By DeVry University
December 02, 2022
11 min read
December 02, 2022
11 min read
Companies around the world are faced with a burgeoning number of cyber security threats, data breaches and attacks that can be expected to grow in volume and complexity over time. Therefore, cyber security responses and preventions must evolve in capability and function to match these growing threats.
In recent years, cyber security has become a strong focus for organizations of all sizes in the wake of highly publicized data breaches and cyberattacks. This is leading companies to adopt a stronger focus on prevention, versus merely detection or response, to stay ahead of cybercriminals.
In this article, we'll be highlighting 15 cyber security trends and their importance. Whether you’re hoping to enhance your understanding to support your current role in the field or you’re thinking about pursuing a career in computer and internet security, these trends can help provide key insights into the changing landscape of cyber security.
It can take millions for a company to recover from a severe cyberattack, and many businesses can't afford to take a relaxed approach to their data and network protection anymore. Being a victim of a cyberattack can be costly.
According to IBM’s annual Cost of a Data Breach Report, breaches are costing more, and having more impact than ever. The current average cost of a data breach for all industries is $4.3 million, an increase of 13% over the past two years. For the past 12 years, the healthcare industry has had the highest average cost, at slightly more than $10 million per breach.
Mainly driven by the emerging e-commerce platforms and the advent of technologies such as IoT, artificial intelligence, cloud security and others, the global cyber security market is projected to grow from $155.83 billion in 2022 to $376.32 billion in 2029 according to Fortune Business Insights.
Cybersecurity Ventures expects global cybercrime costs to reach $10.5 trillion USD annually by 2025. This figure takes into account:
Sizeable fines assessed by regulators such as the Federal Trade Commission and the Consumer Financial Protection Bureau in the United States and their European and Asian counterparts clearly suggest that regulatory agencies are getting serious about punishing organizations that fail to protect consumer data. According to CSO, since 2019, Amazon, Equifax, Home Depot and Capital One combined have paid nearly $2 billion in penalties levied by regulators in the United States and abroad.
Learn more by exploring these 15 trends in cybersecurity.
The primary trend in DDoS attacks is that they are becoming more sophisticated; hackers are finding new ways to execute DDoS attacks with techniques like multi-layered reflected amplification or Domain Name Server amplification.
*Not including breaks. Assumes year-round, full-time enrollment.
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