Forecasting cybersecurity trends

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The first phygital disaster is just around the corner

We probably won’t have to wait long for a core business-critical application to fail and affect businesses and consumers around the world. A hack of a large central system like an internet gateway, a public cloud provider, or a healthcare system like Epic will affect millions of people and we will feel the physical effects in our daily lives. Health care could be disrupted, businesses could not offer digital services, flights would be canceled, food and supplies would not be delivered, and much more. We have already felt the beginnings through attacks on KRITIS facilities such as the clinic in Düsseldorf in Germany or the attack on supermarket chains such as Tesco in the UK.

Cyber ​​attacks are taking off and making for easier wins

The area of ​​attack is becoming more personal, and the convenience of attacks (or the technology behind them) will grow rapidly. For example, there were 11 zero-day attacks in the last iOS update alone. Hackers will intensify their attacks on mobile applications and people. This problem will only continue to grow because, as zero-day attacks increase, consumer awareness of cyber security and the steps they need to take to protect them has not increased at the same rate.

Cybersecurity and data science come together

Cybersecurity and data science have been separate areas that have served two different purposes, but they will come together to help businesses better understand and proactively protect themselves against the growing threats. The two areas will come together and grow together out of necessity, as application development and corporate data continue to explode, dramatically increasing the attack surface.

Cyber ​​insurance is becoming mandatory

In the coming year, the amount of cyber insurance required to protect against ransomware and other attacks will be mandatory in some geographic regions and industries. Similar to motor vehicle liability insurance, a minimum level of cyber insurance will also be required in high-risk sectors. For example, companies can be required to take out insurance that covers at least two percent of their annual turnover. For the next five years, almost all industries and geographic regions will require cyber insurance.

Establish a cyber regulator for healthcare

Healthcare remains the most attacked industry, putting consumers at risk while failing to protect itself effectively. Much like the SEC for the highly regulated financial services industry, there will soon be a health care regulator to strengthen safety and consumer protection in this area. The first steps in this direction are the Hospital Future Act, which among other things has made investment in IT security a condition for subsidies, and the Patient Data Protection Act, which ensures more data security in digital healthcare.

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