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Protection of Information Security Paints the Future of Modern Organizations



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October 10, 2021

As the organizations are stepping further into a future that is solely built of data, the existence of data police becomes more and more essential. If the matter of protecting information is not taken seriously, the companies will always be at risk of data breach and it would impact their operations. Most organizations appoint a team of information security to look after the security precautions and manage risks and solutions. The head of this team is the Chief Information Security Officer (CISO), who is the ultimate protector. The CISO’s roles and responsibilities include protecting people, assets, infrastructure, and technology. The CISO serves a critical role in assessing risk and acting in the best interest of the company in an effort to eliminate threats.

Hackers and malware are becoming increasingly sophisticated, creating rocky seas for anyone responsible for upholding security protocols. With this considered, it is critical to be able to motivate a team when facing adversity and challenges. That complexity is why AI technologies such as deep learning and machine learning have emerged as game-changing defensive weapons in the enterprise’s arsenal over the past three years. There is no other technology that can keep up. It has the ability to rapidly analyze billions of data points, and glean patterns to help a company act intelligently and instantaneously to neutralize many potential threats.

Currently, people can see unexpected coupling, like CISO and legal, because both positions intersect on data governance. The EU Artificial Intelligence Act lays the foundation for a sustainable digital economy, and the CISO will institute this data-driven future on trust. The cybersecurity market is continuing its stratospheric growth and hurtling towards the trillion-dollar mark that was originally predicted on May 31, 2017. In 2004, the global cybersecurity market was worth US$3.5 billion, and in 2017 it was expected to be worth more than US$120 billion. Cybersecurity ventures predict global spending on cybersecurity products and services will exceed US$1 trillion cumulatively over the five-year period from 2017 to 2021. Worldwide spending on information security. Products and services exceeded US$114 billion in 2018, an increase of 12.4 percent from 2017, according to Gartner, Inc. For 2019, they forecast the market to grow to US$124 billion, and US$170.4 billion in 2022.

IT analyst forecasts are unable to keep pace with the dramatic rise in cybercrime, the ransomware epidemic, the refocusing of malware from PCs and laptops to smartphones and mobile devices, the deployment of billions of under-protected Internet of Things (IoT) devices, the legions of hackers-for-hire, and the more sophisticated cyberattacks launching at businesses, governments, educational institutions, and consumers globally. It is likely that analyst firms will catch up with our projections by the end of this year and update the disproportionately low share of total IT spending which security is expected to account for over the next 5 years in their current reports. By 2020, it is expected that IT analysts covering cybersecurity will be predicting five-year spending forecasts (to 2025) at well over US$1 trillion.

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