Threats are accelerating, becoming more sophisticated and more efficient.
No longer are hackers motivated by fame or money; many of them work for cybercriminal organizations and states who want to steal data. This shift in goals and aspirations will change threats in the coming year.
Experian Data Breach Resolution today releases its fifth annual Data Breach Industry Forecast with five key predictions for 2018.
First, the report noted that the attacks would no longer be digital; it can also hurt physically. The U.S. was highlighted as a possible victim of such an attack, targeting infrastructure, government, and private infrastructure.
Next, regulations will become a threat. The report noted that firms would face compliance issues as they try to meet the restrictions imposed by the General Data Protection Regulation (GDPR). Failure to comply may severely affect businesses.
Thirdly, the report noted that government would continue to have a target painted on their backs. As global politics and state-sponsored cyber-attacks take hold, firms will need to ready for the fallout.
Fourthly, AI will become part of the hacker's arsenal. It means that automated, learning systems will look to explore and search for new vulnerabilities 24 x 7. The incidences of zero-day attacks will increase.
Lastly, Internet of Things will unveil new vulnerabilities. Firms that are jumping on the IoT bandwagon without ensuring proper security policies will stand to lose millions. The fear of IoT breaches may even see regulators coming in with fresh new restrictions.
"Our threat landscape is constantly evolving, making it increasingly difficult for businesses to mitigate risk. It's critical that businesses learn what's on the horizon and incorporate these threats into their incident response plans. Our annual report outlines some of the key areas to help empower businesses to stay one step ahead in the coming year,” Michael Bruemmer, vice president at Experian Data Breach Resolution said in a press release.
The conclusions were based on Experian's history of helping businesses navigate more than 18,000 breaches over the last decade and its 100 percent success rate resolving fraud cases, the press release claimed.