CX-hdr-2018

Data Privacy Regulations, Social Media, Cloud and IaaS to Impact Cybersecurity in 2019: Bitglass

Bitglass, the Next-Gen CASB company, has announced its predictions about what will impact security professionals in 2019. In a world where businesses have embraced the cloud and the opportunity to work remotely and collaboratively, the cybersecurity landscape is sure to continue shifting.

At the same time, with data moving beyond the corporate firewall more than ever before, businesses will need to rethink their modus operandi. As a result, Bitglass’ four key industry predictions are as follows:

Global Data Privacy Regulation Renaissance

During 2018, we have seen several data privacy regulations be either proposed or enacted, including GDPR in Europe and the Notifiable Data Breaches Scheme in Australia. In 2019, additional regulations will begin to take effect around the world. 

Recently, we have seen the public’s trust in industries such as financial services and aged care deteriorating. This is because many companies across different verticals have proven to be poor stewards of consumer data, necessitating that they be held accountable and given cybersecurity guidelines for collecting, storing, managing, and protecting customer information.

Today, effective data privacy regulations must include rules for ensuring that only authorised parties can access data; preventing unauthorised viewing and sharing of sensitive information is critical for cybersecurity.  Additionally, these laws should contain measures related to securing data on employees’ personal devices, including smartphones, laptops and tablets. Finally, data privacy regulations should mandate that companies maintain clear visibility over how and where their data is stored, viewed, used, and shared.

The Rise and Fall of Social Media

Next year, we will see that 2018 was the peak for the personal use of social media. On the other hand, professional use of social media (such as Twitter and LinkedIn) will continue to grow. In 2019, individuals will turn once again to private, one-to-one channels for interpersonal communication. 

Increased Cloud Adoption, With or Without Adequate Protection

Increasingly, companies around the world are adopting cloud-based tools like Office 365, G Suite, AWS, Salesforce, and Slack. In 2018, the percentage of organisations using at least one cloud-based tool reached 81 percent worldwide. While this number will continue to rise in 2019, we predict that most organisations will not deploy security measures appropriate for protecting data in the cloud, resulting in the vast majority of cloud security failures being the customer’s fault. Recent Bitglass research found that only one in four organisations in 2018 had deployed single sign-on (SSO), the most basic requirement for protecting data in the cloud. If cybersecurity continues to lag behind cloud adoption, then 2019 will likely witness a massive number of data breaches.

IaaS Fuels Rise in Cryptojacking

In 2018, cloud cryptojacking took the world by storm, much to the dismay of businesses and security experts. We expect to see an increase in this activity in the year ahead. This technique combines two commonly used types of attacks: cryptojacking, when malicious individuals appropriate devices’ compute power in order to mine for cryptocurrency, and cloudjacking, when illegitimate third-parties hijack enterprise cloud resources. Together, the two hacking methods can be used to mine cryptocurrency at a highly accelerated rate.

Infrastructure-as-a-service platforms like Amazon Web Services are becoming increasingly popular targets for hackers – unsecured IaaS platforms offer a massive amount of processing power and an environment where attackers can go undetected. As the market for this cloud-based infrastructure continues to grow, we will see more instances of cloud cryptojacking. 

Dave Shephard, Vice President of APJ Sales at Bitglass, said, “It became clear during 2018 that legacy security tools are of limited benefit to today’s cloud and mobile-first businesses. With cloud adoption accelerating and more organisations adopting zero trust concepts, security teams will be reviewing current capabilities and looking for flexible platforms that offer data, access and threat protection controls for environments that are constantly changing.  IT departments will lean towards solutions that can adapt to change and those which are simple to deploy, easy to manage and prove how they’ll be of value into the future will win out.”

About Bitglass

Bitglass, the Next-Gen CASB company, is based in Silicon Valley with offices worldwide. The company’s cloud security solutions deliver zero-day, agentless data and threat protection for any app, any device, anywhere. Bitglass is backed by Tier 1 investors and was founded in 2013 by a team of industry veterans with a proven track record of innovation and execution. 

 

Guest

Written by Guest

This article was prepared by a guest blogger and/or reprinted with permission and thus the opinions expressed may not necessarily reflect the opinions of Fifth Quadrant.

Topics: press release CX Articles & Insights

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