Channel Partners Crucial to Helping SMBs Avoid, Combat Cybercrime
… encounter longer wait times. From there, people will try to access their money, fearing it will disappear, creating a mini-run.
“Banks are already thinking about how to come back from that,” Payton said.
Her final prediction surrounded AI. AI will drive misinformation campaigns, free of human intervention, that could target industries, companies or individuals.
Overall, cybercriminals will keep looking for opportunities, especially easy ones. Companies and channel partners on the front lines have to communicate, Payton said.
“Sharing for the greater good is going to help us accelerate our offensive and defensive mitigating controls that we need to implement,” she said. “Information sharing has been kind of like the holy grail … but sharing true actionable intelligence … is still part of that holy grail that we’re all searching for.”
Of Cyber Insurance and At-Risk Sectors
Meantime, channel partners shouldn’t necessarily expect to lean on cyber insurance should a hack result in a ransom demand or other damage. Cyber insurance, while “critical and vital,” still isn’t fully mature yet, Payton said. In fact, she called on the cyber insurance industry to look inward “and think very differently.” For example, too many insurance companies recommend clients pay the ransom because it’s the cheaper option. But that ransom actually could be funding terrorism or human trafficking, Payton pointed out.
In terms of the most at-risk sectors, that changes depending on what’s happening around the globe, Payton said. Right now, health care, energy, transportation and financial services represent four critical areas to protect from cybercriminals.
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