Information security is principal for most associations since information is viewed as soul of an effective business. Data, for example, customer subtleties, installment data, financial balance subtleties and others must be kept secure and private on the grounds that it is hard to supplant and can be dangerous in the event that they fall into an inappropriate hands.
Information break and information lost can have genuine ramifications for your organization including personal time and costly lawful expenses. Thusly, it is important that organizations use information security instruments and systems to ensure their data against physical and advanced dangers.
A host of new and evolving cybersecurity threats has the information security industry on high alert. Ever-more sophisticated cyberattacks involving malware, phishing, machine learning and artificial intelligence, cryptocurrency and more have placed the data and assets of corporations, governments and individuals at constant risk. [Reference]
Some of the threats presented by Michelle Moore from University of San Diego engulfs multiple factors that are posing as cyber risks. Each of these threats currently are possible factors that most organizations are on the lookout for.
Phishing Gets More Sophisticated — Phishing attacks, in which carefully targeted digital messages are transmitted to fool people into clicking on a link that can then install malware or expose sensitive data, are becoming more sophisticated.
Ransomware Strategies Evolve — Ransomware attacks are believed to cost victims billions of dollars every year, as hackers deploy technologies that enable them to literally kidnap an individual or organization’s databases and hold all of the information for ransom. The rise of cryptocurrencies like Bitcoin is credited with helping to fuel ransomware attacks by allowing ransom demands to be paid anonymously.
As companies continue to focus on building stronger defenses to guard against ransomware breaches, some experts believe hackers will increasingly target other potentially profitable ransomware victims such as high-net-worth individuals.
Cryptojacking — The cryptocurrency movement also affects cybersecurity in other ways. For example, cryptojacking is a trend that involves cyber criminals hijacking third-party home or work computers to “mine” for cryptocurrency. Because mining for cryptocurrency (like Bitcoin, for example) requires immense amounts of computer processing power, hackers can make money by secretly piggybacking on someone else’s systems. For businesses, cryptojacked systems can cause serious performance issues and costly down time as IT works to track down and resolve the issue.
Cyber-Physical Attacks — The same technology that has enabled us to modernize and computerize critical infrastructure also brings risk. The ongoing threat of hacks targeting electrical grids, transportation systems, water treatment facilities, etc., represent a major vulnerability going forward. According to a recent report in The New York Times, even America’s multibillion-dollar military systems are at risk of high-tech foul play.
State-Sponsored Attacks — Beyond hackers looking to make a profit through stealing individual and corporate data, entire nation states are now using their cyber skills to infiltrate other governments and perform attacks on critical infrastructure. Cybercrime today is a major threat not just for the private sector and for individuals but for the government and the nation as a whole. As we move into 2020, state-sponsored attacks are expected to increase, with attacks on critical infrastructure of particular concern.
IoT Attacks — The Internet of Things is becoming more ubiquitous by the day (according to Statista.com, the number of devices connected to the IoT is expected to reach 75 billion by 2025). It includes laptops and tablets, of course, but also routers, webcams, household appliances, smart watches, medical devices, manufacturing equipment, automobiles and even home security systems.
Connected devices are handy for consumers and many companies now use them to save money by gathering immense amounts of insightful data and streamlining businesses processes. However, more connected devices means greater risk, making IoT networks more vulnerable to cyber invasions and infections. Once controlled by hackers, IoT devices can be used to create havoc, overload networks or lock down essential equipment for financial gain.
Smart Medical Devices and Electronic Medical Records (EMRs) — The health care industry is still going through a major evolution as most patient medical records have now moved online, and medical professionals realize the benefits of advancements in smart medical devices. However, as the health care industry adapts to the digital age, there are a number of concerns around privacy, safety and cybersecurity threats.
With hospitals and medical facilities still adapting to the digitalization of patient medical records, hackers are exploiting the many vulnerabilities in their security defenses. And now that patient medical records are almost entirely online, they are a prime target for hackers due to the sensitive information they contain. [Reference]
As digital lawbreakers become progressively modern and network safety risks keep on rising, organizations are turning out to be increasingly more mindful of the potential danger presented by outsiders.