Cybercrime costs more than $ 1 trillion a year: it is three times more than the costs of natural disasters and a significant increase in the cost of cybercrime of $ 600 billion globally in 2018, which was already 0.8 percent of global GDP and $ 500 billion in 2014, according to the Ponemon Institute and Accenture.
With the average cost of a data breach for a business totaling $ 4 million, cyber security is no longer an option. It is an operational imperative . Microsoft invests more than $ 1 billion annually to combat cybercrime, has more than 3,500 security professionals working in this space, and analyzes more than 8.2 trillion signals every day to protect email, identities, applications, infrastructure and plus.
“ Cybersecurity is the central issue of our time, and at Microsoft we believe that we have a unique responsibility to protect and secure our customers . It is an obligation that we accept, ”said Glaucia Faria Young, Director, Partner, Software Engineering. “The critical role of technology in security is empowering the people at the forefront of cyber defense to stay one step ahead of well-funded and well-organized adversaries. We are building technology to empower those who are on the front line. “
In 2020, Microsoft believes that there are five key trends that will shape the cybersecurity industry in the coming year.”Our unique insights into the threat landscape give us insight into what is happening today, and where things are going,” Young said.
Key Trends For 2020:
- Adversaries will increasingly use artificial intelligence to make malware more destructive: increased AI capabilities provide new opportunities for attackers to create malware that hides from detection while pursuing targets. Industry experts believe that AI malware is already in use, but it often goes undetected.
- Protecting supply chains will accelerate industry collaboration – the growth of mobile devices and IoT will give way to even more complex supply chains as we embrace technologies like autonomous machines. By 2022, more than 50 percent of the data generated by the company will be created and processed outside the data center or the cloud. Attackers are already looking for loopholes in defenses like outdated software, insecure devices, and default administrator accounts.
- The public cloud becomes a security imperative: As attackers continue to develop new tools and techniques, traditional methods such as phishing remain effective, as few have the resources to implement security best practices, such as enabling MFA. IT departments are tasked with providing end users with better mobility and productivity without the friction associated with traditional security solutions.
- Zero Trust Based Identity Rise = Password Death: This year alone, more than 4 billion records have already been exposed due to data breaches (according to Risk Based Security: The 2019 MidYearData BreachQuickViewReport). Poorly protected accounts and identities remain the weak link – by 2025 it is estimated that there will be more than 160 Zettabytes of data. AI-based malware and the complexity of supply chains will continue to overwhelm traditional perimeter-based security models.
- Increased national state activity + political and social disruptions: Microsoft’s Threat Intelligence Center is aware of more than 110 Activity Groups engaged in malicious cyber activities around the world. Adversaries continue to target political campaigns with phishing attacks, and social platforms remain the main sources of disinformation campaigns.
Microsoft claims that the success of threats and developments in cyberattacks will only come to counter these malicious attacks through best practices, advanced technology, and true collaboration locally and globally.