IoT complexity to lead to security vulnerability
According to Cisco’s Visual Networking Index (VNI), it is predicted that there will be approx. 26 billion IP network connected devices by 2020. With the Internet of Things (IoT) reaching the level of enterprise networks, government systems and general user handsets on such a large scale, security vulnerability will continue to plague these connected devices. Due to complexity of protocols and standards, the absence of skilled resources to manage IoT environment, low-quality products with vulnerable security measures and intricate architectures, IoT devices have already been attacked by hackers, which is expected to get worse in 2017. In fact, organizations are still not equipped enough to review even their popular malware apps, resulting in DDoS attacks and even leading to provide an entry point into corporate networks for APTs and ransomware.
The way forward: The battle is won by those who will be able to secure their IoT devices with customized solutions.
Cloud security to gain prominence
Cloud security breaches have prevented many organizations from embracing cloud computing for a long time. However, this year may see a reverse pattern of cloud security expected to emerge in the IT ecosystem. Cloud security certificates such as Certificate of Cloud Security Knowledge (CCSK), Cloud Security Alliance (CSA) and Certified Cloud Security Practitioner (CCSP) provide a sense of refuge for organizations planning to join the cloud computing bandwidth. In addition, the industry is generally seen to share best practices and advice on how to embark on cloud integration safely. With organizations trusting to implement cloud, just like their local solutions, cloud adoption is expected to increase in the coming year. However, the speed of acceleration will depend entirely on strengthening cloud security practices and limiting cloud security breaches.
The way forward: Investing in Cloud Security-as-a-Service would make sense for businesses as it will help minimize security breaches while reducing the cost of buying and maintaining firewalls.
Ransomware and malware everywhere
Malware attacks have become sophisticated over the years as they continue to transform and go beyond the defense offered by most antivirus products and security vendors. As companies look to adopt telecommunications, introduce wearables and connect scattered workforce through IoT-enabled devices, attackers are also expected to use technology to access corporate networks through employee devices and hack the system. Mobile malware may be one of the leading issues in 2017 that companies should tackle in a proactive way. In fact, mobile data breaches may cost a business about $ 26 million per year. Study by Lookout, a mobile security firm, and the Ponemon Institute, an independent research firm focused on privacy, data protection and information security. With the proliferation of 4G and 5G services and the increase in Internet bandwidth, mobile devices can also witness greater vulnerability to DDoS attacks.
Along with malware, ransomware will also continue to evolve in the coming year. Ransomware attacks on cloud and critical servers may witness an increase as the hackers would keep organizations on tenterhooks to part with the blackmail amount or face the risk of shutting down an entire operation. However, such payments may not even guarantee companies the future security of their data or even the recovery of their current data.
The way forward: Stop being held by ransom. Secure your devices and servers with customized security solutions.
Automation to work around skill gap
Finding qualified IT resources will continue to be a major problem for the industry, and new methods are also expected to bridge this gap. One of the biggest trends predicted this year would be to use automation to perform certain tasks, especially those that are repetitive or redundant. This will help IT professionals focus on important tasks and businesses will get the most out of their workforce.
The way forward: Implementing the right automation solution will help IT professionals get instant access to all malicious threats instead of manually scouting for violations.
Sure SDLC, the way forward
Although testing is considered an important part of application security, it is often referred to at a later stage in code development. In the absence of regulations or industry norms, companies are often seen applying their own methods when it comes to coding, focusing on developing codes quickly rather than safely.
The current Software Development Life Cycle (SDLC) process, with its five main phases – design, development (coding), testing, installation and maintenance – has a huge lack of testing that is done at a later date. Security vulnerabilities are usually controlled by methods such as pen testing at a time when the solution is almost ready to be released on the market. This can cause the system to be susceptible to attacks for any code that remains unchecked. In the coming year, the industry is expected to take it a step further by adopting Secure-SDLC (sSDLC) to work around such issues. With sSDLC, code changes are automatically analyzed and developers are notified immediately in case of vulnerability. This will help educate the developers about bugs and make them security conscious. In addition, vendors will also be able to prevent vulnerabilities and minimize hacking events.
The way forward: Moving towards secure SDLC will help companies get the code right from the start, saving time and costs in the long run.
MSP still remains the need for the hour
Managed service provider (MSP) was adopted to help businesses manage their hosted applications and infrastructure, and many predicted that with cloud deployment, it could become redundant. However, over time, it has been seen that MSP is still a core of many business services. While most companies are switching to cloud, many companies with critical applications cannot take their infrastructure to the cloud ecosystem due to compliance or regulatory issues. These still need to be managed and maintained.
Further, the implementation and management of mixed environments, cloud and local, mature skill sets require. MSP not only helps provide the right guidance, but even helps companies choose appropriate hosting, taking into account the company’s budget and compliance and security policies that are prevalent in the industry.
The way forward: MSP is expected to go beyond managing the IT environment. Such providers can become business extensions for companies to advise them on policy and process management.
Threat of intelligence to become strategic and collaborative
According to EY’s Global Information Security Survey, although organizations are seen making progress in the way they sense and resist current cyberattacks and threats, significant improvement is still needed to tackle sophisticated attacks. For example, 86 percent of respondents in the survey stated that their cybersecurity function did not fully meet their organization’s needs. It is expected that the growing threats, the rise of cybercrime, geopolitical shocks and terrorist attacks will continue to cause organizations to develop their approach to being resistant to cyber attacks.
Incorporating cyber security strategy into the business process can also become an important component. For example, Microsoft recently revealed its $ 1 billion investment plans. USD to implement a new integrated security strategy across its portfolio of products and services.
The way forward: Cyber security can no longer be handled in a silo by a company. Businesses need to tackle the problem by working collaboratively in sharing best practices and creating war room programs.