Today’s organizations face a cyber security landscape that is more difficult to navigate than ever before. To shed light on what lies ahead and help businesses better prepare for emerging threats, Experian Data Breach Resolution recently released its fifth annual Data Breach Industry Forecast with five key predictions for 2018.
“Our threat landscape is constantly evolving, making it increasingly difficult for businesses to mitigate risk,” said Michael Bruemmer, vice president at Experian Data Breach Resolution. “It’s critical that businesses learn what’s on the horizon and incorporate these threats into their incident response plans. Our annual report outlines some of the key areas to help empower businesses to stay one step ahead in the coming year.”
Rooted in Experian’s history helping businesses navigate more than 18,000 breaches over the last decade and its 100 percent success rate resolving fraud cases, the five predictions include:
- Attacks Expand from the Digital to the Physical: The U.S. may experience its first large-scale attack on critical infrastructure, disrupting governments, companies and private citizens.
- The General Data Protection Regulation (GDPR) Takes Effect: Failure to comply with new EU regulations will result in large penalties for U.S. companies.
- Governments May Continue to Be Prime for Attack: Perpetrators of cyber attacks will continue to zero in on governments – this could lead to a shift in world power.
- Artificial Intelligence (AI) Shakes Up Authentication: Attackers will use AI to render traditional multi-factor authentication methods useless.
- Securing Our Connected World Calls for New Protocols: Vulnerabilities in Internet of Things (IoT) devices will create mass confusion, leading to new security regulations.
The 2018 Data Breach Industry Forecast features a new section revisiting previous predictions which date back to the inaugural 2014 report. This section analyzes whether these predictions were a one-time fad, or are an ongoing trend that will continue to disrupt businesses. Trends with staying power include the rise of healthcare breaches, cyber conflicts between countries, threats related to employee negligence and more.