Unpacking the State of Cybersecurity in 2022

The world of cybersecurity is always changing and its very nature means that if you’re not keeping up with the cutting-edge, you’re falling behind. As we settle into 2022, let’s look at some of the key cybersecurity trends that you should be keeping an eye on this year:

· Increased prioritization of cybersecurity initiatives. It feels like the industry is really coming into its own and the importance of a robust cybersecurity framework for organizations is not a debate anymore. Companies are prioritizing cybersecurity as a key component of their overall technology strategy and they are increasing their budgets and resourcing as a result. This is mostly due to an increased appreciation for the value of company data and a more nuanced understanding of the financial and reputational risk of getting it wrong.

· More education for staff members. It's widely recognized that the greatest weakness of any cybersecurity plan is always going to be the human element. As a result, we’re seeing a significant increase in cybersecurity education that aims to immunize and teach people about the latest cybersecurity topics on a more regular basis. This should serve to level up the industry and help organizations empower their people to be the first line of defense.

· Two-Factor Authentication. One of the lowest hanging fruits when it comes to securing your data is to use some form of two-factor authentication. This simple technique solves a lot of the basic cybersecurity concerns and that’s why we’re seeing it playing a much larger role than it ever has before. It’s not a panacea, but it goes a long way to improving our overall security ecosystem.

· Ransomware is on the rise. More and more people are finding themselves the victims of ransomware that aims to extract money from individuals or companies by holding their data to ransom. This trend has accelerated in the time of remote working because so many more people are interacting online without the requisite security and/or training thereon. In addition, the advancements in cryptocurrency have made these transactions harder to trace and easier to pull off.

· Cyber warfare is on the rise. Its long been expected that cyber warfare would become the dominant force in geopolitical conflicts and that seems to be playing itself out. As such, cybersecurity is becoming an issue of national security – lending more credence to the industry and requiring more talent and investment across every stage of the value chain. This is not likely to slow down and political actors of all types need to be paying very serious attention to what’s happening in the space.

These five trends point towards an industry that is expanding at a rapid rate, as the world changes beneath it. This is not something that can be ignored anymore but is quickly becoming a core component of everything that we do.

Only time will tell what the rest of the year will bring, but it’s safe to say that cybersecurity continues to be one of the most important things we have to get right as a society.

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