When you looked around, you could tell which had grown up in the Midwest and which hadn’t … they knew what to do. Then fast forward to college, when I was there, and there were tornados all over the place. “I grew up in Iowa – we get a lot of tornados there … and you practice and prepare for them. "If you've been through the steps to prepare, you can adapt in your muscle memory and respond," he says. The key to being ready to cope with these threats, wherever they may come from, is preparedness, Farshchi tells me. Others include the need for corporate boards to understand their liability as it relates to the data in their custody, the “blind spots” in security strategy when it comes to supply chain threats, growing cases of identity theft, and the increasing profitability to criminals of ransomware attacks. This is one of the reasons that "The quantum computing threat isn't decades away, it's here now," and it’s one of 10 key warnings in Farshchi’s report. “This data has a long shelf-life … we’re racking up a tab that we’re eventually going to have to pay for.”įarshchi believes that bodies such as the US National Institute of Standards in Technology are not moving quickly enough to adapt to these threats – guidelines on how government bodies should prepare for themselves for a time when all data will need to be protected with quantum-proof security are not even due to be published until 2024. The reason is that its quickly becoming apparent that quantum technology will be available in the not-too-distant future that will make short work of many of the industry-standard encryption techniques that are used to secure data today. “A lot of folks think this is something we have to worry about in the future … the bottom line is that there are threat actors out there that are collecting encrypted data today … data that would take thousands of years to decrypt. "This one really worries me," Farshchi says. But what about more exotic threats, such as the dangers posed by the onset of the era of quantum computing? These threats are well established and should clearly be on the radar of everybody with responsibility for cyber-security. It’s predicted that there will be over 27 billion of these devices by 2025, creating an unprecedented number of opportunities for cyber-criminals. Take the internet of things (IoT), for example … the vast and ever-growing network of online, connected devices encompassing everything from industrial machinery to connected cars and smart home appliances. As technology permeates more of our lives, there will simply be more opportunities for us to accidentally leave doors or windows open, giving malicious actors the opportunity to sneak in and cause damage. ![]() “But if we do technology right, I think that both economically as well as from a societal standpoint … I do my best, and I want the industry at large to be able to focus on this so we can all be in a better place."Ģ021 saw a record rise in the number of data breaches and ransomware attacks, and Farshchi says that, unfortunately, he only believes that this is a trend that will continue. He tells me, "If we don't do our jobs well … if the cyber crisis isn’t reigned in, it’s going to hurt our ability to innovate … those roadblocks and hurdles impact our ability to be successful and leverage the latest technologies. Farshchi told me how one incident – the Capital One data breach discovered in 2017 – caused a lot of companies to delay their move to the cloud as they reassessed the security implications. However, for any of these things to eventually happen, it has to be trustworthy. ![]() Emerging technology and data have the potential to do real good in the world, including solving massive problems like ending the energy crisis, feeding the hungry, protecting the environment, and curing disease. Aside from the potential for breach of privacy, loss of money, and disruption to infrastructure from cyber-attacks, there's another genuine and pressing problem that's often overlooked: A loss in the trust in tech and data.
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