Beyond the Year of the Data Breach
Dubbed by some as the year of the data breach, 2015 was a wakeup call for contractors. Hacks spanned from big business, to government, and in between. It seems no one was immune to threats.
Will 2016 be any different? ThreatMetrix is predicting 2016 will be the year of the digital identity, meaning the emergence of the IoT (Internet of Things), new methods of payment, and mobile usage will require businesses to recognize customers across various touchpoints, and these organizations need to seek out layered security. Still, even with this in mind, attacks will become bigger and more complex, especially with the upcoming election.
A report from Deltek suggests federal information security spending is projected to increase more than 5% per year while federal spending on information technology remains flat. As agencies struggle to stay ahead of the cybersecurity threats, more and more of IT (information technology) spending is being devoted to cybersecurity, reaching more than 10% of IT spending by 2020. Construction SMBs (small-to-medium-sized businesses) could perhaps be most vulnerable to attacks, as the organizations lack the resources needed to protect against malware attacks. A Webroot study indicates just 37% of IT decisionmakers believe their organizations are completely ready to manage IT security and protect against threats.
What lies ahead in 2016? Coalfire predicts more CEOs will step down or be fired post breach; mobile comes further into focus; and cyber insurance offerings will become ready for prime time.
My guess is you know all this already. Maybe not the exact numbers and predictions, but cybersecurity is a growing threat and data breaches are up.
While creating a strategy for improving cybersecurity is certainly complex, it often starts with good corporate practices—such as secure password naming conventions companywide—picking the right technology partners to do business with, and educating employees from the bottom to the top on the dangers of cybersecurity and the need to follow proper procedures.
This issue is packed with information. From the commercial Constructech Top Products winners for 2016—which have been fully vetted as a good partner to do business with—to news, features, and columns, this publication can be a good place to start. I would like to start an open discussion with our readers about what you have discovered that works, and perhaps, what doesn’t work. Let’s get started now.
The Year of Software, and More
Every time we are invited to see another demonstration we can’t help but see the endless possibilities for all of our readers. The future is in the eye of the beholder. Take for instance, AR (augmented reality). It has the ability to free up a contactors’ hands and mind to explore the future in a much safer way or to tour a site unlike ever before. Advances in AR will soon allow you to see the entire jobsite and immerse yourself and navigate in a digital world that will change outcomes. As a result, we are now seeing technology, led by software advances, that not that long ago was unimaginable by the average consumer. I have always said we are only limited by our imagination.
The key point today is that technology is changing the way all of us conduct business. We are once again experiencing a rapid rate of change through the use of software and services. It is for this reason that you can never stop looking, researching, and evaluating technology as part of your operations today; perhaps as valuable as estimating your drywall or purchasing those new hammers. We encourage you to constantly consider these changes and the companies that are trying to keep you prepared for these rapid changes that lie ahead for all of us.
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