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CyberSecurity Threats You Should be Aware of in 2019

The number of cybersecurity threats is increasing with every passing year, so it is imperative that businesses and individuals alike take the necessary steps to protect themselves. Cyber attacks that involve machine learning, artificial intelligence, malware and phishing are more sophisticated than ever before, even being a threat to governments.

There is a shortage of cybersecurity professionals; experts claim that things will only get worse. In fact the number of unfilled positions globally will rise to 3.5 million by 2021.

Cybercrime is here to stay and seeing how the world is dependent on technology and the IoT, cybercrime epidemic could shake public faith in ideals like personal privacy, capitalism and democracy.

According to CyberSecurity Ventures, cybercrime will increase to $6 trillion per annum by 2021, making it clear that both individuals and organizations need to up their cybersecurity game to avoid getting into a fix. There is no better way to avoid being victims to cybercrimes than by keeping tabs of the threats. Here are some cybersecurity threats you need to be wary of in 2019.

1. Cryptojacking

The cryptocurrency movement directly affects cybersecurity in more ways than you can possibly imagine. For instance, crypto jacking involves hijacking third-party work or home computers in order to mine cryptocurrency.

Mining popular cryptocurrencies like Bitcoin require massive amounts of processing power, which is why hackers hijack someone else’s system to get all the processing power they need to make as much money as possible.

When the same hackers cryptojack systems belonging to businesses, they cause performance issues which need to be tracked down by IT and then resolved accordingly, causing downtimes in the process.

2. State-Sponsored Attacks

Hackers often look for ways to make money online by stealing corporate and individual data. Today, nation states are also involved in carrying out cyberattacks to infiltrate governments and compromise their critical infrastructure.

Cybercrime is no longer a problem limited to individuals and the private sector, but also nation as a whole. McAfee predicted that cyberwarfare at state level will be the new equalizer similar to how nuclear weapons were during the 1950s.

Smaller countries will build or buy off teams of cybersecurity professionals to take on larger countries.

3. Cyber-Physical Attacks

Even though technology has made it easy to computerize and modernize critical infrastructure, it come with its own risks. Water treatment facilities, transportation systems and electrical grids etc. will become targets for hackers.

To put things into perspective, The New York Times reported that even the multibillion-dollar military systems in the U.S are not safe from hackers.

4. Semi-Autonomous Vehicles and Connected Cars

Automated cars may be just around the corner, but connected cars are quite common. Connected cars utilize onboard sensors to optimize the comfort of passengers and its own operation. This is made possible by smartphone, tethered or embedded integration.

As technology evolves rapidly, connected cars are becoming more prevalent. A report estimated that by 2020, 90% of all new cars will be connected to the Internet.

This evolution in the automobile industry will give hackers yet another opportunity to exploit insecure systems to harm drivers and/or steal sensitive information. Apart from safety concerns, connected cars will have privacy concerns of their own.

1. IoT Attacks

By 2020, the number of IoT (Internet of Things) devices will reach a staggering 31 billion, says Statista.com. IoT is becoming ever-present by the day, including devices like tablets, laptops, household devices, routers, medical devices, home security systems, webcams and more.

Agreed, connected devices makes it easier for consumers and businesses to save time and money by gathering useful data to streamlines processes. But, with more connected devices comes greater risk.

IoT networks are not entirely secure, making them vulnerable to infections and invasions. Once hijacked by hackers, IoT devices can be exploited to crash networks and lock out essential equipment for their own gain.

1. Sophisticated Phishing Attacks

Phishing attacks are skillfully crafted digital messages sent to people in order to fool them into clicking malicious links. When clicked, these links either expose sensitive data or install malware. It is worth noting though phishing attacks are becoming more sophisticated.

Said hackers use machine learning to quickly craft and transmit convincingly fake digital messages to trick recipients into compromising their own or their organization’s networks.

With such attacks, hackers are able to steal credit card details, user logins and other types of financial information, and even again access to hidden databases.

The Bottom Line

With the rise in cybersecurity concerns, individuals and companies will need to place greater emphasis on staying up-to-date with the latest happenings online to stay clear of new cyber threats popping up every day. Knowledge is power, so as long as people take the initiative, they will be able to combat the cybercrime epidemic to some extent, if not entirely.

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