Executive Viewpoint 2014 Prediction: TeleSign and Webroot

By Charles McColgan (Profile)
and Grayson Milbourne (Profile)
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Wednesday, January 8th 2014
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Charles McColgan, CTO of TeleSign:

1.  New Collaborative Economy

There is a steady rise of the collaborative economy and lots of new apps that store your credit information and make buying services or products easier than ever. Given the balkanization of online payment systems, how do you protect yourself? In the New Year, paying via mobile for everything from catching a cab to ordering lunch will be increasingly common. It’s easy and convenient, but there still aren’t enough security protocols in place. The best way to protect yourself is to be wary which app you give your credit card, and never give a debit card to a mobile app. Once you do this keep an eye on your statements, your bank can protect you from fraud but only if you catch it first.

2.  The Age of ‘GlassHoles’!

Next year, we’ll see broader adoption of Google Glass and smart-watches from employees. Google is preparing for a wider adoption and a more user-friendly approach, so what does this mean for companies allowing these ‘glassholes’ to bring their devices to work? Critical information is at risk as hackers will use the loopholes in these devices for targeted attacks.

3.  Connected Homes Introduce a Creepy New Lifestyle

The connected home introduces a new “creepy factor.” Modern tech has introduced Internet-connected front door locks and video surveillance in the home, meaning targeted attacks could result in a very scary home scenario.

4.  Cloud Risk Growth

While enterprises plan to move more data to the cloud, they need to be aware of employees accessing those files. Consumers will continue to use free cloud tools as they are easy to access and free.

Grayson Milbourne, Director of Security Intelligence for Webroot:

1.  Wearable Tech will Slowly Gain Adoption

Wearable tech will be more of a novelty next year, but the biggest risk to watch out for is Near Field Communication (NFC) hacks, or threats within a small proximity. As wearable tech gear communicates with other nearby gadgets, more hacks can be targeted to those nearby.

2.  Developers are more Concerned about App Security

Developers are becoming more aware of secure app development practices and risky app behaviors to avoid. That said, some app developers will continue to seek new ways to generate revenue from building apps that may intrude on privacy.

3.  For Targeted Attacks, Size Doesn’t Matter

Whether you’re a Fortune 500 company or a small business, cybercriminals will continue to pursue targeted attacks, from APTs to spearphishing. Cybercriminals will continue to invent new ways to gain access to important files.