Morphick's Tony Hudson is somewhat of a superhero. When one of the Norwood company's clients, big or small, reports a cyber threat and investigators deem it to be real, Hudson jumps into action. "I have a suit in my car so that if I have to go somewhere I can change into it like superman."
There is no shortage of threats. Here are some of the top ones for 2016.
Cybercrime is becoming such a big issue that the global cybersecurity market is projected to reach $170 billion by 2020. Many U.S. companies are unprepared and more than half report in surveys they have been victims.
Justin Hall, director of security services for CBTS, helped build Morphick's team before the company spun off. He says, "It's no longer the nerdy kid in the basement. The ones that we are most concerned about are the ones that offer the most serious threat and are paid by a government."
The Countries housing the biggest hacker threats:
View real-time threats here, around the world, according to Kasperky.
Tony Hudson’s investigations run the gamut. "CFO gets an email-we don’t know how to handle this, we’ve wired money. What do we do now? What are the next steps in that kind of situation? Hey, it could be ….spilling trade secrets. So it is just a wide range….and being able to handle those situations.”
The problem is hackers have gotten cleverer and businesses are struggling to keep up. The vice president of a technology company told Time Magazine, “Cybercriminals are entering into the game at a quicker pace than quite honestly we can keep up with in the U.S. to defend our networks from malicious hackers.”
According to Hall, “The tools and tactics that the really, really smart attackers started using against the military in the early 2000s those have been disseminated to your average cyber criminal. ”
To help educate and collaborate with Cincinnati companies and the community Hudson and Hall are hosting a cybersecurity conference at the University of Cincinnati May 21. Details are here.