Yesterday we shared five of our predictions for how we believe cybersecurity will play out over the next 12 months. Today we’re putting together a handful more that we feel deserve honorable mention. Planning ahead is a huge part of keeping your organization protected from cyber threats and potential breaches. By having an idea what to expect, you can better strategize your defense so that you’re ready to take on anything that comes your way. With that said, here are five more cybersecurity predictions for 2017.
- Open source vulnerabilities. Over the past decade or more, open source has become a much more widely used development tool, even being embraced by such big names as Google and Facebook. But as this adoption continues to grow, we can expect the threat of hackers to also increase, as these criminals have discovered that applications are a potential point of entry for many organizations’ networks. Companies – especially those embracing the IoT – must do a better job of managing and keeping code secure and staying up to date on all patches. Otherwise, they will likely be targeted in 2017.
- Over-trust in insurance. Despite spending a ton of money and investing endless time and resources into fortifying cybersecurity defenses, many companies continue to experience breaches. As such, there has been a marked shift toward purchasing insurance in an attempt to mitigate potential damages. It should be known, however, that while many insurers will certainly issue policies, they won’t necessarily be dishing out money for claims very easily. Some will cut back or eliminate their cyber liability coverage altogether. The best way to limit damages from cyber-attacks is to invest in technology that will improve detection and incident response/remediation.
- Threats increase in volume and complexity. With the rise of advanced persistent threats (APTs), it’s hard for some to fathom how these risks could possibly increase, but all indications are that this will, indeed, be the case over the coming months. Even small businesses won’t be safe against the onslaught of incoming cyber-attacks. To prevent potential breaches, companies must employ advanced cybersecurity technology, such as automation, that can effectively match what the hackers are using and provide round-the-clock protection without the need for human intervention.
- Ransomware continues to grow. In 2016, the world saw a massive increase in viruses dubbed ransomware, which is basically a malware that infiltrates and locks up critical files, applications and systems unless and until the victim pays a “ransom.” Unfortunately, experts are predicting that these threats will only continue to grow and get worse in the New Year. The best way to defend against these inevitable attacks is to employ the use of cybersecurity playbooks, which automatically pinpoint, isolate and eradicate the problem. And, of course, always backing up critical data is also strongly recommended.
- Cybersecurity will become a competitive advantage. More widespread adoption of cybersecurity technology and best practices will be driven by the fact that organizations of every size and industry can no longer ignore the impact and likelihood of cyber-attacks. Likewise, consumers and business leaders also recognize the critical importance of data security when choosing B2C and B2B commerce relationships. Those that are forward-thinking and make cybersecurity a top priority will ultimately be the ones that emerge victorious over others in their respective marketplaces. In other words, 2017 will be a starting point in which data protection will become a competitive selling point.
Are you doing enough to protect your organization against these and other potential security threats? Download your free 30 day trial of the Ayehu security automation and orchestration platform and fortify your defense before it’s too late.