HP Innovation Journal Issue 09: Spring 2018 | Page 17

S H IVAU N A LB R I G HT
C hief Te ch n olo gist, H P
VA LI A LI
H P Fe llow, C hief Te ch n olo gist fo r S e curit y
a n d Priva c y, Pe rso n al Syste ms B usin e ss , H P
B O R I S BA L AC H E FF
H P Fe llow, C hief Te ch n olo gist fo r S e curit y Re se a rch
a n d I n n ovatio n , H P
S TE P H A N SC H M IT T
H e a d of Pro d u c t M a n ag e m e nt
H P O f f ice Printing S olutio ns
SIMON SHIU
H e a d of S e curit y L a b, H P L a bs
GAGA N S I N G H
V P a n d G lo b al H e a d of Pre mium N ote b o o k
Pro d u c t M a n ag e m e nt, S e curit y, I n n ovatio n a n d S of t wa re ,
Pe rso n al Syste ms B usin e ss , H P
One of the greatest challenges to protecting a business
against cybercrime is the shape-shifting nature of security
threats. Innovation is not the sole domain of the good guys:
cyber criminals are constantly finding ingenious new ways
to tunnel into consumer, enterprise, and institutional IT
systems. They are increasingly professional, more aggres-
sively funded, and better equipped than ever to exploit any
weak link in the security chain.
With everything connected and interconnected, secu-
rity is more important than ever. The rampant rise in
1
cybercrimes—over 1700 significant data breaches in 2016
alone—is pushing cybercrime costs of the global economy
2
to about $445 billion every year. The damage to busi-
nesses from theft of intellectual property alone exceeded
3
$160 billion in loss due to hacking.
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