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Enterprise Security Magazine | Friday, September 16, 2022
The Middle East cyber security market size is expected to grow to USD 22.14 billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 14.2 per cent.
FREMONT, CA: With COVID-19 resulting in an economic fallout, numerous economies are working on game-changing improvements to protect their employees and customers. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. On Data Privacy Day, organisations explore new trends in the cybersecurity industry in the upcoming years.
Security of Cloud Services
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Most businesses around the world use cloud computing services. As a result, employees have simpler access to data, software programmes, and several other forms of information. The systems must be carefully set up to defend against cyberattacks that could give attackers access to sensitive and classified data.
Artificial Intelligence (AI)
Most enterprises are implementing artificial intelligence (AI) and machine learning to enhance the security of their IT infrastructure in response to the growing threat of cyber-attacks. It has demonstrated the growth of automatic threat detection, face recognition, natural language processing, and automated security systems. The systems are more resilient to potentially dangerous threats from advanced breakthroughs in this field. Machine learning helps cybersecurity comprehend the tactics used by thieves and will be able to defend the company from intrusions.
Remote Security
Hybrid workplaces and remote employees regularly switch between devices and use open WiFi, making their devices susceptible to online threats. Experts in cybersecurity are creating a methodology that will enable businesses to strengthen the storage of critical data by fusing hardware-based security with mobile software protection.
Increased Need for Data Protection Training for Employees
Organisation workers are particularly susceptible to phishing scams. Employee education is therefore essential since it will provide them with knowledge of how to spot network threats, which IT specialists can subsequently stop. Additionally, staff need to receive training on how to share private company information.
Multi-factor Authentication Process
Despite the fact that this has been shown to be very effective, there are countless ways for a cyber attack to succeed. To protect people, however, attempts are being made to create more complex authentication mechanisms, especially now that trading cryptocurrencies and conducting online banking transactions have become widely accessible. As a result, organisations anticipate that banks and other financial institutions will use application-based MFA to address these threats, like Google Authenticator and many others.
Acceleration Digitization and Remote Working
Through the embracement of digital technology in various industries, governments, and the nation as a whole, the UAE has deliberately positioned itself in recent years to become a leading nation in digital competitiveness. One of the government's efforts, Smart Dubai 2021, which comprises numerous campaigns, including the Paperless strategy, the Dubai Smart City Initiative, and the Dubai Blockchain strategy, has its main goal to be at the forefront of global digital innovation. In conclusion, the Dubai government plans to digitally revolutionise how the Emirate of Dubai is run and interacts with its inhabitants, for instance, through the use of disruptive technologies and digital transformation.
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