To understand what next generation security may mean to us in the future, we must understand what it means today. Let’s boil the term security down. What are we trying to secure? Data, right? In today’s digital age, the evolution of 1’s and 0’s dominates the way we manage our lives, our finances, our businesses, and lately with the adoption of big data, we now allow the data to make decisions for us. Maintaining the integrity of the data, now ruling such a significant portion of our lives, could then be determined a top priority. We don’t want to go off making poor choices because we got the facts wrong. Ultimately, data security is simply the understanding and recognizing of the link between mastering data and protecting it.
According to an IDC survey conducted, “84% of US Consumers expressed concern regarding the security of their PII (personally identifiable information) and 70% told IDC that their concern is greater today than just a few years ago.”
IDC goes on to explain just how much demographics can play a factor in preconceived notions of data security. IDC finds that younger consumers, those aged 18-35, demonstrate a higher concern than the slightly older 36-50-year-old counterparts. So, we can see an uptick in a risk-adverse generation of users. These are the same consumers that will contribute to the adoption of new technology being pushed across all market sectors. It will be important for companies to maintain trust between those users and their data if they want to remain relevant.
More devices are connected to the Internet than ever before. From our smart phones to our smart watches and fitness apps, to our smart homes, the rising phenomenon of the Internet of Things proposes security concerns alone. Per a new report from the Ponemon Institute, IBM, and Arxan, a staggering 80% of IoT applications and 71% of mobile applications are not tested for vulnerabilities raising more concerns for data security.
A new dawn is rising and the transformation of the digital landscape is changing. With new technology comes new threats, next generation data security will look to evolve from a data-centric solution to an extended, distributed networking solution which leverages many endpoints, multi-layer authentication, data tokenization, masking, and data loss prevention. We are already starting to see the expansion of this platform in financial industries with the increased adoption of Blockchain technology.
As the technology learns to advance, so will the rise of the cybersecurity professional. Job postings in the cybersecurity field have increased over the past 5 years, up 74%.
Digital transformation efforts are underway at most companies looking to deliver more value to their customers, but it does not come without the next generation costs to rise against new data security challenges presented.