Running a business using the most advanced technology and terrified about the increasing incidents of cybercrimes. As most of the business practices are getting digitized, it has created a sea change in the entire scenario. But, this approach runs the risk of exposing confidential information of your clients. The advancement of technology has become convenient for hackers to crack into the system, using the latest techniques, and create new incidences of cybercrimes. Maintaining valid cyber insurance can save a lot of your obligations following the crime.

The Necessity for Adopting the Latest Cyber Security Technologies

The worldwide pandemic outbreak has compelled us to resort to digital modes for the last two years. This has severely impacted our lives and the instances of cyberattacks have also become much more intense. Cyberattacks have always existed, but their current nature has turned much more grave and powerful.

1. Changed targets of attacks:

The targets of cyber crimes have changed over the years and have become much more sinister than only extraction of confidential information, quick money or vengeance. It has been elevated to the state of cyber warfare. Presently, all the nuclear power plants, utility services, airports, and healthcare facilities are connected to a specialized network. This is increasing with every passing day, thereby, creating more probable targets.

2. Advanced cyber threats:

Cybercriminals are getting more advanced and grave with time. Each hacker possesses a top-grade technical prowess and is a computer science professional of the highest grade. As technologies are getting advanced to block cyber threats, so are the nature of attacks.

3. Critical aftermath:

All the critical infrastructure is connected to a single frame network, possessing a worldwide expanse. All the important businesses store their confidential data digitally and are largely dependent on the system. Under such circumstances, even the smallest security breach can jeopardize their position.

4. A critical shift in the cyber attacking nature:

If any of the public utility infrastructures gets hacked it will lead to extreme public inconvenience, heavy regulatory penalties, loss of revenue, severe reputational damage and tremendous cost of restoration and upgrading the cyber security system measures.

Top 5 Latest Cyber Security Measures

Under the current circumstances, cyber warfare carries the biggest threat to advancing technologies. We have experienced malware and ransomware attacks on business enterprises on a much smaller grade. We have to remember that there is not a single protective measure that can be considered 100% foolproof. We have to keep ourselves upgraded with the advancing technologies to keep pace with time. Some of the most advanced cyber security technologies of the time include the following:

1. Deep learning and artificial intelligence:

Artificial intelligence is the current market trend. Have you ever wondered how can it affect and improve cyber security? Of course, the method of such an application is quite similar to the working strategy of the two-factor authentication system. It works on the user’s identity confirmation on the basis of multiple parameters. Such parameters are designed on the basis of their knowledge and possession. Adding to such layers of authentication and information, AI enters the scene.

Deep learning is used for analyzing the data like real-time communications, logs, and transactions, detecting unwarranted activities and threats.

2. Behavioural analytics:

This is the biggest target for social media and several online advertisements for the correct set of target audiences. Cyber security technology is increasingly exploring behaviour analytics for even further development of the systems. The system identifies the patterns in a particular system and/or network activities for detecting real-time and plausible cyber threats. Although behavioural analytics is generally used for networks, its system application and application on user devices are considered as surging.

3. Embedded hardware authentication:

A password and PIN are no longer considered to be enough hardware protection. Embedded authenticators are developing advanced technologies for the verification of the identity of the concerned user. The sixth-generation vPro chips deserve a special mention in this context for its groundbreaking entry. Here, the authentication chips remain embedded within the hardware itself, ideally revolutionizing the “authentication security”. It successfully employs several levels and authentication techniques working in sync with each other.

4. Blockchain cybersecurity:

This is one of the most advanced in the genre and is gaining rapid popularity. His system works based on the successful identification of two transacting parties. Similarly, blockchain systems also function based on the system’s peer-to-peer network fundamentals. Each member in the blockchain system holds the responsibility for verification of the authenticity of the newly added data. Moreover, it forms a nearly impenetrable network for hackers to break into and offers almost foolproof security and protection. Artificial intelligence is capable of establishing a strong verification system for keeping potential cyber threats away.

5. Zero-trust model:

As the name goes, this essential cyber security model is framed based on considering an already compromised network. With the belief that any particular network cannot be trusted, one must enhance both “external” and “internal” securities. The game here lies that both the external and internal networks are prone to compromise and need similar levels of protection. It includes the proper identification of critical business data, mapping of the data flow, physical and logical segmentation, policy controlling and enforcement using constant monitoring and automation.

Resource : https://www.hdfcergo.com/blogs/cyber-insurance/5-most-advanced-cyber-security-technology-to-aid-your-business