October 16, 2018
October 9, 2018
Posted January 6, 2015
The Best in the Business Warn That Retail, Healthcare, Banks and Other Financial Institutions Will Be High-Priority Targets for Hackers
As soon as the calendar flips to a new year, modern-day Nostradamus’s start cropping up like corn in Iowa in July with predictions on everything from Super Bowl winners to potential presidential candidates. But, while everybody’s entitled to an opinion, has one and usually doesn’t have to be coaxed to offer it, not all carry the same weight.
In his story on investors.com, Michael Perrault interviewed the leaders of some of the nation’s leading hi-tech security companies to get their projections of what cyberdangers to be aware of in 2015. The following has been excerpted from his story and edited to fit our format.
Reed Taussig, ThreatMetrix CEO, says stock exchanges could be compromised
[Last year Reed Taussig] forecast…that cybercriminals would increasingly exploit passwords in major data breaches in 2014 — a prediction that came true
“There are endless opportunities for hackers to steal personal information, and that’s not going to stop in the coming year. It’s going to get worse. I would venture to guess that in 2015 one of the world’s major stock exchanges may very well be compromised, which has the potential to result in severe economic damage on a global basis.”
The Internet of Things a weak point
Network security firm Fortinet expects hackers to “pry open the Internet of Things” and follow the path of least resistance as more devices are connected to networks. Attackers will exploit new loopholes to infiltrate high-profile financial and retail computer systems.
Breach insurance will spread
ThreatStream, which helps companies understand the latest threat environment, expects “breach insurance” to become the new norm, particularly in retail, restaurant chains and health care.
Small and midsize biz under greater threat
FireEye foresees more attacks on small and midsize businesses as larger companies shore up defenses. FireEye cited an example of a New York mannequin maker with 100 employees that lost $1.2 million when hackers stole online banking credentials through a series of fraudulent wire transfers.
Hackers increasingly will target the legal sector, seeking intellectual property, financial data and inside information on strategic business initiatives of law firm clients….
To paraphrase Shakespeare, will the past be prologue?
“Just this year (2014) in the U.S. alone, there have been 42 publicly reported breaches of institutions comprising the banking, credit and financial industry, in which 1,182,492 known records were exposed,” [noted] Carl Leonard, principal security analyst for…security firm Websense….