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In 2018, we witnessed some of the biggest data breaches ever – affecting businesses and consumers alike. From social media, hospitality, healthcare and even mail delivery, 2018 proved that there is no escaping cybersecurity flaws, regardless of the type of business or its popularity. For example, we witnessed the data of approximately 500 million Marriot guests get breached and a USPS security flaw that exposed the personal data of more than 60 million people.
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It can be expected that costs associated with cybercrime will rise in the near to medium term and have a material impact on the global economy – while putting individual citizens’ and corporations’ important data at risk by cyber criminals. Due to the convergence of an escalation in the number of security vulnerabilities, an increase in hacker capabilities and tools as well as new legislation being enacted in the European Union, the estimated costs due to cybercrime may be conservative. Read More
Multiple cyber-attacks and compromise of personal information of millions of people globally show that the complexity and intensity of cybersecurity attacks are on the rise, and it could have broader political and economic ramifications. As cybercrimes become more lucrative and cybercriminals become smarter, cybersecurity too will have to be intelligence driven, enabling a swift response to the advanced attacks. Read More
Rene Descartes, philosopher and mathematician, wrote: “Mathematics is a more powerful instrument of knowledge than any other that has been bequeathed to us by human agency.”
Today, a fellow CISO of mine sent out a flash over our private CISO bat channel (yes, we do have these) saying he was leaving his role and heading off to not “do security” anymore. As I read the note, it struck me that this was not the first time I had seen this same scenario in the past month. Read More
