{"id":6676,"date":"2016-09-28T07:00:35","date_gmt":"2016-09-28T15:00:35","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=6676"},"modified":"2016-08-26T06:48:18","modified_gmt":"2016-08-26T14:48:18","slug":"security-emerging-cybersecurity-risks","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/security-emerging-cybersecurity-risks\/","title":{"rendered":"Security: Emerging Cybersecurity Risks"},"content":{"rendered":"<p>Cyber attacks are now at the top of the list of emerging risks that threaten businesses, according to a survey by the <a href=\"http:\/\/www.businessinsurance.com\/article\/20160424\/NEWS06\/304249980\/cyber-exposures-top-list-of-emerging-risks?tags=%7C83%7C302%7C299\">Risk and Insurance Management Society<\/a>.<\/p>\n<p>A <a href=\"http:\/\/www.iisp.gatech.edu\/sites\/default\/files\/documents\/2016_georgiatech_cyberthreatsreport_onlinescroll.pdf\">recent report from Georgia Tech<\/a>\u00a0sumamrizes the state of cybersecurity and highlights the following challenges:<\/p>\n<ul>\n<li>Individuals increasingly surrender their privacy, information, and trackability in return for convenience, free apps and content.<\/li>\n<li>Internet of Things (IoT) technology is being deployed rapidly but provides cyber holes that are easy to attack and exploit.<\/li>\n<li>IT and the digital economy have become increasingly widespread, yet there remains a lack of highly trained security workers<\/li>\n<li>The level of cyber espionage is relentless and only increasing<\/li>\n<\/ul>\n<p><a href=\"http:\/\/blogs.gartner.com\/john-wheeler\/gartner-top-ten-cybersecurity-predicts\/\">A recent presentation<\/a> by <a href=\"http:\/\/www.gartner.com\/analyst\/41058\/John-A.-Wheeler\">John A Wheeler from Gartner<\/a> made some predictions about cybersecurity risks which include:<\/p>\n<ul>\n<li>Over the next five years, 99 percent of all vulnerabilities that will hit businesses will be one that were publicly known about for more than one year.<\/li>\n<li>Shadow IT by employees will be the origin of one third of successful attacks<\/li>\n<li>By 2019 the use of password will begin to be widely replace by other recognition technologies<\/li>\n<li>By 2020 about one-quarter of enterprise attacks will have been initiated from IoT<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.stmarytx.edu\/faculty\/sommer-david\/\">David Sommer<\/a>,\u00a0Head of Risk Management at St. Mary&#8217;s University, <a href=\"http:\/\/www.businessinsurance.com\/article\/20160424\/NEWS06\/304249980\/cyber-exposures-top-list-of-emerging-risks?tags=%7C83%7C302%7C299\">said\u00a0that<\/a> &#8220;aside from the rapid change of pace. \u00a0Another challenge of cyber risk is that it requires such a multifaceted approach to deal with it. Part of it, of course, is highly sophisticated technological responses, but it also involves the human element: educating employees about the risks of keeping sensitive data on laptops or carelessly opening email attachments. \u00a0A\u00a0thoughtful crisis management plan to minimize financial and reputational damage after a cyber event occurs is essential.&#8221;<\/p>\n<div class=\"lightsocial_container\"><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/digg.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fsecurity-emerging-cybersecurity-risks%2F&amp;title=\" target=\"_blank\"><img decoding=\"async\" class=\"lightsocial_img\" src=\"https:\/\/formtek.com\/blog\/wp-content\/plugins\/light-social\/digg.png\" alt=\"Digg This\" title=\"Digg This\" \/><\/a><\/div><div class=\"lightsocial_element\"><a class=\"lightsocial_a\" href=\"http:\/\/www.reddit.com\/submit?url=https%3A%2F%2Fformtek.com%2Fblog%2Fsecurity-emerging-cybersecurity-risks%2F&amp;title=\" 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A recent report from Georgia Tech\u00a0sumamrizes the state of cybersecurity and highlights the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/security-emerging-cybersecurity-risks\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-6676","post","type-post","status-publish","format-standard","hentry","category-security"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/6676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=6676"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/6676\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=6676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=6676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=6676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}