Cybersecurity: Emerging Trends and Challenges

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Cybersecurity Emerging Trends and
Challenges Date September 2021
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INTRODUCTION

• The cyberspace is extremely dynamic and
  experiences quick changes and transformations in
  the interconnected landscape. As a result, new
  trends and challenges emerge quite regularly.
• Covid-19 has escalated the threats and issues. We
  will have a look into some of these aspects.

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Malware
Phishing
IoT-Based Attacks
Man-in-the-middle attack (MITM)
Most Common Cyber Security Incidents in India
AI-Powered Attacks
Distributed Denial-of-Service (DDoS) attack
Eavesdropping attack
SQL Injection
Password Attack
Zero-Day Exploit
Cross-site scripting (XSS) attacks
DNS Tunnelling
Drive-by Attack
Business Email Compromise (BEC)
Cryptojacking
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REMOTE WORKING

• The pandemic has forced many organizations to
  adopt remote working. That has enabled
  organizations to carry out their business as
  usual. However, employees positioned at different
  locations and a decentralized security system are
  ideal conditions for bad actors to swoop in and
  take advantage.

Source CERT-In
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4-Year Comparative Study on Cyber Attacks in India
Cybersecurity Incidents in India Jan to June,
2021 607,220 2020 1,158,208 2019 394,499 2018
208,456
Source CERT-In
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CLOUD COMPUTING

• Another implication of remote working is the
  growing adoption of cloud services and
  architecture by organizations to facilitate
  employees working from home. But, cloud security
  is still circumspect and is a cause of concern
  for the IT teams.
• Surveys have revealed that approximately 8 out of
  10 cybersecurity professionals remain worried
  about cloud security.

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IOT DEVICES

• Internet of Things (IoT) devices have grown in
  numbers and significance dramatically. The
  tremendous ease of access to information, quick
  data sharing and extremely low accountability are
  making them vulnerable in the realm of
  cybersecurity.
• There are over 10 billion connected IoT devices
  right now. The number is estimated to reach 22
  billion by 2025.

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RANSOMWARE AND PHISHING ATTACKS

• The Phishing Insights 2021 report by Sophos
  reveals that employees of 83 Indian companies
  encountered increased Phishing emails in 2020.
  This has been the case across the globe with
  sophisticated spear phishing on the rise. Also on
  the rise are Ransomware attacks, forcing
  companies to pay millions to prevent their data
  getting leaked. A report by Purplesec estimates
  that a business will fall victim to a ransomware
  attack every 14 seconds.

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AUTOMATION AND REAL-TIME MONITORING

• The multiplying rate of cyberattacks has made it
  almost impossible for human beings to deal with
  it alone. Therefore, organizations are
  implementing solutions with greater automation
  efficiency and real-time network detection and
  response capabilities. This helps in achieving
  comprehensive visibility and also boosts
  detection of latent threats.

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ZERO-TRUST NETWORK SECURITY

• Zero Trust is a security model which counters the
  age-old assumption that anything inside the
  network perimeter can be trusted by default. Zero
  Trust attempts to remove the word Trust from the
  lexicon of network architecture.
• Zero Trust is based on the principle of
  maintaining strict access control and not
  trusting anyone by default, even those already
  inside the perimeter.

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SKILL GAP

• The demand for people with cybersecurity
  expertise has risen by 18 to 20 percent in the
  last few months, according to TeamLease Digital.
  But, organizations in India are struggling to
  find the right people. This is quite worrisome,
  especially at a time when cybersecurity incidents
  are proliferating. The problem needs to be dealt
  with as quickly as possible and steps taken to
  carry out business in a more secure environment.

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Thank you!
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