Cybersecurity strategies are expected to grow and improve into 2019, with more businesses implementing improved and updated cyber network securities. This reduces risks of cyberattacks and ensures that operations continue to run smoothly.
Increased Demand for Security Professionals
One challenge facing Australia’s cyber security sector is the shortage of job-ready workers. The country is in need of IT professionals equipped with the right skills to face threats to cybersecurity. These professionals need technical skills and soft skills important for conveying the gravity of cyber threats to the board and other stakeholders.
A report published by the Australian Cyber Security Growth Network estimates that an additional 17,600 workers may be required by the cybersecurity sector by 2026. This is alarming as the country continues to face a skills and a labour shortage for cybersecurity workers. The shortage will continue to be a problem if consistent and active efforts to increase supply are not applied.
Threat Detection Solutions
A cyberattack can happen quickly and unexpectedly. Businesses should consider establishing company-wide protocols to protect themselves from potential attacks and to mitigate the harm they may bring.
A report conducted by Accenture on the state of cyber resilience in Australia found 79% of companies believed technologies like artificial intelligence (AI), Blockchain, and machine learning were important for protecting against cyberattacks and securing the organization’s future. However, only 40% invested in these new automation technologies.
It is expected that more businesses will turn to newer and more advanced technologies to protect themselves against cyberattacks and limit financial and reputational damage.
Artificial Intelligence Systems
Artificial intelligence systems are algorithm-based defence monitoring systems that can detect and respond to various cyber threats 24/7. This system can prepare and employ defence strategies the moment a threat is detected. It helps to mitigate the damage caused to a business.
The constant monitoring of an AI system means businesses stay in front of cybersecurity technologies and are prepared for threats that may arise.
Better threat detection software and technology comes with more sophisticated cybercrime techniques. Ransomware, for instance, has the ability to latch onto and steal customer data and information from a business. As ransomware is continuing to evolve, it can become more difficult to retrieve this information.
IT professionals and business leaders need to implement advanced cybersecurity technologies to ensure they are always ahead of these cyberattacks.
DevSecOps involves collaborations between security teams and developers. It refers to the practice of applying security considerations during the development process. It can involve introducing automation to infrastructure layers so security aspects are enhanced.
It is expected that by 2019, more businesses will address security concerns at the developer level. Developers are pressured to determine the effectiveness of different cybersecurity practices and to incorporate protections for various cyber threats.
Employing a DevSecOps approach allows an organization the ability to patch, rebuild, or change credentials in a system in a quick and efficient manner in the event of a cyberattack. This reduces the impact that an attack will have.
Companies need to consider incorporating advanced technologies and new strategies to reduce the risk of a cyberattack and mitigate the potential damage.