Similarly, quantum computing is moving from science fiction to reality faster than mobile telephony did. Quantum computing not only has the potential for enormous value creation in certain use cases, but it also has the potential to obliterate many of the established forms of practical cryptography currently used in business environments to secure data and transactions. Companies concerned with data security must start preparing for what is called "post quantum cryptography" or encryption methods that do not rely on popular and common public-key algorithms that can be efficiently broken by quantum computers. Boards much ensure that their managers have their backing to experiment with these new methods to ensure future security.
Cybersecurity strategy doesn't have to be a gamble, but trying to beat the odds of a breach is an ... [ ] impossible task. There is no denying that cybersecurity should form a key part of any business strategy, so why do high-profile data breaches keep occurring? A lot has been written about how such attacks are becoming the norm, but reconciling the risks of an attack with an appropriate business strategy remains a significant challenge. While larger enterprises are indeed getting far more vigilant and taking measures to mitigate the chance of a breach, humans remain the biggest threat to even the most comprehensive cybersecurity strategy. A new report aims to shine a light on how and why business leaders are caught off guard by such attacks, looking at how business leaders can be made aware of the risks of a destructive breach and the damage that can be caused.
See more at CybersecurityVentures.com - There will be 3.5 million unfilled cybersecurity jobs by 2021 -- enough to fill 50 NFL stadiums -- according to Cybersecurity Ventures. This is up from Cisco's previous estimation of 1 million cybersecurity openings in 2014. The cybersecurity unemployment rate is at zero percent in 2019, where it's been since 2011. Cybersecurity Ventures predicts that cybercrime damages will cost the world $6 trillion annually by 2021 – exponentially more than the damage inflicted from natural disasters in a year, and more profitable than the global trade of all major illegal drugs combined. Ransomware damage costs are predicted to be 57X more in 2021 than they were in 2015.