in ,

Fortinet Forecasts 2017 Cybersecurity Trends in Cloud, Internet of Things

Fortinet Forecasts 2017 Cybersecurity Trends in Cloud, Internet of Things - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

cybersecurityFortinet predicts cyber threat actors to exploit approximately 20 billion internet of things-based endpoint devices in order to perform attacks on cloud environments as well as obtain money from victims through ransomware in 2017.

The threat research team under the company’s FortiGuard Labs expects consumers, vendors and industry groups to call for the implementation of security standards that aim to hold IoT device manufacturers accountable for security breaches, Fortinet said Monday.

“The need for accountability at multiple levels is urgent and real affecting vendors, governments, and consumers alike,” said Derek Manky, global security strategist at Fortinet.

“Without swift action, there is a real risk of disrupting the progress of the global digital economy,” Manky added.

The report forecasts cyber criminals to use autonomous, “human-like” malware to perform cyber attacks as well as target building automation and management systems in the coming year.

Fortinet also cited the potential risks posed by the shortage in cyber professionals to countries and organizations that seek to operate in the digital economy.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Cybersecurity News

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

Iridium Secures Follow-On DoD Satellite Network Support Contract - top government contractors - best government contracting event
Iridium Secures Follow-On DoD Satellite Network Support Contract
Deloitte's Orlando Tech Center Expansion Seeks to Add Up to 850 Jobs - top government contractors - best government contracting event
Deloitte’s Orlando Tech Center Expansion Seeks to Add Up to 850 Jobs