Over the last few years, more than 7 in 10 US organizations were affected by a data breach. As the future of our workplace evolves, so do the threats to our organizations. Today’s cybercriminals are becoming more sophisticated calling for organizations to develop smarter security measures to strengthen their defense system.
Cyber Threat Intelligence Is Essential for Proactive Defense
Today’s organizations are spending more on cyber solutions than ever before. So why are companies still experiencing large scale data breaches? Cyber threat intelligence is the art and science of empowering customers with contextualized information in near-real-time, enabling organizations to proactively defend against threats at the speed and scale of the internet. Cybersecurity integration today is being done inefficiently, calling for organizations to get serious about using available threat information to anticipate where attacks may be coming from with meaningful context for the organization’s business systems, whether on premise, cloud, or mobile.
The Internet of Things (IoT) Will Present Cyber Challenges Never Seen Before
According to a recent study, by 2020, the installed base of Internet of Things (IoT) devices is forecast to grow to almost 31 billion devices worldwide.The Internet of things (IoT) is the integration of physical devices, vehicles, home appliances, and industrial control systems to the internet. To prepare for the new challenges presented by machines talking to machines, organizations will need to plan for the adoption of Security Automation, Orchestration, and Response (SOAR). Using continuous monitoring and threat lifecycle management (TLM) solutions to use data analytics for cyber defense helping protect their business operations that are expanding at the speed of the internet.
Blockchain Technology, A Blessing or a Curse?
Blockchain technology is spawning an entire new industry of “smart contracts.” Smart contracts are solutions that codify the terms and conditions of agreements (e.g. think real estate contracts, on-line auctions, service level agreements, etc.) with an indelible record of all transactions written to a blockchain ledger. The technology improves productivity and integrates trust into transactions. However, blockchain technology has also enabled the creation of cryptocurrencies, anonymous transactions, and ransomware. The future of cybersecurity will include strategies for using distributed blockchain ledgers to secure automated public services, enterprise commerce transactions, etc. and force organizations to consider whether to pay or not to pay a ransomware attack. Cyber insurance agreements may be the next boom sector in smart contracts. Services are becoming available that provide “Consumer Report” like assessments of organizational cyber hygiene that could influence insurability decisions.
The Future of Cyber Security is in the Cloud
There was a time when businesses feared the term “the cloud.” Today, the cloud has become one of the many areas rising to the cybersecurity challenge. Securely transferring organizational data into the cloud has proven to enhance the overall availability and quality of services delivered to customers. Organizations deploying a cloud-based cybersecurity strategy can leverage the tools to strengthenprotection of personal information and sensitive data. With the increased use of cloud service providers, and the resulting “cloud sprawl”, the need for Cloud Access Security Brokers (CASB) and cloud-based security controls; organizations can protect their data assets in compliance with governing policies and regulations.
Cyber Security Will Impact the Future of Tech Careers
It is estimated that in 2017, over $450B was lost by organizations due to cyber-attacks. Believe it or not, there is a major shortage of cybersecurity employees and experts. It’s estimated that by 2021 there will be upwards of 3.5 million cybersecurity jobs unfilled. State and Local Governments as well as Educational Institutions (SLEDs) are considered soft targets and under increased attack. During a recent nationwide survey, less than one-third of those organizations stated they felt confident they could protect and defend themselves from attack. Companies around the globe are eager for more workers to join the cybersecurity space. Today’s universities are beginning to push degrees in the cybersecurity field to aid in the solution and government organizations are pushing non-traditional educational paths to help create highly trained personnel to fill the shortages.
As you can see, there is a great deal of excitement headed towards cybersecurity over the next few years. It is imperative that you know where your organization stands in the future of security.
Rick Roach, CISSP
Chief Information Security Officer