With new technology and software being continuously deployed every day, businesses are expanding their IT estates to be future-ready. Hybrid cloud structures and the Internet of Things are expanding the IT estates of businesses. With hardware diminishing, the assets are becoming undefined and diffused. This is leaving the estate susceptible to cyber attacks.
Cost of security
A Gartner report predicts that IoT security is set to cost the world a staggering $548 million by 2018. But, will investing such capital on security result in complete safety from cyber attacks? The report goes onto say that 25% of identified attacks will involve IoT in some capacity or the other.
With the focus of IoT security being directedtowards the management, analytics, and provisioning of the IoT devices and the data received from them, the systems have to keep up with the unpredictable needs of the business, especially that of monitoring, access control, and detection.
The need for evolved decisions
A survey conducted by a Big 4 firm said that cybercrime is the second most reported economic crime that is recorded by organizations globally. The fallacy surrounding cybercrimes are clearly defined by Roberta Witty, research vice president at Gartner, “Organizations rarely know that their IT environments have been breached until it is too late. At that point, an organization could have much of its IT infrastructure infected with malware, be subject to ransom demands for its data or other such destructive attacks that result in compromised or lost data.”
With businesses expanding and gaining the sophistication to manage their IT estates, cyber attacks can be predicted and with developing maturity, prevented. An MIT research that uses an AI-based model to prevent cybercrimes highlights that 85% of cyber attacks can be predicted.
Know the when and where
The first step to predict a cybercrime that an organization can take is to understand when it is that its estate is prone to attacks. By analyzing data from previous years and combining it with industry trends, an organization should be able to draw out a pattern as to when cyber attacks happen in that particular industry. Take for example the Holiday Season. The festivity period leaves online shoppers prone to almost 1 million online attacks every day, says a leading security technology company.
Talking about online shopping, a McKinsey report says that cyber attacks are likely to increase. The security feature that merchants and payment facilitators are likely to adapt to combat this is that of tokenization of data. Card details and customer data will be substituted by other numbers or tokens. This will give way to end-to-end encryption and point-to-point encryption.
Look for the small details in big data
Using bid data analysis is another way that a business can safeguard their IT estate and assets from a data breach. By analyzing all the data, anomalies can be drawn. It is possible for a big data analysis to track everything from the number of login attempts made on the website to even the approach and way through which valuable assets are accessed. By doing so the system can firstly set what are the acceptable practices, and then highlight what are the irregularities.
Cybercrimes are getting ever-more sophisticated and hard to trace. To prevent a breach, vendors and users will have to work in tandem so as to avoid cybercrimes. Another tool that is likely to help in prevention as well as prediction of such attacks is embedding and then analyzing behavioral technologies such as typing speed, fingerprints, amongst others.
Adding to biometric or facial recognition, firms will also analyze the typing speed of employees, the patterns through which they access company data, and even understand other behavioral-type usage patterns. This will again help determine some regular habits and thereby highlight discrepancies. These discrepancies are what will lead to the prediction and eventual prevention of cyber attacks.
Comply to stay safe
Software compliance is another aspect of cyber security which will see stricter implementation. Hackers are known to attack the same vulnerabilities again and again. When a software patch is deployed by your vendor, delaying its application is inviting trouble. Hackers look for such opportunities and then breach your system. Keep all your systems updated with the latest editions of software, and also ensure that you are implementing all the security compliance causes that your vendor has asked for. This will help keep your IT estate comparatively safer from a security breach.
Cyber attacks are evolving in nature; we need our security systems to become more alert than ever. Implementing defensive and offensive strategies are what we can do to keep our IT estate safe from cybercrimes. By using a thorough data analysis strategy and by partnering with our software vendors, we can predict and prevent cyber attacks.
About the Author:
Lucjan Zaborowski is the Head of Digital for 1E. Lucjan is also an experienced marketer and project manager with a solid understanding of digital acquisition and optimization, product marketing and program management. He has over six years of experience in multi-channel digital acquisition. He is keen to learn and stay up to date with the latest marketing trends.