An eye on the horizon: Be ready for tomorrow
Leaders from across Aon’s Cyber Solutions singled out five notable risks that are critical in the near future. Being educated in these risks is essential.
ARTIFICIAL INTELLIGENCE (AI)
Machine learning is advancing at a staggering pace, and is an inevitable part of how organizations will do business. At some point, AI makes choices for us, and any choice that can be influenced or attacked poses a significant risk.
Wherever there is a transfer of funds, there is cyber risk. The developing world is in dire need of alternative payments, and new ways to accumulate and store wealth. Organizations will encounter counterparts who don’t use banks, and business-to-consumer business models will eventually have nothing to do with traditional currency.
Retirement plans hold a wealth of data and are a gateway to vast sums of money. Organizations need to know who holds the keys to employee retirement data, and the fiduciary responsibility of the plan provider. As plans are increasingly accessed online and from mobile devices, this data is increasingly more susceptible to breach.
TECHNOLOGY SUPPLY CHAIN
Every year new exposures are introduced via technology providers. As more and more sensitive data and intellectual property is exchanged via third-party software, organizations must become vigilant in assessing vulnerabilities and exposure to cyber risk.
THE DARK WEB
Fueled by the growth of cryptocurrency, the use of browser technology such as TOR, and the growing sophistication of ransomware groups, criminal markets are becoming stronger. The dark web is their workspace, and it is here to stay. Organizations should not try to navigate this space alone without a map or guide. Maintain constant vigilance.