Cybersecurity in 2021: What Do You Need to Know?

Cybersecurity in 2021: What Do You Need to Know?:

As an e-commerce site, technology is at the heart of your business.

Cybersecurity and data protection are top priorities for technology-dependent companies. The Data Breach Cost Report for 2020 shows that the average cost of data breaches in the United States is $ 3.92 million.

The Global Information Security Survey shows that customer data is often central. It is valuable for attackers as they can use it for various criminal attempts or sell it to third parties. If your business fails, it’s not just the cost of the data, it’s your company’s reputation.

In addition to data breaches, as an eCommerce company, you need to be vigilant against cyber-attacks where you want to leave your website. Malware (malicious software) can violate the functionality of your website, demand a ransom, or even remove it.

Like anything else related to technology, cybersecurity threats can change rapidly. It can sometimes feel like a cyber bubble game when new threats appear in their heads. For e-commerce and other high-tech companies, this means doing your best to stay as modern as possible.

Here are some of the top cybersecurity trends in 2020:

The role of AI

Artificial intelligence (artificial intelligence) has developed rapidly in recent years. Expert predictions for 2020 are that we will see this as a more important role in internet attacks:

“AI will not only allow malware companies not to touch the keyboard, but attackers will also use AI in other malicious ways, including targeting, exploiting and attacking.” – Marcus Fowler, Dark Path

Using AI voice technology, the fraud was committed with “deep fake”, where the scammer uses artificial intelligence to be a real person. Hopefully, this opens the door to the next wave of identity theft, including phishing attacks. As a business owner, it’s important to recognize this, not only to protect your business but to protect your customers as well.

Another possibility of AI attacks is the spread of disinformation. Most people are political familiar with this idea, but there is great potential to use it against companies and other organizations:

“By 2020, we will see more of the terrifying reality that deep learning algorithms can bring when we generate fake but seemingly realistic images and videos. This artificial intelligence app will act as a catalyst for large-scale disinformation campaigns that target and identify each victim’s behavior and psychological profile, increasing their reach and impact. “-Pascal Geenens, Radware

On the other hand, there are companies that integrate artificial intelligence into their cybersecurity measures to protect themselves from threats. By 2020, more companies are expected to use predictive and proactive AI to defeat cybersecurity threats.

Advances in data encryption

As cyberattacks become more sophisticated, the way we encrypt our data needs to become more sophisticated to keep up with the times.

E-commerce stores do not differ – you need to have an advanced data encryption strategy (or your platform provider). It’s not just about protecting your business and reputation but also about complying with all applicable labor laws.

Recent advances in data encryption include:

• Distributed reporting technologies: You’ve probably heard of distributed reporting in digital currencies. It is a digital transaction recording system where transactions and related data are recorded simultaneously in multiple locations. This means that there is no centralized database or management function. Each node in the network contains data, which creates a system that is difficult to attack successfully.

• Ignorant coding: Simply put, “zero-knowledge” means no one but you holds the keys to your data. This means that you can not save a password if you have forgotten it. Of course, this also means that if you are likely to forget your password, zero-knowledge is probably not the best choice for you as you will no longer have access to your data.

The point of encryption is how “secure” it will be if your data is stolen. If coded correctly, you hope that those who stole it will not be able to read it. This may sound a bit cynical, but the fact is that it is difficult to protect your data from an experienced hacker who is determined to gain access to it. The NSA has also been violated in the past.

Malware infections on devices

If you think about what you can expect from the cybersecurity world in 2020, it’s worth taking a look at what we’ve already experienced in 2019. Kaspersky IT Security Economics’ 2019 report shows that about half of organizations have a malware infection on their devices. of society. If you allow employees to work on their own devices, it is also important to note that the report found that about half also had malware infections on their employees’ devices.

In particular, cyber attacks on mobile phones increased by more than 50% in 2019. These include attacks such as theft of evidence, surveillance, and malicious advertising. As many companies now allow employees to use devices to use their devices so that they can work remotely and be flexible, there is legal concern about attacks on devices used as backdoors in companies.

Where does your e-commerce business come from? It is important to carefully consider the policies and practices of using devices to protect the devices of your business. Interestingly, cyber attacks target personal devices, as they are usually not as secure as corporate devices. It also means that they do not have the most difficult task of submitting merchant accounts directly.

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