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Quest Software 2022 Predictions: What to expect in ransomware, cryptocurrency, and modern endpoint management in 2022

vmblog predictions 2022 

Industry executives and experts share their predictions for 2022.  Read them in this 14th annual VMblog.com series exclusive.

What to expect in ransomware, cryptocurrency, and modern endpoint management in 2022

By Ken Galvin, Senior Product Manager at Quest Software

2021 has been a year for the record books when it comes to cybersecurity - and not in a good way. According to Verizon's 2021 Data Breach Incident Report, ransomware is still very much on the rise - "ransomware appears in 10% of breaches; more than double the frequency from last year" - and human error and cloud complexity still play major roles in rising enterprise concerns.

With new threat vectors emerging by the day, a still largely remote workforce, and data protection issues proliferating across organizations, experts are only expecting the coming year to prove more active when it comes to seeing impactful attacks in cyberspace.

So as your organization maps out your cybersecurity plans, response strategies, and budget roadmap for the new year, here are a few of the industry trends that should be top of mind for 2022:

Ransomware attacks will proliferate, highlighting the need for a layered defense strategy.

Ransomware isn't anything new, but it's easily getting worse - as the technology becomes even more accessible to bad actors and ransomware-as-a-service becomes a booming enterprise on the dark web. As the global ransomware scourge continues, organizations are beginning to recognize that one single layer of defense isn't enough to withstand the ongoing attacks - no matter how strong it may seem.

In 2022, we will witness a mind-shift change across the industry, as more organizations look to implement a layered defense system across the enterprise and customer supply chain. No longer will sole, standard network security systems like firewalls suffice. Enhanced data backups and recovery solutions will be embraced more broadly and implemented more heavily across organizations in the coming year.

Crypto will continue to fuel the ransomware fire.

As ransomware continues, the use of cryptocurrencies as payment will fuel its rise. The anonymity and lack of governance among cryptocurrencies provide ample protection for attackers. Until we have a way to implement true, unified regulation or establish protections for cryptocurrency, ransomware will continue to thrive.

But ransomware-focused legislation - which we've seen introduced in the past year - is a step in the right direction. Gartner predicts that "the percentage of nation-states passing legislation to regulate ransomware payments, fines and negotiations will rise to 30% by the end of 2025, compared to less than 1% in 2021." However, those legislative efforts will fail to prove fruitful until legislators back those initiatives with real funds, actionable deadlines, and tangible consequences.

Organizations will embrace modern endpoint management to meet their agile goals.

In 2022, organizations will move towards adopting more modern endpoint management strategies to meet agile demands. The pandemic showed the value of modern management methods, like using Microsoft autopilot to direct-ship enrolled laptops to new employees. For many organizations, the simplicity and flexibility that modern endpoint management provides can't be beaten. Particularly as the appetite for agile - in the workplace and across business operations - increases.

In total, cybersecurity will be at the forefront of business strategy in 2022. Whether it's bolstering your organization's cyber resiliency, fortifying your existing defenses, or evolving your cybersecurity approach to be more agile, in the new year, organizations are going to lean on cybersecurity for business continuity, resiliency, and longevity like never before. So it's imperative that organizations start investing in bolstering cyber resiliency now in order to prepare for the onslaught of threats to come.

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ABOUT THE AUTHOR

Ken Galvin 

Ken Galvin is the Senior Manager for KACE Unified Endpoint Management solutions of Quest Software’s Information Systems Management business. He has been with KACE for seven of his fifteen years at Quest where he previously managed the Quest Management Xtensions (QMX) product line which extended Microsoft System Center to non-Windows platforms. Ken lives with his wife in Virginia 1.5 hours west of Washington, DC where they raised their four adult children.

Published Wednesday, January 05, 2022 7:36 AM by David Marshall
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