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Threat Horizon 2014

The range and complexity of information security threats is set to rise significantly over the next two years and organizations that fail to prepare now will struggle to handle the challenges later. This forecast is according to ‘Threat Horizon 2014: Managing Risks When Threats Collide’, the latest in a series of Threat Horizon reports from the Information Security Forum.

The report challenges the traditional approach to managing security risks, which has typically fallen to the information security function, and recommends that organizations take a much more strategic and business-based approach to risk management. To take advantage of both technology and cyberspace, organizations must manage new risks beyond those traditionally covered by the information security function, including attacks on reputation and all manner of technology.

“While individual threats will continue to pose a risk, there is even more danger when they combine, such as when organized criminals adopt techniques developed by online activists,” said Steve Durbin, global vice president, ISF. “Traditional risk management is insufficiently agile to deal with the potential impacts from activity in cyberspace. While executives recognise the benefits and opportunities cyberspace offers, their organizations must extend risk management to become more resilient, based on a foundation of preparedness. We are advising our members that this is the year of resilience and to be prepared to move at the speed of a Tweet!”

Threat Horizon 2014 identifies three main drivers and provides organizations with practical guidance on how to deal with increasingly complex threats:

  • External threats that come from the increasing sophistication of cybercrime, state-sponsored espionage, activism moving online, and attacks on systems that have a physical impact in the real world, for example industrial control systems
  • Regulatory threats that come as regulators call for greater transparency about incidents and security preparedness, while increasing requirements for data privacy
  • Internal threats that come as technology introduces new benefits at a relentless pace and the business adopts them without fully understanding the risks.

The report also highlights 10 predictions under each of the three threat groups, along with the potential business impacts, and provides recommended actions at the end of each one.

The full report will be available to non-members for purchase from the ISF’s online store beginning on May 1 and can be pre-ordered now at: https://store.securityforum.org/shop

•Date: 3rd April 2012 • World •Type: Article • Topic: ISM

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