Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Technology

FORTINET’S FORTIGUARD LABS REVEALS TOP 4 SECURITY PREDICTIONS FOR 2014

Security Predictions

Expected Trends Include Android Malware Migrating to Industrial Control Systems, Cybercriminals Battling it Out in the Deep Web and More Attacks Targeting Windows XP

 Fortinet® (NASDAQ: FTNT) – a global leader in high-performance network security – today revealed FortiGuard Labs’ 2014 security predictions, highlighting 4 threats to watch out for next year.

Top 4 Security Predictions for 2014

1.    Android Malware Expands to Industrial Control Systems and Internet of Things

As sales of mobile phones likely plateau in the coming years, Android developers are being tasked to find untapped markets for the Google operating system. A few of these emerging markets include tablets, portable game consoles,wearable deviceshome automation equipment and industrial control systems (ICS/SCADA). Next year, we predict we’ll see the first instances of malware on these new device types, specifically around embedded ICS/SCADA systems. While we don’t believe we’ll see a “mobile-Stuxnet” in 2014, we think cybercriminals will be attracted to platforms that go beyond common SMS fraud. This includes new home automation devices that have control over our electrical consumption, the temperature of our fridges, etc. and feature software with remote login control panels to show/confirm who may be at home at a given time. This is bound to give cybercriminals new and nefarious ideas around how and when to rob someone’s home.

2.    Increase in attacks targeting Windows XP

Security Predictions

Security Predictions

Microsoft will end support for Windows XP on April 8, 2014. This means that newly discovered vulnerabilities will not be patched, leaving systems around the world vulnerable to attacks. According to NetMarketShare, as of September 2013, Windows XP is still used on 31.42% of PCs in the world. According to Gartner, by the time April 8 rolls around, it is estimated that more than 15% of mid- to large-sized enterprises will still have Windows XP running on at least 10 percent of their PCs. Next year, we predict hackers, already in possession of zero day exploits, will wait until the 8th in order to sell them to the highest bidder. Because of their expected high price tag, these zero days will likely be used to launch targeted attacks against high-value businesses and individuals rather than deployed by common cybercriminals in order to propagate mass infections.

 3.    More Botnets Will Migrate From Traditional Command and Control (CnC) Servers to Peer-to-Peer (P2P) Networks

Traditional botnets use client-server (CS) mode to communicate with a CnC server. When a server is detected and taken down, the whole network collapses, making it difficult for bot herders to re-ignite compromised machines. P2P mode takes the servers out of the equation. Each PC in a P2P network could play a server or client role, thus making the botnet harder to dismantle. Major botnets that have migrated to this new model include ZeroAccess, Kelihos, Bublik and Zeus v3. Next year we predict that number to rise significantly.

 4.    Biometrics for authentication will increase

This year Apple made a bold move when it announced its new iPhone 5s would integrate fingerprint authentication into the device. Never mind that it was hacked a few days after the phone shipped. It got people talking about the importance of two-factor authentication in a world where the single factor password login is growing increasingly archaic. As a result of this renewed interest, we predict next year we’ll see additional mobile companies including a second factor of authentication into their devices. We’ll also see an increase in additional forms of authentication, such as tattoos and pills, iris scanning and facial recognition.

 About FortiGuard Labs

FortiGuard Labs compiled threat statistics and trends for this threat period based on data collected from FortiGate® network security appliances and intelligence systems in production worldwide. Customers who use Fortinet’s FortiGuard Services should be protected against the vulnerabilities outlined in this report as long as the appropriate configuration parameters are in place.

FortiGuard Services offer broad security solutions including antivirus, intrusion prevention, Web content filtering and anti-spam capabilities. These services help protect against threats on both application and network layers. FortiGuard Services are updated by FortiGuard Labs, which enables Fortinet to deliver a combination of multi-layered security intelligence and zero-day protection from new and emerging threats. For customers with a subscription to FortiGuard, these updates are delivered to all FortiGate,FortiMail™ and FortiClient™ products.

Last year’s threat predictions can be found here. Ongoing research can be found in the FortiGuard Center or via FortiGuard Labs‘ RSS feed. Additional discussion on security technologies and threat analysis can be found at the FortiGuard Blog.

 

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post