Today, most of the businesses are automated and are taken care of by machines. As the internet has achieved its global reach, privacy is the utmost concern of the present century. The effect of the new technologies on data privacy and security includes several aspects like cybercrime, the impact of old privacy laws on new technologies, misuse of personal user data sharing with other companies without user-knowledge.
As the name indicates, big data deals with a large amount of data; if the security of this technology is not handled properly, it will cause more harm to a company or an individual than any other security threats. While dealing with big data security, the important aspects to be taken care of is storage retention, cost management, and incompetent analysis are to be focused along with privacy. The personal information collected by AI algorithms is sold to few companies which they later use it for the targeted ad purposes.
Information security is crucial to protecting the information of all organizations and conducting their business. Information security performs four important applications for an organization: protecting the organization’s ability to function, allowing applications implemented on the organization’s IT systems to operate safely, protecting the data collected by the organization, and lastly, protecting the technological assets. In some cases of healthcare, the health information of pregnant women is misused to make predictions about a baby’s gender. The improper use of technology can have a massive impact on human life.
According to the QuickView 2018 Q3 data breach report, 3,676 publicly disclosed data breaches of 3.6 record occurred in different companies in 2018. Mega-breaches representing at least 100 million record breaches accounted for 84 percent of the 3.6 billion exposed records.
According to Datto, Ransomware continues to be the leading cyberattack on viruses and spyware against SMBs. 2,400 MSPs were surveyed in their report to meet the IT needs of nearly half a million SMBs worldwide. SonicWall displayed ransomware attacks in the first half of 2018. So far, there have been 181.5 million ransomware attacks. This represents a 22.9 percent increase over the same period of 2017. Third party cybersecurity experts need to be hired to look at organizational systems and find loopholes that need to be fixed.