Bulking Up On Internet Security Now Can Save Your Business Later

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Predictions For Future Of Internet Security, Safety Grim As Attack Rates Rise

A 2013 study estimated that the cost of cybercrime last year escalated 78%, with an average cost of $1 million to resolve an attack. Many concerns are raised as predictions indicate that cybercrime will continue to increase in the near future.

Analysts foresee major breaches on a regular basis, and increasing incidences of identity theft, as well as privacy issues in years to come.

Causes for Concern

Businesses are now using the cloud more often, which can increase their vulnerability to attacks from outside sources.

According to PCWorld it is estimated that 70% of CIOs will increase their use of cloud computing in order to lower costs. In addition, predictions state that because of these increased exposures, CIO budgets will not be large enough to fund threat assessments, leaving companies even more open to threat.

SEE ALSO: Three Sides To Data Security

Another growing concern is that you may need to be on the outlook for new evasion techniques that are geared toward apps you use on  your smartphone.

Trend Micro, an anti-virus leader, suggests that 2014 could bring “more than 3 million malicious or high-risk Android apps, more man-in-the-middle attacks on mobile banking activities, and the end of support—and security updates—for the still-popular Windows XP operating system.”

McAfee Labs released a security threat report stating that users need to be concerned with attacks on social media platforms as well. These attacks will threaten your personal privacy as they target your private information stored on these platforms.

Course of Action

While it is currently impossible to anticipate and ward off all internet security issues, some companies are trying to discover new ways to increase security. Many organizations, including the US government, plan to increase security budgets this year.

Businesses should develop ways in which to communicate with other businesses, as well as customers, about threats in order to help stay ahead of a breach.

While there seems to be very little progress so far this year, IT and security personnel are turning their focus toward the most  vulnerable areas, in an effort to offer more protection.

Protect Yourself

It is possible you’ve heard it all before, but many of the internet security sites still stand by several basic rules you should follow in order to protect yourself while using the internet. Make sure you have a strong, hard-to-guess password that is different for every account as it is still considered one way to increase the security of your online activity.

Moreover, you shoud utilize the two-factor authentication that Google, Yahoo, and several other services provide. You can also protect your computer and browser from threats by making sure you keep your anti-virus and spyware program up to date with the latest security technology. One other way to protect yourself is to be sure you pay attention to the links you are clicking, and avoid any that look suspicious.

SEE ALSO: Two-Factor Authorization Offers Businesses Better Security

The grim reality is there is no such thing as 100% protection against cybercrime. In fact, many anti-virus providers are more reactionary than proactive. That doesn’t take away from the fact that you should still do what you can to keep your data secure.

An increase in cybercrime and the development of new evasion techniques appears to indicate that Internet security will continue to get worse in the near future. Keeping in mind ways to protect yourself, and staying up-to-date on new technology is all you can do.

RELATED: Confronting the Challenge of User Access Management In the Cloud

Image: iStockphoto

About The Author

Katrina Manning is staff writer for Sweet Lemon Magazine, Udemy and Personal Finance Hub. Her writing and editing services have been in demand for the last five years, and she has contributed to a variety of websites and publications. Additionally, Katrina makes it her goal to provide a newsworthy, informative and enjoyable read.