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RESEARCH, ANALYSIS & TRENDS

Forecasts on cybersecurity and data protection

Companies consider cyber-attacks more and more as a poorly backed with investments. At least nowadays this
central business risk and start to work on better attitude has fundamentally changed, especially for
protection, but will they be able to master the security security monitoring systems.
challenges in the digital economy?
TREND 3: Standards represent challenges for IoT
According to TÜV Rheinland, the question is to what cybersecurity
extent cybercrime influences technologies like
Operational Technology (OT and the Internet of Things Regulatory agencies and the industry for safety and
(IoT) and explains why the shortage of skilled workers data protection standards work intensively on the next
could become a major problem. As well as what role stage of development that’s required in the Internet of
concepts -like "red teaming” or agile security - are Things (IoT) and Operational Technology (OT). Of
expected to play. course, it can be confusing for manufacturers and a
waste of time, if you want to find out, which of these
TÜV Rheinland’s cybersecurity trend predictions include: regional and industry standards they must consider.
Affected from that are especially global companies
TREND 1: Cybersecurity has become the theme for engaged in product development as they need to
the management level comprehend how to guarantee conformity. The
existence of competing standards could therefore lead
ntil recently, cybersecurity has not been a business risk, to waste of time.
but just an IT problem. Despite years of warnings,
cyberattacks managed to hit companies hard, costing TREND 4: GDPR represents a turning point for
them millions of dollars. At the same time, violations of consumer privacy
privacy and cyberattacks remain a reason to worry, in
fact they have grown from a hypothetical problem to a Within just a few months after the General Data
recognized business risk, making long-term Protection Regulation (GDPR) entered into force, the
management changes necessary. first accusations were made public, decisively changing
privacy worldwide. The message spread is that for
TREND 2: Industrial cybersecurity is years behind most industry sectors it will be cheaper to develop their
general IT security products and services in a way that they are most
conform to worldwide standards, instead of considering
In a system of operational technology (OT), computers geographical data protection restriction.
recognize and even change physical processes by
controlling and monitoring equipment such as electric TREND 5: The skills shortage in cybersecurity will
motors, valves or relays, which are used, e.g. by energy distort the labor market
and water suppliers. Even though scares in "industrial
cybersecurity" can have serious effects, it has been The importance of cybersecurity has increased, but
neglected for a long time and was of indifference and there are not enough skilled personnel to cover the

18 June 2019 - Cyber-security & Data Protection