In 2015, it seemed no one was safe from hackers. The year began with Sony reeling from a hack that put the studio and celebrities such as Seth Rogen and James Franco in a web of geopolitics and extortion. Seven months later came the high-profile Ashley Madison hack, which resulted in the release of the email and physical addresses for 37 million users. Cybercriminals stole $1 billion from banks in 30 countries as part of the Carbanak hack. Even the Director of the CIA wasn’t safe – his AOL email account was hacked by someone claiming to be a high school student.
Being adequately prepared to respond to a data breach is an ever-changing game – new threats are emerging, new regulations are being put into place and companies must regularly re-evaluate their response plans to ensure they are applicable to today’s threat landscape. Unfortunately, many companies are not reviewing and updating their plans frequently enough – in fact, only 25 percent of companies say they update their response plans once or twice a year. Not to mention that no matter how well prepared and updated a company’s plan is, an actual live breach response can present unforeseen challenges that cause companies to stumble.
While the U.S. continues to dominate – with more than 80 percent share of the global market in 2015 – a recent report by Zion Market Research forecasts Asia Pacific and Latin American regions to experience considerable future growth in demand for cybersecurity solutions.
In contrast to the United Kingdom’s decision to exit the European Union this summer, The African Union (AU) has moved further toward the free cross-border movement of goods and people with the launch of the new pan-African passport.
Earlier this month, AlliedBarton Security Services and Universal Protection Services completed its merger, creating Allied Universal – an enterprise with more than 140,000 employees and estimated annual revenues of approximately $4.5 billion.
Fraudsters’ methods continually evolve to counter new fraud protection measures and with personally identifiable information, they could steal a customer’s identity or create a synthetic identity. Once a fraudster captures this information, if they are able to access a customer account or open an account, it creates a nightmare scenario with significant repercussions for the business and the customer.
Consolidation and technological advances are changing the face of the guarding industry. How will this affect enterprise security leaders? Learn more about changes to the security officer services industry as well as the Top Guarding Firms Listing in the December 2016 edition. Also in this issue: a new financial focus on cybersecurity, what to do in your first three months as a new CSO, the ostrich style of security management, and more.