Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    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.

    Home > Technology > THE FUTURE OF CYBER SECURITY
    Technology

    THE FUTURE OF CYBER SECURITY

    THE FUTURE OF CYBER SECURITY

    Published by Gbaf News

    Posted on February 6, 2016

    Featured image for article about Technology

    Information security is a perennially hot topic, but as 2016 kicks off, many organisations look to take stock over the past year and consider what the coming months may have in store.

    Breaches of information security have certainly maintained their notoriety, hitting the headlines regularly in 2015, with major breaches hitting companies such as TalkTalk and Vtech.

    Below are some expert, thought provoking, security-related predictions from the team at Rapid7, with everyone from Rapid7’s CEO & President, Corey Thomas, to the company’s Global Security Strategist, Trey Ford, weighing in, offering insights around what they think lies ahead for 2016.

    Tod Beardsley, Security Research Manager at Rapid7

    “I believe, and fervently hope, that the security issues dogging the Internet of Things will reach a critical level of both awareness and accountability. Given the growing coverage in mainstream media outlets about the state of security with IoT, I expect to see vendors of IoT devices take on real responsibility for the security of their devices. We in the security industry all know that hacking IoT devices is like dropping back ten years, and I believe that the mass consumer market will drive creative and realistic solutions to the problems of old software, old build processes, and the fractured patch pipeline.”

    Rebekah Brown, Threat Intelligence Lead at Rapid7

    “We will continue to break free from the echo chamber. We are already seeing this with security researchers spending more time talking to law makers and infosec professionals actively reaching out to engage with non-security sector organisations. This trend will (hopefully) continue into 2016 and will help break down the communication barrier that continues to plague us as an industry.”

    Jen Ellis, Vice President of Community and Public Affairs at Rapid7

    “We’ll see the massive focus on cybersecurity in the policy sphere continue, and perhaps even increase, with organisational and system changes made to reflect this prioritisation.  With this continued emphasis on cybersecurity in the Government, I hope we’ll see the level of engagement between policy makers and the security community increase, and I hope we’ll see it drive positive outcomes.  However, I am concerned that we’re likely to see some pretty scary legislation being proposed – we’ve already seen a bill that would prohibit independent security research on cars.  It’s on us to educate legislators about the potential fallout of these efforts. I hope we’ll see the security community take a more collaborative, thoughtful, and productive approach to engaging policy makers, so we can avoid legislation that hinders security, rather than helping it.”

    Trey Ford, Global Security Strategist at Rapid7

    “Come see the softer side of security.

    My prediction is probably aspirational: I am hopeful we’ll see more transparency in incident and breach communications. The public isn’t afraid of “yet another breach,” they’re afraid the organisations they have a relationship with will violate their trust. In our series on VERIS, we’ve talked about the questions the public wants to see answered: who took what action, against what systems or information, with what impact, when, and what is being done about it?

    Security will continue the shift of focusing more on trust than compliance.”

    Guillaume Ross, Senior Security Consultant at Rapid7

    “Privacy and security will become more of a concern for consumers in 2016, and perhaps a slight marketing advantage for hardware and software vendors, though it will not become the main criteria for most people choosing a device such as a smartphone or an operating system.

    As we are talking about things that will probably not happen, let’s get those un-predictions out of the way:

    • The Internet will not get DDoSed by a botnet of fridges and toasters, though a few will certainly take hold.
    • The Internet will not get DDoSed by a botnet of smartphones, as they will run out of power after an hour.
    • Information Security jobs will not be filled rapidly, as companies will still be struggling to find staff, preferring managed services in many cases, where appropriate.
    • No, not everyone will be done patching Heartbleed, and no, the amount of services exposed to the Internet at the end of 2016, including SCADA systems, will not be lower than the amount of services exposed at the end of 2015.”

    Corey Thomas, President and CEO at Rapid7

    “We’ll see a greater gap between the well-managed and the poorly-managed, our security version of income inequality.  The poorly-managed will continue to ignore, pay lip service, and rely mostly on controls.  The well-managed will recruit teams directly or through partnerships and build effective programs.

    Related Posts
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.
    Why Physical Infrastructure Still Matters in a Digital Economy
    Why Physical Infrastructure Still Matters in a Digital Economy

    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!

    Subscribe

    Previous Technology PostDELL MAKES THE MOST SECURE PCS IN THE INDUSTRY EVEN MORE SECURE WITH NEW BIOS VERIFICATION AND ADVANCED THREAT PROTECTION TECHNOLOGY
    Next Technology PostPAYSAFECARD RELAUNCHES APP WITH EVEN MORE SERVICES FOR THE “CASH FOR THE INTERNET”

    More from Technology

    Explore more articles in the Technology category

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    View All Technology Posts