📈Chartpack: Security and privacy trends for product teams
Security is no longer just for SecOps and DevOps teams. Get to grips with everything you need to know in 2024
🔒Chartpacks are in-depth analysis of the data and trends you need to help you make stronger strategic decisions. These product-focused insights will broaden your perspective beyond your immediate working environment.
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Hi product people 👋,
Picture this. You’re working at a large financial institution and you’re on a video call with all of the colleagues in your team. After wrapping up a couple of agenda items, your chief financial officer asks you to wire a specific amount of money across to a customer - and so, since your CFO made the request, you do as they ask.
A few days later, the CFO calls you up to ask why such a large amount of money was unlawfully transferred to a client. You tell them you did as they asked but they explain no such request was ever made.
Eventually, it turns out everyone on the call you had - including the CFO and all your colleagues - were deep fakes. Believe it or not, but this actually happened to a worker in Hong Kong and it’s thanks to the rise of generative AI that product teams now have to be increasingly vigilant about the new ways criminals can cause catastrophic damage.
We explored passkeys in the Knowledge Series, but that’s just one part of the security trends that are worth knowing about as a product team.
In this Chartpack we’ll go deeper into some different types of security threats to explain how they work. Plus, we’ll explore the latest data on how users perceive these types of threats so that you're fully up to speed with the types of emerging threats product teams face.
Security is a dry topic, I know, but we’ll try our best to make this as interesting as possible!
Coming up:
Types of security threats and how they work
New, emerging threats powered by generative AI
What users really think about their own privacy in data
Practical ways product teams can help prevent security threats
Important legislation product teams should know relating to security and privacy
25 practical security and compliance tools you can use on your product and personally to boost security
Types of security threats and how they work
Before you can begin to start thinking about addressing - or preventing - security threats, you first need to get an understanding of the types of security threats and how each one works.
According to a recent piece of analysis, here are some of the most common security threats that companies face in 2024:
Phishing is top, followed by impersonations, viruses, hacking and denial of service attacks. Let’s take a look at what some of these mean. Later, we’ll consider some of the practical steps product teams can take to prevent them.
Phishing
The term phishing is derived from ‘fishing’ (no surprises there). But the reason it starts with a “ph” and not an “f” in this case is because "ph" is a common hacker replacement for "f," a practice that is thought to date back to the early days of hacking and phone phreaking. Phone phreaking was a type of hacking that involved playing sound tones into telephone handsets to get free phone calls, and it was one of the earliest forms of hacking.