November 2017 by Colin Tankard, Managing Director of data security company, Digital Pathways
2017 was another year of major data loss and hacks. These breaches have increased pressure on business and individuals alike, to clearly focus on the importance of securing data. Whether the warnings are heeded, remains to be seen.
Colin Tankard, Managing Director of data security company, Digital Pathways, offers the following 10 predictions for the cyber market in 2018.
1. A major cloud player will be shut down for 24 hours due to a cyber attack and data loss. This will trigger users to question their existing providers as to levels of encryption, where are the keys held and who in the cloud organisation has access to the keys? This will see the growth in third party security services such as Bring Your Own Key (BOYE) will be the mantra, as companies will no longer trust a single cloud vendor and will spread their data around a number of providers to lower the overall risk of data outage.
2. IOT security will remain weak, even with the launch of light encryption. This will be due to manufacturers still using old chipsets that have security flaws.