Knowing the 6 worst cybersecurity threats to worry about in 2020 is crucial, as the latest trends of 2019, have now been converted to threats that might cause you a great loss.
Artificial Intelligence Fuzzing (AIF) and Machine Learning (ML) poisoning are all set to be the next big cybersecurity threats.
With Machine Learning and Artificial Intelligence getting all the hype, the hackers are also well-informed and finding ways to convert it into a threat. But as it is said that preparation minimizes the threat, so finding out the loopholes and working on them will help you go survive this dangerous digital age. It is not just the preparation, but knowing the rule of game by heart that matters. The latest technology means many cases and scenarios unknown. To top it, if one faces an issue, the way out is not written anywhere, as the world will learn through you.
Below are the cybersecurity threats you should counter to live safely in 2020:
As the future of data storage is in the cloud, so we see a trend of migration to cloud storage. The high-class cloud computing has synchronized all applications and devices without the need for data management on the client end. But with this, the cloud jacking has also taken stronger roots.
In 2019 we saw the largest data breach of company Capital One when their cloud computing company was hacked that led to 106 million records being exposed.
This makes Cloud Jacking among the 6 worst cybersecurity threats to worry about in 2020. This has been a lesson for many cloud infrastructure service providers, helping them scrutinize their server closely. If you go for a reputable company, the chances of such happening reduce. The companies have proper Quality Assurance teams that work closely to identify issues as they surface.
IoT Data Threat
As we see big giants like Google supporting IoT by giving away Google Home Mini like gadgets at least cost. They might be doing it with the good intention of making their potential customers feel the ease it will bring, but there are people with mal-intentions too. As smart devices have complete information from your heart rate to the moment you enter the garage from work, so you should contact a reliable service provider or buy authentic cloud infrastructure services. This helps in managing the inventory of all internet-connected devices and the operating system they run on.
IoT is expected to reach 1.1 trillion in 6 years from now (Fortune Business Stats)
So being vigilant instead of panicking is the way out. The security strategies should be closely executed, so you enjoy the full benefit of this technology.
Phishing is social engineering where an attacker makes similar to authentic email, text, or website tricking people into sharing sensitive information. It is an easy, effective, and minimal cost requirement process, so hackers use this tactic more often.
With emails being bombarded on us, we should be careful as 1 in every 99 emails is a phishing attack (Small Business Trend)
People should be trained to identify phishing attempts, as there is always something different than usual. It can be a minor change of URL, a change in the interface, or something else; that only trained eyes can identify. They should never click on bait sites offering money or anything else as unfair remuneration. As employees/ people working should know that no one gives you anything for free, so do not fall for the trap. Cloud computing can be the way out as users are given limited access to information depending on the level of information need.
This stands at an important position in 6 worst cybersecurity threats to worry about in 2020. An employee has the highest level of data access that when compromised can be disastrous. As you cannot predict when such a thing might happen and even if this type of situation surfaces you require time to undo loss if possible. Taking precautions is a way out, as you can never judge fast if it was a mistake or intentional. The best solution is providing limited access to employees to the extent that their everyday tasks require. A system with verifications on different levels can also prevent accidental opening of network security. Training employees regularly, to use their system efficiently, will also reduce the probability of such happening. Continuous monitoring, feedback, and improvements in the system can also be helpful to reduce the chances of such attacks.
This is more of a distraction mechanism than an attack in many cases. Distributed Denial of Service (DDoS) attack paralyzes your overall business operations. It is often used as a camouflage where it starts, stops, and restarts making one panic. In the meanwhile, other data breach is in progress, while your focus is on this side. It can be an application layer attack, volume-based, or protocol-based; hence the solution to counter it varies.
Having a strong cybersecurity provider have a priceless role, as they can identify the issue and solve it before a loss happens. They play the role of an informed person when the magic trick is being played, making others spell bounded, as they know the catch in it.
The term hacking means an attempt to bypass your closed network security in a fashion that a third party gets access to your company network. They attempt is done by identifying the weakest defense and entering through it. It can be due to an unintentional or overlooked glitch in your security layer. It posses a greater threat, as a small unprotected asset on the network can risk your whole organization data.
The seriousness of this cybersecurity threat can be identified by the 2014 JP Morgan bank breach case. As with dual-factor authentication, the counter password theft-based cybercrime can be avoided in the bank. But as one of the assets on the network had an old version it became the point of loss. Similar to internal attack this unintentional glitch can bring life-threatening loss or the compromise of goodwill to the company.
According to the 2019 Report by Verizon, 53% of cybercrimes happen due to hacking.
Hence the 6 worst cybersecurity threats to worry about in 2020 are a combination of old mal-practices and new ones. We cannot judge if a cyber theft of future might be a hybrid of past and present, so taking the right precautions and keeping a close eye on the organizational network will help you survive 2020. With COVID-19 pace of technology update, digitalization and cybersecurity threat are magnifying. As even those who were previously not part of your network will come to you for online services, so be vigilant to turn this pandemic in your favor instead of making it work against you.
If you have a complex system or need someone with expertise in data security it is best to outsource to an experienced and reliable company, instead of trying to do things on your own. The damage due to the cybersecurity issue is much more than the cost-saving that makes the organization compromise on this factor.