Experts Offer Cyber Security Forecast for the Year Ahead

Kroll released its third annual Cyber Security Forecast, a prediction of the most significant cyber issues organizations will confront in 2014. The latest forecast highlights seven trends identified by Kroll and suggests that a changing tide in cyber standards, both social and legal, will require organizations to take stronger actions and safeguards to protect against reputational, financial and legal risks.

1. NIST and similar security frameworks will become the de facto standards of best practices for all companies. Between the Snowden fallout and increased scrutiny by the FTC and other regulators in the U.S. and around the world, cyber security strategies that were largely designed for companies that were part of the “critical infrastructure” will become more of an expectation for everyone, from conducting an effective risk assessment to implementing sound cyber security practices and platforms. Whether compulsory or unstated, these standards will drive organizational decision-making with regard to cyber security. Organizations that don’t follow suit may find themselves subject to shareholder lawsuits, actions by regulators, and other legal implications…

via Experts offer cyber security forecast for the year ahead.
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