Cybersecurity and exposure to security breaches are a major headache for many small and medium business owners in California. These businesses experience daily cyberattacks. What can we expect to see in the coming year? Which cybersecurity trends will rule 2020, and what network solutions are available to protect your business?
In this post, we’ll talk about the top four cybersecurity predictions for 2020. We’ll also discuss things you can and should do to protect your business from a cyber threat. Lastly, we will describe some of cybersecurity remediation solutions our company offers directly and thru valued added resellers and integrators.
Before digging deeper into these trends, let’s look at some of the stats that reveal the gravity of the challenges your business may face this year:
- Human error accounts for 95% of all cybersecurity breaches because crooks use the weakest points to infiltrate systems
- We have an acute shortage of qualified cybersecurity experts in the US. According to the National Initiative for Cybersecurity Education (NICE), we have only 715,000 trained cybersecurity experts and 314,000 vacancies
- 60% of businesses suffer cyberattacks such as DDoS attacks, phishing, and social engineering onslaughts
- 43% of cyberattacks target small businesses, up from 15% two years ago
- Only 10% of cybercrimes are reported in the US annually
- Ransomware attacks happen every 14 seconds in the US
- The University of Maryland estimates that cybercrime happens every 39 seconds on average. This figure affects one-third of Americans annually
Cybersecurity Trend #1: More and Tighter Legislation
Cybercrime is just that, crime. Just like any other crime, it requires legal intervention to accompany direction efforts. This coming year, we expect tighter legislation to be a leading cybersecurity trend locally and at the federal level. Remember, even government systems at the federal and state level are still vulnerable to these attacks.
Though we expect to see more rigorous legislative efforts, the federal government has not yet drafted its own national legislations even though different states such as Washington and California have drafted their own laws.
For example, California has its own legislation called The California Consumer Privacy Act (CCPA) that takes effect on January 1, 2020. This legislation governs how companies store and secure data. The CCPA has the following requirements:
- Businesses should inform individuals about how they use their information
- Consumers can demand crucial information about their personal data in the hands of corporations
- Companies should provide individuals with a way of disallowing the sharing of their details
- Companies must delete customer data if they so request
- Businesses should inform customers about the type of data they possess
- Enterprises must provide customers with particular data they gathered in the past year
What You Can Do to Prepare for Cybersecurity Legislation
How should you respond to this cybersecurity trend to avoid landing in trouble with the law? Here are practical solutions you can implement to remain legally compliant:
- Prepare yourself for compliance as CCPA takes effect and remember federal legislation can come into effect any time
- Familiarize yourself with the CCPA provisions for easier compliance
- Audit and analyze your small or medium size business to see if it complies with the letter and spirit of CCPA
- Take necessary measures to comply in consultation with your legal team and cybersecurity experts
How Innovative IT Group Can Help
Here is how our cybersecurity solutions can assist you to respond to this cybersecurity trend:
- The implementation of best practices for group policies and password management
- External vulnerability assessment we perform quarterly for our compliance clients
- Helping you comply with federal and industry standards and regulations such as HIPAA, SOX, GLBA, PCI, and more
- Undertaking of staff training and education so it can work within legal confines
- Enhance your organization’s security culture
- Help with the implementation of rules change
Cybersecurity Trend #2: Increased A.I.Integration
Increased use of A.I. (Artificial Intelligence) in advancing cybersecurity threats and cybersecurity remediation is another trend coming down the pike in2020.Although A.I. was designed for good use, hackers hijacked it for malicious ends. For example, they use A.I. combined with social engineering to create and deploy sophisticated ransomware. Consequently, they leave businesses with monetary and non-monetary losses. For instance, these viruses can:
- Turn on audio and video and start recording
- Alter passwords
- Bypass security measures
- Spread through entire computer networks
Companies under attack can exploit A.I.’s two-edged nature to counter the AI-enabled cyberattacks. The reason is that A.I. helps businesses detect and respond to cyberattacks faster than humans do.Early detection is necessary for timely countering. These systems can detect and respond in milliseconds to attacks, while human beings could take hours, days, and even months to notice. For example, even big companies such as Facebook and Capital One have taken six months to detect major security breaches. Unfortunately, these companies have people’s sensitive data such as credit card details, social security numbers, and passwords.
What You Can Do with Artificial Intelligence
Your company should take the following measures to protect your small to medium business against AI-enabled cyber onslaughts:
- Establish A.I. cybersecurity governance for transparent, ethical, and long-term improvement in your business
- Identify relevant and the latest data sources of AI-powered cybersecurity remediation
- Create data platforms to implement effective AI-powered security systems
- Improve threat intelligence by collaborating with local external parties and solution providers
- Make your cybersecurity staff AI-ready
- Deploy SOAR technologies to enhance security management. This way, you will be better placed to collect security data safely from different sources
How Innovative IT Group Can Help
Despite the increasing abuse of A.I. in creating and deploying cyberattacks, you don’t need to panic because you are not alone. We can help:
- Implement advanced threat detection and protection
- Assist you with creating managed next-generation firewalls
- Help you enjoy managed compliance
- Offer your enterprise managed vulnerability scanning
- Protect your business, information, and brand image against hackers, AI-enabled viruses, and malware
- Offer you 24/7 cyber threat detection and monitoring of vital systems by our certified cybersecurity experts
- Offer you 24/7 Intrusion Detection and Threat Detection monitoring
- Deliver security expertise and around-the-clock response, and remediation
- Enable you to deploy top-notch security technologies
Cybersecurity Trend #3: Cyberattacks Will Go Mobile
The mobile telephony revolution has provided hackers with a new platform to perpetrate their malicious agenda. The battle is rapidly shifting to mobile devices because more than 65 percent of all online activities happen on mobile gadgets. This coming year, we expect cybercrime to get more mobile than ever.
Here are the cybersecurity stats to show you how serious this battlefront will be in 2020, hence, inspire you to take early and effective preventive measures:
- RSA, EMS’s security division, reveals that mobile users are at least 3 times more vulnerable to phishing attacks than desktop users
- Also, RSA shows that 70% of fraudulent transactions in 2018 happened on mobile devices
- Mobile users are much less aware of the available mobile cybersecurity remediation solutions
- Most mobile users easily download apps before researching their developers or understanding some of their suspect permissions they ask for
- AVG Technologies discloses that 89% of mobile users don’t know that smartphone apps can steal confidential payment information such as credit card details secretly
- Sadly, 29% of mobile users keep their credit and debit card details on their gadgets
- Lastly, RSA research in 2019 reveals that mobile apps fraud has risen by 680 percent since 2015
Can you see these loopholes in mobile devices? Unfortunately, many emerging businesses in Los Angeles depend on portable gadgets. Therefore, it’s high time that California businesses take mobile transaction security seriously since they are more vulnerable on this front than on desktops.
What You Can Do
So, what should your small business do to secure itself from mobile-based violations and threats? Here are practical measures to safeguard your emerging enterprise against mobile device hackers in 2020.
- Develop a security-conscious culture in your business
- Empower your employees against mobile gadget attacks to drive innovation against cyberattacks
- Set strong passwords on all mobile business appliances
- Encourage your staff to download software and files from trusted sources only
- Backup and secure your mobile data
- Delete all data on old company smartphones before donating, reselling, or recycling
- Download and install mobile security apps that scan all apps you download for malware and spyware
- Report all lost or stolen smartphones
- Never install pirated applications
How Innovative IT Group Can Help
Our cybersecurity mobile remediation solutions can protect your mobile environment:
- Offer advanced threat detection and protection for all your mobile company devices
- Protect your small business and data against mobile device hackers, viruses, and malware
- Deploy the latest mobile and desktop security technologies
- Offer ongoing device security and maintenance updates
- Provide managed anti-virus, anti-spyware, and malware security with Endpoint Detection and Response capabilities
Cybersecurity Trend #4: Phishing Will Continue and Take More Subtle Forms
The phishing warfare will increase this coming year and take more subtle forms. It’s important to note that hackers break into businesses’ email systems to lie in wait and gather sensitive details about them.
Afterward, they use the stolen details to take advantage of the relationships and trust businesses have built with people they email regularly. Moreover, these attacks affect all sectors. Here is an example of a sophisticated phishing attack targeting real estate firms and a mortgage transfer. They conduct fraud this way:
Hackers deceive a property buyer into transferring closing deal fees to a fraudster using an email that seems to arrive from their trusted mortgage agent.Meanwhile, they wait patiently and hack into a mortgage lender or title agent’s computer network to steal information regarding a pending mortgage deal and settlement date.
Suddenly, they strike unsuspecting victims,often right before the real agent emails, to inform them where they should send their mortgage funds.Afterward, they rush ahead and redirect the real email from the mortgage agent, so it doesn’t land in the victim’s inbox. Meanwhile, the client directs the cash to the fraudster only to realize later they have lost their money and property. Unfortunately, most people never recover their hard-earned cash.
What You Can Do
As 2020 arrives and phishing takes new twists, prepare to defend yourself against this trend in the following ways:
- Enforce a secure email passwords policy across your business
- Train your employees on the best email protection practices and how they can detect complex phishing attacks
- Update all your anti-virus protection regularly
- Implement a centralized network protection system
- Use specialized anti-phishing solutions to identify false emails carrying malicious and harmful links that can expose your business to hackers
- Limit and control access to user accounts in your email system to allow only for users to access the system when it’s necessary and leave immediately after performing their official duties
How Innovative IT Group Can Help
You don’t need to worry about the complex twists phishing is taking in 2020. Our cybersecurity Phishing solutions are here to assist you in the following ways:
- Offering advanced phishing threat detection and protection
- Providing the latest managed firewalls
- Conducting managed phishing vulnerability scanning
- Eliminating the hassles of internal network security management
- Phishing incident management and monitoring
- Implementing best practices for group policies and password management
- Providing device control to restrict where users should store data
- Offering 24/7 security logging
Get Help With Cybersecurity in 2020
The new year is right around the corner, and cybersecurity and its breaches remain a major headache for small to medium-size businesses in California. Moreover, different cybersecurity trends will dominate 2020 with far-reaching implications.
Stricter legislation will take effect with California set to implement its CCPA regulations next January. Phishing will continue taking more subtle forms. Also, A.I. will remain a double-edge sword, hackers will use to attack businesses while network security solutions providers will optimize to counter hackers. Also, the cybersecurity war will go more mobile, as hackers target mobile devices due to their vulnerability.
Innovative IT Group can help your business prepare for these cybersecurity threats in 2020. Our trustworthy cybersecurity remediation solution scan protect your business and valuable data.Our IT and cybersecurity support can assist you with complying with changing cybersecurity regulations, train your staff in various online security matters, and provide you with managed firewalls.
Lastly, we can enhance your enterprise’s security culture and help with the implementation of rule changes.
Contact us to learn more about our threat detected and cybersecurity solutions and get ready to future-proof your small business in Los Angeles and Ventura Counties today.