Last year, we saw the largest DDoS attacks ever seen to record-breaking numbers of data breaches to the implementation of the GDPR, making 2018 an unforgettable year for cybersecurity.
With hackers developing increasingly sophisticated ways to attack enterprises every day, it is important for organizations to stay one step ahead of potential cyber-crimes. Thanks to the Internet of Things, the ability for bots to cause havoc at a global level has increased significantly since last year. As technology continues to evolve, it has been accompanied by smarter, more malicious and much harder to detect risks and threats. With the ever-increasing intelligence of bots, the increasing complexity of clouds and the IoT space, cybersecurity will be dominating meeting room and boardroom conversations.
Who run the world? Bots!
Organizations will definitely be seeing an increase in cyberattacks, but what will they entail? Most believe this year is the year of attacks launched by botnets aka “low and slow” attacks that aim to remain under the radar for as long as possible and to steal as much data as possible.
To protect themselves, businesses will need to adopt bot management solutions, which identify, categorize and respond to different bot types. The technology uses behavior-based bot detection and continuous threat analysis to distinguish people from bots.
Replacing cybersecurity with cyber resilience
Smart and efficient organizations will stop thinking of cyber security as a separate function of the IT department, and instead adopt it as a posture throughout the entire business. The concept of cyber resilience brings the areas of information security, business continuity and resilience together, which ultimately allows organizations, big or small, focus on their ability to continuously deliver business operations in spite of any cyber-attacks or incidents.
As more sophisticated bots become more capable of accurately mimicking human behavior online, it will make it harder for bot solutions to detect and block their activities. Effective bot management tools are crucial for addressing this threat, which is where the mindset of cyber resilience is especially crucial. That being said, concerns around cybercriminals and threats from bots discovering innovative ways to attack organizations will and should be a forefront of every cybersecurity executive’s mind as we progress in the era of digital transformation.
All in all, cybersecurity executives will need to do more to ensure cybersecurity is communicated from the boardroom to the rest of the organization, helping staff understand the threats they face in the ever-evolving technology landscape.
ABOUT THE TRANSFORMATIONAL FSI CISO ASSEMBLY
The Millennium Alliance is thrilled to present our bi-annual Transformational CISO Assembly, taking place in Nashville, TN.
With the instances of cyber attacks increasing, businesses of all sizes are working tirelessly to secure their networks, devices, and data. Fortune 500 organizations are especially vulnerable as they have big data pools and thousands of people who need access. CISOs need to plan for worst-case scenarios, stay ahead of the latest IT Security transformation technology, and maintain their company’s information assets, all without losing sight of the corporate culture.
Are you a CISO interested in attending this event? Enquire here today to find out if you qualify for Millennium Membership >>