Have you ever wondered why there is this much talk about cybersecurity? No? Let’s look into it together. What if we ask you how valuable your information is? It could be your personal information, your financial information like credit card credentials, etc. Let’s guess your answer, was it priceless? Well, cybersecurity is the combination of practices and security protocols we use to protect our information from unauthorized access. There can be multiple objectives for these attacks like exploitation, identity theft, and many more.
Cybersecurity covers all the areas that are connected to the internet by any means. If we talk about them, the first one is application security. The practices and security measures that we take in the development phase of an application is called application security. The techniques that we use for this are parameter manipulation, identity verification, and many more. Information security the one that is second on the list. The security measures and practices that we do to protect our private information from getting stolen is called information security. The third one is network security. It is the most vital area of cybersecurity, as by safeguarding a network, we can safeguard the information as well. There are different things we can do to safeguard our network, like using an anti-virus, intrusion prevention system, and VPN for remote access.
These are the practices we have been doing for so long now. Cybersecurity has evolved a lot in the last decade and will continue to do so. Let’s look into the forecasts for cybersecurity in the year 2021.
Cybersecurity Forecasts for 2021
It is right that we cannot predict the future, but when in the case of cybersecurity, we certainly can. The advancements that we have seen over the last decade, we are in the position to say things are going to get only vaster. Information technology has revolutionized cybersecurity with a mix of artificial intelligence and cloud computing.
If we talk about what is going to change for cybersecurity in 2021, we know for certain that this industry will be on a roll. Organizations will adapt to the cybersecurity to safeguard their private information and clients’ data. Let’s list down the forecasts for cybersecurity for the year 2021. If you want to know more about cybersecurity, you can join our training program.
- Targetted Ransomware
The more advancements we are going to see in technology, the more we are going to be vulnerable to cyber-attacks. Ransomware has been on a roll, and with time, it will turn up more against businesses. Well, to be honest, it is going to get worse. These attackers are getting smarter with time. They now gather all the information about their soon to be the victim and then attack at the time when it hurts the most. And, this is the time when they ask for big demands for ransom.
- Cyber Attacks
According to a study, there are tons of businesses that face cyber attacks in millions of numbers every year. The most used attacking technique is phishing. It is a type of cyber attack in which the attackers appear to be a business partner or a trusted person and tries to steal the data. They do it by sending a malicious link through email or message. As time passes, we can only see these attacks growing because attackers are now using social media to attack their target. Cybersecurity training is the best option to understand the threats and to learn how to eliminate them.
- More Devices, More Problems
2020 is going to be the year we start using 5G technology, which will boost the internet speed like big time. This sounds exciting, but this will also make all the devices connected to the internet, more vulnerable. The data collection will become higher than ever, which will increase the probability of data theft as well. With risks being this high, cybersecurity firms will have to work hard to design systems to minimize these risks.
- Artificial Aid
Almost all the cybersecurity solutions we have today are human-built, and they worked fine in the past. But we are marching towards a world that is all technology, and in that world, these solutions will not help us. To cope with these technologically advanced threats, we will have to build advanced solutions. This is where artificial intelligence will enter and play its part. By using AI we can build systems that can identify a threat in the very initial stages, and we will do so.
- Heading Towards Cloud
The more public the data is, the more it is on the verge of getting attacked by cybercriminals. This is the reason data stored on the public cloud gets stolen easily. Therefore, by the end of 2020, most of the companies will conclude their on-premises data centers and will move forward to a hybrid cloud environment. For both of their data, public and private. This will end up in better protection of their data from all the possible cyber attacks.
Market Estimate
The market of cybersecurity has been growing fast in recent years. Some companies are not properly equipped to tackle cyber attacks, so they outsource their cybersecurity to cloud service providers or host companies. These companies are a part of the managed security services market (MSSP). The MSSP market is growing rapidly with 12% CAGR. According to the predictions, the market estimate of cybersecurity will grow very quickly. It was a USD 24.05 billion industry by the end of 2018 and was predicted to be at USD 47.65 billion by the end of 2023. It is at 14.7% CAGR, which is heavy. In the year 2021, it is maintaining its pace quite well.
Final Thoughts
The security system that can detect an upcoming threat and stop it before even damaging any of your data is what we call a perfect cybersecurity system. And, to be honest, we are after this in the year 2021. All the predictions and forecasts about cybersecurity for the year 2021 are here with the estimated market worth. With all the insights that one needs to understand the future of the cybersecurity industry. If you need any more information regarding this, contact our experts, and they will guide you in the best way possible.