The incidence and scale of hacking (and other types of data security breaching) activity, multiplied by its accelerating level of sophistication has individuals and businesses in an ever-increasing state of fear.
With our dangerous growing dependency on the electronic storage and transmittal of information, as well as with the growing percentage of commerce and banking transacted online and via mobile devices, there is a rapidly rising risk of significant financial and personal (real, physical) loss. Of course, this increasing risk, both actual and perceived, will translate to increasing opportunity for certain entrepreneurs, enterprises and visionary investors.
I would suggest that two business-to-business industry sectors which will ripen to full bloom during the next two to three years [although I do not provide financial or investment advice to any reader/s under any circumstances] will be: 1) cyber security assessments, evaluations and standardized ratings*; and 2) insurance (i.e., insurance products and policy providers) against losses due to incidents involving hacking or other types of data security breaches.
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* These standardized security ratings could be some variation on the theme of ISO (the International Organization For Standardization) 27001, or promulgated by some other body, either existing or to be created.
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Start scanning and scouring the news and marketplaces for companies which are contemplating significant investments or forays into either one or both of the above industry sectors, and you will be looking at the future, albeit today.
Prepare yourself, your systems, your routines and your portfolio accordingly.
Douglas E. Castle for The Global Futurist Blog
With our dangerous growing dependency on the electronic storage and transmittal of information, as well as with the growing percentage of commerce and banking transacted online and via mobile devices, there is a rapidly rising risk of significant financial and personal (real, physical) loss. Of course, this increasing risk, both actual and perceived, will translate to increasing opportunity for certain entrepreneurs, enterprises and visionary investors.
I would suggest that two business-to-business industry sectors which will ripen to full bloom during the next two to three years [although I do not provide financial or investment advice to any reader/s under any circumstances] will be: 1) cyber security assessments, evaluations and standardized ratings*; and 2) insurance (i.e., insurance products and policy providers) against losses due to incidents involving hacking or other types of data security breaches.
____
* These standardized security ratings could be some variation on the theme of ISO (the International Organization For Standardization) 27001, or promulgated by some other body, either existing or to be created.
____
Start scanning and scouring the news and marketplaces for companies which are contemplating significant investments or forays into either one or both of the above industry sectors, and you will be looking at the future, albeit today.
Prepare yourself, your systems, your routines and your portfolio accordingly.
Douglas E. Castle for The Global Futurist Blog
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THE GLOBAL FUTURIST – Douglas E Castle
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