The growing threat of cyberattacks may give rise to a new form of private security or policing.
By now, it’s no secret that cybersecurity as a threat has increased over the last year, driven in part by people working from less secure locations. Attacking a home Wi-Fi network is a much more attractive preposition than trying to infiltrate an expensive, state -of-the-art, digital security system used by an enterprise.
Apart from antivirus and firewall protections that many have on their devices, who do you call if and when an attack does happen?
In the event of a physical break-in, for example, people have the option of calling the police or a rapid response team.
In the case of a cyberattack, the options are a lot more limited.
Cyber risk management firm STORM Guidance seems to have woken up to this reality with a new service called CyberCare, which is designed to assist businesses with “potentially devastating cyber incidents, such as business e-mail compromise and malware, including ransomware”.
While this is a step in the right direction, one could argue that there is probably an opportunity for a similar service catering to consumers specifically. Over the past year, people have become acutely aware of how valuable their personal data is and the safety risks that come with operating online.
While many security firms have come up with ways to protect enterprises, perhaps the consumer market could be the growth engine for a new type of service, reacting in real time to cyberattacks on individuals. An online rapid response, so to speak.
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