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2016 – The Year Of The Cyber Exploit

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BY DEREK BROWN

Derek Brown, VP Americas with Wynyard Group, discusses the cyber trends we can expect to see in 2016. With weekly breaches becoming the industry norm, he also offers his expert advice on how credit unions can best protect themselves against these emerging threats. Read on to find out how to wage battle against the ‘year of the exploit.’

2015 has been the ‘year of the breach,’ with almost weekly compromises of organizations becoming the norm. The National Association of Federal Credit Unions has warned that despite many credit unions’ implementation of sophisticated and effective data security safeguards, cyber criminals seem often to be one step ahead of the security industry. To maintain this one-upsmanship, they are using a growing arsenal of attack techniques to successfully breach networks.

Targeted attacks –aimed at compromising specific organizations and tailored to the unique characteristics of those organizations – are becoming the new normal.

New vulnerabilities

If 2015 has been the year of the breach, then 2016 will be considered the ‘year of the exploit.’ For instance, we will see a shift to higher-impact cyber crime.Studies suggest that it can take many months – an average of 256 days in the Ponemon Institute research – before a company discovers it has been compromised.By that time, in most cases, hackers have already exfiltrated large amounts of sensitive information.

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