The unfolding COVID-19 crisis has been the most significant test of the world’s internet infrastructure to date. With employers and schools moving to remote environments, the expectation was that the expanded use of Software-as-a-Service (SaaS) tools like video conferencing would lead to crippling levels of web traffic. On top of that, experts anticipated the increase in internet use would prompt a corresponding rise in network attacks from cybercriminals. Many in the industry were concerned that the internet would not be able to sustain these unseen levels of duress.
While cyber threats continue to be a massive drain on business productivity, there is another, less obvious vulnerability: unintentional employee error. Indeed, a majority of businesses say that simple human error is their leading cause of data loss.
Here, we talk to Mohit Tiwari, CEO and co-founder of Symmetry Systems, about the current threat landscape, the role of CISOs and the unique challenges COVID-19 and work-from-home (WFH) pose to CISOs and security teams.
Regardless of industry, no company can escape the widespread reach and impact of data. Whether a company is collecting account information from customers or aggregating platform usage data, handling large amounts of data has become the norm. While this creates boundless new opportunities for businesses in analytics and real-time decisioning, it also introduces new risks that organizations need to consider and prevent where possible.
Banks, like other businesses, are taking precautions to make customers feel safe during the COVID-19 pandemic. Placing physical distancing markers on the floor, sanitizing ATMs, installing plexiglass partitions at teller booths and requiring scheduled appointments are just some of the ways financial institutions are mitigating risks for customers. Video surveillance can play a vitally important role right now, as banks look to ensure compliance with these new COVID-related safety measures. IP cameras with intelligent security analytics can help rapidly and accurately detect compliance issues, as well as other suspicious or atypical behavior. After all, banks must continue to monitor physical security even throughout the pandemic and today’s IP cameras with intelligent system-on-chip (SoC) technology can help lessen this burden with highly accurate notifications.
The year 2020 has served up some unprecedented challenges for the human race in every aspect, with wireless connectivity more important than ever. Particularly as millions continue to work and learn remotely, our connected world of devices, vehicles, homes and cities is expanding exponentially. According to a report from GSMA and ABI Research, the number of mobile subscriptions worldwide had already reached 8.1 billion by 2017 at an annual growth rate of 5.4 percent. It’s now predicted that by 2025 the number will increase to 9.8 billion, with 3G and 4G representing 51 percent of total subscriptions and 91 percent of the total traffic generated, while 5G subscriptions are expected to exceed 849 million.
Let’s face it, passwords are a pain. As we’ve been pushed towards using longer and ever more complex passwords, and told to update them with increasing frequency, password management has become something of a headache. We’ve gone from simple, easy to remember passwords to 12- or 16-character passwords that must contain a mixture of upper and lowercase letters, numbers and symbols.
According to IDC, by 2025 there will be 41.6 billion Internet of Things (IoT) devices, generating a massive 79 zettabytes (ZB) of data. To put that into perspective, in 2006, IDC estimated that the total amount of electronic data created and stored was a mere 0.18 ZB. This growing amount of data represents a vast and exponentially increasing attack surface, which poses a huge opportunity for cybercriminals and a seemingly insurmountable task for those responsible for protecting and securing it. This task is only made more difficult by the lack of regulation and security measures being built into IoT devices at present. As IoT looks to become a foundational aspect of our everyday lives, it’s vital we, as consumers, understand the threats posed to our devices and the data they store.
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