At MIT Sloan CIO Symposium, cybersecurity experts painted a grim picture of the state of cybersecurity today. As positive as the speed of technology change is for the next Ubers and Netflixes of the world, cybercriminals are moving even faster to use advanced technology for their own nefarious purposes.
Changes must be made, even in organizations that think they’ve got everything covered from a security perspective, the experts said. I detailed their advice on how to start making those changes in my Searchlight column, “MIT CIO Symposium: Outdated security assumptions put companies at risk.”
“It’s gonna get much much worse before it gets better … now with virtual currency coming online, Bitcoin and so forth, and kidnappings right now are happening virtually,” said George Wrenn, chief security officer (CSO) and vice president of security for Schneider Electric.
Roland Cloutier, CSO and VP of security at ADP, agreed that the attack surface is only going to get bigger, but he believes the benefits of technology will outweigh the threats posed by cyber criminals.
He said the spotlight needs to be on funding startup development and advancing technologies. “Are there enough technologists? … How do we enable that type of compute that will do wonderful things?” he said, urging the audience to start thinking about the possibilities in quantum computing, AI and integrated defense architectures.
“Technology is going to solve so many problems that this will be a drop from the bucket,” he added.
Shuman Ghosmajumder, head of product management at security startup Shape Security, was the out-and-out optimist of the group, pointing out that history suggests that we are up to the threat.
“It’s going to get better. You look at 20 years ago, and all societies were pretty concerned that the world was going to end by the year 2000,” he said. “I think we are going to see these types of moral shifts and innovations that hopefully will make a big dent in the problem.”
Also from MIT Sloan CIO Symposium: See the roadblocks enterprise CIOs have to prepare for as they gear up to adopt IoT.