Welcome to Cypher Swift
February 12, 2024
Game-changing technologies for business security
Deepesh Deomurari
Tech Manager
Despite an increase in cutting-edge digital solutions and devices, cyberattacks show no sign of abating. There has been a massive cyberattack incident in almost every month of 2024 so far. However, security providers and professionals are doing their best to overcome novel challenges.
In recent years, many new technologies in cybersecurity have come up. These sophisticated technologies and approaches, from artificial intelligence (AI) to third-party risk management, offer advanced ways to secure sensitive data. In this post, we'll analyze the top developments in cybersecurity to help you improve your current threat detection ecosystem.
1. AI in Cybersecurity
From 2024 onwards, AI has begun to play an increasingly important role in cybersecurity. AI technologies boost the security of digital systems and solutions by anticipating vulnerabilities and automating threat detection, monitoring, and incident response. AI systems can process and continuously learn from new data and past incidents. It maximizes their ability to detect and respond to different cybersecurity incidents over time. Here are the major ways in which AI technologies are used to bolster cybersecurity:
1. Data breach prediction
2. Vulnerability management
3. User access management
4. Threat-hunting systems
5. Threat prediction systems
6. ML applications for detecting and protecting against HTTP/S, SQL, and XSS attacks
2. Blockchain
The rising volume of digital data has caused an increase in the number of cyber crimes. Protecting data confidentiality and integrity is thus crucial. Blockchain technology has features like decentralization and immutability, which protect against digital data breaches. It uses cryptographic hashes to verify data. Also, as it runs on a permissionless network framework, data transparency is ensured.
In Blockchain, every data block is cryptographically linked to its predecessor. This forms an immutable and unbreakable chain in which alterations are impossible without network consensus. Thus, it facilitates complete data integrity.
Digital security can be easily automated through Blockchain with smart contracts. They automate and enforce security protocols and create an environment where online transactions can be executed reliably.
3. Cloud Encryption
Encryption means changing a piece of text into something unreadable. It is one of the most effective cybersecurity strategies organizations can use. Cloud services need it the most because they store data remotely.
Cloud encryption technology utilizes symmetric and asymmetric encryption to protect data as it moves to and from cloud-based apps and when it is stored on the cloud network. Only authorized users with an encryption key given by cybersecurity professionals can unlock the code and read data. As a result, there is no chance of data breaches.
4. Cybersecurity Technologies for Remote Working
With an increase in remote employees, it has become necessary for businesses to use dedicated security protocols. Some major risks of remote working include phishing attacks, data interception through weak Wi-Fis, social engineering, ransomware attacks, and compromised endpoints like laptops and mobile devices.
The recent developments in cybersecurity for remote work include:
1. Virtual Private Network or VPNS, to encrypt the link between the organization's network and the employee's device.
2. Endpoint Protection Platforms or EPP, to protect endpoints from security threats. Some examples are BiteDefender and CrowdStrike's Falcon.
3. Intrusion detection systems (IDS) and intrusion prevention systems (IPS), to detect intrusions and prevent them from succeeding.
4. Cloud Access Security Broker, to gain visibility over your cloud usage.
5. AI and ML applications to detect unusual patterns and potential security threats.
5. Third-Party Cybersecurity Risk Management
According to Gartner's Cybersecurity 2024 report, more CEOs are optimizing their budgets to manage cybersecurity risks accruing from third parties like vendors and suppliers. It has become essential to invest in solutions that aid in mitigating cybersecurity risks caused by third parties. Threat exposure management systems are the key to ensuring that you are protected from such risks.
Threat exposure management systems consistently monitor and analyze the digital assets of an enterprise. In doing so, it identifies vulnerabilities and remediation efforts. Your teams can closely monitor external threats from third parties and stay protected. Different third-party cybersecurity risk management solutions work differently. But all have the aim of monitoring the security posture of your vendors so you can remediate security threats in your vendor relationships.
6. Zero Trust Architecture (ZTA) Approach
In today's digital world, trusting anything without verifying its integrity can lead to trouble. This is the basis for the Zero Trust Architecture approach, one of the latest developments in cybersecurity. ZTA ensures the security of an organization by eliminating trust from all that is within its network, such as users, application, and infrastructure.
According to this approach, strong user authentication controls and continuous monitoring of applications and IT infrastructure is essential for mitigating risks. The key technologies used when implementing this approach are:
1. Zero Trust Network Access (ZTNA)
2. Multifactor authentication (MFA)
3. Identity and access management (IAM)
Summing up
A strong security posture is essential for business continuity and growth. Today, it is even more crucial with an increase in digital data, services, and remote and hybrid working environments. The latest developments and technologies in cybersecurity explained above will help your organization and its data stay protected, no matter how sophisticated cyberattacks get. If you want to embed security across your ecosystem, consult our experts. We'll fortify your systems so you remain shielded against threats. Book a call today.
