Cybersecurity is transforming day by day with a considerable increase in the number and sophistication of cyberattacks. Warding off these attacks is becoming a great challenge for private and public organizations. From the healthcare sector to the banking, financial services, and insurance (BFSI) sector, every industry has been the target of cybercriminals as they look forward to exploiting vulnerabilities. Moreover, organizations are shifting their workloads to cloud platforms. So, the cyberattacks on cloud systems are increasing. This has led organizations to adopt the strategy of collaboration. According to the report published by Allied Market Research, the global cybersecurity market is estimated to reach $478.68 billion by 2030. Following are some of the trends taking place across the world.
Along with the collaboration between governments of different countries, universities are also collaborating with government agencies. The United States is collaborating with other countries to develop advanced security programs and offer funding to entities that will develop applications to ensure improved security. Moreover, leading universities are joining hands with government agencies to find new ways to anticipate cyberattacks and prevent them before they happen, with the goal of saving on cost and uninterrupted operations. This strategy will hopefully lead to consolidated cybersecurity in the coming years.
Collaboration is one of the major strategies adopted by many countries to strengthen the security of critical infrastructure. The United States and Israel collaborated to form a joint cybersecurity program for strengthening resilience. The program is known as BIRD Cyber. Under this program, both countries will provide grants of up to $1.5 million for the development of advanced applications. Entities from both countries will develop the applications in collaboration. These applications will be focused on improving mission-critical needs related to cybersecurity.
Dr. Eitan Yudilevich, the Executive Director of the BIRD Foundation, outlined that BIRD Cyber will support the development of high-impact cybersecurity solutions for mission-critical infrastructure. In addition, new cyber-focused programs will be developed to strengthen the strategic partnerships in the field of cybersecurity. Israeli and American technologies will drive the security solutions. Such collaborations between countries will help improve cybersecurity.
Universities and government agencies have also decided to collaborate to improve security. The University of Florida and the US Central Intelligence Agency (CIA) joined hands to determine how advanced technologies such as artificial intelligence (AI) and machine learning can be utilized to detect malicious attacks on computer networks. With a surge in data breaches in the healthcare system and high-profile cyberattacks, there is a need to strengthen security with the help of advanced technologies. Cyberattacks are getting more and more sophisticated and advanced as hackers and cybercriminals implement advanced technologies for attacks. However, it will be difficult to ward off these attacks with the help of experts or existing techniques. It has become a necessity to utilize advanced technologies such as AI and machine learning to counter the sophisticated attacks posed by cybercriminals. This has led both organizations to collaborate and conduct research on AI applications to strengthen cybersecurity.Damon Woodard, Principal Researcher and Director of the Florida Institute for National Security, outlined that this collaboration is expected to revolutionize the way the world deploys cybersecurity measures and gains insights about potential cyberattacks. New insights will be gained, and technologies will be developed to protect data. The collaboration between UF and CIA is intended to strengthen cybersecurity across private and government sectors. Such partnerships and collaborations will lead to innovative and advanced technologies.