by Shaun Read
Companies looking to gear up for 4IR are well advised to determine the extent to which they the leave the analogue world behind
It is rumoured that President Vladimir Putin writes all his memos by hand. The reason is simple: you cannot hack a piece of paper. The only risk is that some Kremlin lackey loses the piece of paper (no doubt to be followed shortly by his accidental fall from a tall building).
Whether the rumour is true or not, the reality is that the only way to avoid being hacked is to not connect with the cyberworld. However, this is simply not possible for any business operating today. The result is the often-repeated mantra that there are only two types of businesses: those that have been hacked and those that will be hacked.
Despite this threat, more and more companies pride themselves on their progress towards greater integration of their systems and the Internet of Things (IoT) or the so-called fourth industrial revolution (4IR). As they do, they leave the analogue world further and further behind.
Historically, most cyberattacks were aimed at accessing a company’s database. As a result, businesses have naturally focused on protecting their data and creating parallel data storage and recovery centres. However, the increased integration of digital systems has allowed cybercriminals to open new and more lucrative opportunities for hacking. As a result, cybercriminals are increasingly focusing their attention on denial of service attacks, which shut down a company’s entire IT system. Companies have to then either pay a ransom to remove the lock on their system or find a workaround.