Security Trends Companies Must Learn in 2019
3 Essential Security Trends Companies Must Learn in 2019
Each year brings in a new set of technologies that disrupt the many industries around the world. But while they offer opportunities for revenue and business expansion, they often accompanied by new threats as well. Here are the security trends to keep in mind this year.
1) Better Authentication Methods
One might think that strong passwords are enough. After all, this is what the IT department often tells the whole workforce. But passwords and even two-factor authentication are no longer as reliable as before in terms of data security. It’s not enough to know how to setup VPN Android or on iOS devices.
In 2019, expect to hear more about Fast Identity Online (FIDO), which is formed by an alliance that hopes to improve authentication procedures through multifactor authentication, the Universal Authentication Framework (UAF) protocol, and public key cryptography, among others.
Another protocol that FIDO supports is the Universal Second Factor (U2F) protocol. If someone wants to access your account, they would need not only your account password but also the use of your U2F device — needed to create a new pair of keys. Otherwise, the login attempt won’t be authenticated.
2) Bring Your Own Device (BYOD) Practices
The BYOD policy has proven beneficial to companies and their employees, especially in Brazil and Russia. Now, workers can choose to use their own devices to accomplish work. They no longer have to get used to a new computer or operating system.
However, BYOD poses security risks. The IT department has more troubles to deal with because of the variety of hardware and software. Not every employee secures their devices with antimalware software or the appropriate firewall and encryption settings. Thus, companies must balance convenience with data security.
3) Better Analytics
Lastly, companies would do better with investments in AI and machine learning. Having predictive analytics ensures that your business isn’t just always responding to a severe security flaw. Instead, AI-assisted analytics lets software engineers look at the overall state of the IT infrastructure at any moment.
Companies in the finance industry will benefit from analytics that allows them to look at short-term and long-term patterns. This is essential in identifying the possibility of fraud and money laundering. Using machine learning helps companies check whether there’s an oddity during negotiations.
All in all, companies must adapt to significant changes in the digital sphere. Big data gives them many opportunities to grow, but they must also know how to safeguard them from new threats.