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Gazzang Predicts: 2014 The Year Companies Take Responsibility for Data Security

Gazzang, 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 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 the keys.
  • Vulnerability of APIs will be exposed. APIs that enable apps (and soon Internet-connected objects) to request data from each 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 bitcoins.
  • 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 vulnerability.

About Gazzang

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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