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A new study released by Frost & Sullivan explores some of the technologies that can be leveraged to address the complexity of privacy and cybersecurity challenges set to increase due to the intensification of Internet of Things technologies.

There will be more than 26 smart cities by 2025 and a network of 200 billion devices globally of which each human will have 20 connected devices by 2030, according to the report.

Vinay Venkatesan, visionary innovation research consultant with Frost & Sullivan, said: “In addition to AI, data de-identification, advanced authentication and encryption, biometrics, Blockchain, automation, and quantum computing also will have the potential to transform privacy and cybersecurity.

“Boundaries between work and home continue to blur, as we’re experiencing right now. This means every connected device in a smart home, enterprise or city will be a potential access point to our most sensitive and personal data, making mass non-consensual data collection feasible and cybersecurity all the more vital.”

To further revenue opportunities, cybersecurity vendors should:

  • Invest in/partner with startups offering technological innovations (Blockchain, AI) at the core.
  • Adopt an enterprise-wide cyber defense strategy rather than a dedicated cybersecurity unit.
  • Invest in a creative, “cyber-human” workforce with the flexibility to deal with the evolving nature of threats.
  • Allocate dedicated budgets for post-breach response solutions and recovery mechanisms.
  • Consider integrating solutions offering end-to-end security built into the system rather than “bolt-on” security features.

Click here for more information about the report.