Playacting isn’t just for the human resources department anymore. Diane Reynolds of Taft Stettinius & Hollister suggests rehearsing responses to potential data attacks. “Hacking used to be the domain of college-aged geeks, but those days are past,” she says. “Cyber criminals across the globe are concocting new ways to penetrate the security of organizations, to wreak havoc on data and steal everything from intellectual property to customer information.”
Compounding the issue is the growing prevalence of the Internet of Things. Estimates say that by 2020 between 26 billion and 50 billion devices will be embedded. Reynolds warns that the way IoT technology stores data on the cloud can be problematic for privacy. Indeed, a study by Hewlett-Packard Co. predicts that 70 percent of the most common IoT devices contain vulnerabilities, such as password security and encryption flaws, says Reynolds.
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