December 09, 2014, Rick Dakin, CEO, Co-founder and Chief Security Strategist
Fueled by cybercrime, cyber warfare, and cyber terrorism, the cost of cybersecurity and risk management will double in 2015. That’s the bad news. The good news is there will be a shift to cyber offense that will begin to stem the tide of cyber threats.
Motivated Threat Actors – The number and sophistication of cyber threats will continue to increase exponentially. Fueled by both geopolitics and economic incentives, international (and often state sponsored) criminal organizations will escalate their development of offensive cyber capabilities.
Redefining the Defense – The demands of cybersecurity are fundamentally changing IT. Cyber risk management and security compliance will take an equal weight to other design criteria like functionality, capacity and performance. Financial ROIs will be balanced by a new understanding of risk exposure for sub-par solutions.
Three Heads vs. One – In large organizations, there are technical roles that require the knowledge and experience of CIOs, CTOs and CISOs. While some have predicted the death of the CIO role, we see instead a balancing of responsibility between three peers.
Investments Will Increase – In the face of pernicious new threats, the cost of cybersecurity and risk management will remain on track to double over the next three years.
New Fronts – The expansion of mobility, cloud computing, bring your own device (BYOD) policies, and the Internet of Things will provide new (and previously unforeseen) opportunities for cyber-crime, cyber-warfare, and cyber-terrorism.
Universal Monitoring – As a result of cyber-incidents, every organization (or person) will be using some form of continuous monitoring service (threat, scanning, identity or credit). These will be either legislated, mandated by financials institution or insurers, or acquired on their own behalf.
Business Leadership on Policy Development – Executive leadership will lead to further development and maturation of standards across private sector and governmental organizations. This approach to security and cyber risk management will reduce the potential for “unforeseen” damage from cyber-attacks, cyber warfare and cyberterrorism.
New Threat Detection and Response Technologies – There will be an increased use of crowdsourcing, machine intelligence, and cognitive/advanced analytics to detect and stay ahead of threats. Bounties for catching bad actors and advanced algorithmics will help the “good guys” identify and stay ahead of the hordes of malicious players.
Improved Security – New and better applications of authentication, EMV, encryption and tokenized solutions will increase the security of payments and other personal and confidential information. Apple Pay and other next-generation solutions will overcome anti-NFC inertia and lead to increasing adoption of mobile-based security technologies for both retail payment and other applications, such as healthcare, where critical and confidential information is exchanged.
Back to Offense – We will see the beginnings of a shift from cyber-defense to cyber-offense. From attempting to build impenetrable systems, to building systems that make it possible to identify attackers and provide the means to prosecute, frustrate or delay them.
Rick Dakin — CEO, Co-founder and Chief Security Strategist
Coalfire started in 2001 with a simple idea – cyber threats are increasing, compliance mandates are getting more complicated, and a well-designed cybersecurity program can help fuel your overall success.
Coalfire helps organizations comply with global financial, government, industry and healthcare mandates while helping build the IT infrastructure and security systems that will protect their business from security breaches and data theft. The company is a leading provider of IT advisory services for security in retail, payments, healthcare, financial services, higher education, hospitality, government and utilities.
The Coalfire Board of Directors provides invaluable guidance for the organization and reflects Coalfire’s dedication to achieving success for our customers.
Coalfire’s executive leadership team comprises some of the most knowledgeable professionals in cybersecurity, representing many decades of experience leading and developing teams to outperform in meeting the security challenges of commercial and government clients. With diverse backgrounds in IT systems security, governmental security, compliance, and reducing risk while implementing the latest enabling technologies (such as the Cloud and IoT), our leaders understand the challenges customers face.
With a passion for quality, Coalfire uses a process-driven quality approach to improve the customer experience and deliver unparalleled results.
Created in honor of the late co-founder of Coalfire, the Richard E. Dakin Fund at The Denver Foundation is supporting scholarship programs at several universities for promising college students studying cybersecurity and related fields.
Security is a team game. If your organization values both independence and security, perhaps we should become partners.
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Private enterprises serving government and state agencies need to be upheld to the same information management practices and standards as the organizations they serve. Coalfire has over 16 years of experience helping companies navigate increasing complex governance and risk standards for public institutions and their IT vendors.
Technology innovations are enabling new methods for corporations and governments to operate and driving changes in consumer behavior. The companies delivering these technology products are facilitating business transformation that provides new operating models, increased efficiency and engagement with consumers as businesses seek a competitive advantage.
Cybersecurity has entered the list of the top five concerns for U.S. electric utilities, and with good reason. According to the Department of Homeland Security, attacks on the utilities industry are rising "at an alarming rate."
Cyber risk management, advisory, technology and compliance services. Manage risk and maximize return on investment to prevent data breaches and theft. Coalfire’s solutions are led by a team of industry experts that help enterprise organizations understand a wide range of compliance and risk management initiatives, which enables a consistent cybersecurity framework across the organization.
Expert assessments that provide an accurate understanding of what you are trying to protect, the inherent and residual cyber risk to your enterprise and the maturity of the your security program and underlying controls
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