There’s never a dull moment in the world of cybercrime. Security breaches have risen by more than 67% over the past five years, and the trend shows no signs of slowing down. Across every industry, businesses of all sizes are prime targets of cybercriminals, state-sponsored attackers, ruthless competitors, and malicious insiders. The risks are real but a little awareness of most recent cybersecurity threats can go a long way.
#1. A new decade in cyberwarfare
Far from belonging to the realms of dystopian science fiction, cyberwarfare is now a very real threat. The digital space is an increasingly popular theater, fueled by trade wars and deepening political divides between east and west. It’s easy to think that these state-sponsored attacks target only government and critical infrastructures, but that’s not necessarily the case. In fact, the global WannaCry attack, which North Korea was allegedly behind, affected many small businesses, too. State-sponsored attackers often target smaller organizations, intending to cause more widespread disruption along increasingly complex supply chains.
#2. Advanced supply chain attacks
Supply chains are becoming too large to be governed, even for smaller businesses. The connected global environment makes it easier than ever to do business with partners all over the world, but it also risks losing visibility over your data infrastructure and increasing the likelihood of security breaches.
Due to this, supply chain attacks, including those perpetrated by state-sponsored operatives, are becoming more widespread and more sophisticated. The proliferation of internet-connected technologies is also driving some worrisome trends. One of the biggest data breaches of all time, which befell US retail giant Target, happened because criminals exploited the weakness of one of Target’s HVAC suppliers.
#3. The two faces of artificial intelligence
Artificial intelligence is the driving force behind an increasingly data-driven economy. But while it offers unprecedented opportunities to help businesses improve efficiency with automated workflows, including cybersecurity operations, it’s also fueling a new global arms race.
Cybercriminals are already using AI to gain insights into target victims and automate attacks en masse. An even more disturbing trend is the rise of deepfake algorithms, which scammers can potentially use for impersonating people in voice and video calls, rather than relying on email and instant messaging.
#4. Connected vehicles under attack
Self-driving cars may be hogging the headlines of late, but they still have a long way to go from being commercially viable. A more immediate threat is this: almost every modern vehicle is a moving treasure trove of digital information. Connected technologies are now mainstream in many vehicles and, just like any internet-connected system, they’re all potential targets for attackers. Hackers are increasingly turning their sights to connected vehicles to steal personal data, track vehicles, or even compromise safety systems via digital attacks.
#5. Increased focus on mobile devices and Internet of Things (IoT)
Many of the risks facing connected vehicles also apply to other connected systems. The growing number of internet-connected sensors in situations as diverse as industrial control systems, factory floors, and high-street retail venues continues to pose a security risk. Just a couple of years ago, attackers gained access to the high roller database of a Las Vegas casino by hacking into an internet-connected thermometer in a fish tank. But such events are no longer extraordinary. Mobile and IoT devices are now squarely in attackers’ lists of things to exploit. With more and more connected devices entering the market, the threats are only likely to grow.
Umbrella Managed Systems provides real-time protection and monitoring to resolve threats before they reach your network. We also provide cutting-edge security systems and comprehensive guidance so you can steer clear of the most advanced threats. Get in touch today to learn more.