This article by Chris Olson, CEO at The Media Trust, was published in “CSO Online” on January 12, 2018.
There’s no escaping it: costs to recover from a cyber incident continue to mount, projected to reach $8 Trillion by 2022 according to Juniper Research. Enterprises can’t keep pace with the increasing sophistication and cadence of internet-attacks, which are orchestrated by leveraging the components involved in everyday website functionality.
Information security is a growing, multibillion dollar business. Yet, the hits keep coming, with numerous high-profile breaches in 2017 generating unwanted front-page news for Equifax, Dun & Bradstreet, U.S. Securities and Exchange Commission (SEC), Deloitte, Whole Foods Market, Hyatt Hotels, Uber, and Anthem, among others. While there are many facets to the security problem, the digital environment proves to be the most elusive. In fact, the past 12 months bore witness to countless man-in-the-middle attacks, vendor compromises and bots to harm to consumers and employees alike, grabbing credit card data, enslaving system resources, and so much more.
Something is wrong. Could it be that security providers don’t have solutions to address today’s malware problems?