As BlackBerry’s Chief Security Officer, below are his predictions for 2018:
1. 2018 will be the worst year to date for cyberattacks
With 2017 being the worst year ever for cyberattacks, it’s tempting to think that we’ve hit rock bottom, but what we’ve seen so far is just the tip of the iceberg.
The fundamental issues that have caused the majority of recent cyberbreaches have not been resolved. IT departments are being tasked to manage increasingly complex networks, support new types of endpoints, and protect more and more sensitive data. Legacy systems are still rampant throughout most industries and cannot be easily upgraded or replaced. These systems often contain publicly known software vulnerabilities which can be exploited to penetrate the corporate network.
At the same time, attackers are getting increasingly sophisticated and have more incentives than ever to mount cyberattacks. From building ransomware or mounting DDoS attacks and demanding bitcoin payments, to working with organized crime and even national governments, malicious hackers have numerous ways to monetize their skills and to protect themselves.
2. Cyberattacks will cause physical harm
Securing the Internet of Things is even more important than securing traditional IT networks for one simple reason: IoT attacks threaten public safety. A hacked computer or mobile device typically cannot cause direct physical harm. While it’s certainly frustrating to have our personal information stolen, it doesn’t compare to the impact of being involved in a car accident or having your infusion pump or pacemaker compromised. IoT security will literally become a matter of life and death, and we cannot simply wait for that to happen.
3. Insurance and cybersecurity products will go hand and hand
Firms not only add more cyber policy holders to their roster, but also seek out two strategic avenues to help manage risk for them and their customers: products and experts.
Just like Progressive’s Snapshot plug-in device which helps the insurer provide personalized rates based on your actual driving, insurance companies will start selling products to help track their client’s security posture. They will even partner with security experts to appropriately evaluate a company’s ability to protect against a cyberattack. Scorecards will be given and companies that perform the best will be rewarded with a lower policy amount.
4. Hackers will target employees as they become a growing cybersecurity vulnerability
IT departments typically focus their spending on preventing external attacks, but the reality is that most data breaches start internally – either by sharing documents through unsecure, consumer applications or clicking on increasingly sophisticated phishing attacks.
While hackers are often depicted as technical geniuses using complex algorithms to break advanced cryptography, the reality is that simpler techniques can be just as effective. Criminal hackers aren’t seeking style points; they’re simply looking to breach the system as efficiently as possible. As our technical defenses continue to improve, employees will become the weakest link, increasingly targeted by attackers as part of their overall strategy.
In my opinion, in 2018 companies need to focus on good end point security products, with good essential technical support from vendor and if you do not have enough resources to keep a check on security then outsource to the security vendor who specilizes in detecting new outbreaks and can manage with advanced approach. Try Max Total Security which can fulfill all f your security concerns.