Cybersecurity trends are always evolving. And the Security Industry Association, a trade group that focuses on physical and cyber security, believes it has identified the security “megatrends” that will dominate the immediate and long-term changes within the international security industry.
During the 1964 Free Speech Movement at the University of California, Berkeley, activist Jack Weinberg said: “Don’t trust anyone over 30.” Well, when it comes to cybersecurity, it may be more accurate to say Don’t trust anyone under 30.
The 2019 Cybersecurity and Threat Preparedness Survey found that 65% of the cybersecurity and IT executives surveyed believe that artificial intelligence and machine learning will be able to solve more security problems than humans can solve.
According to the most recent Notifiable Data Breaches Report published by the Office of the Australian Information Commissioner (OAIC) data breaches rose considerable in the most recent quarterly reporting period.
Some say first impressions aren’t everything, and in many cases first impressions can be wrong. But they certainly are powerful, and bad first impressions can be difficult to overcome. This is true for friendships, dating, potential business partners, and more.
While the early promises in the move to cloud computing promised to simplify cloud management and security, and in many ways these promises have been kept. However, in other ways, cloud environments have increased security complexity. In fact, according to a recent survey, 84% of security professionals report that their organizations struggle to maintain secure cloud configurations.
When it comes to enterprise data, it’s employees that create some of the biggest risks, yet they still hold a considerable amount of trust from senior cybersecurity and business leaders. That’s the dislocated findings from the 2019 Global Data Exposure Report, conducted by Forrester Consulting and commissioned by data loss protection software maker Code42.
Banks, like most industries, are undergoing profound digital transformations. They’re trying to compete, lower business risk, and cut costs from their business operations.
As we’ve recently covered, cybersecurity in financial services is having a challenging time keeping up with the rate of technological change. A survey conducted by the Ponemon Institute (on behalf of electronic design automation and software security company Synopsys) found that more than half of the financial services companies they surveyed suffered data breaches or system downtime due to attack.
Periodically the Cloud Security Alliance publishes a report of the top threats to cloud computing. These reports hope to increase the awareness of risks to cloud computing. What’s interesting this year is that certain threats, including denial of service, shared technology vulnerabilities, and cloud service provider data loss and system vulnerabilities were ranked so low in a survey that they didn’t make the new report. They were all included in the Cloud Security Alliances previous report, the Treacherous 12.
There have been plenty — too many — breaches involving federal agencies over the years. Way back in 2006, a breach at the U.S. Department of Veterans Affairs affected 26.5 million people. In 2009, it was the National Archives and Records Administration that was hit and that breach affected 76 million. In one of the worst and most damaging breaches of all time, the U.S. Office of Personnel Management (OPM) affected 21.5 million federal employees and contractors, and breached the information included in security clearances, such as background investigation data and associated person data. Most recently, the U.S. Customs Agency fell victim to an attack and photos and other personal information collected by U.S. Customers and Border Patrol was leaked.
One might think financial institutions, such as banks, would have formidable levels of application security. Unfortunately, if one thought that, one would be wrong. According to an analysis by application security vendor ImmuniWeb, a startling 97 out of 100 of the world’s largest banks are vulnerable to web and mobile attacks.
