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Cybersecurity experts from around the world will descend on the Moscone Center in San Francisco for RSA Conference 2015 this week. The growing security industry is expected to be worth up to $20 billion within the next three years, as the US government and private sector companies purchase new software and hardware.
"Seven or eight years ago you could hear a pin drop at RSA," said Dan Ives, analyst at FBR Capital Markets, in a statement to FT. "Now it is going to be like a Bon Jovi concert. It is the seminal event in cybersecurity: the new year's eve, the wedding, the bar mitzvah."
A number of high-profile security incidents in 2013, 2014 and so far in 2015 have shown the need for next-generation cybersecurity solutions. More than $1 billion in venture capitalist funds have been invested in cybersecurity during Q1 2015 alone - and it appears more investors are preparing to flock to the market.
US lawmakers and military officials are worried that their cyber abilities are still not advanced enough, especially in regards to cybersecurity, and want to increase efforts to recruit cyber warriors. The top Pentagon cyber official, Eric Rosenbach, confirmed he is concerned that the Cyber Command doesn't have a strong command and control platform that can launch strong offensive cyber weapons.
"Today I think we are, we could be, an easy target," said Air Force Lt. Gen. James McLaughlin, deputy commander of the US Cyber Command, in a recent statement to Capitol Hill.
The US military wants to create a group of 6,200 'cyber warriors' by the end of next year, working in 133 operational teams. Along with increasing manpower, US military leaders want to invest in new hardware and software that will give it an advantage against foreign governments.
The Iranian government has a growing cyber arsenal capable of launching more attacks against political rivals and foreign governments, according to the Norse cybersecurity firm and the American Enterprise Institute. Even with international sanctions, the country has been able to create tools used for reconnaissance and intelligence collection from compromised targets.
"Cyber gives them a usable weapon, in ways nuclear technology does not," said Frederick Kagan, director of the American Enterprise Institute's Critical Threats Project, in a statement published by the New York Times. "And it has a degree of plausible deniability that is attractive to many countries."
There is concern that Iran would spend even more money to help develop its cyberweapons - but the country has already continually improved its current attack capabilities. China and Russia have developed capable cyberattack efforts, but cybersecurity experts show the most concern that North Korea and Iran are trying to improve their hacking tools.
There were at least 29 million US healthcare records stolen between 2010 and 2013 in data breaches, according to the Journal of the American Medical Association (JAMA). More than 58 percent of data breaches occurred by theft, with two-thirds of the incidents caused by electronic data that was stored on laptops, USB drives, and other portable media.
Stanford University and Kaiser Permanente researchers studied data breaches that involved at least 500 victims or more, so the 29 million figure could actually be even higher. It's also worth noting that some healthcare patients could have been victimized more than once, as some data may have been duplicated.
Cybersecurity professionals believe 2015 could be the year of healthcare record chaos, as Anthem suffered a breach - and more could be on the way.
Small businesses are a lucrative target for cybercriminals trying to launch ransomware malware attacks, and the problem is only getting worse. Careless employees are tricked, typically using phishing emails, and the custom malware encrypts various files - demanding a ransom payment or the files will be permanently encrypted.
"They set the ransom so low that, as violated as I feel and as much as I wanted to fight, at the end of the day I realized I can pay and get back to work," said Mark Stefanick, president of Advantage Benefits Solutions, in a statement published by the Wall Street Journal. Stefanick chose to pay the $400 ransom so files were quickly decrypted and his company could get back to normal operation.
Around 30 percent of ransomware victims choose to pay the ransom to end the cyberattack, according to Trend Micro chief cybersecurity officer Tom Kellerman. There were at least 250,000 new ransomware samples studied by Intel Security during Q4 2014, a whopping 155 percent increase quarter-over-quarter.
A hacker group with support from the Chinese government has operated for more than 10 years without being detected, able to compromise information from companies and reporters, according to FireEye. Many of the attacks started with social engineering, with victims unknowingly installing the Mysterious Eagle malware onto PCs - so the hacker group could remotely monitor and control the compromised systems.
The APT30 group has been in operation from 2004 and was able to collect information "about journalists, dissidents and political developments in relation to China targeting government and military organizations, and targeting economic sectors of interest to China's economy."
The Chinese government has long been accused of funding cybercriminal groups aimed at compromising western targets - much of the attention is focused on the US government and companies with US customers.
Most headlines featuring hackers tend to focus on cybercriminals trying to breach security protocols for criminal gain - but there is a growing effort to support "white hat" hackers working in an ethnical manner to find security bugs.
"There are actually a lot of good hackers out there that are revealing vulnerabilities and bugs in technology that we all rely on," said Keren Elazari, analyst for GigaOM Research, while speaking during the Atlantic Security Conference, in a statement to CBC's "Mainstreet" program. "A lot of companies are still kind of reluctant to open their doors to hackers... that's something I'm trying to change."
Google, Facebook, Tesla, and other companies rely on so-called "bug bounty" programs that provide cash and other incentives for coders. It can be difficult for internal programmers to try to work out bugs and vulnerabilities in their own software, so having outside help can be critical.
Even with companies spending more on cybersecurity efforts, data security breaches are at an all-time high, the Gartner research group recently said.
However, these high-profile breaches are finally sounding alarm bells among C-level executives - and they may be desperate to spend money - but aren't really sure what they are buying and trying to implement.
The number of security information and event management (SIEM) solutions leads the way in regard to cybersecurity, collecting, saving and analyzing security data. However, trying to sort through all of that data remains rather confusing, but security analytics technology is maturing.
Cybersecurity is a complicated issue that has serious ramifications for the United States and other countries that aren't focusing enough attention on the matter. More national governments are developing programs to attack political rivals, in an effort to steal information and cause data breaches.
"Cyber is a weapon of war," said Ray Boisvert, former head of intelligence for the Canadian Security Intelligence Service (CSIS), in a statement to The Register. "The NASDAQ and Home Depot hacks are examples of this."
There are around 60 countries involved in various forms of cyberespionage, including terrorist groups like Hezbollah, according to US assistant secretary of defense for Homeland Defense and Global Security, Eric Rosenbach. Boisvert thinks that number is accurate, though much of the attention is focused on Russia and China.
Russian intelligence agents are now sharing sophisticated malware created for cybercriminals and organized crime to use in their efforts to conduct cyberespionage.
"Russian nationalism and organized crime are being assisted by Russian state security," said Ray Boisvert, former assistant director and the head of intelligence for the Canadian Security Intelligence Service (CSIS), in a statement to The Register. "The red lines have gone because of Ukraine. Organized crime is being told they can disrupt Western interests."
Russia has been accused on multiple occasions of providing support to organized crime and hacker groups, willing to conduct cyberattacks against foreign targets. However, trying to catch perpetrators and hold them responsible for data breaches, cyberespionage, and other similar crimes is extremely difficult for US authorities.