October 2017 Cybersecurity News

For the third week in a row, Equifax is dominating global cybersecurity headlines. Here’s the latest on the Equifax breach, and a few other cybersecurity stories worth noting this week.

 

EQUIFAX IS (STILL) CAUSING HAVOC

 

After the credit reporting agency revealed that hackers exploited the personal information of 143 million customers, a less-than-stellar response on Equifax’s part has also made headlines. The New York Times reports that it took the company’s president three weeks to apologize after the incident was made public, and lawsuits are popping up daily from frustrated customers who still have unanswered questions and concerns.

 

Speaking of unanswered concerns, the New York Times has also created a helpful database of Equifax-related questions and the answers—or lack thereof—that the company has publically provided. The resource is constantly being updated, making it an essential tool for affected Equifax customers and cybersecurity experts alike.

 

WILL AI HALT HACKERS?

 

For the longest time, cybersecurity has revolved around blocking hackers—with firewalls, patches and other barriers to networks. But what if there was a way to detect hacks as they happen, on the inside? Innovative companies like Darktrace, AlienVault, NetWatcher and SS8 are reportedly working on AI solutions that tackle this enormous opportunity. It’s yet to be seen whether AI is the next frontier for cybersecurity, but either way, this recent Wired Magazine feature is worth a close read.

 

A SHALLOW CYBERSECURITY TALENT POOL

 

Unsurprisingly, the cybercrime phenomenon is leading many nations to actively develop and recruit top talent in this area. However, more surprising is a report from Frost & Sullivan, which found that the global cybersecurity workforce will have more than 1.5 million unfilled positions by 2020. In Australia, a cybersecurity talent shortage has led to worries about possible vulnerability to attack, and triggered a push for the government and private sector to join forces.

 

Recent statistics, however, do show promise for the needle to move in a positive direction. The security industry is a fast-growing market, with IDC pegging it to become a $101 billion opportunity by 2020. Universities around the globe have responded to this, and the increase in data breaches, by exploring new cybersecurity course offerings.

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