CLEVELAND, Ohio – December 18, 2018 – Keyfactor, a leading provider of secure digital identity management solutions, has released its top three cybersecurity trends to watch in 2019. These trends are intended to inform and empower security professionals who are responsible for protecting their company’s data, as well as reputation, given the substantial increase in cybercriminal activity in 2018.
“As data breaches continue to pose threats across every industry, planning for operational enhancements while getting ahead of the latest risk is more important than ever,” said Ted Shorter, Chief Technology Officer at Keyfactor. “A Gemalto study reported more than 4.5 billion records lost or stolen in the first half of 2018 alone. And we’ve now witnessed the recent Marriott International attack that exposed up to 500 million customer records in one fell swoop. If there’s one lesson to be learned this year, it’s that the need for comprehensive crypto-agility starts now. In other words, delivering secure updates at scale to stay ahead of the cybercriminals whose methods will only evolve in the coming years.”
Preparation is the key to information security at any company, regardless of its type or size. Decision makers can reduce the likelihood of a cybersecurity incident by creating a plan to address the following trends in the coming year:
- Quantum computing will make cryptography ineffective. Most experts agree that quantum computing will be viable as soon as 2024 – and when it does, many common cryptographic algorithms will become ineffective as a result. While 2024 is still 5 years away, recent history tells us that many organizations will take 5 years or more to migrate off of old crypto, and inertia from legacy systems is often the reason. Simply obtaining an inventory of all weak keys and digital certificates can be a major undertaking, but is the first step to developing a “crypto-agile” plan to deal with cryptography-related events if and when they occur. The next step is to develop a migration plan for every key and certificate type — and the systems they’re installed on.
- IoT will be the focus of security legislation. Governing bodies and other organizations will release many more rules, regulations and guidelines for IoT security in 2019. For example, the US Food & Drug Administration (FDA) just released its “Medical Device Safety Action Plan” to improve overall medical device safety. Device manufacturers in key industries such as healthcare and automotive must enforce such policies, extend certificates throughout every device across the enterprise and keep data siloed and protected. IoT will transform into a much safer platform for transferring data when these measures become standard practices.
- Containerization will become a de-facto component of IT — and carry DevOps management burden with it. Like the virtualization wave that swept through IT in the early 2000’s, containerization technologies such as Docker bring even more efficiencies to IT systems — both on-premise and in the cloud. However, it can be difficult to securely manage sensitive information such as credentials, cryptographic keys, and certificates in containers that can spin up and down at a moment’s notice. This is an area where many organizations may be tempted to sacrifice security in the interest of speed and ease of use.
Keyfactor, formerly Certified Security Solutions (CSS), is a leading provider of secure digital identity management solutions that enables organizations to confirm authenticity, and ensure the right things are interacting in the right ways in our connected world.
From an enterprise managing millions of devices and applications that affect people’s lives every day, to a manufacturer aiming to ensure its product will function safely throughout its life cycle, Keyfactor empowers global enterprises with the freedom to master every digital identity. Its clients are the most innovative brands in the industries where trust and reliability matter most.
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