With major cyberattacks becoming increasingly common over the last few years, it’s no surprise that ensuring enterprise security has become a strategic imperative for organizations. To add to that, the EU’s General Data Protection Regulation (GDPR) — which came into effect since May 2018 — states that non-compliance will invite a maximum penalty per violation of either €20 million, or up to 4 percent of an organization’s annual revenue, whichever is higher. Organizations as well as service providers are working in unison to avoid these challenges. The industry landscape is changing and several trends are emerging when it comes to organizations as well as service providers. We list some of them here:
Implementing the Zero-Trust Model
Organizations are planning to implement the security approach known as Zero Trust. Under the Zero-Trust security model, organizations do not automatically trust anything inside or outside their perimeters, and instead verify anything and everything trying to connect to their systems before granting access. Zero Trust is gaining traction, as remote employees increasingly need access to corporate systems and data — and that from different devices including smartphones, laptops, tablets and ad hoc browsers. However, rolling out the ‘Zero Trust’ model may prove to be challenging, especially for companies with legacy networks, and may pose as a barrier to employee productivity and customer engagement.
Organizations Using Automated Threat Detection
Companies are focusing on proactive and predictive threat detection and analysis using intelligent and automated threat-seekers. These threat-seekers continuously scan the company’s environment for any changes that might indicate a potential threat. Companies are taking the help of deep learning techniques, analytics, artificial intelligence and deception technology for automated threat detection. Deception technology works by generating traps or deception decoys that mimic legitimate technology assets throughout the infrastructure, making it mathematically impossible for cybercriminals to gain access to a legitimate set of user identities. They also allow enterprises to determine exactly how the cybercriminals gained access to the network, and to analyze their subsequent pattern of attack.
Reducing Pricing of Security Products
With service providers striving to provide advanced security solutions and customers not settling for anything less, the difference between security products is diminishing. As security products are becoming more standardized, the prices are also decreasing. This might be bad news for the suppliers, but not for the companies that use their products.
Deployment of Endpoint Detection and Response
As breaches continue to occur, more organizations are looking at EDR (endpoint detection and response) solutions to address incidents. EDR provides continuous monitoring of access points and a direct response to advanced threats. It focuses on detecting events at the point of entry, containing the incident there, to prevent further breach.
Cloud-Based Security Services Gaining Traction
There is an increased demand for cloud-based security services as they are platform-delivered, flexible and scalable. Enterprises are preferring to abstract security operations from the traditional concepts of on-premises, data center and virtual environments, as they feel that cloud deployment will minimize both the required upfront capital costs as well as maintenance and personnel costs to achieve the same task. As the trend toward FaaS (Function-as-a-Service) and serverless computing models gains popularity, there will be an increase in the demand for and reliance on cloud providers to deliver advanced security solutions.