Cybersecurity has been front and center this year, from the WannaCry ransomware attack to Uber admitting it paid off hackers to hide a data breach. And security software giant McAfee says that these hacks show “how creative and innovative” attackers are, so companies have to stay on the lookout. “Any organization has to assume that [it's] never doing enough,” Chris Young, CEO at McAfee told Cheddar. “You have to constantly be vigilant.” After the spate of recent scandals, companies are taking measures to ensure that data isn’t compromised. A recent PwC survey found that 34 percent of corporate executives have implemented new data collection, retention, and destruction policies. An equal portion say they assess devices, system interconnectivity, and vulnerability across the business ecosystem. Young, though, predicts that hackers will be bolder next year, targeting things like children’s toys and internet of things (IoT) devices. He even thinks added that cyber criminals will go offline, using IoT devices to their advantage to rob organizations in person. He sees, for example, “using a camera not necessarily for security, but...to figure out: ‘Hey, how do I go and steal something from an organization.’” The crossover from cyber physical attacks, Young says, in fact is already happening. For full interview [click here] (https://cheddar.com/videos/biggest-cyberattacks-of-the-year).

Share:
More In Technology
Tesla's 2021 Year in Review
The E-V maker Tesla has had a wild year. The company managed to continue to dominate the U.S. electric vehicle space despite growing competition and production delays. As the end comes to an end, Tesla finds itself growing richer and richer. Author of Risk Ritual Newsletter Richard Smith, joined Cheddar to discuss more.
What to Expect From the Tech Sector in 2022 Amid Metaverse, Crypto Popularity
This year saw big developments in the sector, including the rise of cryptocurrency, announcements about new metaverse and virtual worlds, increased consumer interest in wearable tech, and more. What does 2022 have in store for these aspects of the tech world, and what else can we expect? Hatem Dhiab, Managing Partner at Gerber Kawasaki, joins Cheddar News' Closing Bell to discuss.
Load More