The global enterprise losses caused by cyberattacks number into the billions, and this number continues to grow every year. According to CSO Online, the average U.S. company suffered losses of $1.3 million for each cyberattack in 2017.
Those steep losses are driving rapid transformation of enterprise cybersecurity. Most businesses recognize that mobile device management software is a core component of any serious security front, but additional measures are required to provide as much security as possible. Here are some of the top trends seen among businesses in 2018.
With so many mobile devices existing in the enterprise environment, businesses should strongly consider the use of two-factor authorization to verify user identities and prevent unauthorized access.
Two-factor authentication is widely available with mobile device management solutions, and as a supplemental security feature. As it becomes more common for routine consumer products like banking and healthcare technologies, your employees will be familiar with the technology and more amenable to the added layer of protection.
Behavior Analytics to Identify Risk
According to Tech Target, user behavior analytics employs machine learning, data science, and statistical modeling to identify irregular behavior on devices that may indicate a security risk.
Today’s mobile device management solutions are increasingly turning to behavior analytics to flag potential threats, and even freeze devices and activity until security personnel can analyze the situation and determine if the threat is valid. This is an early-detection solution designed to prevent attacks before they’re able to do significant damage to the company.
Applications like Bitcoin get most of the buzz, but blockchain-based solutions are being developed to improve business security. This digital ledger technology, which is already being utilized to secure cross-border payments, could soon be used to validate the source of software updates, mobile apps, and other digital assets.
Once implemented, this could make it hard for malware attacks like WannaCry to inject themselves onto devices through a fake software update. The ledger could theoretically expose this attempt as fraudulent before any damage was done.
Layers, Layers, Layers
While businesses might already be using multiple layers of security to protect their data, 2018 is seeing an increased emphasis of incorporating as many layers as possible. Installing a mobile device management solution and utilizing two-factor authorization are great steps, but businesses are moving away from either/or security decisions and recognizing how additional security measures, such as encryption and anti-malware software, can bolster the strength of the aforementioned two-factor authorization and mobile device management, thus giving the company a much stronger security front.
As security threats evolve online, business technology must keep pace to protect itself from damaging losses. Investment into emerging solutions will keep your cybersecurity strategy on the cutting edge.
Mobile Device Management can simplify the process of keeping your mobile device secure. Learn more on our Mobile Security services or request a free consultation to learn more today.