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April 19, 20220

Cybersecurity Trends for 2022

HQE Systems Cybersecurity 

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As internet penetration deepens, cybercrime rates are soaring. So much so that the number of reported data breaches in February of this year alone surpassed five million. Alongside this rise in cyber attacks, global cybersecurity spending is estimated to have exceeded $1 trillion over the period from 2017 to 2021. And by the end of 2022, the information security market alone is expected to grow to some $170 billion.

While cybercriminals are continuing to improve their tactics and approaches, cybersecurity trends in 2022 are showing a shift towards more proactive internal strategies. While it’s still early to tell which solutions will prove most effective against breaches and hackers, here are some of the cybersecurity trends gaining the most attention today:

Reducing supply chain issues

While there’s been much written about the physical supply chain experiencing historic interruptions, the cybersecurity supply chain has had its own issues. Currently, cybersecurity code used in most infrastructure is experiencing vulnerabilities due to its roots in open-source projects. This means that while current updates may be more advanced, the code’s skeleton is still vulnerable to sophisticated hackers.

This concern has made fortifying the cybersecurity supply chain a key priority for many cybersecurity investors. In fact, investments in technologies that audit and offer penetration tests were among the most well-received in cybersecurity startups in 2021. This year, with more than $2 billion worth of cybersecurity improvements outlined in a new infrastructure bill, the cybersecurity supply chain is expected to patch its more outdated foundations.

Disaster recovery planning

While some cyber attacks aim to hold assets “hostage” until payments are made, others create more insidious, sometimes irreparable damage. For instance, in December of last year, a government agency in the UK responsible for determining extreme flood warnings suffered a cyber attack. This resulted in dozens of critical weather alert programs and files being lost for good.

These incidents can be extremely dangerous, so more organizations are prioritizing disaster recovery plans (or DRPs). DRPs are developed by information security analysts who specialize in monitoring, investigating, and protecting all things cybersecurity –– meaning they are designed comprehensively, such that organizations can continue to operate even in an emergency. DRPs arranged and overseen by the aforementioned professionals are also specially designed to fast-track data recovery and breach investigations. As such, mission-critical operations can continue without fear of further damage as compromised data are dealt with simultaneously.

DRPs represent a direct improvement on earlier breach strategies that were more reactive rather than proactive.

Enhanced cloud security

As widespread adoption of cloud-based technology continues, entities ranging from mom-and-pop stores to video gaming empires, to healthcare providers have had to upgrade their security practices. To prevent malware and ransomware attacks from compromising an entire complex computing environment, cloud-based security-as-a-service (or SECaaS) solutions are expected to gain popularity.

Often provided by managed services providers (MSP) or managed security services providers (MSSP), security-as-a-service provides holistic end-to-end support that can fortify a cloud network without compromising internal accessibility or convenience. The notion of creating more nuanced cloud security branches is also expected to gain traction among businesses choosing to bridge legacy systems with the modern cloud. In these cases where sustainable pathways for data to travel back and forth are offered, cybersecurity services mitigate the risk that breaches from human error or legacy system weaknesses will affect the cloud.

Ethical AI application

From online shopping to virtual assistants, artificial intelligence (AI) has expanded and shows no signs of slowing down. Using innovative defensive and offensive programming, AI is now expected to become an advantageous tool for the rapid development of cybersecurity strategies.

Since AI never sleeps, it can drastically reduce the average time it takes to contain a breach (which as of now is about 80 days). However, despite total AI investments reaching almost $78 billion last year, 2022 is seeing a demand for more ethical AI rollouts. Since AI in cybersecurity requires that programs be given access to troves of sensitive information, many are calling for more transparency and neutrality in related practices.

With ethics in AI already representing a significant subject of concern among experts, there is now a growing focus on the need to reduce biases in data analysis. Case in point, UNESCO has recently called for AI to receive more diverse data sets and to be more open about their decision-making processes. Through this change, it is expected that AI will become truly objective and accurate.

So long as data is online, malicious individuals will continue to try to exploit the situation for personal gain. Thus, the importance of cybersecurity is only expected to increase from here. With hackers targeting providers, consumers, and agencies alike, keeping updated with cybersecurity trends should be a priority for everyone. 

Credit:

By Patti Firenze 

HQE’s Guest Blogger

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HQE Systems, Inc.   |   HQE is a FEMA Certified Minority-Owned Service Disabled Veteran Owned Small Business providing full solutions for Mass Notification Systems, Electronic Security Systems, Software Development Services, Contract Support, and Prototyping Services.  As a brand agnostic solutions provider, HQE prides itself in providing the BEST solution for the project.  HQE possesses factory certifications and reseller licenses to ensure that our clients receive the highest quality of service at the lowest budget.  HQE is capable of providing full design, installation, integrations, upgrades, and long-term maintenance support for any size and scope project.

www.HQESystems.com #HQESystems #HQE #SystemsIntegration #FEMAIPAWS #MassNotificationSystem #ElectronicNotificationSystem #OutdoorWarningSirens #GiantVoiceSpeakers #EarlyWarningSirens #TornadoSirens #TsunamiWarningSirens #SoftwareDevelopment #BrandAgnosticSolutionsProvider #StormSirens


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October 14, 20200

Every moment counts in an emergency, so getting help should be as simple as dialing 911. In Kari Hunt Dunn’s case, that phone call proved impossible — her hotel room didn’t allow guests to directly dial emergency services. As Dunn’s estranged husband attacked her in 2013, her young daughter made several attempts to call authorities for help. None went through because she didn’t first dial “9” for an outside line.

But a new federal law will make a difference for the next victim. Kari’s Law requires multi-line phone systems to have a default configuration that enables users to dial 911 directly. While the law doesn’t require mass notification, it highly recommends organizations deploy on-site notification – which automatically sends alerts to executives and on-site emergency responders – if the communications solution in place supports it.

As a result, government agencies, universities and K-12 schools need to be sure their communications solutions comply with the law. Although many legacy phone systems don’t have this functionality, today’s communications technology offers a robust and easily installed solution at a reasonable cost.

To help with your planning, here’s an overview of two technologies – on-site notification and mass notification – and how they can make your school community and government offices safer.

On-site notification

On-site notification keeps the people in your care safer by automatically notifying first responders of an emergency, getting trained assistance to the right people in less time.

Executives can notify staff and on-site police and security as soon as someone dials 911. Alerts include the name, extension number and exact location of the caller. This is especially important in large government buildings and school campuses. Simultaneous notification allows the right people to respond immediately in an appropriate and unified manner. The system’s built-in messaging even allows text communications to be sent from desktops, further enhancing a timely and coordinated response.

Currently only a recommendation, on-site notification will likely become required in the future. In fact, this technology is already available and affordable with new communications technology solutions. As legacy phone systems reach the end of their lifespans, more organizations are sure to adopt this feature.

Finally, integrating your emergency notification system with door locks removes the need to physically lock doors, providing increased protection in an instant. Staffers can initiate a lockdown or lockout from any type of phone.

Mass notification

The technology that underlies onsite notifications systems – intelligent mass notification – offers additional safety features. Most importantly, governments and schools can quickly deliver critical information to an entire community or relevant subgroup when emergencies arise. The technology is also versatile. For example, administrators can use a variety of channels and devices to send alerts.


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September 3, 20200

If you’re in the financial services industry, you’re familiar with the dozens of whitepapers, trend reports, and news articles discussing the importance of legacy system modernization.

But “legacy modernization” as a buzzword doesn’t have to mean starting from scratch, rather it hints at the idea of bridging the divide between your existing legacy systems and the new ecosystem of apps that your customers demand connectivity to.

bridging the gap between legacy and modern systems

We’ve found that it’s helpful to think of this connectivity through a construction metaphor – an integration “bridge” that helps data move back and forth among your current infrastructure, your customers’ legacy (ERP) systems, and the “latest and greatest” apps that your users are consistently requesting from your CS team.

In theory, any skilled developer can build a brittle bridge of point-to-point connectivity between each business-critical application – whether it’s flexible, maintainable, and easy to adapt in the future is another question in and of itself.

According to BDO’s 2019 Middle Market Digital Transformation report, customers “will want to manage all their finances—not just one component—in one place, on the devices convenient to them. They will expect nothing less than real-time engagement when they need it. They will value simplicity, efficiency, and transparency.” But to achieve this reality, FIs need to offer myriad seamless integrations that connect to the applications customers need.

Banks’ widespread offerings (payments, lending, investment management, etc.) necessitate more. A better experience to retain customers, overcome fintech competition, and gain a future-ready technological edge.

PwC’s “Financial Services Technology 2020 and Beyond” report explains, “APIs require that financial institutions think differently about strategy… This is not just an issue for business strategists; it has clear technical implications for the teams who are responsible for doing the work.” As systems become more diverse and complex, FIs are forced to up their game via holistic data access.

Building More Bridges – Sustainably

You’re probably really happy with me at this point for telling you to do more with your integrations (sarcasm), but building better experiences for your customers doesn’t necessarily mean building one-off connections that require a large portion of your development team’s time to maintain. There’s another option – one-to-many integrations.

With one-to-many integrations, you map your data objects once to a canonical resource (such as our Finance Hub) and, via that multi-tenanted content, quickly connect to leading ERPs such as QuickBooks, NetSuite, & Microsoft Dynamics GP. One-to-many integrations offer both faster time-to-value and reduced LOE for your developers so your junior devs can take care of the integration work while others on the team focus on innovation.

The Maintenance Burden

But what happens when a bridge is broken and the data crossing the bridge (legacy <–> modern) can’t make it from one system to the other? Gaps in usability that necessitate hastened development work and hours on the phone assuring customers that a fix is ongoing.

You might have read about (or encountered) the very public dispute between Plaid and Capital One a couple of years ago. Using integration techniques that cause security concerns (screen-scraping vs API), or failing to offer robust, usable APIs are both characteristics of brittle bridges that make sharing data between legacy and modern systems difficult.

Not only did the collapse of this bridge eventually lead to integrations breaking (TurboTax couldn’t pull interest statements automatically for Capital One accounts this spring, frustrating my colleague on tax day…), but consider also the amount of rework needed behind the scenes to rebuild functionality customers have come to expect.

Sure, this FI vs. fintech battle is a public manifestation of how many banks feel about providing customer data access to fintech upstarts, but the public drama and backend hair-pulling & patching could have been avoided by building secure, multi-use integration ‘bridges’ (to our metaphor) from the start. Think about integration platforms as the people managing the bridge day-to-day to make sure nothing goes awry rather than the repair crew that comes in when cables start to snap.

Summing it Up

Financial institutions are in a unique position where one-to-many integrations can prove maximally beneficial in bridging the gap between existing and “new-to-them” systems. The need for connectivity to boost customer retention, gain a competitive edge, and provide a seamless experience is here to stay.


 

HQE Systems Inc. is a Service Disabled Veteran Owned Small Business (SDVOSB), Minority Business Enterprise (MBE), and a Disadvantaged Business Enterprise (DBE).  HQE is a software and technology innovation company that can mitigate any paint points for clients of all sizes.

www.HQESystems.com

#HQE Systems


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