IDG Connect: What will the ‘mega security breach’ of the future look like?

January 16, 2017 — What will the ‘mega security breach’ of the future look like?

NuData’s Lisa Baergen comments on investments in physical infrastructure versus cyber security in response to this article on the mega security breach of the future.

Security is an area that just keeps gaining prominence. The breaches keep hitting the headlines. And it is pretty clear that a horrific attack – that most people simply can’t imagine yet – is on the horizon. This means while it is not always helpful to focus on the negative stuff – it can be hard not to with security – and at least by looking at the worst case scenario it might help us confront what we could be up against.

At a December roundtable in London, Jason Hart CTO of Gemalto, highlighted the rise of integrity based attacks. These see attackers manipulating company data for their own benefit rather than simply stealing it. He believes that this will hit business reputations very hard and over the next 12 to 18 months [since December] at least one UK firm will fold because of it.

Yet Lisa Baergen, Director at NuData Security puts it: “The paradox is that investments are being made in physical infrastructure and cyber security separately, [while] the connection between the two is being overlooked.”

In fact, countless breaches have shown critical infrastructure and organisations alike are not prepared. Eric O’ Neill, Security Strategist at Carbon Black believes “a mega security breach will look like a ‘lights out’ scenario, where a carefully orchestrated attack compromises a critical mass of infrastructure components to such a degree that power grids are overloaded or shut down for a significant period.”

But this is just one scenario. The mega breach of the future could take on a variety of different shapes and guises. Douglas Crawford, Cyber Security Expert at imagines what it might be like if a criminal got hold of a lot of banking passwords. “The economic chaos caused could, in addition to bankrupting potentially millions of individuals, destroy banks and banking systems, create global economic depression, and even bring down governments,” he says.

For the complete article, go here.