In order to remain protected in the cyber arms race, organizations must use every tool in their security toolbox, especially technology that provides the necessary visibility to improve the security position of an organization. In 2018, device manufacturers learned to appreciate the value that security brings to their brands and its impact on their sales, while customers, specifically business users, began to use their wallets power to demand safety in the products they purchase.
Security of information is crucial to protecting all information of an organization that is needed to run their business. The security of information performs four important applications for an organization: protects the ability of the organization to function, enables the safe operation of applications implemented on IT systems of the organization, protects the data collected by the organization, and protects the technology asset in future.
Several internet service providers are moving toward distributed architecture to prevent theft of data, which drives the market for security solutions at the endpoint. Web interactions and peer-to-peer use cause most cyber attacks on endpoints. Since these threats target specific systems, it is difficult to detect and eliminate threats at the network level. Therefore, many end users adopt endpoint security systems to detect these threats. The growing need for compliance among financial and government organizations also forces users to adopt endpoint security solutions.
According to Datto, Ransomware is still the leading cyber attack faced by SMBs on viruses and spyware. In their report, 2,400 MSPs were surveyed to support the IT needs of almost half a million SMBs worldwide. In the first half of 2018, SonicWall shows ransomware attacks. To date, 181.5 million ransomware attacks have occurred. This represents a 229 percent increase over the same period in 2017.
In order to reduce IoT cybercrime, their profitability must also be reduced. However, the solution is not at the company or user level. It must lie with connected device manufacturers. Only when these manufacturers start to build truly secure products according to standardization guidelines and best practices will industries witness a minimal cybercrime.