Cybersecurity Challenges to Be Aware of In the Next Four Years

Cybercriminals are estimated to create the need for 3.5 million new cybersecurity jobs next year, and with new technologies continuously opening up new opportunities for exploitation, we can only expect this number to continue to rise. The great news is, businesses are taking this seriously – the worldwide cybersecurity market is currently worth $217B in 2020, and estimated to grow to $345B by 2026. But how should you allocate your budget to make sure your business is adequately protected? Here’s what to expect for the future of cybersecurity in the next four years.

When too much data becomes dangerous

“Data is the new oil.” We’ve all heard this be touted around as the value of data continues to rise. With the adoption of IoT in our daily lives (both personal and professional), information and communication systems and physical infrastructure have become intertwined, causing the amount of data that has been collected to be in the zettabytes. But the combination of omnipresent sensors and constant connectivity causes alarm bells to ring when it comes to cybersecurity. 97% of IoT decision makers already have security concerns when connecting new assets, and as the amount of devices and data expands, so should the amount of concerns.