The week in security: As Intel patches yesterday’s threats, IoT and cryptocurrency are creating new ones for tomorrow

The rapid pace of digitisation is leaving many healthcare providers under equipped to protect the massive volume of data they are protecting – heralding a reckoning amongst organisations trusted to protect some of the most sensitive personally identifiable information (PII) around.

Indeed, security has a fundamental role in digital transformation – and CSOs should be reconsidering their security strategies as their environments are transformed.

Endpoint security should be high on the list of priorities, what with “truly frightening” IoT security punching holes in enterprise defences as devices proliferate.

Another emergent threat is also forcing CSOs to revisit their play books. Cryptocurrency-mining malware has exploded as cybercriminals realise there is money to be made in other ways than locking your computer with ransomware. Now, they’ll take over your spare CPU cycles to mine cryptocurrency for profit – and then, if you’re really unlucky, unleash the ransomware as the pièce de resistance.

Issues like the Meltdown and Spectre vulnerabilities don’t help, either. Yet even as Intel was spruiking Spectre-proof Cascade Lake chips to be released later this year, there were warnings that AMD was next in the crosshairs as experts issued a warning on vulnerabilities in its Ryzen and Epyc security co-processor and chipset that some feel might be a short-sell play.

McAfee extended its broad-based cloud-security solution to protect Microsoft Azure.

Yet as they tighten their security controls, businesses will increasingly turn to automation and its underlying machine-learning (ML) capabilities, which are rapidly evolving and will increasingly be applied to make contextual and continuous authentication an everyday way of identifying users.

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Tags mcaffeecyber criminalInternet of Things (IoT)cryptocurrency

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