InfoSec: Securing identity and finances key to next decade


InfoSec: Securing identity and finances key to next decade

Simon Quicke

The future for those operating in the security channel will be dominated by trying to secure the cloud, make cashless payments safe and in helping customers and firms establish and protect their digital identities.

According to research about the state of the security market in 2020 unveiled at today's InfoSec event in London by the government supported Technology Strategy Board the world is going to change fairly significantly over the next decade.

One of the biggest challenges for the security industry is in helping users manage their online identities, which will become even more important as we move towards a cashless society with payments being made via the web.

There is an expectation that there will be an explosion in the amount of data being sent through networks and a significant rise in the number of mobile devices.

Neil Hampson, a partner at PricewaterhouseCoopers LLP, who was part of the team commissioned to write the report, said that as more information was communicated electronically there would need to be a greater trust between humans and technology.

"The information security environment will change significantly because of the volume of data and how it is used," he said.

Barry Jaber, assistant director of strategy at PwC, highlighted seven key themes that will dominate the agenda in the next decade: changing infrastructure, data explosion, users being always connected, changing payment models, tougher regulations, multiple internets and new identity models.

Of those the idea of money moving towards micro payments, which will be of great interest to cyber criminals, and the question of identity were identified as a couple of the biggest challenges.

"A recurring theme has been the concept of trying to establish digital identity and that will be one of the greatest challenges that will emerge in the next decade," he said.

More analysis in MicroScope on Monday


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