New technologies are emerging regularly in the field of security, which addresses the need for security in a more sophisticated in-depth manner.
Among the trends that are driving the security business and tending to put serious crime to test, is deception technology that has recently moved to the forefront. The concept is simple – this trend beats malware at its own game by deceiving it to defend the enterprise against it. This was one of the primary focus of a recent report published by Gartner titled “Emerging Technology Analysis: Deception Technique and Technologies Create Security Technology Business Opportunities”.
And this is the hot new trend in the digital world security arena. “By 2018, 10 percent of enterprises will use deception tools and tactics, and actively participate in deception operations against attackers,” the firm said in the report.
In another report the firm forecasts that mobile security, big data and advanced targeted attacks will help drive the global security technology market which is expected to touch more than $86 billion in 2016 from around $67.2 billion in 2013. The expansion of security technologies by companies to improve their overall security is the primary reason for attributed to this growth.
Technology constitutes the backbone of the global security technology market. One of the rising trends is the use of various devices of daily use for security purposes. Security firms and companies engaged in providing security solutions are investing in supporting devices through units like their LYNX Touch solutions and such devices range from remote access to alarm systems to tablet control for security and home automation.
“We think it is coming downstream in the market in a very fast way. If you don’t have the ability to control your alarm system via your phone, tablet or PC, you just can’t be a viable player in the market today, “says Scott Harkins, President of Honeywell Security Products for the Americas.
One of the major threats to individuals, firms and indeed for entire economies is the threat to banking especially with the rise in digital payment and transaction platforms and more and more people making use of the digital medium to complete transactions.
A survey released by the Ponemon Institute in September of 2015 found that 43% of US companies had experienced a security breach in 2014. Very big names in business that included eBay, American Express, JPMorgan Chase and the Home Depot were impacted by the trend. The report noted that the rhythm of breaches, headlines, and reactions were unrelenting.
“Leadership teams at financial services organizations need to understand that today’s approach for cyber security must be based on detection of attacks and preventing the criminals from leaving with key assets. That means investing in solutions that help detect and contain intrusions quickly. Last year, the mean time to detection for a data breach was eight months,” said Hewlett-Packard’s security head Art Gilliland in an interview with Fortune.
Counterfeiting is also a major problem for many economies. And advanced technology is the only solution to counter it. The everlasting need for new and improved technology to design and print banknotes that are secure was reiterated by Thomas Savare, the CEO of Oberthur Fiduciaire, a French company that specializes in banknote printing on behalf of more than 70 central banks over the world.
“Part of the security of our business comes from the supply chain, which is unique to the industry”, says Savare. “You won’t find these requirements anywhere else in the printing industry. It’s very unique – from the holograms designed for banknotes to the threads specifically designed to be incorporated in the banknote paper. The entire supply chain is dedicated to this industry and that’s a large part of the security of a banknote.”
One of new concerns for bankers as well as law enforcement agencies is the rising trend in ATM robberies and frauds. Stephanie Clarke, chair of the bank security committee with American Bankers Association and a senior vice president at KeyBank says: “There’s a shift of robberies more towards ATMs than actual branches. We’re constantly keeping our eyes on the ATMs and making sure we have those protected.”
Another senior member of the American Banking Association, Wyson-Constantine says: “bank tellers and bank staff are often trained on how to react to a robber and prevent problems, but a consumer alone at an ATM may not know how to react.”
However with development of technology security agencies have also developed an antidote to this.
Intelligent Banknote Neutralisation System, designed and developed by Oberthur Cash Protection –a subsidiary of Oberthur Fiduciaire, provides security solutions for the Cash-In-Transit, ATM & Retail markets throughout the world. It is a safety device that protects valuables against unauthorized access as they mark them as stolen with degradation agents thus making them unusable.
“Oberthur Cash Protection designs suitcase bombs that spattered tickets with a special ink in case of attack or theft. These solutions are becoming increasingly popular in the cash transportation and ATM protection, given their deterrent mission: they simply make profits disappear from theft by making banknotes unusable. This technology is successfully experimented in France and Belgium, where transport of cash was long plagued by violent attacks,” says Thomas Savare, CEO of Oberthur Fuduciaire.
Despite the increasing and consequent spending on advanced security measures for business processes and transactions, the threat to security is dynamic and the technology used by criminals continues to develop. Hence the requirement for constant security technology development for business has become crucial. As Scott Harkins, President of Honeywell Security Products puts it – the security industry has to be on top of these trends and dynamics or be left behind.
“It’s our duty to track these trends and adapt how we deploy them to the security industry. What has traditionally been a technology-driven industry is rapidly becoming more of a consumer-driven industry,” he says.