Top 5 cyber security trends for 2018
Only a month into the new year and we’ve already seen a number of threats within the last few weeks, most notably the Spectre and Meltdown vulnerabilities. One thing’s for sure, sadly, cyber-crime is only going to increase. With this in mind, we thought we would look at the top 5 cyber security trends, challenges and threats that await us all in 2018.
We’ll start off with the obvious challenge, GDPR. If you haven’t already started your preparations for the new regulations arriving in May, time is of the essence. With the relatively new threat of cyber-crime, keeping your data safe and secure is the foundation of GDPR.
Having appropriate practices in place to prove you are adhering to these security standards is essential. Considering the high profile breaches of 2017, we will more likely see further regulations designed to dictate how businesses should behave during a security breach or, the minimum levels of detection and prevention controls they require.
There’s still speculation about what will happen when the regulation comes into force, but the question of precisely how much non-compliance with the GDPR will cost your business could be staggering. In fact, companies could incur 4% of your group’s annual turnover or £20 million, whichever is larger, for not adhering to GDPR.
It’s never been more important than now to keep your data safe and secure.
2. Businesses being proactive about ransomware
Ransomware continues to seriously harm businesses of all sizes and there’s no sign of it stopping any time soon. It’s not yet clear if we will ever eradicate ransomware, but we are learning from recent attacks. From WannaCry hacks to DDE exploits, these attacks have highlighted the need of taking a proactive stance against ransomware.
A growing trend has seen companies take cyber threats seriously, looking into how they can better equip themselves against such threats. A trend we expect to continue throughout 2018.
Businesses taking these simple steps, such as next generation anti-virus, or even simply being made aware of recent attacks exploiting known vulnerabilities, can dramatically reduce the impact of ransomware.
3. There’s a skills shortage
Cyber security is a minefield! Having a professional cyber security consultant within your company is a luxury that businesses can’t afford and ultimately can leave organisations open to a number of vulnerabilities, that can be easily exploited.
We’re seeing an increase in businesses not only outsourcing to external cyber security specialists, but also in educating their current employees.
Companies are investing heavily into training their employees as they understand their end-users could be their weakest link in their network security. Even the strongest of cyber defences are rendered useless if an attacker can dupe an employee into handing over login details.
With cyber-attacks more frequent, cyber specialists are in demand and their salaries are increasing, making it harder for businesses to employ cyber consultants themselves, meaning this trend is only going to continue throughout 2018.
It may not be new or at the top of your priorities, but we’re seeing an increase in businesses using a patch management service. Sometimes considered an inconvenience or even creating issues, this can be the case if it’s not managed correctly.
When managed correctly, patching is becoming essential to keeping your devices up-to-date, stable and secure, highlighting your vulnerabilities. In fact, with your devices patched you are less likely to be affected by a cyber-attack as around 70% of cyber-attacks exploit known vulnerabilities.
The number of data breaches in 2017 that were made possible by known vulnerabilities and a sluggish approach to patching is a cause for concern.
If everyone took a fresh approach to a patch management strategy, we would likely see a dramatic drop in data breaches.
5. Getting accredited
Businesses of all sizes are prioritising their cyber security and, with the impending GDPR regulations, 2018 is certainly a year to showcase you’re complying with the correct guidelines.
Getting your business accredited, is one way of highlighting just how seriously you take the security of your company. But with so many accreditations out there, which one is right for your business?
Cyber Essentials is the only Government-backed accreditation, and is widely accepted as a good, basic protection to get in place for any business operating in the UK. This accreditation has been hugely popular during 2017 and there’s no sign of this stopping.
Cyber Essentials is a framework that sets out how to address the basics and prevent the most common attacks, making it an excellent start to becoming cyber-secure.
How CyberGuard can help…
CyberGuard Technologies, a division of OGL Computer, a company that’s been in business for over 40 years, and understands the industry, can offer help and guidance to any of the above issues.
For more information on how we can help, you can talk to one of our Security Consultants or email us here and we’ll be happy to give you a call.