Envisioning the Next Generation Cybersecurity Practices

Next Generation Security Critical to Protect the Future of Businesses Across Industry Sectors

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Cybersecurity has been in constant focus of enterprises in the recent past, especially in light of the breaches and hacks that have occurred recently. Hackers and criminals are getting more and more sophisticated and are devising more complex attacks which can cause significant damage to the affected parties. Companies are adopting more advanced solutions to protect their vital assets against these attacks.While data security and device usage policies were a concern of security teams until now, they are now becoming a management concern with the implementation of BYOD (Bring Your Own Device) and IoT (Internet of Things). Cybersecurity budgets have been increasing globally among companies in every industry verti

Table of Contents

1.0 Executive Summary1.1 Research Scope1.2 Research Methodology1.3 Research Methodology Explained1.4 Key Findings2.0 Overview2.1 Easier Monetization From Cybercrime is Driving Criminals to Design and Deploy More Sophisticated Attacks 2.2 Enabling Flexibility and User Convenience Renders Enterprise IT Infrastructure More Susceptible to Cyber Attacks 2.3 Increasing Digitization Results in Significant Damages in Cases of Network Breach or Data Loss3.0 Drivers & Challenges3.1 Drivers and Challenges for Adoption of Best Practices in Cybersecurity4.0 Technologies Impacting the Future of Cybersecurity4.1 Behavioral Analytics Enabled By Big Data is Vital in Thwarting Access Control Frauds4.2 Big Data Has Enabled Automated Risk Management and Predictive Analytics4.3 Machine Learning Helps Security Teams Prioritize Corrective Actions and Automate Real-time Analysis of Multiple Variables4.4 ML-based Cybersecurity Solution Can Identify the Root Cause of the Attack and Automate the Process of Remediation4.5 Data Stored on Blockchain Cannot be Manipulated or Erased By Design4.6 The Cost of Breaching Blockchain-based Networks Dissuades Hackers From Performing Attacks5.0 Companies to Action5.1 Balbix’s Breach Avoidance Platform Leverages AI and ML to Provide Predictive Assessment of Breach Risk5.2 Armis Automates the Task of Discovering, Managing and Protecting Enterprise IoT Devices5.3 ForgeRock has Designed a Identity and Access Management Solution to Support Modern Businesses Adopting IoT & BYOD6.0 Considerations for Management Decision Making6.1 Negligence in Adhering to Security Directives Renders Advanced Security Controls Ineffective6.2 Stricter Regulatory Norms Globally Are Compelling Enterprises to Adopt Better Cybersecurity Practices7.0 Strategic Recommendations7.1 Number of Startups Coming Up in the Cybersecurity Space will Ultimately Lead the Market Toward Consolidation8.0 Industry Contacts8.1 Industry Contacts8.1 Industry Contacts (Continued)

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