In today’s digital world, you cannot 100% forecast the security breaches with hopes of coming with mitigation strategies. Cybercriminals are getting smarter each day with the published information on the internet. You should come up with strategies not only to leverage on the information to safeguard your business but also on how to reduce the damage on cyber-attacks.
In late last year, American consumers were exposed to Equifax data breach, tax fraud, malware and phishing scams. Cyber-attacks are growing at an alarming rate even the security teams are unable to keep up with the pace.
This article has a list of the top 7 security threats you should watch in 2018
1. Increased IoT attacks
Millions of connected devices have little defence mechanisms to protect against hackers. Recently, the internet infrastructure company was attacked by a network of devices that had been compromised. This made services like Reddit, Twitter and other websites which rely on Dyn domain services inaccessible. This almost affected everyone even those security concerns is not an issue because they couldn’t access certain services via the devices for hours.
The attack was a distributed denial of service (DDoS) which was driven by the IoT devices. Over the last year, a research done showed over 8.4 billion users are connected to the internet through IoT device. This number is expected to grow for the next two years. The more we access the internet through various devices, the more vulnerable we are to the cybercriminals. Bonet attacks are not only limited to IoT they have affected a number of Android platforms.
2. Phishing attacks and social engineering
Hackers are using phishing attacks to obtain confidential information to unsuspecting users like usernames, passwords, and even credit card details. These hackers disguise themselves as a trustworthy entity via an electronic communication channel.
Gmail account was affected by the phishing scam last year. Many were unaware of what is happening and Google had to take measures to protect the consumers from more damage by the attacks. These scams are expected to increase this year and you should more prepared to face them.
Social engineering attacks will keep on growing since there people out there ready to do anything to get sensitive information about individuals or businesses.
3. Ransomware
Ransomware attacks have grown over the last decades and it affects both individuals, private businesses, foreign governments and health centres. In ransomware, an unauthorized person can block access to computing systems and demand payment of a certain amount or certain conditions to be met for them to unblock the computer for authorized persons. The attacks not only targeting the window users but have been spreading to users using platforms like Mac, Linux iOS, and Android smartphones. Security experts say this attack is expected to grow tremendously in 2018. There are higher chances that the ransomware attacks will target cloud computing businesses in 2018.
4. Mobile security threats
Cyber-criminals have recently been using mobile devices to carry out their malicious activity. The risk of cybercriminals targeting individuals is going to raise this year.
5. Artificial intelligence
No matter how strong are your defence mechanisms, hackers always find a way to penetrate your system or even sometimes hire someone to do so. Most businesses are trying to solve attacks which happened yesterday, they tend to believe that if they can analyze attacks which happened yesterday to someone else, then they can predict tomorrow’s attacks. AI solves this challenge by helping the business learn in real time what is happening and to take actions. Hackers are not left behind, their continuously using machine learning to identify weaknesses to take advantage on. They are using AI to generate Phishing messages and emails in large numbers and distribute them over the network.
6. Cyber warfare, election hacking
Pat Larkin CEO of Ward solutions said: “in 2018, there will be sophistication of cybersecurity threats with huge damage to personal data”. Continued attacks on nations as termed an act of war needs the cybersecurity response team to work tirelessly in 2018 to protect national security, come up with defensive responses to deal with more cyber warfare.
Election hacking has been of major interests to cybercriminals. They can cause physical damage to the government election infrastructure. In 2018 and coming years, the government should be on the first line to put a stop on the cyber wars, protect their interests and national security at large.
7. Crypto-currency mining
Everyone has been talking about crypto-currency and how to mine Bitcoins. Hackers are now targeting miners of crypto coins. They compromise network infrastructure and hardware devices used for mining cryptocurrency. Since it is an emerging trend, holders of cryptocurrency should be more concerned about hackers hijacking more mining networks in 2018.