Next wave of Privacy, Security and Compliance

Next wave of Privacy, Security and Compliance

After the effective implementation of GDPR (General Data Protection Rule) and ePrivacy Regulations into the industry for better security, organizations had faced lots of challenges in adopting the guidelines. And the organizations that seem to have dodged the bullet so far, the next one seems on its way. With the upcoming epidemic and other economic downfalls, organizations are preparing for new challenges. Many organizations are bringing a shift in their Security policies, publishing new compliance rules. Although, the industry is still not aware of how this human epidemic will leach industrial growth.

Cynet’s global threat telemetry from the recent three weeks reveals that Italy features a sharp spike in phishing attacks in comparison to other territories, indicating that attackers are hunting in full force for user credentials.

The Upcoming Challenges calling for help

With a sudden house arrest in the world, the global economy has seen a drastic downfall. This has not just affected the economy but also widened the scope of cyberattacks. With the majority of employees working from home and from Public internet, Organization data is not secure. A small carelessness from an employee might lead to a huge data loss for an organization. This can be a very unconscious act.

With the Nations’ focus on the Health and safety of individuals, multiple criminal groups have ramped up their activity since the coronavirus began to spread beyond the confines of the Chinese city of Wuhan. Some of the more widespread threats seen to date have been bogus phishing emails with links claiming to have important updates on the virus, which if clicked lead to devices being infected with malware and ransomware. There have been malicious files disguised as documents relating to the novel or Wuhan coronavirus have been spotted in the wild.

Industry wide Chaos

Proactive businesses are already considering the CCPA a de-facto U.S. privacy law and preparing privacy operations to address all consumer data they touch, not just that of California residents.

Different reports have been publishing about the Cyber threats being imposed in this time of crisis. A ‘Perfect Storm’ in Health Care has been reported

  • A detailed report discussed “Researchers at Malwarebytes have warned of an increasing volume of scam sites exploiting the Covid-19 corona virus”.
  • Also, another issue caught in this hour of the crisis was the UK complete Lockdown With businesses that have not shut down, the problems faced by the industry are huge.
  • Another attack talks about the opportunity cybercriminals have grabbed to attack the medical apps being developed to monitor coronavirus symptoms and provide other information on the Pandemic.
  • The University Hospital Brno, which is one of the Czech Republic’s largest coronavirus test centers, suspended operations on March 13 after a purported ransomware incident. The malware delayed surgeries and testing of dozens of coronavirus samples

The wave of New Security resolutions

Multiple resolutions made in the beginning of 2020 to fight cyber crimes are facing a hard time in implementation during this time of crisis. These resolutions included zero-trust networks and remote browser isolation, Deep learning and artificial intelligence (AI) to help monitor and detect emerging threats.

Amid the Coronavirus threat, a cybersecurity meeting was conducted by the United Nations Security Council on March 9, to address the recent issues. Few Key points discussed during this meeting were:

v  Work from home policy and its other drawbacks.

v  14 days Quarantine of any member returning from a foreign trip

v  UN also discussed if they are required to operate outside the Headquarters building

v  Interaction of council with media would have a huge impact on Digitization.

Public meetings are not free of potential cyber attacks, as they could inspire hackers. “If I were a Ukrainian hacker, I would be thinking very hard of ways that I could get my voice into Nebenzia’s audiofeed,” Gowan said, referring to Vassily Nebenzia, the Russian ambassador.

“Or if I were a Russian hacker, I could suddenly take over the sound control when Kelly Craft is speaking.”

Remote Working Brings Consumer IoT Devices to Corporate Networks: In addition to the risk of rapidly establishing remote-working infrastructure, teleworking positions corporate assets and consumer-grade Internet of Things (IoT) devices reside on the same networks. Potential threat vectors include devices ranging from internet-connected electrical switches to smart speakers, smart televisions, thermostats and light bulbs. “Few of these devices were created and installed with security in mind,” said Mike Jack, senior manager at Spirent.

Several governments across the world are looking to use public internet-connected video cameras to monitor potentially infected patients seeking to ignore quarantines. Sergei Sobyanin, the mayor of Moscow, announced in February that the city was using facial recognition technology to track citizens who left their apartments. Authorities there are also tracing people who have come into contact with residents suspected to have had coronavirus exposure, according to Reuters.

Keeping the edge of the situation in mind, Honeywell has also launched its new Cybersecurity software which improves cybersecurity performance – at a single site or across multiple sites—by increasing visibility into vulnerabilities and cyber threats, enabling proactive action to mitigate risks and improving cybersecurity management efficiency. Various versions to suit different requirements have been launched, like enterprise core, enterprise premium.