How the Need for Tighter Network Security Will Impact the Future of Tech Startups

Network security is a priority for almost every business. The trend of using cloud infrastructure and digital transformation to improve efficiency often puts sensitive data at risk. Startups and large enterprises will need to focus on emerging security solutions that can protect their hardware and software.

Migrating data to the cloud can be a confusing and overwhelming proposition for many businesses, as the lack of visibility can lead to questions about network security. Data breaches alone cost on average $4.24 million per year — and that’s up from 2020, when the average was $3.86 million.

Adding more uncertainty to such a decision are the reports that cybercrime increased by 600% during the pandemic. Businesses of all sizes want more than just insurance; they want assurances that the most reliable tools for network security are in place to protect corporate data.

The recent trend for businesses to use cloud infrastructure and digital transformation for increased efficiency could put sensitive data at risk. Future tech startups will need to consider the security solutions they use alongside cloud infrastructure to ensure that data remains accessible to businesses, while being protected against cyberattacks.

Current trends in the tech startup space around data security

The zero-trust architecture has gained traction in recent years due to its exclusive focus on securing network perimeters from unwanted ingress. The Zero Trust architecture departs from traditional protocols around network security, as rights and privileges depend on continuous verification. The problem, however, is that few companies operate within a clearly defined perimeter, and bad actors inside the organization are always a threat.

The tech space is also seeing an evolution in endpoint security, moving from desktop computers to multiple devices, programs, and users. After all, people now use a variety of personal and corporate devices to access sensitive data. It is no longer enough for internal networks to control software updates for workstations alone; other devices should be treated the same as desktops and laptops when securing corporate data and applications.

What’s next in network security?

The above trends will impact the future of network security in multiple ways. The following three are just a few of the emerging technologies that will become essential for hardware and software security:

  1. Secure Access Service Edge (or SASE)
    As the merger of Security as a Service (known as SECaaS) and Network as a Service (known as NaaS), SASE is the future of network security. Offering networking capabilities and network security in a single cloud platform, SASE provides secure and fast cloud access to data, services and applications from anywhere in the world.
  2. Cipher Search
    Encryption research is also making waves in the field of network security, as users can research and analyze data without ever releasing it from encryption mode. And with consumer data privacy on everyone’s mind these days, it stands to reason that it will become a major facet of the future of network security.
  3. Federated Learning
    Federated learning uses artificial intelligence to process large amounts of data – a practice that can present challenges and privacy concerns for consumers. With federated learning, however, a company processes and analyzes data without knowing the protocol (i.e. disclosure of private information). Thus, federated learning finds a way to protect data privacy while applying AI.

Ultimately, boot space should aim to do more than improve software capabilities from a security perspective. Hardware is never something to be overlooked. Companies don’t necessarily move all of their data at once, and there is always a need for edge devices, which will become increasingly important components of the overall security system.

Another challenge that arises, however, is the balance between efficiency and safety. Businesses don’t want to sacrifice efficient processes for better protection, but better protection is necessary to secure important data. It is therefore essential that organizations ensure that the cloud infrastructures and security solutions they use can be integrated into their existing workflows, without interrupting these workflows or reducing their efficiency.

You will want to find a single solution to address both hardware and software security. When thinking of the market as a whole, a hardware-software integration protects the entire stack against breaches and other cyberattacks, attacking the hardware layer and delivering faster software. All things considered, such an approach will be a healthier and more efficient option for companies that want to secure their data and processes.

Written by Lu Zhang.
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