Kinshuk De

Cyber Security Landscape for 2019

Will 2019 be better or worse than 2018? Traditional business structures will continue to get disrupted over the next two to five years. The digital age has created unprecedented opportunities to do business and deliver services using new technologies. Organizations are rapidly embracing social media, mobility and cloud computing technology and transforming their ICT operations. The fast advancement in above technologies is being driven by the economics of value and advantage created by this competitive change. While this opens up exciting new opportunities, improves efficiency, it also exposes businesses to larger attack surface and associated multiplicative risks of cyber-attacks of adopting such emerging technologies, increased network bandwidth, and interconnected devices.

Business 4.0 Risks - The New World Order for the CISO

2017 saw an unprecedented rise in the list of cyber breaches and attacks. The data breach at Equifax resulted in hackers accessing Social Security numbers, driver’s licenses details of million Americans. The recent in the list of incidents is social media giant, Facebook, whose shares plunged by over $60 b$ in first two days, on account of misuse of personal data of 50 million Facebookers by British data analytics firm 'Cambridge Analytica’. In 2017, we saw an alarming level rise in Ransomware attacks and ransom payments hitting over $2 b$. WannaCry, NotPetya, Bad Rabbit Ransomware hit more than 500,000 machines globally necessitating some businesses to even suspend operations, or paying ransomware cases with cryptocurrencies being unavoidable in situations. The WannaCry infections were so bad that Microsoft had to release a patch overnight for Windows systems that it had long stopped supporting.

Subscribe to RSS - Kinshuk De