Have you heard that a cyber attack happens every minute? There is a good reason to be concerned for your business. Cybercriminals always look for ways to go around security measures. It is quite natural that cybercrimes are quite common these days, while cybercriminals are constantly progressing and becoming more inventive. They find new ways to abuse technology users by getting access to valuable data, passwords and networks. In this article we put together a list of cybersecurity trends to watch out for this year.
- Enhanced cybersecurity in the healthcare industry.
Three years ago there was a WannaCry incident, when this ransomware affected multiple healthcare facilities. It appears that the lesson was learnt as cybersecurity has increased in the healthcare industry. We still see several ransomware attacks in the sector across the globe, although government and medical facilities are investing more resources into cyberattacks prevention. Here are the reasons why we still witness cybercrimes in this field:
- Lack of awareness in cybersecurity
- Not sufficient measures in medical IoT devices
- Lack of means addressed to the risks that digitalization brings
What health sector stakeholders should pay attention to:
- Vulnerabilities in medical equipment
- Medical research costs money, therefore it is targeted by cybercriminals
- There are medical records that are worth more than credit card details
- Getting access to diagnostics can result in serious damage to patient’s health
- Cloud breaches.
Due to the Covid pandemic many resources are becoming cloud based. There are some drawbacks that will result in new challenges. It is most likely that there will be numerous data breaches as a result of poor security management of cloud systems.
- Financial cyber threats
Most cybercriminals are after money, therefore ecommerce stores, small banks, mobile banks are vulnerable. It is more probable that financial institutions will pay a ransom rather than lose valuable data. As cybercriminals become more creative they use ATM malware and digital fingerprints blackmarket. They steal credit card information and reuse it. Digital banking apps are becoming more widespread and they are not prone to breaches as they lack basic user protection such as two-factor authentication. Financial institutions should be ready to invest time and effort into fraud prevention tools before they launch a new technology or app.
- 5G internet
The new generation of internet and mobile communication service is tricky. There will be a substantial impact on telecommunications. It is as well a platform for technological advances in such areas as intelligent power grid, defense facilities, and smart cities. There is no doubt that 5G requires an advanced level of security.
You can be sure that hackers look for blind spots and vulnerabilities to obtain information. In addition, we will most likely witness a large number of DDoS attacks and face difficulties in protecting networks of connected devices. Maybe it is a good idea to implement zero-trust network models.
Security professionals, software developers and engineers strive to achieve more with less security. Integration and automation are essential in this case. Companies should implement security into processes like DevOps and ModelOps. It should assist in improving security and sustain quality of developments.
Statistics show that the volume of cyberattacks skyrocketed last year. It can be due to the increasing use of IoT devices, which will only grow with the 5G technology. We should expect more non-encrypted personal information, hardcoded passwords, and software updates from unchecked sources. Problems related to Wi-Fi security will also increase. All mentioned are existing cybersecurity threats related to IoT devices in public, work or home.
- Cyber insurance
Due to the growing risk of cyber attacks, it will become a norm for companies to purchase cyber insurance plans to avoid risks from cybercrimes. Several companies in the US have already purchased some sort of cyber risk insurance, and more businesses are supposed to follow the lead.
Everything mentioned above suggests that companies and organizations should be more cautious when it comes to cyber security. There is a necessity to remain on top of things with all existing and new technologies like the cloud, 5G, IoT, AI and 5G.