- One in every 5 people has experienced a ransomware attack on their personal and/or work device.
- Once you’ve landed on some malware content, it’s only a matter of time till you reap the consequences.
- Forbes claims that 83% of organizational workload will shift to the cloud by 2020.
2019 was a year of major technical advancements but it also led some of the most significant cyber-attacks from the likes of China, Russia, and Iran causing organizations to lose valuable data and suffer tremendous financial losses. These dark times have led cybersecurity experts and engineers to sharpen their skills and start developing innovative solutions to ward off their systems from potential cyber threats. While it’s next to impossible to predict when the next cyber-attack could take place – with breaches getting bigger, hackers get smarter, and security teams getting smaller – if organizations can take the prescribed security measures to defend themselves against attackers.
As the year comes to a close, we’ve distilled various reports regarding cybersecurity predictions for 2020 and compiled the five most interesting forecasts in this post.
1. Ransomware is set to cause even more sleepless nights
As time has passed, ransomware attacks against business corporations have become increasingly common and continue to follow us into 2020. They’re able to break through even the most complex and sophisticated email security protocols and such threats take hours to detect.
The Harris Poll conducted a survey on how governments and businesses must respond to ransomware attacks that received responses from over two thousand American adults. The results declared that people believe government and organizations should all enhance their defense protocols against cyber-attacks and ransomware and that they’re ready to contribute more to the cause. It also states that 1 in every 5 people has experienced a ransomware attack on their personal and/or work device.
This indicates how common such threats have become and attackers show no sign of slowing down. Cybercrime experts have started calculating and planning their every move, which has effectively helped them in covering their tracks. They’re sure to do their homework before targeting their victims and this empowers them to attack at the right moment and inflict maximum damage, hence raising their ransom demands accordingly. In order to gain protection against these dangers, security vendors must burn the midnight oil to develop strong security solutions and boost their malware detection software.
2. Phishing attacks to become a top concern for security experts
Emailing is one of the oldest and most common forms of communication that exists today. People use it in both their personal and professional lives. However, they’re also one of the most frequent vessels for phishing attacks, thereby intensifying the need for email security across all platforms.
2020 is on the horizon and with it comes the risk of increased phishing attacks which has left business officials exasperated. Initially, phishing attacks were something that could be put on the back burner, but with phishing kits now readily available on the dark web; cybercriminals will leverage it to cause major loss to organizations and their clientele. This impending concern has led to a desperate need for technologies that can monitor digital assets and prevent such attacks, particularly when sent through email messages.
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3. Urgency to detect threats instantly will intensify
Once you’ve landed on some malware content, it’s only a matter of time till you reap the consequences. The most draining and time-consuming stage of cyber-attacks is detection. It can take up limitless hours just to detect a newfound threat and planning a damage-control strategy and there’s no going back from the damage that occurs within that timeframe. Organizations will continue to invest time and money on IT teams so they have the resources to build top-tier solutions that immediately trace threats and potential malware. Along with this, security professionals will begin to experience a substantial burden on them in 2020 to fasten their defense mechanisms.
4. Collaboration tools will become hot targets for cybercrime attacks
Forbes claims that 83% of organizational workload will shift to the cloud by 2020. However, such platforms are predicted to be heavily overrun by attackers and cyber-crime experts since they’re generally favored by the management. Collaboration tools are all the rage right now, which means every enterprise is now shifting to digital storage such as, OneDrive, Google Drive, etc. While it acts as an effective tool for corporations to collaborate with team members and discuss business objectives, it’s become a red zone for data leaks and hacks.
This is because of inadequate training of the IT workforce in charge of cloud infrastructure, which has led to countless security failures and exploitation of confidential information by attackers.
5. More devices, more problems
It is predicted that 2020 is set to launch the year of 5G, which is a new data network plan that promises internet speeds faster than ever before. But with great speeds comes ease of encountering online threats, viruses, and other malicious content that could lead to data theft and more. The application of this new network will result in a scaled up device connectivity limit thus ensuing an increased number of connected devices from car services, to eHealth apps and sensors.
Consequently, this leads to more fluidity in data distribution and collection of large volumes of information, which in turn, will amplify the likelihood of data theft. Further adding to the workload of cybersecurity firms, experts will now have to enhance their tools and systems to prepare for the plethora of potential risks that will arrive with the implementation.
Tough times are approaching, especially as we drive full-speed ahead into a more digitally-inclined world, there’s no possibility to know what lies ahead. Collaboration and productivity tools, as well as cloud storage, were created to offer a helping hand to organizations, but if personnel lack training on the operational mechanisms, even the smallest slip-up can cause years of damage no matter how sophisticated cat 6 connectors or cables get.
While there are products and systems that enable active protection against occurring threats; attackers are quickly catching up with our security techniques and discovering weak spots to crack through. Government and business corporations must understand that what worked in 2019 won’t necessarily keep establishments secure in 2020.
Cybersecurity professionals must prepare for the upcoming challenges and update their protocols to combat the complexity of online corruption.