Cybersecurity Outlook/Predictions and Trends 2021

Updated: Jul 24

Cybersecurity has been one of the fastest growing tech fields of the 21st Century. Cybercrime has eclipsed illegal drugs as the most profitable illegal business in the world and as a result countries and organizations are investing in cybersecurity more than ever before. For workers and businesses this means that there is a big opportunity to make a lot of money for people that are able to take advantage of the situation. From a defence perspective, this means that companies need to invest in cybersecurity training, staff and solutions to make sure that they are safe from a growing number of cybersecurity threats. Here are our top predictions for cybersecurity trends in 2021 and beyond: A bigger employment deficit Unlike other fields where there is a rate of unemployment, cybersecurity globally has a deficit of workers. It’s one of the few fields where there’s actually more jobs than there are people to fill those positions. For people that are skilled and experienced within the fields this means you can expect to have zero unemployment and higher salaries than you would experience in a saturated market. According to the Center for Strategic & International Studies (CSIS) the global cybersecurity shortage is estimated to reach upwards of 1.8 million unfilled positions by 2022. An increase in phishing attacks

Phishing attacks continue to be one of the most popular attack vectors for hackers. Exploiting the human element of security is typically much more efficient than trying to circumvent a company’s technology solutions. 66% of malware that is installed is delivered through email attachments and upwards of 80% of all data breaches use some type of phishing as the attack vector. In Europe between 2019-2020 phishing attacks increased by 718%.

Source @ mailjet

More Compliance regulations

Regulations like PIPEDA, GDPR and CCPA have all contributed to making cybersecurity and data privacy a requirement rather than a nice to have for businesses. As Cybersecurity continues to get more attention in the media we can expect more countries and industries to develop their own compliance regulations, which will increase the commitment that businesses need to make to cybersecurity. One example of this is with China, which is in the early stages of creating their own personal data protection law.

Source @ varonis

Ransomware attacks

Ransomware is probably the single most profitable type of malware and this trend is likely to continue well into the future. In 2021 ransomware attacks are up 148% and they have become even more profitable for hackers. In today's environment where so many companies rely heavily on electronic data and a remote workforce that requires network access, most companies will be quick to pay a ransom.

Source @ malwarebytes

Cloud Computing Especially for smaller companies, leveraging cloud computing will continue to be a big factor in a company's cybersecurity posture. Many people tend to think that because their information or infrastructure is in the cloud it’s not their responsibility but that is not true. Regardless of what provider you choose, your business’s data is still your responsibility and you need to do your due diligence to make sure it is secure. Companies will need to figure out how to implement all of the standard security practices in a cloud environment such as making sure the software is patched, having reliable data backups or being in compliance with their regulations. As of 2020 94% of companies use cloud computing and this is not likely to change, so this will continue to be a challenge companies need to address. How to get more free content If you like this article and would like to read more of our content for cybersecurity insights, tips and tricks feel free to follow us on our social media. If you’re a struggling business owner who needs help in assessing their business’s cybersecurity posture feel free to take advantage of our free introductory assessment and we’ll help you figure out a game plan for keeping your company safe.