As we enter the New Year, organizations globally are accessing the biggest security threats set to impact their organization and developing risk management strategies to help ward off cyber threats.

According to Flashpoint’s first “Business Risk Intelligence- Decision Report”, corporate security concerns will step from insider threats, hostile nation-states, and the growth of new technologies connected to the Internet of Things. Threats from last year expected to increase also include foreign actors, disruptive hackers, cybercriminals, hacktivists, and jihadi cyber-attacks.

Of the top three security concerns for 2017, hostile nation-states pose an increased threat to Western countries in particular.

Experts have grown increasingly concerned with insider threats as this threat has been deemed the biggest threat to nearly every organization. From dissatisfied work, desired supplementary income to unintentional accidents, insider cases have seen a drastic popularity and are expected to rise in 2017.

The demand for convenience is ramping the speed-to-market for IoT products, but these new technologies often times lack embedded security measures. Subsequently, consumers are connecting dozens of devices and increasing the attack space, or number or devices, that can be involved in a cyber-attack.

Whether due in part to complacency or naivety, the majority of organizations have failed to adapt security processes and procedures to reflect the changing threat landscape we face. It is crucial that organizations start to embrace a higher level of best practice and governance in security processes and procedures and, in particular, extensive internal defenses coupled with continuous compliance monitoring

 

 

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