Data Breach Industry Forecast Offers Businesses Predictions and Advice

Data Breach Industry Forecast Offers Businesses Predictions and Advice

Experian’s Data Breach Resolution released its Data Breach Industry Forecast on Tuesday in an effort to help key business decision makers prepare against cybercrime in the year ahead.

As technology becomes more ubiquitous, businesses face more cybersecurity concerns than ever before. Experian’s Data Breach Resolution released its Data Breach Industry Forecast on Tuesday in an effort to help key business decision makers prepare against cybercrime in the year ahead.

Based on Experian’s data and experience, they’ve forecast the following five data breach trends for 2018 and offered advice on how to prepare:

  1. The U.S. may experience its first large-scale attack on critical infrastructure, causing chaos for governments, companies and private citizens. Reportedly, 40 percent of industrial enterprises faced cyberattacks in the second half of 2016, and threats may continue to increase as hackers aim to create confusion and chaos. Public and private sector organizations need to make sure that they use the strongest technology available to thwart cyber criminals.  
  2. Failure to comply with new EU regulations will result in large penalties for U.S. companies. The EU passed the General Data Protection Regulation in 2016 and its scheduled enforcement date of May 25, 2018. The GDPR lays out strict requirements on the ways companies worldwide should process, store and secure EU citizens’ personal data. These requirements include some of the best practices companies should already have in place, and businesses should invest time and resources into them to avoid repercussions or damage to their reputation.
  3. Perpetrators of cyberattacks will continue to zero in on governments, which could lead to a shift in world power. With cyberattacks toward the British and Scottish parliaments in 2017 and the U.S. Democratic Party, it’s clear that hacking attempts to destabilize and disrupt governments and the like are growing in popularity. As governments take steps to further protect governmental processes, the private sector should work toward strategies for global business continuity in the face of data breaches.
  4. Attackers will use artificial intelligence to render traditional multifactor authentication methods useless. AI provides possibility for technology and security, but cybercriminals can use those capabilities to scan software to identify and exploit unknown weaknesses—in record time, making time-consuming hacks more efficient. Businesses should stay up to date on security technology available to protect personally identifiable information and ensure they use patented security technology to keep hackers out.
  5. Vulnerabilities in Internet of Things (IoT) devices will create mass confusion, leading to new security regulations. Consumer demand and use of IoT devices has increased, and with it, hacking opportunities. The interconnectedness of IoT devices makes them great target for advanced hacks and ransomware. Businesses using smart devices must consider IoT-specific risks in their response plans.

About the Author

Jessica Davis is the Associate Content Editor for 1105 Media.

Featured

  • Just as Expected

    GSX produced a wonderful tradeshow earlier this week. Monday was surprisingly strong in the morning, and the afternoon wasn’t bad at all. That’s Monday’s results and asking attendees to travel on Sunday. Just a quick hint, no one wants to give up their weekend to travel and set up an exhibit booth. I’m just saying. Read Now

    • Industry Events
    • GSX
  • NOLA: The Crescent City

    Twenty years later we finds ourselves in New Orleans. Twenty years ago the aftermath of Hurricane Katrina forced exhibitors and attendees to look elsewhere for tradeshow floor space. Read Now

    • Industry Events
    • GSX
  • Nothing Artificial About this Intelligence

    I have been looking forward to this year’s GSX show in New Orleans, the Cresent City, or if you prefer The Big Easy. It seems like quite a while since we’ve been here. Twenty years ago, ASIS, as it was known then was literally washed out of the city by someone known as Katrina. It is a good thing to come back to NOLA. Read Now

  • From Monitors to Mission Control

    Security Operations Centers (SOC) were once defined by rows of static monitors, each displaying a single feed with operators quietly watching for issues. That model has become obsolete. Incidents evolve too quickly, data comes from multiple locations, and decisions must be made in seconds—not minutes. Read Now

  • New Gas Monkey Garage Venue Uses AI-Enhanced Video Technology

    Gas Monkey Garage, the automotive custom shop and entertainment brand founded by Richard Rawlings of Fast N’ Loud TV fame, has opened a vibrant new restaurant and bar in South Dakota, equipped with advanced, AI-enhanced video tech from IDIS Americas. Read Now

New Products

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.