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Top 10 Cybersecurity Threats Businesses Could Face in the Future
Cyber Security, Risk and Compliance - Aug 03, 2022
With the advent of digitization Public and Private organizations, and governments are relying on computerized systems to run their day-to-day operations. With ever growing Security breaches, cybersecurity is a top priority for these organizations to protect data from various online attacks or illegal access. As news of data breaches, ransomware, and hackers become the norm, constant technological evolution indicates a corresponding shift in cybersecurity patterns to combat these attacks. In addition, the increasing transition from remote to hybrid work environments has made firms susceptible to ransomware. Skilled engineers and security architects are constantly complying a to meet the projection of the future cybersecurity threat landscape and challenges. Experts believe that data leaks will be one of the major problems to cybersecurity in the future.
Let us examine the top ten cybersecurity threats that organizations will continue to face in the near future.
1) Ransomware Attacks:
Ransomware is a kind of malware that can encrypt files after it gains access to a company's network. Once inside, these files and the systems that rely on that information become ineffective / inaccessible. Enterprises must have a defined vulnerability program to mitigate and identify these threats with efficiency and promptness.
2) Automotive Hacking:
Today's vehicles are equipped with automated software that provides drivers with seamless connectivity for cruise control, engine timing, door lock, airbags, and advanced driver support systems. These automobiles connect via Bluetooth and WiFi, which exposes them to a number of vulnerabilities and hacker threats. The usage of microphones for eavesdropping or gaining control of the car is projected to increase as the number of automated vehicles increases. Autonomous or self-driving vehicles employ an even more complicated process that mandates stringent cybersecurity precautions.
3) Artificial Intelligence Based Tools and Attacks
With the introduction of AI across all market areas, this technology combined with machine learning has brought about significant improvements in cybersecurity. In the development of automated security systems, natural language processing, facial detection, and autonomous threat detection, AI has become indispensable. However, it is also used to construct intelligent malware and attacks that circumvent the most recent data security standards. AI-enabled threat detection systems can forecast new attacks and immediately alert administrators of any data breach.
4) Threats From Social Engineering
Sometimes, these business hacks, leaks, and breaches are not caused by experienced hackers employing advanced technical techniques, but rather they are the consequence of straightforward social engineering risks. Social engineering allow criminals to access to sensitive information by exploiting the trust of users, who may or may not be aware of impending security threats. These dangers utilize human psychology to attain nefarious ends that are prevalent in modern society.
5) Deep Fake Technology
There are numerous sophisticated technologies for creating convincingly fake films and audios. Cybercriminals employ this method to steal money, manipulate stock prices, and influence public opinion through social media.
6) Social Media Privacy Violations
Social media privacy breaches are among the most prevalent forms of cybercrime. People have begun to focus more on how social media businesses collect and utilize data in light of increased concerns about privacy breaches. Therefore, it appears practically likely that huge corporations would modify their online privacy policies to better protect consumer information.
7) Internet of Things and 5G Network: A New Era of Technology and Threats
With the introduction and expansion of 5G networks, the Internet of Things will enter a new era of interconnectivity. This connectivity between numerous devices offered by IoT exposes them to external influence, assaults, and unknown software bugs.
Comparatively new to the industry, 5G architecture needs an extensive investigation into security flaws to prevent an external attack. Each step of the 5G network may introduce a variety of network assaults that we are unaware of. To prevent data breaches, manufacturers must construct 5G hardware and software with extreme precision.
8) Cyberwarfare Sponsored by the State
Even though the number of detected state-sponsored attacks is small (if compared with cyber-attacks initiated by personnel), the cyber conflicts between the countries such as the United States, Iran, China and Russia have a huge impact on events such as elections, nuclear programs and economies. These activities also target power stations and other key infrastructure establishments of targeted countries.
9) DDoS (Distributed Denial of Service) Assaults
In recent years, DDoS attacks have damaged several prominent entities.. The volume and scope of such breaches would test the defenses of organizations of any size.
10) Hacktivism and Drone Jacking
Not all cybercriminals are motivated by profit and the emergence of hacktivism indicates that an increasing number of individuals are breaking into computer systems for politically or socially motivated causes. These attacks can be much more severe than traditional threats since hacktivists are sometimes attempting to make a political statement; as a result, their actions are extremely damaging to an organization's public image. If hacktivists can circumvent safety safeguards or disseminate materials that represent national security hazards, there are also substantial safety problems. Coming to Drone jacking, organizations and consumers are utilizing drones in novel and interesting ways, and cybercriminals are likely to exploit this rising popularity by hacking into the technology. Experts have already demonstrated how simple it is to take control of a toy drone, park it on the roof of a home or company and hack into local Wi-Fi networks.
Cybersecurity is becoming an increasingly crucial concern for organizations throughout the world, with the financial and reputational costs of data breaches causing major issues. Despite the fact that technology is assisting businesses in optimizing their operations through a variety of inventive techniques, the number of cybersecurity threats that businesses must combat have increased multifold.
But what future threats might cybersecurity professionals face? To understand and overcome these challenges, you need a strong cybersecurity partner that not only resolves such problems but also prevents them from occurring in the first place. ISSQUARED's cybersecurity offerings are powerful, customizable, intuitive, and most importantly effective. Explore our key cybersecurity offerings here and always stay one step ahead of hackers.
Surya Jatavallabhula is a Cyber Security and Risk professional with an extensive history in Banking, Biotech, Medical,
and Education sectors. Surya has played various roles under security domains including CISO, Security Partner/SME for
Information and Cyber Security, DevSecOps, Risk Management, Data privacy, Enterprise Security Architecture,
Data Architecture, Technology Risk, and Portfolio Management after graduating in MS Risk Management from Stern School
of Business, New York University, U.S and M.B.A from Leeds University Business School, U.K.