Cyber crime increase is a given in 2015. The reason being, it has just not been possible to outpace the hackers in their sophistication, speed and resources. So, where should the focus be on to mitigate the risks, and take precautionary steps to minimize all-around losses?
Here are some important areas that will require more attention – service providers and third party tiered suppliers’ security, bring-your-own-device (BYOD) policies, people, a weak link and control of the increasing and collaborative models of cyber criminals.
Service providers and suppliers. Service providers are integral parts of a business, but the danger here is they can also access systems in an organization’s network. Hackers know it is a vulnerable area, and also difficult for retailers to constantly watch and monitor. And, that’s the target criminals will repeatedly focus on.
BYOD. The increase in use of mobile devices by employees has opened up the landscape, especially in the absence of policies. Several companies have ignored the danger that lies within. Organizations need to pay attention and implement some standards. A misused device can gain entry into critical areas holding confidential business and personal information.
People. Training employees to take data security seriously is crucial. This is one side of the equation. The other being, hiring talent to deal with security at a very high, intelligent level.
Cyber world’s collaborative space. The dark world of cyber criminals work with large resources and keep coming up with new methods of targeting organizations. Target on intellectual property which we saw in 2014 will likely increase in 2015.
So, how do we all counter these challenges?