2019: The Year of Cybercrime

by Grant Evans, CEO

2019 was the biggest year yet for cybercrime. Complete with a slew of high-profile data leaks impacting 100 million customers, multi-billion-dollar fines, and revelations of multi-year long data syphoning, 2019 revealed to the broader public the seriousness of cybercrime. 2019 shifted the question of “Will you get attacked?” to “When will I get attacked?” and has spurred enterprises across vertical markets like government, healthcare and higher education to hire Chief Security Officers with the prerogative to beef up cybersecurity practices and technology to meet stringent regulatory requirements such as DFARS.

Take a look at three biggest trends in cybersecurity for 2019, and how SPYRUS Solutions helps defend your valuable intellectual property from malicious hackers.

1. Misconfigured Cloud Storage

The cloud has opened up limitless storage space, rapid data transfer, and scalable computing power to satisfy all budgets ranging from garage startups to multi-national enterprise companies, providing infinite possibilities waiting to be harnessed. The cloud also is a cybersecurity nightmare. Devices around the world are on multiple networks, servers require multiple 3rd party vendors to host content and offer services, and data migration from local storage to the cloud often reconfiguring data permissions and user credentials. Setting up the cloud is complex, and most companies leave holes for unwarranted data access. SPYRUS helps solve this with the SEMS ecosystem. The SEMS ecosystem is an easy to use management software service built to run on Microsoft Azure and allows the IT department to easy set permissions, manage all endpoints, and log data requests. SEMS makes the migration to the cloud easy and simplifies protecting data at rest, in transit, and in use.

2. Insider Threats

Some of the highest profile data leaks this year have come from malicious revenge from ex-employees. Often times, these ex-employees maintain access to sensitive data, even after leaving the company because improper handling of permissions. Other times, employees still with their company get a hold of another individual’s permissions and attempts to access sensitive data not privy to them. SPYRUS Rosetta NcrpytNshare helps companies fight against malicious insider threats. NcryptNshare allows the original document’s creator to control access to the document. Through Res4Office, the creator can set permissions directly through Microsoft Office. The file is encrypted and access permissions controlled for multiple layers of security, preventing malicious current and former employees from causing damage to the company.

3. Insecure Access Points

Every device on the network is an access point. With the proliferation of IoT, devices such as printers, security cameras, and cars are vulnerable, offering hackers from the outside a way in. hackers can spoof an update to your printer, and send a copy of every document you send to your printer to a third party. It is imperative both companies using IoT devices and IoT developers step up their game in cybersecurity. For companies using IoT, endpoint management is a must to track which devices attempt to access data and to shut off any device gone “rogue” remotely. SEMS provides companies of all network sizes this ability. For developers, SPYRUS offers Rosetta HSM developer kits. By incorporating Rosetta HSM chips into an IoT device, IoT develops can reassure customers their devices are protected with the highest level of 256-bit encryption and FIPS 140-2 level 3 secured.

As attacks become more complex, data more valuable, and regulations more stringent, all enterprises must invest in security solutions to counter cybersecurity threats, thereby protecting their reputation and financial bottom line from fines, loss of customers, and public share devaluation. 2019 was the biggest year yet for cybersecurity, and 2020 likely will be even bigger.