2018 is likely to bring a variety of security threats and cyber challenges for businesses of any kind. Business information security officers really need to set up an IT contingency plan as soon as possible in an effort to mitigate potential harm. At present, cybercrime is on the increase and far outweighs corresponding growth within the cyber security field.
Some of the possible IT security threats likely to face businesses in 2018 include:
Threats to IoT
Internet of Things devices are not inherently safe. It’s entirely feasible that data captured by these devices is being used by the manufacturer, without any user knowledge or permission. IoT device manufacturers don’t tend to issue continuous security upgrades for their products, leaving them vulnerable to a variety of security risks. Business users are exposed to legal liabilities if data is stolen from IoT devices and systems. It’s essential to remain wary before signing up to any IoT devices or systems.
Crime as a service
2017 saw the creation of Crime as a Service (CaaS) syndicates and collaborations, where cybercrime groups act together to mimic the behaviours of complex business hierarchies. Some of these CaaS groups are using robots to carry out cybercrime activities and entrants to these syndicate gangs will receive all the detailed information needed to launch vicious cyber attacks. Cryptoware and malware attacks are likely to surge through 2018, putting all business users at risk of exposure.
Risks to the supply chain process
Heavy dependence on IT-operated systems and web-powered apps is leaving supply chains extremely vulnerable to breaches of confidentiality. Integrating the supply chain to incorporate all suppliers and service providers is a fantastic ideal, however, it can lead to continued breaches in security and lack of control over information. Continual improvement to supply chain management applications and risk management are essential for any business which relies heavily upon technology to ensure the viability of its supply chain.
Non compliance with GDPR laws
The GDPR regulations come into force in May 2018 and many IT security officers are weighing up their data-security readiness to comply with the new data protection laws. GDPR requires constant monitoring and upgrades to ensure companies remain compliant and a data protection officer will need to be appointed in every business. Controlling and managing the personal information stored on the systems of any business has highlighted the requirement for numerous upgrades and improvements.
And finally, the cyber insurance industry is in flux at present. Insurers are beginning to recognise they have underestimated and under-priced risks, so it’s highly likely many of these services could be withdrawn from the marketplace.
CARA Technology provides IT support throughout the North West. We can help any existing business or startup achieve their business goals and succeed within a challenging marketplace. Contact us for more details.