We’re nearly one full month into 2018 and it’s clear already that cybersecurity remains one of the top priorities for businesses across the globe. Preparing in advance and having an idea of what to expect can help strengthen your defense. To help, we’ve identified a few of the top global security threats that experts believe have the potential to become significant obstacles for businesses over the coming months.
The Internet of Things continues to add several new layers of risk to organizations across the globe. Unfortunately, the majority of IoT devices are not inherently secure, so as more companies adopt those IoT devices, they are unwittingly adding more vulnerability to their network and infrastructure. Additionally, there remains a lack of transparency surrounding what information is being captured and transmitted. When a cybersecurity breach does occur and the truth comes out, companies will likely be held responsible by both customers and regulators.
Crime as a Service (CaaS)
Criminal syndicates in the cyber realm are nothing new. What’s predicted to be different in 2018, however, is that thanks to CaaS, less sophisticated “aspirant” cyber-attackers (even those without a great amount of technical knowledge) will be able to purchase tools and services that will enable them to carry out attacks that they would otherwise been incapable of conducting on their own. Essentially, anyone who wishes to get into the cybersecurity game will have much easier entry moving forward, which means even more risk for businesses, particularly small to mid-sized ones.
The supply chain is inherently vulnerable for a number of reasons; namely due to the fact that a good deal of sensitive and valuable information is typically shared amongst suppliers. As that data is shared, it results in a loss of control, which increases the risk of compromise in integrity, confidentiality and availability. The challenge lies in knowing precisely where information is at every stage of the lifecycle so it can be adequately protected. To address this, organizations must prioritize finding the weakest places in their supply chains so they can properly address those vulnerabilities before a problem arises.
With the European Union General Data Protection Regulation (GDPR) set to take effect within the next few months, a whole new layer of complexity will be added to critical asset management. GDPR isn’t just about compliance. It’s about being able to pinpoint any area throughout your organization and along your supply chain and understand how personal data is being managed and protected. If you’re not yet prepared for this upcoming deadline, here are a few guidelines to get you started.
These are, of course, just a few of the many cybersecurity threats that exist in the landscape today. The key to overcoming these threats is to implement a strong strategy that focuses not only on prevention, but also rapid detection and remediation.