*By Tracey Cheek* The holiday season is here again ー and as consumers buy and spend, more personal information is being exposed online. The number and severity of cyberattacks are on the rise, and both consumers and businesses need protection. Shane Wall, chief technology officer at HP and global head of HP Labs sat down with Cheddar on Monday to discuss the state of cybersecurity heading into the new year. “It continues to be dynamic,” said Wall on cyberattacks. “The number of attacks we’ve seen are accelerating. Keeping up with that continues to be a big challenge for us tech providers.” Hackers are getting smarter, and attacks could come from a variety of sources, said Wall. “It could be nation-state hackers, it could be individual hackers,” said Wall. As for the motivations behind the attacks, he said they vary. “We’ve seen a lot of extortion pieces that go on, or it could just be fame," he said. "They just want to be known.” In this environment, consumers need to protect themselves, and that starts with selecting a secure device. “When you make a device choice, you’re making a security choice,” Wall told Cheddar. “So choose carefully the device that you use. Make sure you look underneath to make sure they actually have all the right security pieces in place." He said consumers online should always make sure they are shopping at trusted websites, and advised against opening any emails that aren't from a known sender. Tech giants have to get into the mind of a hacker to prevent attacks, especially at a moment when the nature of cyberattacks is constantly changing. “Now we’re seeing very dynamic attacks that are actually using artificial intelligence and machine learning in order to find and probe capabilities," Wall said. “As a result, on our end, we need to turn to things like artificial intelligence and machine learning in order to combat the bad guys.” For full interview [click here](https://cheddar.com/videos/hps-chief-technology-officer-on-the-state-of-cybersecurity).

Share:
More In Business
The Day Ahead: Debt Ceiling Talks, Corporate Earnings
Cheddar News checks in on what to look for on The Day Ahead as President Joe Biden meets with House Speaker Kevin McCarthy to look to resolve the debt ceiling debate. Earnings are also slated to be reported from companies including Airbnb, AMC Networks, Electronic Arts and Nintendo.
Stretching Your Dollar: What Bank Failures Mean for Mortgage
A study on the U.S. banking system found nearly 190 banks are at risk of failure. Preston D. Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain the process if you have a mortgage with a bank that collapses.
Analyst Discusses Monday's Mixed Market Performance Ahead of Key Inflation Data
Melissa Brown, managing director of applied research with Qontigo, joined Cheddar News to discuss a new start to the trading week as the market edged lower in a mixed-performance day. Investors also await the meeting between President Joe Biden and House Speaker Kevin McCarthy to look to resolve its debt ceiling debate.
Load More