The Russians are messing with our elections. Hackers are stealing our personal information and taking our data hostage. Weirdos are using our baby monitors and other connected devices to enter our homes.
All that can make it seem that cybersecurity is a losing proposition. And, to be honest, nothing is completely secure. We all know that by now.
That said, there are many things we can do to make our communications, data, and networks more secure. Indeed, an end-to-end approach to ensure data security is something every organization should have in place.
That should start at the physical layer. That means bulk encrypting all data so bad actors can get at our data via fiber tapping.
Intrusion (News - Alert) detection is another important part of the security equation. This allows for fiber tapping detection and monitoring and maintenance.
Encrypting data at the edge is another option. And it can be done using virtualized security solutions.
Network channel security is also key. In this case, select ODU/OUT overhead and network management traffic is encrypted to protect it from hackers as it moves between various network nodes.
IDC (News - Alert) forecasts worldwide security spending will exceed $83 billion this year and hit $119.9 billion in 2021. Meanwhile, Cybersecurity Ventures believes global spending on cybersecurity will exceed $1 trillion by 2021. And CV predicts that cybercrime will cost businesses more than $6 trillion annually by 2021.
"Ever-changing security threats, fear of data breaches, and regulatory compliance will continue to drive security investments across all industries," said IDC’s Eileen Smith, program director, Customer Insights and Analysis. "On a global basis, banks, discrete manufacturers, and federal/central government agencies will spend the most on security products and services throughout the forecast. Combined, these three industries will contribute to 30% of the worldwide total spending in 2017."
Edited by Maurice Nagle