Netwrix Reveals Top Seven IT Predictions for 2020

IRVINE, Calif., Jan. 15, 2020 /PRNewswire/ -- Netwrix, a vendor of information security and governance software, reveals the top seven IT trends for organizations to keep an eye on in 2020. Netwrix experts predict that the three main challenges for organizations will be targeted ransomware, attacks on AI-based solutions and data privacy challenges. Organizations will also need to satisfy data access requests, increase cybersecurity awareness, deal with IT skills shortage and justify security investments.

Here are the seven trends that will affect organizations in 2020:

    1. Ransomware will continue to rise. In 2020, ransomware attacks will become
       even more targeted and sophisticated. Organizations that store a lot of
       personally identifiable data -- such as those in the healthcare, finance
       and government sectors -- will be chief targets. To mitigate this threat,
       CIOs will have to implement measures to ensure fast detection of
       ransomware attacks and enable prompt recovery.




    2. AI-based solutions will be a new target for attacks. As organizations
       implement more solutions based on artificial intelligence (AI) and
       machine learning (ML), both researchers and adversaries will be
       experimenting with ways to misuse or mislead those solutions. While
       vendors need these results to improve cybersecurity, hackers will use
       them to conduct targeted attacks.




    3. Data privacy will create demand for new business services. The issue of
       ensuring consumer, customer and employee data privacy is already on
       organizations' radar; the Netwrix IT Trends 2020 report found that 43% of
       businesses consider data privacy to be their top priority for 2020. To
       comply with new data privacy legislation being enacted, businesses will
       have to demonstrate that customer data is gathered and processed
       lawfully. As a result, the U.S. market will see new offerings that
       combine legal and IT services to help organizations with their compliance
       efforts.




    4. Satisfying data access requests will be increasingly important. Privacy
       regulations often require organizations to satisfy data access requests
       (DARs) within a certain time frame or face various penalties. Therefore,
       CIOs and CISOs will need to choose efficient methods for completing data
       searches in order to minimize the risk of compliance fines and lawsuits.




    5. Security training will become a necessity. More organizations will invest
       in cybersecurity training and consulting to minimize the risk of data
       breaches due to employee mistakes. CIOs and CISOs will have to justify
       the increased budget for the training sessions and prove their
       effectiveness to the larger executive team.




    6. The IT skill shortage will drive automation. With experienced IT security
       staff in short supply, CIOs and CISOs will look into automated solutions
       that streamline security and compliance tasks. Solutions such as robotic
       process automation (RPA) tools will help these organizations improve
       overall efficiency and free up IT resources to focus on data security.


    7. IT teams will need to justify security investments. As organizations
       allocate more budget to data security, IT teams will need to prove that
       those investments bring value to the business. To demonstrate enhanced
       productivity, reduced compliance costs or better IT efficiency, they will
       develop security metrics and KPIs to report to management.

"Organizations that adhere to privacy regulations and have effective security strategies don't just avoid fines and lawsuits; they also gain a competitive advantage. Today, security and privacy are a great business enabler, since being able to readily demonstrate that customer data is processed lawfully and is well protected can increase employee efficiency and boost customer loyalty and retention," said Ilia Sotnikov, VP of Product Management at Netwrix.

About Netwrix

Netwrix is a software company that enables information security and governance professionals to reclaim control over sensitive, regulated and business-critical data, regardless of where it resides. Over 10,000 organizations worldwide rely on Netwrix solutions to secure sensitive data, realize the full business value of enterprise content, pass compliance audits with less effort and expense, and increase the productivity of IT teams and knowledge workers.

Founded in 2006, Netwrix has earned more than 150 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S.

For more information, visit www.netwrix.com.

CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/netwrix-reveals-top-seven-it-predictions-for-2020-300987533.html

SOURCE Netwrix Corporation