Biggest Cyber Security Disasters Observed in 2017

An enterprise app is now the focal point of every company. New technologies are resurfacing, reshaping the way businesses function and this is how consumer’s demands are met. Businesses are slowly shifting from legacy to smart techniques, seizing the benefits provided by ‘ease of access to technology’ and ‘Internet of Things (IoT) Integration’.  This perpetual technological evolution has given rise to a range of new enterprise application development trends that have transformed the way app development processed in past.

This year has witnessed numerous changes in the technology landscape with latest and innovative ideas making its mark. In the same way, Enterprise Applications have not only seen a change but a paradigm shift in digital media, cloud, big data; all these and more, making people ponder over the way how Enterprise Applications work. Whilst deploying up-and-coming technologies can undoubtedly be of huge assistance to an enterprise, it also gives rise to fresh opportunities for the hacking community.

This year; most testing of all, though, was the aptitude to embrace the trends disrupting the status quo whilst also making sure the organization is protected from cyber threats. In light of constant high-profile data violations,  security emerged as the number one concern for IT leaders around the world.

Let’s  have a look at the most important enterprise application development trend; i.e. Cybersecurity, that was and is still centered in 2017. With the increase in cyber attacks, organizations witnessed a great rise is security breaches and other various cybersecurity threats. These attacks grew more sophisticated than the world had ever seen.

Security took the spotlight in 2017

The initial six months of 2017 have seen an undue number of cybersecurity meltdowns.  Let this recap of a few 2017’s prime cyber-incidents serve as a memento of just how chaotic things can become.

May 3, 2017: Gmail users were besieged in a complicated phishing scam where account access was made through a third-party app. Nearly one million users came under the impact.

July 13, 2017: 14 million Verizon subscribers were reported to have been affected by a data breach where their records were said to have been stolen from Israel based Nice Systems.

Aug 19, 2017: HBO hackers obtained all of HBO’s social media logins and GIPHY credentials. In another news, four men in India allegedly smuggled the Game of Thrones prior to the air date out of Prime Focus Technologies, a corporation that works with Star India, which takes on HBO in that country.

September 7, 2017: Equifax, one of the three largest credit agencies, in the U.S underwent a horrible breach affecting 143 million consumers where hackers gained access to company’s systems from mid of the May up till July by abusing a meager point in the website software.

September 25, 2017: A pretty embarrassing breach occurred in Deloitte-a multinational professional services firm. Embarrassing because the firm was once coined as “best cybersecurity consultant in the world” by Gartner.

October 9, 2017: In December 2016, Reportedly “more than 1 billion user accounts” may have been affected by the 2013 Yahoo breach when in reality, the count went way above than 1 billion. It was further revealed that every single account came under the impact where 3 billion Yahoo accounts including email, Flickr, Tumblr, Fantasy were stolen.

October 12, 2017: Following a massive data breach in December 2015, the Hyatt hotel chain fell prey to hacking community again. The company came across unauthorized access to its payment card information for debit as well as credit cards that were swiped at the front receptions of some of its properties.

Netflix Netflix recently encountered—and turned down—a ransom shakedown when hackers hauled up episodes from the forthcoming season of Orange Is the New Black from a third-party production studio.

Hoping to see the end of it!

These, and a dozen more other cyber attacks, breaches, and ransomware of 2017 authenticates that despite the efforts of creating secure applications, some are still left with serious vulnerabilities. A recent report also concluded that 86% of the web applications tested, had grave issues related to access control, confidentiality, and authentication. The worse part; 52% of web applications suffered common vulnerabilities such as SQL Injection, Scripting, Cross-Site and others.

To sum it up, many business applications underwent widely known, yet avoidable security vulnerabilities. These vulnerabilities will lead to more cyber breaches, driving the need for application security further into the limelight. Enterprises will have no choice other than making security a top priority in their development efforts in future.