Big & Wor­ry­ing Tele­coms Se­cu­rity Biz

Voice&Data - - PREEONPLDES -

The num­bers are in­deed wor­ry­ing. A re­cent re­port put forth by Cy­ber­se­cu­rity Ven­tures says that the world­wide ex­pen­di­ture on cy­ber­se­cu­rity is es­ti­mated to go be­yond $1 tril­lion from 2017 to 2021. A dra­matic rise in cy­ber­crime is al­ready un­der­way and more such cases are ex­pected to show up in the com­ing times, be it the much talked about ran­somware epi­demic, mal­ware go­ing be­yond PCs to en­ter lap­tops to smart­phones and mo­bile de­vices, un­pro­tected IoT de­vices, hack­ers-for hire and new forms of at­tacks launch­ing them­selves on con­sumers, busi­nesses, gov­ern­ments, in­sti­tu­tions and be­yond. This is not sur­pris­ing if we take into ac­count the re­port re­leased by Ju­niper Re­search. The re­port says that cy­ber­crime will cost busi­nesses over $2 tril­lion by 2019.

Let’s take the telecom­mu­ni­ca­tion sec­tor as an in­stance. As guardians of net­works, car­ri­ers play a cru­cial role in mit­i­gat­ing new threats that are rear­ing their ugly heads. With time, cus­tomers will ask for more proac­tive pro­tec­tion from the en­tire in­ter­net ecosys­tem or value chain. Car­ri­ers will be ex­pected to sup­port th­ese cus­tomer de­mands with a whole ar­ray of tech­ni­cal and op­er­a­tional in­no­va­tions. If they can take care of the so­lu­tion de­liv­ery part, car­ri­ers will see the de­sire for greater se­cu­rity, a boon of sorts.

While in 2016, we saw a mul­ti­tude of in­stances, in­clud­ing spoofs, ran­somware, phish­ing, and IoT-based DDoS at­tacks, 2017 brings forth a host of new trends. The cy­ber­crime land­scape in In­dia has been wit­ness to a series of breaches off late, be it the hack­ing of Govern­ment agen­cies web­sites, the ATM hack that per­co­lated down from the Hi­machal as well as the myr­i­ads of credit and debit card frauds, post the Dig­i­tal In­dia drive.

Let us take a closer look at some of the trends that we fore­cast for 2017:

Threats will be­come more au­to­mated: Mal­ware will be de­signed as bots, for ex­am­ple, chat­bots. Such bots will be able to eas­ily adapt and func­tion in­de­pen­dently us­ing ar­ti­fi­cial in­tel­li­gence and ma­chine learn­ing to usher in new and in­no­va­tive cy­ber-at­tacks. Such bots will eas­ily pre­tend as hu­mans. Mal­ware will be able to make com­plex de­ci­sions and use anal­y­sis and in­tel­li­gent pre­dic­tion tech­niques to de­tect po­ten­tial threats, based on the en­vi­ron­ment.

As IoT us­age be­comes more com­mon­place, threats will multiply man­i­fold. Gart­ner pre­dicts that more than 20 bil­lion IoT de­vices are pro­jected to be con­nected by 2020. Cy­ber­crime will be a ma­jor chal­lenge with such pro­por­tions in the fore.

Al­though cloud providers are in­tro­duc­ing mul­ti­ple lay­ers of se­cu­rity, cy­ber at­tack­ers are fo­cus­ing on client-end ex­ploits, like tar­get­ing end­point de­vices and net­works.

IoT A boon for cy­ber­crim­i­nals: Cloud com­put­ing risks:

As cities go smarter by em­brac­ing more and more tech­nol­ogy along the way, they will be­come in­creas­ingly prone to cy­ber-at­tacks. From in­tel­li­gent trans­porta­tion and traf­fic con­trols to in­ter­con­nected build­ing au­to­ma­tion and IoT sup­ported build­ings, such tech­no­log­i­cal break­throughs are open­ing up new vul­ner­a­bil­i­ties. Hack­ers may take ad­van­tage of the trend and en­crypt in­for­ma­tion de­mand­ing ran­som in re­turn.

Smart cities are the new tar­get: In­creased in­stances of ran­somware at­tacks:

Tra­di­tion­ally, fi­nan­cial ser­vices,

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