The rapid advancement of technology has opened up new possibilities for businesses to connect with their employees and customers. However, with these opportunities also come new risks and vulnerabilities that can be exploited by hackers. In order to stay ahead of these threats, it is crucial for technology leaders to not only understand the latest cybersecurity threats and countermeasures but also to adopt new technologies responsibly. Verizon’s 2022 Data Breach Investigations Report (DBIR) reveals that cybercrime is on the rise, with ransomware being used in almost 24 percent of malware breaches in the past year.
One of the key findings from the DBIR is that 40 percent of ransomware incidents involved the use of desktop-sharing software, while 35 percent were initiated through email. Ransomware attacks not only result in a loss of data access but also require companies to publicly report a data breach, as the attackers often steal a copy of the organization’s data. Interestingly, these attacks are four times more likely to come from external threats rather than from within the company, and around 80 percent of breaches are attributed to organized crime.
Despite the increasing risks posed by cybercriminals, the need for innovation and technological advancement remains constant. However, it is essential for IT decision-makers to understand the potential security risks associated with newer technologies and implement measures to protect their organizations. One example of a technology that requires careful consideration is 5G. While 5G offers faster speeds and greater connectivity, it also introduces security risks, particularly if not implemented securely. Businesses looking to adopt 5G-enabled technologies like Internet of Things (IoT) devices must ensure that the firmware of these devices is not vulnerable to exploitation. Failure to secure device firmware can leave networks susceptible to cyberattacks.
Another technology that requires attention is blockchain. While blockchain technology itself offers security benefits, unauthorized changes to blockchain systems can result in data theft, fraud, and other security breaches. To address this, organizations should focus on maintaining machine state integrity, which involves continuously monitoring and identifying changes to systems within an environment. Implementing blockchain-inspired security solutions can help enhance an organization’s security posture, but it is important to focus on the practical security benefits rather than getting caught up in the intricacies of the tool itself.
Artificial Intelligence (AI) and Machine Learning (ML) are also driving advancements in cybersecurity. ML-driven threat hunting systems can significantly reduce the time it takes to detect and respond to cyber threats. By automating certain security activities and accelerating incident response, organizations can better protect their networks and data.
In order to successfully embrace new technologies, organizations must ensure that their security architecture is up to date. Understanding the risks associated with advanced technologies and implementing the appropriate cybersecurity measures is crucial in today’s threat landscape. As the saying goes, “an ounce of prevention is worth a pound of cure.” By prioritizing cybersecurity and taking proactive measures, organizations can mitigate the risks posed by emerging technologies and safeguard their sensitive information.
Jennifer Varner, the Director Security Solutions Sales – North America at Verizon Business, emphasizes the importance of understanding and addressing cybersecurity threats in the context of advancing technologies. She leads Verizon’s Security Sales Organization, which focuses on helping customers improve their security postures and reduce risk through a range of secure network solutions.
In conclusion, as technology continues to evolve, so do the threats that businesses face. It is imperative for organizations to stay updated on the latest cybersecurity threats and countermeasures and to implement appropriate security measures when adopting new technologies. By prioritizing cybersecurity and ensuring that security architectures are aligned with advancing technologies, organizations can minimize the potential risks and vulnerabilities associated with these innovations.