In our previous post, we discussed the Black Hat conference in Las Vegas, and some of the key trends we saw at that event. However, this time we’d like to talk about Defcon – the older, dressed-down brother of Black Hat that’s now in its 25th year, and really draws out a lot of the hardcore hacking (in the good sense of the term) community.
Cybersecurity is an ever-changing field. A threat that was huge ten years ago might not even be on the radar today. While it's impossible to predict the future, there are certain trends that will most likely continue into 2017. Let's take a look at some predictions for the new year.
1. IoT-based DDoS attacks
One major threat that is looming on the horizon for 2017 is the use of distributed denial-of-service attacks. While these kinds of hacks have been around for quite some time now, the reason there will likely be a surge in 2017 has to do with the introduction of the Internet of Things.
Due to the fact that credit and debit card data can be used to anonymously purchase goods and transfer money online, this information has become highly sought after in the criminal underworld. Hackers are compensated generously for gaining access to these cards, and are therefore motivated to break into the systems that hold them.
But exactly how do these individuals go about getting a hold of this information? Let's dive in:
Data breaches are major events that place tremendous pressure on IT departments to rectify. Unfortunately, numerous case studies exist where companies have not only failed to prevent a cyber attack, but they've also struggled (at minimum) to mitigate the damage. The end result is often lost customers and a dented bottom line.
"Data breaches are increasing because there are more connected devices than ever."
Why are Data Breaches on the Rise?
One reason data breaches are increasing is because there are more connected devices than ever. And that number is expected to rise.
Gartner predicted connected "things" would jump 30% between 2015 and 2016. Other experts agreed, such as Fortinet Global Security strategist Derek Manky and Morgan Stanley Chief Information Officer of Technology and Information Risk Matthew Chung.
Is your company spending more and more money on trying to keep up with the increased complexity of cyber threats?
You're welcome to be alarmed (it's a perfectly normal response). But don't be shocked. Cybercriminals, who often have plenty of time and resources to devote to their craft, are constantly becoming more sophisticated. And companies typically have to spread their resources out to various departments, limiting their ability to fully secure themselves. Sure, most have IT teams (or at minimum a dedicated IT professional), but that doesn't mean they're completely capable of handling the complexity and vast amount of threats bombarding their servers.
Each year companies lose millions of dollars because of data breaches. Not only do businesses lose money because cybercriminals steal critical data but also because these hackers cause often irreversible damage to the organization's reputation. In turn, these companies often struggle to retain and gain customers.
Many different types of IT criminals breach databases, which we'll discuss shortly, but it's critical to first understand what they're looking for and who they're attacking.
As cyber attacks continue to grow in frequency and sophistication, businesses are exposed to increasing risk. At the same time, companies continue to face the challenges of limited time, budgets, and staff to implement effective security programs in order to counter the growing threat of cyber attacks. With a global IT security skills shortage, many companies are struggling to stay secure.
The healthcare industry just keeps getting hammered by cybercriminals in 2016. The reality for healthcare organizations is that cyber attacks are now part of their everyday business and that the best option is to improve their cyber defenses in order to better protect themselves.
According to the third annual Experian 2016 Data Breach Industry Forecast report, 91% of all healthcare organizations reported at least one data breach in the last two years. What makes them such prime targets is the price of the valuable information they have. According to this same report, “medical records are worth up to 10 times more than credit card numbers on the black market.”
Silicon Valley is a nickname for the southern part of the San Fransisco Bay Area, a region that hosts many of the world's biggest technology companies, including giants like Facebook and Google. The area increasingly finds itself the target of consumer ire for violating privacy expectations, changing product performance in uncomfortable ways, and more.
The number of data breaches in 2016 list keeps growing! To make matters worse, if suffering from one data breach wasn’t bad enough, Hard Rock Hotel & Casino in Las Vegas, Nevada, announced that it recently suffered from a second data breach in just over a year.