Welcome!

Artificial Intelligence Authors: Elizabeth White, Liz McMillan, Kevin Benedict, Pat Romanski, Angsuman Dutta

News Feed Item

Coalfire’s Top Five IT Security Predictions for 2013

As the new year kicks off, Coalfire, an independent IT GRC auditor, compiled their predictions for cybersecurity in 2013.

“Last year was a very active year in the cybersecurity world,” said Rick Dakin, CEO and co-founder of Coalfire. “The Secretary of Defense announced that the threat level has escalated to the point where protection of cyber assets used for critical infrastructure is vital. Banks and payment processors came under direct and targeted attack for both denial of service as well as next-generation worms.”

What might 2013 have in store? Dakin predicts the following:

1. The migration to mobile computing will accelerate and the features of mobile operating systems will become known as vulnerabilities by the IT security industry.

Look out for Windows 95 level security on iOS, Android 4 and even Windows 8 as we continue to connect to our bank and investment accounts - as well as other important personal and professional data - on smartphones and tablets.

As of today, there is no way to secure an unsecured mobile operating system (OS). Some risks can be mitigated, but many vulnerabilities remain. This lack of mobile device and mobile network security will drive protection to the data level. Expect to see a wide range of data and communication encryption solutions before you see a secure mobile OS.

The lack of security, combined with the ever-growing adoption of smartphones and tablets for increasingly sensitive data access, will result is a systemic loss for some unlucky merchant, bank or service provider in 2013. Coalfire predicts more than 1 million users will be impacted and the loss will be more than $10 million.

2. Government will lead the way in the enterprise migration to "secure" cloud computing.

No entity has more to gain by migrating to the inherent efficiencies of cloud computing than our federal government. Since many agencies are still operating in 1990s-era infrastructure, the payback for adopting shared applications in shared hosting facilities with shared services will be too compelling to delay any longer, especially with ever-increasing pressure to reduce spending.

As a result, Coalfire believes the fledgling FedRAMP program will continue to gain momentum and we will see more than 50 enterprise applications hosted in secure federal clouds by the end of 2013. Additionally, commercial cloud adoption will have to play catch-up to the new benchmark that the government is setting for cloud security and compliance. It is expected that more cloud consumers will want increased visibility into the security and compliance posture of commercially available clouds.

3. Lawyers have found a new revenue source - suing negligent companies over data breaches.

Plaintiff attorneys will drive companies to separate the cozy compliance and security connection. It will no longer be acceptable to obtain an IT audit or assessment from the same company that is managing an organization’s security programs. The risk of being found negligent or legally liable in any area of digital security will drive the need for independent assessment.

The expansion of the definition of cyber negligence and the range of monetary damages will become more clear as class action lawsuits are filed against organizations that experience data breaches.

4. Critical Infrastructure Protection (CIP) will replace the Payment Card Industry (PCI) standard as the white-hot tip of the compliance security sword.

Banks, payment processors and other financial institutions are becoming much more mature in their ability to protect critical systems and sensitive data. However, critical infrastructure organizations like electric utilities, water distribution and transportation remain softer targets for international terrorists.

As the front lines of terrorist activities shift to the virtual world, national security analysts are already seeing a dramatic uptick in surveillance on those systems. Expect a serious cyber attack on critical infrastructure in 2013 that will dramatically change the national debate from one of avoidance of cyber controls to one of significantly increased regulatory oversight.

5. Security technology will start to streamline compliance management.

Finally, the cost of IT compliance will start to drop for the more mature industries such as healthcare, banking, payment processing and government. Continuous monitoring and reporting systems will be deployed to more efficiently collect compliance evidence and auditors will be able to more thoroughly and effectively complete an assessment with reduced time on site and less time organizing evidence to validate controls.

Since the cost of noncompliance will increase, organizations will demand and get more routine methods to validate compliance between annual assessment reports.

About Coalfire

Coalfire is a leading, independent information technology Governance, Risk and Compliance (IT GRC) firm that provides IT audit, risk assessment and compliance management solutions. Founded in 2001, Coalfire has offices in Dallas, Denver, Los Angeles, New York, San Francisco, Seattle and Washington D.C. and completes thousands of projects annually in retail, financial services, healthcare, government and utilities. Coalfire’s solutions are adapted to requirements under emerging data privacy legislation, the PCI DSS, GLBA, FFIEC, HIPAA/HITECH, HITRUST, NERC CIP, Sarbanes-Oxley, FISMA and FedRAMP. For more information, visit www.coalfire.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...