Issues in Combating Cyber Security
Experts and sources have predicted 2015 the year for greater cyber security risks than ever for businesses. Businesses and thought leaders are ever more concerned with the alarming risk of cyber attacks that lead to theft of confidential company data.
The crackdown against cyber crime is met with a series of challenges owing to the emergence of newer types of malicious software used by hackers to steal confidential information that was not known before.
In this post, we present the top three cyber security challenges today.
Cybercriminals do not come in the form of lone individuals seeking to capitalize on weak security systems as many would think. They come in the form of highly organized cyber crime gangs which consist of some of the most advanced hackers in the world.
They are quick in disseminating new malicious software tools and tactics that many companies and experts cannot anticipate. In many cases, their methods do not become well known except after a lot of time has passed, by which time, they have come up with smarter ways to hack data.
A report produced by McAfee states that more than 20 cybercrime gangs from Russia have capabilities that can rival that of nation-states. The report further highlights how cybercriminal activities from such sophisticated gangs are being focused on financial fraud that will become almost impossible to detect.
The rise of advanced cybercriminals has pressured governments to take serious initiatives to curb the threats these hacker rings pose for businesses and governments alike.
Lack of secure systems
The lack of effective security systems is another challenge in combating cyber security. The systems currently set in place either have very poor standards for protecting data or outdated to tackle new and more sophisticated types of malicious software.
Most of the devices and systems connected through the Internet of things (IoT) for instance, lack stringent standards of security, including CCTV cameras, home security systems, and more. According to a report from SOPHOS, many of the platforms outside the Microsoft operating system have substantial flaws that have not been observed by the industry for more than a decade.
More importantly, platforms such as mobile devices and cloud computing, is where most of the concern lies in cyber attacks. The prominent case of Apple’s iCloud hack has caused a significant rise in security concerns in the rapidly growing Cloud market. The mobile platform, which many users are increasingly using for browsing the internet, lacks the advanced security codes to avoid credit card theft and loss of confidential customer information.
A more worrying challenge is the lack of skills among staff to counter the impediment of cyber attacks. There are simply not enough of highly advanced security professionals who are the ‘good guys’. This skills gap is likely to worsen if governments and institutes do not focus on training and cultivating people to become security risk experts who can get jobs at companies.
Some governments have realized the importance of taking serious steps to close the skills gap; however, they anticipate that it can take as long as 15 years to address the urgent data security professional demands by companies.
It is a troublesome reality that the ‘bad guys’ are several steps ahead in their expertise, and 15 years down the line, it will evolve into more sophisticated methods of data theft.
The challenges pertaining to the crusade against cybercrime is one that will require a lot of effort and resources. Businesses need to prepare for the future and initiative goals that can help minimize the scale of the threats they face.