From Myspace to Three, the Friend Finder Network to the US Office of Personnel Management, 2016 was a catastrophic year for data breaches. Companies worldwide were the targets of cyber-attacks, and millions upon millions of data records were stolen.
So how can you protect your private data, and what are the cyber security problems your business needs to address this year? Keep reading to find out.
Threats to the Cloud
As with all technological developments, the Cloud is a target for personal data and cyber-attacks. From the huge levels of celebrity leaks in 2016, you can see this trend is already on the rise.
For companies todays this could be as complex as having employee HR details and sensitve contract information stored on the cloud, or as simple as customer contact details in a CRM or an excel document. Popular cloud based storage can include Dropbox, Box, Microsoft OneDrive and Google Drive.
Whilst more convenient and inexpensive to setup than a traditional SAN storage solution, they require their own special controls and protections to ensure sensitive data stays (CIA) Confidential, maintains its Integrity and stays Available.
Whilst the EU’s General Data Protection Regulation (GDPR) isn’t fully coming into effect until May 2018, it will have a definite impact of cyber security throughout 2017 and have to start impact assessing your systems, information security policies and procedures now.
You may think this wouldn’t affect the UK thanks to Brexit, but it will effect any organisation that handles personal data for customers anywhere in the EU. The impact on organisations and existing cyber security business units are significant, and will see more scrutiny and higher repercussions, now that there is so much pressure on maintaining confidentiality.
To ensure that your company is GDPR compliant, your designated Data Protection Officer must conduct a thorough audit of your current and future processes for handling personal data, and ensure the right controls are in place now and going forward.
Cyber attacks on consumer devices
In the modern world, consumers are becoming more inclined to purchase products that utilise online streaming and online data storage. For example, smart TVs and the Playstation Network are becoming common throughout the UK.
Any device that can connect remotely to WiFi is a target for cyber security attack. You might not think that your smart refrigerator would be a concern, but it may give hackers access to your credentials and potentially more. This opens up vulnerable and exposed devises to cyber security attacks from ransomware or motivated groups of hackers, and consumers may have to pay to reactivate their services.
You can find out more information on how consumer devices are susceptible to cyber attack by taking a look at Giacomo Moscas’ article for Oxford University press here.
So there we have it, some of the cyber security problems that your business needs to address in 2017. What do you think? What issues do you think the industry will face this year?
We’d love to hear your thoughts, so let us know in the comments below. Remember, Warblington Group are game changers, we always develop winning strategies. If you want to improve your business’s cyber security, then we can help.