As cyber technology advances day by day, hackers and cybercriminals are becoming increasingly sophisticated. New technologies mean new ways for hackers to infiltrate into the digital information network of an organization. This means that cybercriminals are always coming up with new attacks and new ways to breach security systems. On the other hand, experts have been developing new solutions to combat cybercrime.
Let’s take a look at the top 7 emerging cybersecurity trends of 2021.
Cyberattacks on Cloud Services
Recent times have seen an increase in attacks on cloud resources. As cloud technology offers many advantages, more and more companies are having their work integrated with the cloud. And as more and more profitable brands move to the cloud, it becomes a lucrative target for hackers. Cloud technology helps replace physical infrastructure with remote computer storage and applications that you can access via the internet.
However, in contrast to in-house computing resources, users cannot directly control cloud resources. Cloud service providers are therefore solely responsible for maintaining their cybersecurity. Any flaw in their handling of the system can make it highly vulnerable to hackers who may break in and access critical digital resources.
AI for Preventing Fraud
Banking and Finance are some of the sectors that leverage advanced technologies for cybersecurity. This is not surprising given that it is a sector where money itself is the product. Losses can run into the millions in no time. From the Chip & PIN technology used in card payment machines to Blockchain, the industry makes use of all sorts of advanced cybersecurity technologies.
One of the biggest cybersecurity trends in 2021 is the use of AI (Artificial Intelligence) to detect fraud. The AI system detects anomalies in order to detect fraud in every aspect of banking, including payments, loans, and customer onboarding. The detection is in real-time, and also helps build customer behavior profiles to avoid risk.
Skyrocketing Ransomware Attacks
The number of ransomware attacks in 2021 is higher than ever. One reason for this is that many agencies today provide RaaS (Ransomware as a Service) packages to hackers for a fee. Hackers can use these programs to access information network resources and take data hostage to demand a ransom from the victim companies.
Another aspect of this type of attack is that the hackers can receive the ransom in cryptocurrency, leaving no trace of the activity for anyone to detect. Additionally, they can collect the money at the point of attack, unlike other attacks wherein data must be stolen and then resold to get the money, which is all riskier as well as time-consuming.
Remote Work Vulnerabilities
The COVID-19 pandemic has meant that people now work remotely instead of from offices. It has led to a number of cyberattacks on systems used for remote work. In the WFH (Work from Home) model, professionals have to use their personal computers to complete their tasks. Most of these devices may be insecure and not up to date as far as cybersecurity is concerned. This opens up a range of vulnerabilities for hackers, who can access these devices and communication channels to infiltrate company resources.
COVID-19 Cyber Scams
Since the onset of the pandemic, hackers have also become busier, finding new methods and channels to perpetrate their malicious activities such as phishing and social engineering attacks. One of the most prevalent COVID-19 cybersecurity scams is phishing emails related to the vaccine.
There are also many fake websites imitating national and international healthcare institutions and pharmaceutical companies. Many people who are on the lookout for an appointment for a vaccination fall prey to such phishing emails and websites.
Increased Emphasis on Data Privacy
At the moment, many organizations are seriously thinking about data privacy to avoid the huge costs associated with cyber breaches. Increasingly stringent regulations like GDPR can land businesses with huge penalties if malicious intruders hack customer data stored in a company’s systems.
Additionally, individuals are also becoming more and more aware of cybersecurity, which again puts more pressure on companies to give serious thought to data privacy. Data privacy has become a separate discipline in itself today, with many courses available that exclusively teach data privacy.
Finally, hacking of cars and other vehicles is on the rise in 2021. Today’s advanced vehicles are intensely computerized, with each aspect linked to many computer programs and online networks. Wi-Fi, Bluetooth, and other communication methods are used by today’s vehicles, making them vulnerable. IoT-linked and driverless cars are even more complex and have many loopholes that hackers can exploit.
Cybersecurity is a vast sphere of activity buzzing with fresh developments all the time. In previous years, experts have developed solutions to curb cyber threats. However, over the years, experts have learned through experience that vulnerabilities and cyberthreats will always remain, growing and evolving into new forms all the time. Therefore, developing solutions against them will also be an ongoing process.
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