What Will 2015 Bring Us?
This year is nearly at an end and time to reflect back on what has happened in 2014 and look ahead to 2015. This year major organizations, banks, and retailers suffered from explosive data breaches to their networks. Nearly half of all organizations had at least one or more data breaches this year. The major data breaches to critical network have resulted in companies taking a positive step forward to secure their networks to prevent another breach from happening.
What Can We Look Forward To In 2015?
Changing the way retailer’s protect their networks against data breaches
In October 2015, a new mandatory adoption for EMV “chip and PIN” technology will go into effect that hopefully will close the window on hackers that easily profit from point-of-sale attacks on brick-and-mortar retailers. Retailers today in the U.S. are an attractive target for attackers that have ready availability of malware that is capable of compromising payment systems. Furthermore, the malware is sold on the data black market and anyone with enough money can buy what they need. You can continue to expect a continued wave of data breaches until the end of next year when the new system is implemented.
In 2015, more hackers will start targeting cloud data
This year cloud services have been beneficial for businesses and consumers. Unfortunately, as more information is stored in the cloud, the more attractive it is becoming a target for attackers. On the black market stolen data from Twitter accounts is worth more now than credit card numbers. Not only social media data, but the loss of personal information remains a major concern in 2015. Storing some of your personal data on the cloud might result in identity theft as hackers sell off your name, Social Security number, address, and date of birth on the black market.
In 2015, we will see an increase in health care breaches
Next year we will see more hackers attacking health care networks because of the multiple vulnerabilities and the value of health information being sold on the black market. This coming year will be a challenge for health care organizations to secure their sensitive information stored on their networks. Unfortunately, many doctor’s offices, small clinics and hospital don’t have the necessary resources to safeguard their patient information. The health care industry will face many new challenges this coming year because 40 percent of health care organizations aren’t confident in their network security.
Data breach responsibilities are no longer the problem of the IT department, but is now the responsibility of company’s business leaders
In the past it was the responsibility of IT departments to explain the security incidents and cyber attacks on the network. However, the problem has reached way beyond the scope of the IT department and has now become a corporate-wide issue. With the new shift in responsibilities, business leaders are directly being held responsible and accountable for network data breaches. Next year, the senior executive is being forced to have a better understanding of what the IT department data breach response plan is and what new technologies they are using on the network to protect corporate data.
Next year employees will continue to remain companies’ biggest threat
Many companies have missed their mark on identifying their biggest security threat, their employees. Company employees are responsible for causing human error and malicious insider attacks on the network that triggers the majority of data breaches inside the company walls. The leading cause of security incidents is caused by negligent company employees. Next year companies will need to increase their security investments to favor new technology to better prevent intrusions and attacks from hackers.
Next year we will see a rise in third-party breaches caused by the Internet of things
As technology advances next year, so does the Internet of Things (IoT) and how people will interact with everyday items. Corporations are now using IoT to leverage and process more data which next year will cause more points of vulnerability of their information that hacker’s will target. Next year we can expect an increase in cyber attacks because of IoT-compromised devices. The new interconnected system now adopted by organizations includes sensor networks, consumer devices, work meters, routers, and NAS storage. The more interconnected products companies adopt the easier it will be for, the next wave of large third-party security breaches.