Intelligent CIO Europe Issue 02 | Page 38

////////////////// ROMAN CUPKA, PRINCIPAL CONSULTANT AT FLOWMON NETWORKS 2 017 was a busy year in the realms of cybersecurity. Ransomware spread like wildfire. The cyber underworld exploited security holes in operating systems resulting from code leaked from government secret services, as well as thousands of documents pilfered from the CIA about their cyber intelligence operations and hacking tools. Hackers interfered with election campaigns and they also continued their tradition of keeping a number of websites and services under fire with DDoS attacks. What do these events mean for every day operations of security managers in 2018? Prepare your infrastructure for another round of DDoS attacks For any application-driven organisation, DDoS attacks still represent cyber threat number one. Various statistics and information from monitoring devices show an annual increase in double-digit rates in the growth of attacks, but what is worse is that today, these type of attacks in comparison with 2015 are on average up to four times greater. New types of botnet have also arrived on the scene to control devices connected to the Internet of Things (IoT), which consequently pave the way for a DDoS attack. There are several DDoS protection solutions – in cloud, in-line and 38 INTELLIGENTCIO out of path – and organisations should prepare themselves. Strengthen your security architecture with behaviour analytics The coming year will see the number of ransomware cases increase, especially with using the popular cryptocurrency, as increasingly sophisticated ransomware on the dark web has become an extremely popular and easily available moneymaking tool not only for criminal groups, but also for some state regimes. For example, a lifetime license for the Halloween malware can be bought for US$40. With the growth of sophisticated ransomware, security tools based on behaviour analytics have grown in significance due to their ability to discover malicious code bypassing firewalls and end-point security. Think about insurance against cyberattacks If you want to buy insurance against cyberattacks, which is much more likely today than being involved in a transport accident, in many countries you would look in vain. In the USA in 2017, the insurance market for cyberattacks was worth US$1.5– 3 billion and will grow to over US$20 billion by 2025. Forward-looking companies are now beginning to take cyber threats seriously as a significant business risk and not only as an IT problem. In the northern countries of the European Union and the USA, cyberattack insurance is used by one-third of companies. In 2018, this type of insurance will appear in other countries, so it is a good time to assess its benefits. A shortfall of IT security experts The new stricter legislation with the threat of severe penalties, cyberattacks more sophisticated and more aggressive than ever before, the acceleration of business digitisation and the greater damage to businesses with the unavailability of their services have all led to an increasing demand for experts in IT security. According to some estimates, there is a global shortage of two million cybersecurity professionals who should fulfil the new roles in companies and public administration resulting from the more stringent legislation and requirements for greater security of digital technologies. www.intelligentcio.com EDITOR’S QUESTION