What to Expect from Cybersecurity in 2016

By Chris Rouland

As mentioned in a previous blog post, PwC and CSO have claimed 2015 to be a watershed year for cybercrime. More and more organizations are dealing with critical security incidents, leading to greater data security budgets and an increase in demand for cybersecurity services in 2016. Atlanta is poised to be a cybersecurity hub for companies looking to secure their organizations, particularly around networks, data and devices. According to the Atlanta Business Chronicle, metro Atlanta is a top three market for cybersecurity businesses, with Georgia representing 25 percent of the worldwide security revenue market share. Bastille, along with our fellow Cybersecurity Forum representatives Pindrop Security, Ionic Security, and NexDefense, is set to aid businesses in the next year to secure their critical data from online hackers.

Security experts agree that there are two kinds of companies: those that have been hacked and those that have been hacked and don’t know it yet. Smart companies are looking ahead to the future of cybersecurity by doing the following:

  1. Staying aware of emerging threat vectors. This need will likely grow as new security vulnerabilities are introduced into an enterprise via the cloud and IoT, expanding the threat landscape and giving hackers more access points for intrusion. Even though cybercrime doesn’t discriminate, there are certain industries that are at greater risk than others. Dell Secureworks just released a report highlighting the financial gains from individual records obtained on the black market, suggesting that the health care and financial services industries will continue to be targeted by hackers in the next year.
  2. Securing networks, data and devices. The last decade has focused primarily on network defense; however, the cloud introduces a new channel for data traffic and it’s often outside of the control of IT. It’s important that IT professionals understand how data flows both inside and outside the organization and takes measures to secure safe passage from network to device.
  3. Giving their CISOs a place at the boardroom table. It is common for boardroom executives to pay the most attention to issues that directly affect the bottom line, but it’s crucial that they also be educated on technical issues. The burden lies on the entire IT organization to better quantify and articulate cybersecurity risks to other members of the C-suite and provide justification for greater focus on cybersecurity within the organization.