Big Data Market Segment LS
Big Data Market Segment RS
Friday, 09 January 2015 17:24

Time to demonstrate value of investment in Big Data Featured

By
Image courtesy of Stuart Miles freedigitalphotos.net/images Image courtesy of Stuart Miles freedigitalphotos.net/images

The chickens look like they are coming home to roost in 2015 for those businesses and organisations which have invested their money in Big Data technologies.

According to a report just published by BAE Systems Applied Intelligence, a division of UK-based BAE Systems, predicting key trends for 2015, business leaders who have funded investments in Big Data technologies in recent years are now wanting to see just what value they have got from their investments.

And, BAE anticipates this year to be “crunch time” for what it calls Big Data crunching - where those who are still running at the prototype phase are expected to deliver more towards specific business use-cases to justify continued investment.

“We’ve seen the rise of ‘Big Data’ in recent years with technologies such as Hadoop moving from niche projects to mainstream workhorses. Businesses in sectors such as telecoms, banking, and technology have shown most interest and many have already invested in Big Data technologies,” says Scott McVicar, Managing Director, Cyber Security, BAE Systems Applied Intelligence.

“We are now entering a maturing phase of the lifecycle, with competing platforms, support services, and a strong market for developers, data scientists and administrators. However, business leaders who’ve funded the investment are increasingly asking their technology teams to show value from their implementations.”

According to McVicar, having to deliver business-case justification “will focus minds from ‘getting more data in’ to ‘getting more out of existing data’.”

And, he says there will be a shift from technologies which enable storage and basic reporting to those which enable meaningful intelligence to be extracted.

“Use-cases such as network monitoring, fraud-detection, and security analytics will be popular – driven by the increasing overlap between cyber threats and other risks and more focused board-level attention on managing cyber security across the business.”  

Other key predictions for the ‘digital criminality’ landscape in 2015 by BAE’s McVicar include:

•    Fragmentation of cyber criminal activities will pose new challenge to detection and investigation

The past five years have seen an increasing industrialisation of the cyber criminal marketplace. Specialisms such as malware authoring, counter-AV testing, exploit kits, spamming, hosting, money-mulling, and card cloning are becoming miniature markets of their own. Crime as a service is a reality, lowering the barrier to entry for budding criminals and fuelling the growing threat, year after year.

Law enforcement action has done well to date by focusing on the big problem sets and causing significant disruption to these activities. In 2015, BAE Systems Applied Intelligence anticipates these efforts will cause a fragmentation in the market as criminal actors split into smaller units using newly developed and more resilient capabilities. We believe this will present a greater challenge for the security community. We also see the need for law enforcement to find ways to drive efficiency and automation into their intelligence collection and analysis work streams. This should enable them to ramp up the number of simultaneous investigations and make disruption a ‘business as usual’ activity.

•    We will enter a period of ‘hyper regulation’

In the context of millions of dollars in fines, financial institutions now have an imperative to actively search out criminals such as money launderers, rather than simply being compliant with regulatory guidance. We believe more organisations will hire more big hitters from the law enforcement and national security world to show they are serious about stopping the criminals.

Organisationally, we will see continued efforts to remove silos between Risk, Compliance and Information Security departments, a continuing move towards these departments to work more closely together, and requirements for combined detection capabilities. From an operational perspective, joining-up investigative capabilities to develop a single intelligence platform across the enterprise will be increasingly key. This will be combined with the deployment of integrated case management for all forms of financial crime across all financial institutions.

•    The arrival of the next industrial revolution will be accelerated by building in security from the start

One of the most disruptive forces in the coming generation will be the growth in interconnectivity of machines, data, and people. Known as the “Internet of Things” (IoT) or the “Internet of Everything” (IoE), this disruption is expected to bring us the next industrial revolution whereby automation and orchestration of many tasks in manufacturing, retail, transport and the home lead to greater efficiency and massive productivity gains. Little stands in the way of this advance in technology; however security professionals are already voicing concern about both the systematic risks of greater connectivity, as well as the risks to life with machines such as cars and medical equipment becoming part of the connected world.

We anticipate that 2015 will see increased focus on building in security-from-the-start for the next industrial revolution; security professionals will be tasked with finding solutions for protecting critical systems and national scale infrastructure. They will look at techniques such as segmenting high value systems away from high risk activity whilst retaining connectivity and trusted data flows. With a broader attack surface we expect that criminals, activists, and spies will continue to penetrate networks. Limiting potential impact whilst enabling the myriad of advantages connectivity brings will be key to realising the benefits. Rather than being an impediment, we expect that good security can actually speed up the realisation of this next industrial revolution.  

•    The art of attribution will be impacted by deception efforts

Cyber threat reporting and public whitepapers have grown in regularity and prominence during 2014. One of the key parts to a contemporary threat report is attribution – the small details in the code and attack behaviour which give away clues as to the perpetrators of attack campaigns. What should be a scientific process is still more of an art, with technical indicators mixed in with contextual information and cultural references providing hints which are picked up by researchers. Attackers read the resulting public reports as well, we can see evidence of this from the shifts in behaviour which occur immediately afterwards.

In 2015, we anticipate that attackers will go to greater lengths to improve their own operational security and increase their use of deception – that is, the placing of false flags to throw off researchers and hamper attribution. This runs the risk of undermining the art of attribution and casting a shadow over the field of threat intelligence. Researchers will need to adopt practices from the professional intelligence community and tread more carefully when drawing conclusions about who is ultimately behind cyber attacks.


Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments