When it comes to cybersecurity, more is not always better. As new solutions have emerged in response to rapidly evolving technology and increasingly sophisticated cyber attacks, SOCs have added tool after tool to their arsenals.
It’s no surprise that organizations are pouring resources into their security approaches, from investments into hardware and software and significant increases in Cybersecurity professional hiring. In fact, industry watchers expect organizations globally to contribute to $1.75 trillion in cumulative spending on Cybersecurity between 2021 and 2025.
The much-anticipated fifth generation (5G) of broadband cellular technology has arrived, ushering in unprecedented network speed and connectivity. The tech is also spurring innovation into new tech solutions to meet an ever-growing appetite for instant, reliable connectivity, often, faster than most enterprise Cybersecurity teams can handle. If there was ever a time for AI to deliver on the promises made by Cybersecurity platform vendors, it’s now.
Anomaly detection, the “identification of rare occurrences, items, or events of concern due to their differing characteristics from the majority of the processed data,” allows organizations to track “security errors, structural defects and even bank fraud,” according to DeepAI and described in three main forms of anomaly detection as: unsupervised, supervised and semi-supervised. Security Operations Center (SOC) analysts use each of these approaches to varying degrees of effectiveness in Cybersecurity applications.
Some of you may have seen the “funny” statistic in the last few months that during the pandemic, ice cream sales are way up while deodorant sales are way down. Let’s just say that, for me, it’s coffee ice cream. Dessert aside, this stat does lead one to think about what other trends occur during a pandemic or a crisis when we look back at events such as world wars, the Great Depression, the Global Financial Crisis (GFC) of 2007-08, etc.
The very nature of data is its infinite capacity for growth. For security teams at large, highly integrated and complex enterprises like financial services institutions, that growth can quickly become unwieldy when the approach is to store, normalize and prepare all of this data in order to extract value.
Real unsupervised AI spots security issues sooner and predicts future behavior more accurately than older first- and second-wave solutions. Self-supervised AI technology draws on an understanding of the fundamental nature of the network where it lives, an understanding that isn’t possible with supervised-AI.
Bad actors do not discriminate. Organizations across all sectors are at risk — corporations, non-profits, and increasingly, federal and state government entities. The U.S. Government Accountability Office (GAO) reported that security incidents increased by 1,300 percent from 2006 to 2015. This number is growing.
In this environment, it’s no surprise that U.S. CEOs rated cybersecurity as their top external concern in a survey conducted by the Conference Board. Those worries are unlikely to fade anytime soon, but 2020 also brings fresh opportunities for proactive measures to secure sensitive information. Here’s what you need to know about the trends that are currently emerging in cybersecurity and how you can make a difference in the future of the field: