future is Cloud

The future of Windows is apparently shifting towards a cloud-based platform. Cloud PCs will continue to work similarly to how other cloud-based platforms and services work. Most likely, users must pay a subscription to get access to a pre-set app bundle to perform on the PC.

What makes Microsoft more interesting is their adoption of Linux and transitioning towards a Linux-based operating-system.

Sounds confusing, right? Well, you’ll need to grasp your hands on it if you should be planning to carry on using any resources from Microsoft fleetingly.

The future of Windows may possibly stay exactly the same on the front-end, with cloud-based PCs providing an identical UI to the Windows OS we’ve grown up used to, but on the back-end, Microsoft may possibly deploy a full-Linux setup.

A fulltime Linux setup is going on because most VMs are actually running on Linux iterations. Even Microsoft Azure has around 40% of its machines running on Linux at the moment.

There certainly are a few substantial benefits of using on the Back-end, specifically for businesses. Here are the benefits:

  1. Migration from an older PC to a brand new one, its updates, and patches will end up easier than before. The service will upgrade the hardware, look after the updates and release them directly, and cope with migration
  2. For businesses, Linux is a definitely better platform for security. Linux is a safer platform for storing painful and sensitive data with only the admins getting the root access, helping keeping system vulnerabilities in check.
  3. The service is more prone to adopt a far more robust security system than you would all on your own hardware, meaning you will get access to enterprise-grade security, helping you combat the rising threat of cyber-attacks.

For companies, it is vital to start buying robust security infrastructure, and at Tekrevol, we’re trying our hand with some as well.

From a security viewpoint, Linux is paramount to OS next decade. If you too have an array of OS applicability critical to your internal systems, you should know how Linux can make your security more concrete.

How Will Cybersecurity Trends Impact Business strategy?

According to at least one study by Accenture, 68% of business leaders believe there is an elevated risk of a cyber-attack on the business. The year 2020 will be one where tackling these threats will become a primary focus of business leaders and entrepreneurs.

Combating this dilemma will require these leaders to obtain more knowledge, skills, and tools to boost their organization’s security protocols. Protocols includes network protection and data protection against possible breaches.

We can expect an elevated demand for network security specialists, ML design security specialists, and system security experts. In general, the demand for security specialists across technologies will also increase.

Businesses will have to incorporate new risk assessment models for technologies such as IoT, 5G, and AI-based products and services.

According to Gartner’s press release, cybersecurity risk is among the top concerns that chief audit executives have in terms of their companies.

In 2020, companies will come to a tipping point where they will either develop strategies and technologies that help combat the danger of cyber vulnerability, or the lack of evolution will hurt their performance in the market.

Similarly, it’s possible to foresee big corporations acquiring digital security startups for record-high acquisitions to keep up with this specific rising threat.

How businesses achieve compliance with government regulations and establish strict security protocols in terms of modern tech will define their success in the season 2020. So, if you’re a business owner looking to scale, transferring your focus towards establishing a robust security infrastructure must be a central part of your company strategy.

Wrapping Things Up:

The future is digital, there is no denying it but quite simply focusing on the possible benefits isn’t likely to cut it. For companies, it is crucial to appreciate their responsibility towards consumers and simply take the necessary steps to make sure data protection and other cybersecurity avenues.

It is also vital for them to focus strongly on the security of their own platforms, services, and products and services to make sure that the adoption of modern technology drives positive results. The technologies we’ve talked about have great potential, but the journey in to the world of technology requires avid preparation to ensure security and safety.

Businesses today have to invest more into optimizing their security, create new strategies, implement new infrastructure, and leverage modern tools to ensure they are prior to the and prepared to fight any cyber-threats which could come their way.

Abeer Raza

Founding Partner

A Serial Entrepreneur, Author, Growth Hacker, Business Consultant and Keynote Speaker.
I’m on a mission to revolutionize the world by helping other entrepreneurs disrupt their domains using emerging technology solutions. I enjoy guiding today’s leaders and revolutionary thinkers by making sure their visions are brought to life in the best way possible.

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