Cyber Security Can't Keep up with Cybercrimes, says IBM Exec

Technology > Security

For business to be protected, companies need to change how they approach online security.  Companies need to implemnt some basic steps to protect themselves from cybercrime such as having backups in place and always being prepared, IBM's executive security advisor Etay Maor said.

Maor stressed that businesses need to run under a when-I-get-hacked instead of an if-I-get-hacked mentality, making security more of a priority than an expediency to release a product.

Cybercrime is its own business. Specifically, "a $455B a year business. It's huge. And it's not going anywhere, it's just growing," Maor said.  It does not discriminate when it comes to big or small businesses, he added. When medium or small businesses get hacked, that information can often be used as a proxy for a larger attack on bigger businesses. Maor noted how we always hear of high profile attacks, but the majority of attacks are e-crimes committed by smaller groups.

While the dark web does have some good qualities, Maor said the dark web is a breeding ground for cyber crime because of the anonymity provided to its users. The attack strategies in the cyber world are terrifying, with many e-commerce websites posing as safe, normal websites, but are instead minefields for cyberattack in the dark web, Maor said.

Maor also emphasized how new technology puts companies at even greater risk. He noted that technology is constantly changing and that security has a tough time keeping up.  He explained that the security industry moves significantly slower than the cybercrime industry because there are no regulations for cybercrime.

Source: Author: JuralMin