Cybersecurity concerns are at an all-time high, according to a survey of cybersecurity professionals from around the world. Their biggest concern is bot traffic, with three-quarters of the professionals surveyed concerned about leaked company information, as stated to the Neustar International Security Council’s survey. At the same time, the same amount of professionals have already deployed a solution to combat bot traffic. In January of 2019, Neustar mapped the highest threat level rating of 19.4 since they began monitoring threat levels in May 2017.
Second to bot traffic, cybersecurity professionals perceive denial of service, or DDoS attacks as the highest threat to their company. Over half of the professionals surveyed said they had been the victims of DDoS attacks. Following DDoS in terms of perceived levels of threat were “system compromise, ransomware and financial theft”, according to the study from Neustar.
“Fears around bot traffic and bot-powered DDoS attacks are extremely valid but by no means new…However, with the rapid rise of the Internet of Things – whether that be across smart cities, banking or a nation’s critical infrastructure – the ability for bots to cause havoc at a global level has increased significantly,”
said Rodney Joffe, head of the Neustar International Security Council and Senior Vice President and Fellow at Neustar.
While it is impossible to prevent every cybersecurity attack, consumers can limit the likelihood of an attack by deploying password managers, turning off computers when not in use, and keeping the most important information off of electronic devices completely, Joffe told Security Baron. “What are the chances that the secret formula for Coca Cola exists in digital form? The answer is probably zero. It’s on a piece of paper that’s kept in a locked save. They don’t keep it in drives internally,” he continued.
While Europe has prioritized cybersecurity, only California has a cybersecurity law that addresses iOT devices. In November 2018, the European Commission decided to increase regulations to promote cybersecurity, as well as fund research and development. In the same vein last October, California became the first U.S state to pass a law addressing connected devices. The law mandates that iOT devices should have “reasonable security features” such as stricter password requirements like two-factor authentication. With the growing popularity of connected devices like smart homes, speakers and watches, the threat of cybersecurity attacks becomes an increasingly important issue.