Predictive Analytics Are The Future For Cyber Security

Cyber security experts and analysts are constantly developing new methods in the changing IT security landscape. Recently damages from fast growing cyber crime have reached around $6 trillion every year. However, there is a lack of transparency in data breach awareness at the organisational level and if it continues, it could lead to a  significant impact on individuals. 

Today, predictive analytics is a key discipline in the field of data analytics, an umbrella term for the use of quantitative methods and expert knowledge, to derive meaning from data and answer fundamental questions about a business, the weather, healthcare, scientific research and other areas of inquiry. 

In the context of businesses, that process is often referred to as business analytics and it can be very effectively applied to cyber security.

The Data Breach Challenge

Last year, roughly 281.5 million people were affected by some kind of data breach, so it was a busy year for cyber criminals. Malicious attacks cost significantly more than data breaches resulting from glitches, human error, or negligence. Cyber security attacks are a serious threat to all businesses and charities. Their frequency isn’t going down and phishing remains the most common breach.

Organisations need a strategy to protect themselves, their customers, and their data from growing cyber security threats. 

The  EU GDPR stipulates that personal data must be processed using appropriate technical and organisational measures. It doesn’t specify a set of cyber security measures but expects the organisation to take action to manage risk. The GDPR has encouraged and, in some cases compelled, some organisations to engage with cyber security for the very first time. The threat of financial penalties and the resulting reputational damage has prompted action. A significant example is British Airways, who had £183m fine issued by the British Information Commissioner’s Office following a major breach which affected more than 400,000 customers

According to DataBreachesClaims.org.uk the amount of data breach compensation under UK laws is significant, but it depends on the nature of the breach and the impact it has had. Not only have organisations increased their prioritisation of cybersecurity, but also their spending in this area. 

  • The GDPR has successfully prompted improvements in cyber risk management in the context of regulation. Curiously, the GDPR hasn’t impacted all organisations evenly. To be more precise, the finance and insurance industry was more likely to have made positive changes so as to boost cyber security. 
  • The GDPR has had a more significant effect on organisations that provide public services in industries such as arts, entertainment, retail, education, health, and public administration. An individual person can sue for a GDPR breach. Additionally, supply-chain organisations were more likely to have made changes in terms of enhancing their cyber security capacity and capability as a result of the GDPR.  

There are no signs that cyber security activity will slow down any time soon. Inmnay cases, Data security experts and compliance professionals rely on legacy methods, which aren’t effective in protecting against modern-day attacks. The best way to deal with cyber criminals is to 'think out of the box'. Put simply, organisations need to understand their mindsets and tactics. Companies such as Microsoft and Meta have hired ethical hackers and specialist Pen Testing firms.  Regardless of how competent the IT department is, it can’t do everything itself. 

Predictive Analytics

Predictive analysis is gaining momentum in every industry, enabling organisations to streamline the way they do business. Predictive analytics is a key discipline in the field of data analytics, an umbrella term for the use of quantitative methods and expert knowledge to derive meaning from data and answer fundamental questions about a business, the weather, healthcare, scientific research and other areas of inquiry. In the context of businesses, the main focus here, that process is often referred to as business analytics.

Predictive analytics tells them where threat actors tried to attack in the past, so it helps to see where they’ll strike next. 

The conventional approach to fighting cybercrime is collecting data about malware, data breaches, phishing campaigns, and so on. Relevant information is extracted from those signatures. By signatures, it’s meant a one-of-a-kind arrangement of information that can be used to identify a cyber criminal’s attempt to exploit an operating system or an app’s vulnerability. 

Even the most experienced cyber professionals agree that it’s impossible to prevent every data breach. It’s not possible to stop determined attackers from getting into systems, and that’s because they’re too sophisticated. 
The sooner organisational leaders can accept this reality, the better.

It’s best to assume that data breaches are unavoidable and set up cyber defences to minimise damage. Preparing for the inevitable through a checklist can help fight the invisible enemy.

More and more companies are investing in machine learning, neural networks, deep learning, and artificial intelligence algorithms. These technologies have brought a great deal of innovation to various industries, such as healthcare, transportation, filmmaking, and many others. They are also improving cybersecurity solutions.
The need for predictive analytics is arguably more critical than it's ever been.

Predictive analytics gives businesses a leg up by looking for meaningful patterns in this cumulative data, then building models that forecast what will likely happen in the future.

Data scientists use predictive models to look for correlations between different data elements in website clickstream data, patient health records and other types of data sets. Once the data collection has occurred, a statistical model is formulated, trained and modified as needed to produce accurate results. The model is then run against the selected data to generate predictions.

A wide range of tools are presently being used in predictive modelling and analytics. AWS, Google, IBM, Microsoft, SAP, SAS Institute and many other software vendors offer predictive analytics tools and related technologies supporting machine learning and deep learning applications.

Cybercrime is more sophisticated than ever before, and organisations have to move faster - they should stop making excuses and ensure that basic cyber security goes up. 

Techtarget:    FastCompany:     Techcrunch:     FieldEffect:    CaptechUBusiness Cloud:    Analytics Insight

You Might Also Read:  

No-Code AI Can Speed Up Business:

 

« Five Eyes Warn Of Russian Cyber Attacks
Find Your Security Vulnerability Before Hackers Do »

ManageEngine
CyberSecurity Jobsite
Check Point

Directory of Suppliers

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

Tines

Tines

The Tines security automation platform helps security teams automate manual tasks, making them more effective and efficient.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

Caliber Security Partners

Caliber Security Partners

Caliber Security Partners is a full-service information security company, with a wide range of security services for clients with varying levels of security maturity.

AvePoint

AvePoint

AvePoint is an established leader in enterprise-class data management, governance, and compliance software solutions.

NTNU Center for Cyber & Information Security (NTNU CCIS)

NTNU Center for Cyber & Information Security (NTNU CCIS)

NTNU CCIS is a national centre for research, education, testing, training and competence development within the area of cyber and information security.

SQNetworks

SQNetworks

SQNetworks provides a full range of cybersecurity consultancy, services and solutions.

United Security Providers

United Security Providers

United Security Providers is a leading specialist in information security, protecting IT infrastructures and applications for companies with high demands on security.

CLDigital

CLDigital

CLDigital's no-code risk and resilience platform, CL360, provides leaders with risk and resilience data to make strategic and tactical continuity decisions.

Computest

Computest

Computest security testing services include Mobile app security, Vulnerability assessments, Attack & penetration testing, Security awareness training, Network security assessments.

Telelogos

Telelogos

Telelogos is a European provider of Enterprise Mobility Management software, Digital Signage software and Data Transfer and Synchronization software.

ECOMPLY

ECOMPLY

ECOMPLY is an all-in-one GDPR Compliance Solution. Efficient data protection management system for businesses and DPOsomply.

Business Hive Vilnius (BHV)

Business Hive Vilnius (BHV)

BHV is one of the oldest startup incubator and technology hubs in the Baltics, primarily focused on hardware, security, blockchain, AI, fintech and enterprise software.

Ascent Cyber

Ascent Cyber

Ascent Cyber provide simple and stress-free solutions to protect your business and its customers from the worries and costs of cybercrime.

Plex IT

Plex IT

Plex IT provides managed IT services to organisations along with managed security services.

Indian Cyber Security Solutions (ICSS)

Indian Cyber Security Solutions (ICSS)

Indian Cyber Security Solutions is an Enterprise Cyber Security Platforms company offering Cyber Security & Technical Education and Compliance & Penetration Testing Services.

Insurica

Insurica

INSURICA is a full-service insurance agency built upon a tradition of integrity, industry leadership, and excellence.

Proaxiom

Proaxiom

Proaxiom are focused on erasing cyber driven panic paralysis for Small and Medium Enterprises through brilliant cyber technologies which drive productivity and support growth.

Advanced IT

Advanced IT

Reliable managed IT Security & support services that will help you take your business operations to the next level without breaking the bank!