Hacking is a booming business, and it’s time for a disruption – CSO Online

By Mobile Helix CEO and Co-founder, Seth Hallem

Hackers are siphoning billions from the global economy each year by stealing data for profit. However, in spite of this rising threat, enterprises continue to make the same mistakes over and over again. It is time to change our assumptions and to re-think how we protect sensitive data.

Hacking is a booming business. Business has been good for several years now. Data breaches are at all-time highs. Cyber-attacks are skyrocketing, and ransomware is a growing fad. And the best news of all is that the same old tricks (see XSS, SQL Injection, SPAM ….) are still working just as well as they always have. How is it possible that a business that was estimated to cost the global economy $450 billion dollars is continuing to grow? That is a lot of money diverted to criminals in lieu of legitimate participants in our global economy.

As a wise man once said, the definition of insanity is to do the same thing over and over again while expecting a different result. The same could be said for the two main pillars of most organizations’ security strategies today: a strong perimeter (read firewalls, intrusion detection/prevention, spam filters, VPNs, etc.), and a desktop security suite (anti-virus). Clearly this is not working, so why do we keep doubling down on more and more sophisticated and expensive variations of the same thing?

Read the entire post at CSO Online



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