Corporate Cybersecurity Trends for 2017

Cybersecurity has become such a burning issue for every company out there that no one is ignoring it anymore. Even smaller companies who thought they were safe just a year ago have realized that a new breed of hackers is targeting small-to-medium enterprises just as happily as huge corporations. Whereas 2016 has definitely been the year of ransomware, 2017 will feature its own trends that will shape the coming year when it comes to corporate cybersecurity.

1. Cybersecurity Spending Will Increase

This has been a trend that has been going on for quite a while now, but in 2017 and the following years, it will only become more pronounced. We are, of course, talking about increased spending on cybersecurity. With the proliferation of threats, companies are willing to spend much more on cybersecurity than ever before. There are reports which say that worldwide spending on cybersecurity will exceed $1 trillion in the period between 2017 and 2021. We would not be surprised if it were much more.

2. Everyone Will Become a Victim

Due to a number of reasons (one of which is definitely the rise in ransomware), no one will be safe in 2017 and beyond. We have already seen it this year, where everyone from hospitals to police departments to individual users and the tiniest e-commerce websites have been attacked by organized ransomware groups. Experts from a Sydney-based digital agency warn their clients about the importance of e-commerce security and other IT vendors are doing the same. Everyone is shoring up their defenses and with very good reasons.

3. Improvements to Cloud Security

As more and more companies are transitioning at least certain aspects of their operation to the cloud, cloud security is only going to become more and more important in 2017 and the years to come. This is especially true in the case of SaaS and IaaS companies that are talking more and more about multi-layer cloud security which should ease the minds of their customers. In any case, we definitely expect to see some serious leaps in cloud security in 2017.

4. Increased Role of Security Experts

Over the course of the last decade, we have seen many companies leaving their cybersecurity in the hands of specialized software solutions. Cybersecurity experts have been all but forgotten and ignored. However, as the threats are becoming more diverse and advanced, the need for human cybersecurity experts is on the rise. In 2017, this is a trend that we expect to see. Improvement in advanced threat detection is impossible with a human input and 2017 will definitely see cybersecurity experts finally get the recognition they deserve.

5. New Cybersecurity Legislation

Perhaps the most impactful trend that we expect to see in corporate cybersecurity in 2017 is the new set of cybersecurity legislation that a number of countries worldwide is expected to introduce next year. Over the next few years, starting with 2017, governments around the world will finalize the latest legislation which will determine what companies are required to do in order to protect their customers and clients. This should, in turn, improve the overall state of corporate cybersecurity.

6. More Big Data

Experts have been talking about the ways in which big data is supposed to revolutionize cybersecurity and certain steps have been made to introduce advanced data analysis in battling cyber threats. And while companies like IBM and Intel have been making steps towards making their data collection more comprehensive, there are still leaps to be made. In 2017, we predict that we will be seeing at least some of these leaps that should make it more difficult for hackers to compromise cybersecurity of corporate entities.

Dan Radak is a marketing professional with ten years of experience. He is currently working with a number of companies in the field of digital marketing, closely collaborating with a couple of e-commerce companies. He is also a coauthor on several technology websites and regular contributor to Technivorz.