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By VARINDIA    2018-01-01

Where to keep data : in hell or heaven

As we do more and more of our business online, and as criminals realize the value of the data that organizations are protecting, we're seeing morse big-name breaches, more high-profile breaches," says Mark Nunnikhoven, vice president of cloud research at the security company Trend Micro.

 

Secondly, an expert from from security professional predicts, ransomware payments hit $2 billion in 2017, twice as much as in 2016. Meanwhile, Trend Micro predicts global losses from another growing trend, compromised business email scams, will exceed $9 billion next year.

 

Nunnikhoven says, it's an example of an Internet of Things hack with major consequences. The Internet of Things refers to everyday devices, beyond traditional computers and phones, that connect to the internet. The WannaCry infections were so bad that, in an unusual move, Microsoft released a patch for Windows systems that it had stopped updating.

 

A recent news exposes on the cover-up done by UBER, in 2016, hackers stole the data of 57 million Uber customers, and the company paid them $100,000 to cover it up. The breach wasn't made public until this November, when it was revealed by new Uber CEO Dara Khosrowshahi. Now Uber is facing questions from lawmakers. Three senators introduced a bill that could make executives face jail time for knowingly covering up data breaches.

 

Going forward the year 2018 will be, attacks on the Internet of Things will keep hitting industries including airlines, manufacturing and cars as they rely more on so-called smart technology. They face the same cybersecurity challenges that our laptops and our phones do, but they're attached to real things in the real world," he said. "If someone hacks my laptop, my data is at risk. But if someone hacks a robotic manufacturing arm, that entire manufacturing line is at risk."

 

The year's breaches may ultimately change consumer behavior. They proved Social Security numbers and birthdays might not be the best form of secure identification. Criminals buy and sell those numbers for fairly low prices, along with other personal information like addresses, emails and passwords. Lastly, the number of high-profile international breaches has been a wake-up call this year to businesses that security is a top-level item," Nunnikhoven said. "It affects the bottom line."