Information and cybersecurity will continue to be an incredibly complex challenge for large corporations in 2016 as the shift to cloud and mobile computing brings a new wave of vulnerabilities and additions to the evolving threat landscape. Unfortunately, hacks, attacks and breaches are now inevitable and its increasing importance to business continuity has made it one of the key competitive differentiators. Those that have a robust cybersecurity framework in place with the necessary skills, knowledge and resources to manage, monitor, predict and react to threats will prosper. ISACA international president Christos Dimitriadis added: “There is no question that cyberattacks are on the rise, but what is changing dramatically is the type of attack and the targets that bold fraudsters are focusing on.”
The proliferation of the Internet of Things (IoT) is set to be one of the most significant threats to the enterprise during the next 12 months as hacktivists use the growing number of connected devices such as wearables, medical devices and smart home devices to get a foothold within a company’s corporate network. These internet-enabled devices offer business value through data that can be analysed and translated via real-time analytics, which will enable corporations to anticipate changes in customer needs, but this must be weighed against security costs and the potential physical disruption.
Almost three-quarters of IT professionals said there was a medium to high risk of being hacked via an IoT device this year, according to a new study by ISACA, but many firms are struggling to shore up their defences due to a growing cybersecurity skills gap. Forrester Research principal analyst Robert Stroud said: “Too few cyber teams are prepared for the new forms of attack. While phishing and malware remain problematic, IT leaders must quickly address new threats tied to IoT, mobile devices, the cloud and other evolving technologies.”
Mobile devices in particular could be more problematic in 2016 due to the rise in usage of smartphones and tablets for important services and advertising. This will lead to a substantial increase in malvertising, which involves putting malicious ads into legitimate online networks. Hackers will also attempt to target firms that are using the public and hybrid cloud in order to gain access to important information, though the good news is that a recent Osterman Research survey shows that 76% of IT leaders have already flagged and are actively investigating the threat from consumer-grade cloud storage solutions. ISACA has also noted that firms will find it easier to build a culture of strong information security as Millennials are valuing privacy more than ever before and are actively taking measures to ensure important information remains private.
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