|[December 18, 2013]
Gazzang Predicts: 2014 The Year Companies Take Responsibility for Data Security
AUSTIN, Texas --(Business Wire)--
the big data security experts, today announced its 2014 predictions
covering emerging security trends in big data, the cloud and the
Internet of Things.
"Data security is always a hot topic among IT industry pundits, but I
believe 2013 will go down as the year security crawled out of the
basement and into the cultural zeitgeist," said Larry
Warnock, CEO of Gazzang. "Over the next year, data privacy concerns
will skyrocket. Most people and organizations will realize
they're not being targeted by the NSA; however, the residual effect of
the spying scandal is that data privacy will become a scorching hot
topic in 2014."
Additional Gazzang predictions include:
Increased interest in alternative encryption technologies such as
elliptic curve cryptography and homomorphic encryption. As data
security needs grow, so too will the desire for lightweight data
protection that remains with the data even as the data is being used.
SaaS (News - Alert) vendors will offer encryption keys revocable by end users. More
cloud vendors will provide encryption and allow their clients to
manage access to the encrypted data by giving them ultimate control of
Vulnerability of APIs will be exposed. APIs that enable apps
(and soon Internet-connected objects) to request data from eac other
will become a rich target for hackers -- increasing the risk for
intrusion attacks, data theft or DOS attacks.
One NoSQL database company will IPO by the end of FY2014, signaling
the widely accepted commercialization of big data platforms.
According to Wikibon,
revenue for NoSQL software and services is forecast to reach $1.825
billion in 2017. All this open source software is going to need strong
data encryption, key management and access controls to protect it.
European companies will migrate to regional cloud and SaaS
providers in response to the NSA PRISM scandal. A recent Cloud
Security Alliance survey found that 56 percent of non-US residents
were less likely to use U.S.-based cloud providers in light of recent
revelations about government access to customer information.
Regulators will push for stricter governance of Bitcoins after an
account-balance hack causes global markets to falter. Bitcoin's
decentralized architecture means that it is the world's first
completely open financial network - and subject to significant risk.
Unlike fraudulent credit card charges or bank transactions that are
regulated by law, there is no mechanism to recover lost or stolen
Cars coming standard with browsers will prompt concerns about
vehicle hacks. Someone hacking a computer can be an inconvenience,
but someone hacking a car can be deadly. In a
recent Senate hearing, David Strickland of the National Highway
Traffic Safety Administration (NHTSA) said as electronic systems take
over mechanical ones, attacks could travel via Internet connections,
USB ports and mobile networks. Vehicle-to-vehicle (V2V) and
vehicle-to-grid (V2G) communication technologies, as well as the
advent of semi-autonomous vehicles, present additional potential for
Gazzang provides data security solutions and expertise to help
enterprises protect sensitive information and maintain performance in
big data and cloud environments. Our technology enables SaaS vendors,
health care organizations, financial institutions, public sector
agencies and more to meet regulatory compliance initiatives, secure
personally identifiable information and prevent unauthorized access to
sensitive data and systems. The company is headquartered in Austin,
Texas and backed by Austin Ventures and Silver Creek Ventures. For more
information, visit www.gazzang.com.
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