On top of two-factor authentication, AI may offer extra levels of information and authentication. Deep learning, for example, may be used to detect undesired activities or threats by analysing data such as logs, real-time communication, or transactions.
Cybercrime was a major threat even before the pandemic, and as the globe grew increasingly digital, cyber scams increased dramatically. Given the tremendous rise in cyber fraud, it’s critical to consider what might be done to make the internet safer in the post-pandemic period.
Employees working remotely, rapidly embracing new technology, and weakening monitoring and controls have all exacerbated the vulnerabilities that hackers may attack. Individuals and businesses become increasingly vulnerable to cyber fraud as a result of each of these pandemic-related developments.
Cybercrime is a serious problem, and large resources must be spent to combating it, because cybercriminals have the same level of technological sophistication as their cybersecurity counterparts. Cybersecurity professionals and cybercriminals nowadays share comparable skillsets and employ similar technology. They are used by cybersecurity experts to prevent cyberattacks and by hackers to carry out assaults.
Furthermore, the difficulty faced by cybercriminals is exacerbated by a scarcity of cybersecurity personnel. According to the ISC2 – Cybersecurity-Workforce-Study-2020, the globe needs an extra million cybersecurity employees, with the APAC region needing 2.05 million.
Technology can assist in addressing the deficit as well as combating cybercrime. Artificial intelligence (AI), machine learning (ML), and blockchain, among other new generation technologies, can help avoid cyber crime and make ecosystems safe and secure for consumers and enterprises.
Artificial intelligence has a wide range of applications in the battle against cybercrime. Strengthening two-factor authentication, which employs criteria that validate users’ identities based on something the person knows, is, or possesses, is one of the ways AI may prevent cybercrime. On top of two-factor authentication, AI may offer extra levels of information and authentication. Deep learning, for example, may be used to detect undesired activities or threats by analysing data such as logs, real-time, or transactions.
In the hands of cybersecurity specialists, blockchain technology is one of the most potent weapons available. All data on a blockchain is validated by every blockchain member, based on peer-to-peer network characteristics. As a result, a blockchain establishes a nearly impenetrable network that is nearly hard to hack.
Finally, firms that use the zero-trust paradigm will reduce their cybercrime risk. As the name implies, zero-trust is a type of cybersecurity. As the name implies, zero-trust is a cybersecurity approach predicated on the assumption that a network has already been infiltrated. According to a recent Cisco poll, the prominence of the zero-trust paradigm has lately risen in India. According to the report, a large proportion of professionals believe their cybersecurity infrastructure is unreliable and complicated. Nine out of 10 respondents stated their company was using a zero-trust strategy to make it more secure.
Despite these tools and processes, no one organisation or government is able to… The key to building a safe and secure online world is education and awareness. As a result, the government and business must collaborate to raise awareness of. As a result, the government and business must collaborate to raise awareness of.
Even the most advanced cyber protection systems are vulnerable nowadays. As a result, businesses that have a well-practiced assault strategy in place have the most effective defence. During the epidemic, the battle between cybersecurity specialists and cybercriminals has reached a fever pitch.
Despite the fact that cybersecurity specialists have more resources, the threat presented by the other side is nevertheless strong – especially when it is supported by a state.
Cybersecurity teams will have to adapt to keep cybercriminals at bay in the post-pandemic era, when people opt for a hybrid work paradigm or continue working from home, and IT infrastructure becomes more spread. Businesses must assess which cyber controls to keep and which to retire as they recover from COVID-19, as well as chances to innovate and…and update how cyber fraud and compliance operations work. Integrating cyber and updating the way cyber fraud and compliance operations are carried out. It will be a challenge to integrate cyber and fraud processes across consumer and business contexts. key component of a “New Reality” plan, and will aid in the formation of an effective long-term strategy for the management of cyber and financial crime, insider threat, and other.