Cybersecurity threats are so common today that it’s no longer a question of “if” cybercriminals target your company, but “when”.
Cybercriminals around the globe are constantly changing their tactics. Cybersecurity is an arms race, and awareness is the best defense against these constant attacks.
Hacking is a common problem, but a higher percentage of cyberattacks involve malware distribution, phishing, and social engineering. These tactics target and exploit the unawareness, not the conscious.
It is essential to keep up with the latest cybercrime trends and innovations that could affect your business in order to defend against these potentially devastating attacks.
Ransomware and Phishing, two of the most popular cybercriminals’ tools, aren’t going away. However, as the digital world changes, new risks emerge. Businesses can be more at risk due to the increasing use of cloud computing, as well as our growing network and infrastructure of online assets and infrastructure.
Cybersecurity is a journey and not a destination. For many businesses, a “set-it-and forget-it” approach to cybersecurity can lead to a fatal outcome. You cannot guarantee 100% protection with any tool or technology. To protect your organization to its best, you must keep up to date with security developments.
We’ve compiled a list of things to keep you ahead of the game in the next year.
Exploitation of IoT DevicesThe Internet of Things is growing at an ever-increasing rate. Connecting more devices to the cloud every day is a great way to increase productivity and convenience, but it also increases cybersecurity risk.
Hackers and extortionists are looking for new targets to attack every device that joins IoT. They’re using increasingly sophisticated AI and machine-learning tools to monitor our day-today lives. These digital infiltrators are able to access personal and commercial information from compromised devices such as smart TVs and voice assistants, and extract cash from users.
This business model has been used in attacks against consumer devices. Soon, we will see an increase in cases targeting industrial machinery.
Cybercriminals also use IoT devices for accessing corporate networks and delivering malware. These infected IoT devices can then be used to launch massive DDoS attacks. This is what happened with the Reaper botnet attack in 2017, which targeted vulnerabilities in IP camera cameras.
It is estimated that over 100 million IoT attacks were committed in 2019, often exploiting unpatched software and lax security practices of device owners.
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Phishing using Deepfake technology Deepfakes are not an exception.
We have already witnessed the incredible power of a well-executed deepfake. These AI-powered counterfeits will be unleashed on businesses more often as the technology becomes more convincing and accessible.
Deepfake is a powerful weapon in cybercrime. It can be used to manipulate employees into sharing sensitive information and funds by imitating trusted persons of authority, using fake images to bypass biometric security, or creating deepfake videos to blackmail users.
Hackers defrauded a UK company in energy by using software that imitated the voice of its CEO to steal EUR200,000. The thieves instructed an employee to do the same.