In our last post, we talked about how BOHH Labs can help companies with GDPR compliance. Today we will revisit some of the most pressing cybersecurity trends in 2017 we cited at the beginning of the year and track where the industry is at as the end of the year nears.
In a previous post at the beginning of 2017, we outlined the top predictions for what’s to come in 2017 in the security industry. Below are several trends that were identified to watch closely throughout the year and in this post, we will track any major developments the industry has seen up to this point.
Ransomware: Ransomware gained popularity among many cybercriminals this year since they know most organizations would rather pay the ransom fee to get their data back rather than admit there had been a breach or stop operations while they are being exploited. According to the 2017 Verizon Data Breach Report (DBIR), ransomware is now the fifth most common attack type. One of the most notable ransomware attacks this year was NotPetya, which resulted in major monetary loss for many companies, including FedEx which estimates ransomware attack cost $300 million.
Mobile security: Despite the popularity and norm of mobile devices and BYOD strategies accepted as standard in today’s enterprise model, there is still huge concern around security. In fact, it has been found that many of today’s top enterprise apps that people use, including Uber, WhatsApp Messenger and Facebook Messenger for Android, present the most risk to enterprise data. In fact, Skycure reports that 21% of organizations have traced a data breach to their BYOD program.
Security of Internet of Things devices: There is constant talk about the impact the Internet of Things and how the connected world can improve both our personal and professional lives, but these devices also bring a host of security issues and 2017 is evidence of this. For instance, according to Fortinet's Threat Landscape Report for the second quarter of 2017, 90% of organizations recorded attacks that targeted system and device vulnerabilities that were at least three years old, even though updates and patches had long been available.
Challenges in the cybersecurity workforce: Conversations about a global shortage of cybersecurity professionals and the specialized skills needed have dominated in 2017, and not much has changed thus far. There is still a shortage of cybersecurity professionals in the workforce but a study from Dimensional Research, examined how organizations are addressing a growing cybersecurity skills gap. Some of the findings to keep the skills gap at bay in the future include 98% of respondents expect other functions like non-security teams to be more involved in cybersecurity moving forward, as well as 96% percent of respondents believe that automation will play a role in solving the skills gap in the future.
As the end of 2017 nears, it has become evident that 2017 has been an eventful year. Now that we’ve checked back in on the major security trends in 2017 to watch, check back in next Tuesday when we talk about some things on how some breaches can be preventable.
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