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Three data breach predictions for 2018

Posted on February 19, 2018

It was virtually impossible to ignore the high-profile attacks and data breaches that dominated headlines in 2017, which saw a rise in cyber threats to critical infrastructure, including the UK’s National Health Service (NHS), and had a significant physical impact on business operations, the energy and utility sectors, public transportation and more. When it comes to an attack on critical infrastructure, no organisation is immune from the potentially paralysing effects.

By applying lessons learned from the past year and with greater understanding and preparation, organisations can better mitigate risks and proactively combat future threats.

Prediction #1:  Natural Disaster

How to Prepare: Develop a Business Continuity Plan
Businesses should take precautionary measures by implementing a continuity plan detailing how to stay up and running through interruptions of any kind: power failures, IT system crashes, natural disasters, supply chain problems and more. And, both public and private sector organisations must communicate regularly with government entities to identify vulnerabilities and potential threats.

Prediction #2: Costly Fines for Failing to be GDPR Compliant

The EU’s General Data Protection Regulation (GDPR) sets more consistent data protection standards and outlines strict requirements for processing, storing and securing personal data of EU citizens. Any business anywhere in the world that handles data on EU residents must abide by these rules.

How to Prepare: Be Safe, Not Sorry
As the May 25, 2018 deadline for GDPR approaches, companies should focus on evaluating and optimising data collection, monitoring, and security policies to stay compliant. A good place to start is this checklist from the U.K. Information Commissioner’s Office, highlighting 12, clearly-defined steps you can start taking now to prepare and help keep your organisation from suffering potentially debilitating fines. 

Prediction #3: Growing Global Tensions and Increased State-Sponsored Cyberattacks

Throughout the past year, we’ve seen more details surrounding state-sponsored attempts to influence elections or disrupt foreign governments. In 2018, we could see an increase of hostile nations employing a combination of digital tactics – from infiltrating computers to destroying files with malware or ransomware and distributing false information through social media platforms.

How to Prepare: Implement Multi-Factor Password Authentication
The Private Sector especially can help protect themselves by enhancing prevention efforts and by being equipped to prevent attacks. It’s more important than ever for data breach prevention plans to be developed from a global perspective and with strategies that transcend borders.

AscendID can help.

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