2016 was a happening year in cyber space. Breaches at Tesco Bank and Ashley Bank exposed major fallacies in global internet security initiatives and how hackers and malware are getting smarter. Expert professional security guards predict 2017 to be another year full of opportunities and challenges for online security companies. Here’s what we can expect.
Better Regulations
Cyber security is a dynamic and fast-moving industry. Regulations of internet security, on the other hand, are slow and clumsy and are failing to keep businesses safe. For the next year, one can hope for better security regulations and initiatives that will keep intruders at bay.
More Demand for Professionals
Due to a global shortage of skilled professionals at the workplace, many organizations fall prey to online security breaches and attacks. As a result, the demand for experienced professionals will rise. Companies may spend more resources in staff training, in order to stay safe from cyber attacks.
Data Theft May Turn to Data Manipulation
Until a few years back, data theft was simple and straightforward. With the rise in social media marketing, data thieves in 2017 may change their methods and focus more on attacking data integrity, rather than the data itself. This can cause serious reputational damage to the company and they may need to consider investing in online reputation management.
Internet of Things (IoT) Debacle
The new generation of AI (Artificial intelligence) may be “creative” enough to mimic the behavior of several security tools and fool even the most skilled professionals. For 2017, you need to be aware of several bespoke phishing campaigns that may compromise your confidential business data.
You Should Also Read: 7 Common Breaches of Security to Get Away From
Attackers Will Get Bolder
As internet functioning will change, so will the attackers’ approach. They may become bolder and much more organized in their efforts. They may be operating in jurisdictions with weak cyber security enforcements. If you get a call from some unknown company asking for your credit card details, it’s a red flag.
Consumer Devices May be at Risk
As more and more people are becoming tech-savvy and the sale of smart phones is rising, consumer devices face security threats. This means that consumers may be targeted across a wide range of connected objects.
Breaches will Become Complicated
Cyber criminals will explore new and improved ways to engineer their malicious activities. They will use different variants of ransomware for the job.
Smarter Hackers
2017 hackers have the capability to create bespoke targeted codes that will only improve in efficiency with the passage of time. They may use Deep Web to communicate with other hackers and make it difficult to be traced.
New Job Titles
Until yesterday, companies had a CEO, CFO, and a COO. In this year, you can expect a new designation called Chief Cybercrime Officer (CCO). The role of this individual will be to protect an organization’s virtual database from attacks and malware. If you have experience in cyber security, then this position may be yours for the taking.
Demand for Cyber Insurance will Rise
Investing in cyber insurance will become crucial in 2017, especially for online businesses. This insurance will be a part of an organization’s operational risk strategy. However, insurance industries will have to create customized premium plans to suit the needs of different sectors.
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