With 2020 gearing up, the corporate world is bracing itself for sophisticated and advanced data security breaches that may come their way. According to the report issued by global market insights, the worldwide cybersecurity market size is likely to surpass $300 billion by 2024.
As data hacking
attacks are becoming increasingly innovative, stronger and smarter security
measures are needed to be put in place to ensure companies can sustain their
business and block the attacks. Here we
look into the leading
data security predictions based on the report. These include:
Phishing attacks to become more common
One of the
principal transmission methods for malware in 2019 were phishing attacks.
According to the DBIR report by Verizon in 2019, phishing attacks caused over
32% of data breaches and 78% of cyber spying events in 2019 alone. The report
further states that phishing attacks are likely to grow more sophisticated and become
even more trickier to detect them in the coming months.
are expected to have grave impacts, and companies could face severe
consequences if they are not stopped in time. The effects of phishing attacks
such as data breaches, financial frauds and information leakage could intensely
drain a company’s resources and damage their brand image. The report warns there could be a gush in the
volume of phishing kits on the dark web. Their ready availability with lists of
compromised credentials could make targeted attacks more refined and impactful.
Every organization must look into
getting their hands on technologies that can thwart and block phishing
attempts, particularly when sent through email systems.
Identifying attacks before they happen
challenge for security professionals and enterprises in 2020 will be to recognize
data attacks in time. Currently, data security solutions need a number of hours
to recognize common data security threats. As cybercrime increases and the
number of attacks rise, organizations could become more alert regarding the
devastating impact on a company takes place from the moment the attack is
launched until security experts detect it. Typically, it takes a high-end
security solution to detect new threats to data security. And the companies
that are profoundly impacted and face the most significant risk are the ones
that have the malicious attack released into their system before the solution recognizes
it, let alone remove it.
Collaboration platforms could be primary targets
further emphasizes that hackers could target enterprise collaboration
platforms. These could include instant messengers and cloud drives.
Cybercriminals take advantage of the fact that a consumer typically trusts
these platforms implicitly. The rise in collaboration services could pose exceptional
challenges for cybercrime experts, even though such applications and services
are often critical in enhancing productivity.
Ransomware to become more significant and prominent
Today, even the
most advanced email security solutions are finding it challenging to prevent
ransomware attacks. And in the months to come, the report reveals that such
attacks are likely to get more sophisticated and could get stealthier. Current security enterprise solutions need to
be updated and upgraded to protect and pre-empt such attempts to ensure that
the least damage is done to the company.
Rights Management (EDRM) to the rescue
Regarded as an
advanced, secure and forward-looking data-centric solution, a digital rights
management system for your enterprise can safeguard your company secrets,
intellectual property and vital documents and PDF files. You can protect and
track your data wherever it travels as well as store and control its use securely,
based on the solution’s granular and tenacious data security methodologies.
A digital rights
management solution is critical to secure your files, ensure safe access and
protected storage. By taking an information-centric approach to enterprise wide
security, a DRM solution can safeguard corporate data and ensures that it
always under your control. Although DRM protection has been well-regarded for
copyright security, it can also be extended to other forms of communication and
email. For instance, if you are sharing sensitive business data, you would need
to control the dissemination of the information, regardless of whether you are
sharing it with a client, customer, or third party.
email security tools do not offer precise
DRM protection. And if your clients have compromised accounts or computer
systems, their data, including yours, can be exposed. For instance, if they share an unauthorized
copy, you may not be able to do anything about it. Securing emails, is thus, a vital digital
rights management feature. A DRM solution goes beyond data loss prevention or
encryption, by providing control over how your protected document or PDF file
is used even after you have sent it.