Listen to Audio Ever thought of the important contributor for the world to ultimately give in to the digital revolution in the COVID-19 pandemic? The majority of the companies took Continue Reading

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Ever thought of the important contributor for the world to ultimately give in to the digital revolution in the COVID-19 pandemic? The majority of the companies took the digital road for their company operations.

The digital economy transformed in such a way that it increased innovation. AI, cloud computing and information technology have opened various new possibilities.

Therefore, these innovations have also created major effects on the identity verification pattern and have to assist con artists in conducting fraudulent activities. With technological advancements being the main reason as well as the solution for the rise in cybercrimes, the pattern for cybersecurity in 2021 will be notable, interesting, and innovative. Let’s dive deeper into this blog to find out 6 predictions for cybersecurity in the present year.

What is Cyber Security?

Cybersecurity is a collection of actions to shield online information from online attacks. Phishing attacks, hacking, malware, identity theft, etc., have been the categories of cyberattacks affecting company organizations and people. Cybersecurity can be employed by the company to minimize data breaches in the online atmosphere. There has been an increase in cyberattacks in the prior year which has initiated companies to take measures of cybersecurity in the year 2021. Let’s take a closer look at the predictions that can be the latest trend of cybersecurity in 2021.

Six Predictions for 2021

The role of artificial intelligence and machine learning

The increase in cybercrime includes malware, phishing attacks, ransomware, identity scam, data breaches, etc. These scams have been a reason for presence for any company. Therefore, artificial intelligence-powered technology is here to remain. The adoption of artificial intelligence to minimize scams has assisted many businesses to conduct actions safely, increase their user experience, and reduce risk. Risk management, fraud detection, and know your customer is now streamlined with AI and ML.

The Utter Desire of Remote Working in COVID-19

Remote working is another thing that we have to follow due to the presence of the COVID-19 pandemic. In order to support social distancing measures, most industries have prompted remote-working. As stated by the latest study, work-from-home has significantly raised cyber attacks as fraudsters find it simpler to target staff members that are working remotely.

Due to this, it is important for companies to be observant of these types of scams and take cybersecurity precautions seriously to shield remote workers. Online companies should concentrate on safe user onboarding and smooth employee hiring processes and cybersecurity measures can allow that.

Solid User Verification

To save themselves from cyber attacks, companies must take robust actions for biometric authentication. Using passcodes is not sufficient to save oneself and one’s company from intelligent criminals. As stated by the study, identity scams have increased through the COVID-19 pandemic which is the greatest threat companies encounter. Which has led to the desire for the companies to digitally authenticate user identities? Strengthening the present user verification regulatory structure might become the preferred job for companies in the present year.

Blockchain

Blockchain has ought to become one of the most used techniques for payments in the automated world. Blockchain is assumed to become the greatest cybersecurity mechanism in the present year. With technology, many cybersecurity solutions can be enhanced for secure company practices. It can be adapted to safe social media apps involving Twitter, Facebook, etc. From cryptocurrency to apps, blockchain can help several sectors in shielding their information.

Coercion – The Latest Technique of Ransomware

Fraudsters threatened innocent relatives and friends for the purpose of acquiring money, Presently, coercion has also automated. Criminals threaten the innocent for affecting their family and relatives for the purpose of data or cash through automated means. Ransomware will rise in 2021 and coercion will be the latest method of Ransomware attacks.

Replay Attacks Will is Center of Stage

Online replay attacks are also examined to increase in 2021. In a replay attack, criminals submit similar data with minor changes during the IDV procedure. It gets hard for the business to recognize such attacks because standard measures of authentication include humans for the procedure. It is quite hard to recognize documents submitted several times with minor changes. For example, the criminal might submit a similar identity document card thrice by altering the DOB and expiration date.

Two-factor Verification for Security

The rise for MFA as a cybersecurity measure will rise in 2021. Small and medium-sized companies adopted this method of cybersecurity in the previous year, but the adoption of two-factor authentication will increase overall types of businesses; from multinational companies to startups. Two-factor verification is a compilation procedure that has added layers of safety involving biometric verification and SMS-based verification.

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