Why Cyber Threats Will Grow In 2014

speedometer of the new yearHoping for a brighter, more profitable 2014? Cyber crooks are too!

But despite growing security awareness in businesses and at home, experts predict that we’re in for an even larger privacy battle in 2014.

As the recent Target data breach (and the subsequent flooding of personal data onto the internet black market) is proving, cyber attacks are BIG business.

Steve Wexler is a technology and security journalist at IT-TNA (IT Trends & Analysis). In a recent article published in PC World magazine, Wexler commented: “One would expect doom and gloom forecasts from security vendors – and IT industry analysts – and you won’t be disappointed.

In his IT-TNA blog, Wexler cites fear as one of the contributing factors for increased vulnerability:

“Recent publicity about cyberattacks and data security breaches has increased IT risk awareness among CIOs, chief information security officers (CISOs) and senior business executives. However, Gartner’s 2013 Global Management Survey found that fear of attack is causing security professionals to shift focus away from disciplines such as enterprise management and -based information security to technical security. This shift in focus is driven by what Gartner analysts refer to as fear, uncertainty and doubt (FUD), which often leads to reactionary and highly emotional decision making.”

Advances in wearable technology, mobile banking, cloud storage and millions of malicious Android apps are going to keep both the White hats and the Black hats up late at night in 2014.

Looking beyond Christmas and into the New Year, personal and corporate IT vulnerabilities are here to stay. Sadly…. so is the Grinch.

Dale Penn is a professional speaker, privacy advocate and commercial insurance broker. He is the author of the award-winning book, Identity Theft Secrets: Exposing The Tricks Of The Trade. Follow Dale on Twitter @DalePenn

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