Cybersecurity is an industry that demands constant innovation from IT experts to stay ahead of potential threats. Recently, there have been several breakthroughs in research and development which could lead to new technologies that revolutionize security in the future.
The unfortunate reality is that it's only a matter of time before we see another major cyber-attack or breach, and these new developments need to be implemented in response to such potential threats.
In 2020 alone, Australia’s Cyber Security received 436 threats from government agencies, and worldwide the damages from cybercrime are expected to hit $6 trillion by the end of 2021.
In this blog, we will look at several advancements in cybersecurity and what they could potentially mean for the future of modern cybersecurity.
1. Private Side-Channel Attacks
The first innovation comes from researchers at Princeton University, which is designed to prevent hackers from stealing data with a form of data scrambling that's called "data encryption" or "private side-channel attacks."
This will be particularly useful for securing sensitive data, such as medical records, since it doesn't rely on traditional encryption types, which certain techniques can break.
2. Filtering System: Privacy-Preserving
Another breakthrough is a filtering system that will help prevent hackers from getting in and disturbing the systems by keeping track of all the network communication data.
It works by scanning all data packets to ensure they are coming from legitimate sources and not random ones. This prevents outsiders from seeing and understanding the information being sent over the system and blocking out potential intrusions automatically by shutting down suspicious connections.
This groundbreaking innovation was created by researchers at Princeton University called "privacy-preserving.”
2. Blockchain Technology
The latest innovations in cybersecurity also include blockchain technology, which has already been adopted by industries such as banking, real estate, and insurance. Various companies also used it to conduct transactions using cryptocurrencies.
Blockchain is a secure, immutable, and transparent digital ledger of transactions that can be used, not only for cryptocurrency like Bitcoin but also for various other applications.
The technology that allows this is called a distributed database system that can record and store data across multiple sites to enable all participants to verify the data. The data can only be added by consensus between all the participants and cannot be deleted or altered retroactively.
These are just a few examples of many recent innovations in cybersecurity. Feel free to contact us if you want to know more about the current state of cybersecurity and learn about how you should improve yours.
At Lean Security, we offer premium cybersecurity services in Australia, including, but not limited to, web security assessment, penetration testing, and web vulnerability scans.