The Tanium 10: Cybersecurity Spending To Hit $86.4 Billion This Year | Mixing Malware With DNA

Susan Nunziata Posted on 08.18.17 — by Susan Nunziata

Welcome to The Tanium 10, our weekly roundup of the news that matters most to security and IT professionals. Each week, we spotlight the 10 stories, trend reports, and research that caught our eye—all to help you keep up with what’s happening in our fast-paced industry. We value your feedback. Once you’ve read this week’s insights, please email me here and tell me what you think.

The Tanium 10

The Tanium 10 for the week ending August 18, 2017:

  1. Organizations worldwide are on track to spend $86.4 billion on cybersecurity products and services this year, according to the latest forecast from Gartner. This marks an increase of 7% over 2016, with spending expected to reach $93 billion by the end of 2018. Spending on products and services is only part of the story, according to Sid Deshpande, principal research analyst at Gartner. “As seen in the recent spate of global security incidents, doing the basics right has never been more important,” he said in a prepared statement. “Organizations can improve their security posture significantly just by addressing basic security and risk-related hygiene elements.”
  2. Do you work at a startup, or know someone who does? Here are seven things about cybersecurity every new company needs to know.
  3. IBM Security is offering a scholarship for women to attend the Hacker Halted security conference in October for free. Hacker Halted, which charges a $3,000 registration fee, is produced by the EC Council. This year’s conference theme: “The Art of Cyberwar: Lessons from Sun Tzu.”
  4. Biohackers have figured out how to insert malware into a strand of DNA. Let’s file this one under Just Because You Can, Doesn’t Mean You Should.
  5. With thousands of 18-year-olds across the U.K. receiving their exam results on Thursday, Ian Glover, the President of security certification body Crest, urged school leavers to consider cyber security apprenticeships. Glover said cyber security apprenticeships could be crucial to filling the cyber skills gap and offer young people a promising career without the burden of debt. “There are incredible people working in the cyber security industry, but there are simply not enough of them,” said Glover.
  6. Last August, China launched the world’s first quantum satellite to help establish “hack proof” communications. This week, “unbreakable code” was sent from the satellite to Earth, China state media reported, marking the first time space-to-ground quantum key distribution technology has been realized.
  7. Hackers continued their attacks on HBO this week, releasing unaired episodes of popular shows such as “Curb Your Enthusiasm,” and taking over several of the network’s social media accounts. The sixth episode of “Game of Thrones” was also leaked briefly in an incident reportedly unrelated to the hacks.
  8. The City of Los Angeles kicked off an initiative to share information about cybersecurity threats with businesses. Companies will be able to share data with the city anonymously through an online exchange under construction.
  9. WLAN nerds take note: Engineers at the IEEE are hard at work developing the standard for 802.11ax, which promises speeds in excess of 10 Gbps — almost 40% faster than Wave 2 802.11ac. The final standard is expected in 2019.
  10. Here’s a handy guide to how the EU’s new General Data Protection Rules(GDPR) will affect your company’s handling of Personally Identifiable Information (PII).

And another thing…

Are you all set for Eclipse 2017 on Monday? Here’s everything you need to know.

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