By the numbers European data source indicate: in the last 12 months, 90% of large companies and 74% of SMEs experienced a security breach; and large companies spent $2.1MM to $4.5MM resolving breaches which doubles from previous year and SME from $100K-$300K an uptick of $93K-$170K.
Future ITProPortal predictions:
- Out-dated software and infrastructure will pave way for vulnerabilities and create a snowball affect on breaches
- IoT will revolutionize how we do business but that market advantage can/will also result in increased data compromise / cost, and availability in the services we become reliant on
- Leveraging of social media for the upcoming political campaign will open the doors for increased social engineering and purification of content (good and bad, true and not-validated, etc.)
- Top-level domains allow other avenues for organizational opportunities, etc. but so does attack vectors; or perhaps it will be IPv6 – present but quite
- Cybersecurity insurance will be forefront and tested on both sides, from the issuer liability as well as the consumers’ level of protection
- Conjoining of data, whether that be additional PII based on Millennials mindset/industry trend in sharing, mixing of business and personal information in mobile devices, cloud, etc. and the global perception (and government/political ruling) of personal data
- Payment systems as well as currency will be challenged from availability/speed/type (bitcoin); but also avenues for device and data exfiltration
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