The Future of Cybersecurity: How it is going to impact businesses and individuals

The internet is growing at an exponential rate, this boom virtually brings the future of cybersecurity into the limelight it has yet to witness. Almost all electronic devices feature some sort of connection to the internet. This is what we now call the Internet of Things (IoT), where physical devices that have sensors, software, etc are connected and can exchange data. We are now at a delicate stage in the realms of the internet, information technology. Delicate in the sense that all of our data are now being unified, you can access all of your virtual data without having to switch devices or change locations. 

Even when switching devices, cloud storage has made it so that all of your data is moved over to the new devices, just with the click of a button. This makes the risks of being hacked even more enormous, making the future of cybersecurity a valid talking point. it’s a jackpot for a hacker considering that once he accesses one aspect of data, it becomes easier to penetrate through other layers of data.

In What Direction would Cybersecurity Evolve?

While it is clear that cybersecurity is an evolving phenomenon, it is quite a different kettle of fish when one starts to ponder the direction(s) cybersecurity will take as it keeps expanding, developing. The advent of machine learning, heuristic algorithms, the use of AI to control and manipulate gargantuan data, the Internet of Things, etc., has opened up an exciting complication that has triggered this article, which aspires to look into more detail at the future of cybersecurity.

Increased Involvement with Artificial Intelligence

The future of cybersecurity is even becoming more interesting with artificial intelligence gaining ground. AI is fast becoming the operating foundation of most software nowadays, so it begs the question, how would artificial intelligence and cybersecurity relate? Cooking up answers to such questions is an exciting prospect and we will continue to see much more innovations that combine the power of both cybersecurity and artificial intelligence. 

Artificial intelligence, with its massive power to compute large volumes of data and create algorithms, cybersecurity can manipulate this capability to create firewalls that readily respond to threats that are even alien to it. Cybersecurity can also apply the power of algorithms to predict how cybercriminals will want to attack. Cybersecurity with AI can collect data and learn from the collected data to improve its security.

It has gotten to a point that the future of cybersecurity will eventually be intertwined with artificial intelligence, that it will become indispensable. Even hackers are adopting artificial intelligence to break down cybersecurity. It will become something of a travesty if organizations are looking at the future of cybersecurity without artificial intelligence in it.

So while artificial intelligence would be used to bolster cybersecurity, cybersecurity would also be used to secure Artificial Intelligence itself, because after all, its functions are internet and device-related, making it vulnerable to cyber attacks making its use and applications secure. So it can be generally deduced that there is going to be a very close romance between cybersecurity and artificial intelligence, the evolution of one would infallibly lead to increased innovation of the other.

While AI would be busy chopping up data and vomiting it back, while AI is being applied to deal with all kinds of issues, cybersecurity included, it would need cybersecurity to safeguard its operations and toils through the internet and IoT-enabled devices. 

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The Tug of War Between Hackers and Cybersecurity Guards

When considering the future of cybersecurity, one would think that the increased sophistication of technology and the internet will favor the normal users and that as technology keeps getting better, as applications and devices keep getting updates and stronger security features, it will become less and less difficult for hackers. But every day, we are reminded that that fact is an illusion, especially once we realize that the things we don’t change, but only how we do it, it is safe to say that cyber threats are not going away anytime soon, as the tool keeps getting stronger for the normal users, so it is with the other side.

Information technology is expanding, more users are accessing the internet daily, more devices are being made and used, data is expanding faster than a tsunami could wash off a city. When one considers the above, would one be going over to predict that newer challenges await the future of cybersecurity? Hackers now have more avenues, more stuff to hack, more data to steal and manipulate, safe to say that this is an even prime opportunity to delve into hacking because there are more opportunities than ever before. So the war between hackers and cybersecurity guards is an endless one that will only keep getting interesting and exciting.

Ransomeware’s Effect on Cybersecurity

When you see a news headline that indicates that hackers are demanding $70million in a global ransomware attack, your brain starts firing, it lucidly reveals what you stand to lose. Apart from your data getting stolen and encrypted if you get hacked, you stand to lose financially and in many other areas. All in all, news like this showcases in full flow, the utter importance of cybersecurity and the fact that it is not a subject that is ever going away, the future of cybersecurity will keep evolving. 

Ransomeware is quickly becoming the most prevalent attack in recent times, where it is reported that these sorts of attacks have more than doubled between 2020 and 2021. Close to 54% of those that were hit claimed that cybercriminals successfully encrypted their data and close to $170,404 were paid on average by mid-sized organizations.

Organizations that have been caught in such attacks, reportedly pay in the region of $1.85m on average to correct the damages that occur, damages such as lost opportunities, network costs, people, time, etc., just to name a few. 

Putting all these into consideration, It doesn’t need predictions from a soothsayer to conclude that the future of cybersecurity will involve continuous strivings to combat such attacks, keeping in mind that cybercriminals are also on the constant lookout for new, innovative, and improved ways to wreak havoc on the internet.

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Where Did I Keep My Hacking Manual?

For someone who’s constantly bouncing from one career line to the other, trying to find the most lucrative and exciting career, why not consider the future of cybersecurity? It is a certainty, cybersecurity will be in increased demand as time goes on. There will be much more devices to secure and constantly update, there will be a blowout of hackers, the number of hackers to deal with will keep increasing and companies will need individuals to hire for these jobs.

Pursuing a career in cybersecurity couldn’t have come at a better time when one projects into the future of cybersecurity and acts. A job in information security is currently ranked as the top 8th best job in 2020 according to World Report. It is estimated to be growing at an average of 28% per year, so whether one is chasing a career or wants to run things as a freelancer, you are guaranteed to get something substantial to work on.

The internet has been so accessible that you can pick up these skills and learn them by using online resources. Graduating in computer science to get employed might become less and less of a criterion, as long as you have a portfolio and the experience to prove that you can do the job. 

Cybersecurity Will Keep Gulping Finances

In the nearest future of cybersecurity, organizations will certainly continue to fall victim to hackers. Apart from the fact that these organizations will need money to pay hackers, in the case of ransomware attacks, they will even pay more for recoveries. Cyber attacks also affect the image and brands of organizations, and trying to recover a company’s brand is one of the most expensive exercises.

In 2018, Cybersecurity Ventures reported that spending on information security commodities, which is just a branch of cybersecurity was estimated to be in the surplus of $114 billion, using this perspective to predict the future of cybersecurity only shows that money spent to bolster cybersecurity will increase, what thing ever goes up and come down?

Enterprises will also need to train employees regularly to keep them abreast of the latest in the world of hacking. According to a 2021 report by Sophos, training IT staff who can stop attacks is the most common reason why organizations are confident they can combat cybersecurity threats.

In an article on the economic impact of cybercrime, the sum of approximately $600 billion is lost annually to cybersecurity attacks totaling around 1% of the global GDP. Looking at the future of cybersecurity with this sort of fact in mind, one is hard-pressed to think this amount will keep going up, resulting in companies spending even more money to defend against it. No matter which side you fall on, cybersecurity will continue to attract a very huge amount of money.

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Seamless Integration Across Online Platforms

The future of cyber security will see more seamless integrations of cyber security facilities. Nowadays, even a 2-year-old can build a website(just kidding) but you get the point. The Internet has become so advanced that it is becoming increasingly possible to do what we used to call impossible. Installation of apps is very easy, you can use instant apps, apps that you can use without installing them.

To illustrate, IBM has been investing in the Security Intelligence Platform. They have been working in their Q1 lab for years, a work which has involved them trying to create cybersecurity with a single interface, that will be able to perform all security functions from monitoring, to defend. The future of cybersecurity is such that once cybersecurity becomes unified, its integration into other virtual platforms is just a matter of time and consistent effort on the part of developers.

It is easy to predict that in this light, the future of cybersecurity will see a very quick and seamless integration generally, be it in software, or its integration with other substantial innovations like artificial intelligence and deep learning.

The future of cyber security will involve more mobility in respect to apps. More cyber security mobile apps will continue to see an increase in creation, sophistication, and capabilities.

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Cybersecurity Reorientation

This particular point thoroughly illustrates the popular, “last but not least” saying. The future of cybersecurity will thoroughly be affected by how humans look at cybersecurity. Consider this, when we talk about cybersecurity, the first thing that comes to mind is that we all think to presume cybersecurity starts and ends in virtual reality. But the fact is. That the human factor plays the most integral part in cybersecurity.

One of the ways that companies get attacked is through phishing, this is a situation where emails are sent to the employees of a company disguising as mail from the employing company. A staff and n that scenario will naturally just click away. There is always a possibility that cybersecurity functions could fail, or be bypassed, it is in that time that humans serve as the last line of defense.

Even Facebook and Google, between 2013 – 2015 became victims of a phishing scam that coated them in access of hundreds of millions of dollars. Quanta used to be a vendor to both organizations and the phishers impersonated Quanta to send fake invoices which were paid. Even though the perpetrator got caught and almost half was recovered, it is a simple but clear example of the value of humanity on the future of cybersecurity.

In reality, we think it is the other way round, that cybersecurity is the last line of defense, but when we start to remind ourselves that cybersecurity is only a tool, that can break, then the future of cybersecurity will be brighter for the vulnerable internet users.

CONCLUSION

We are undoubtedly in exciting times, companies, individuals, government, systems keep depending on information technology to keep on flowing, the risks involved in its application continue to expand. But we just have to move forward and keep building, having it at the back of our minds that eyes are prowling and fangs that want to dig deep into every expanding virtual resource.

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