Often known as IT security, cyber security highlights the maintenance and protection of important data, programs, and networks from unwanted and unlicensed access. It ranges from basic network and application security to cloud and infrastructure security.
Especially, since cyber threats have amplified at a startling rate, security solutions have started gaining huge preference across the world.
Solutions like firewalls and antivirus software have come out as highly effective, whenever it comes to thwarting attacks like phishing, malware, and Trojans.
The favorable outcome of these solutions has given way to the rapid expansion of the cyber security sector, as instigating technical defenses has turned out to be a standard practice in the majority of establishments.
According to Allied Market Research, the global cyber security market is projected to register a significant CAGR from 2020 to2027.
An increase in demand for sealed security in financial companies and surge in adoption of cloud technologies & internet banking has driven the market growth in more than one way.
The initiator of the CEH (Certified Ethical Hacker) program, EC-Council, has recently divulged a novel strategy to train entry-level cybersecurity specialists.
The EC-Council Academia Division will now dole out a free education series providing hybrid learning education sequences, led by specialized instructors, for professionals and scholars alike.
This series is formulated tactically across digital forensics and ethical hacking by the same designers who crafted the widely known DoD (U.S. Department of Defense)
Time has also come to clasp the very idea of the Zero-Trust model of cybersecurity. The model has been highly acclaimed as a potent and powerful approach to avert data breaches, thereby curtailing the risks of supply chain attacks.
As the use of smartphones soars high and the incorporation of cloud technologies hastens beyond the bar, the need to incorporate the zero-trust model is felt even more.
There is not really any inimitable way to carry through Zero-Trust; all it calls for is an incrusted security approach that makes up for the entire digital infrastructure.
Nevertheless, the concept was still there even before the inception of the model. Although its adoption in the fintech organizations has been quite sluggish and dawdling, it’s expected that the adoption would pick up the much-required pace very soon.
Here, it’s worth stating that the outbreak of the pandemic has had a positive impact on the global cyber security market.
With remote working onboard, enterprises have started addressing security issues and expediting secured information, which in turn has become immensely favorable for the market growth.
At the same time, the risk of cyberattacks has also soared up in most establishments, due to the high increase in internet traffic, which has driven the need for cyber security solutions.
Developments in features such as cloud security & AI-integrated solutions as well as the rise in the number of cyberattacks post the outbreak of this pandemic have reinforced the market growth even more.
And, this is the prime moment to clinch the Zero-Trust model indeed. The reasons are quite simple. Firstly, the pandemic has hastened the incorporation of remote working technologies, thereby stimulating the interdependency across the digital supply chain. The bygone conception of defending the perimeter is really doesn’t work anymore.
Secondly, the majority of business organizations are now struggling with strict norms and growing pressure to enhance data privacy.
Lastly, executive dictums such as the one implemented in May by the Biden government impose the Zero-Trust model to inscribe the rising number of malicious campaigns that can creep up the private as well as public sectors.
Most importantly, the recent cyber-attacks have also accentuated the fact that how enterprises must consider the implications that can influence society too.
Nonetheless, sustaining cybersecurity in a persistently evolving scenario is a challenge for most establishments. Conventional reactive slants, in which resources were put toward defending systems against the major threats, while the minor challenges were unfortified, is no more considered a wise tactic.
To correspond to the mutable security risks, more pre-emptive and hands-on approaches are truly essential. For instance, NIST, the National Institute of Standards and Technology vouches for implementing constant monitoring and real-time valuations as part of a risk charge framework to protect against the potential threats.