Top 6 Cyber Security Threats to Look Out for In 2020
Without a doubt, technology has changed every aspect and every way of our life. But as technology continues to grow and develop, cybercriminals also find ways to take advantage of its vulnerability.
Every day brings a host of new & evolved cybersecurity threats thus keeping the information security industry on high alert. With each passing day more and more sophisticated cyber attacks involving malware, phishing, machine learning and artificial intelligence, cryptocurrency & more have placed data and assets of corporations, governments and individuals at constant risk.
Cybersecurity Threat No. 1: Advanced Phishing
This is not just the usual phishing that most of us are accustomed to. Now that organizations have been equipped with precautionary measures about this specific threat, cybercriminals quickly responded with a more sophisticated type of phishing.
Hackers are now utilizing the capabilities of machine learning to create and distribute real-looking messages to fool unsuspecting employees and individuals. As these fake messages become more convincing, the threat of compromising an organization’s network and system have increased.
This more sophisticated attack enables cybercriminals to swiftly steal credit card credentials, user logins, and other personal financial information. Using the best security software can keep out cybercriminals intending to steal your sensitive data.
Cybersecurity Threat No. 2: Cryptojacking
Cryptojacking is the process of hijacking third-party home or work computers to “mine” for cryptocurrency. Since a high amount of computing power is needed to mine for cryptocurrency, cybercriminals need to piggyback on someone else’s system. For businesses, Cryptojacking can severely wound them through costly downtime and performance issues as hackers are sipping much of their system’s computing power.
Cybersecurity Threat No. 3: State-Sponsored Attacks
The capabilities of cyber-attacks have become so advanced that it can pose a real threat, not just on businesses and organizations, but on the whole nation as well. With the sophisticated technologies that hackers are now holding, they can now attack critical government-owned infrastructures. The effects of these large-scale cyber threats are truly unimaginable so it’s only necessary that they install the best security software.
Cybersecurity Threat No. 4: IoT Attacks
The Internet of Things is a revolutionary networking technology that has the capability to connect household appliances, vehicles, medical devices, electric meters and controls, street lights, traffic controls, smart TVs and other various things to a network.
These highly connected devices today have proven their worth, and we’ve already seen the threats that can arise from its convenience. As IoT becomes more and more widely accepted, it also makes us prone to greater risks. The connections that IoT allows will make way for more severe cyber invasions and infections.
Cybersecurity Threat No. 5: Rogue security software
Cybercriminals have found a new way to infect your computer with viruses. Rogue security software tries to convince users that there is a computer virus installed on their computer or that their security measures are not updated. Once they get your attention, they will offer to install or update users’ security settings. They will recommend you to download their program to remove the alleged viruses, or to pay for an antivirus tool. This will allow them to put actual malware on your computer.
Cybersecurity Threat No. 6: Rootkit
Rootkit is a program or a collection of software tools that allows a threat actor to remotely access a computer system. The rootkit can perform various malicious actions which include stealing your passwords and disabling your antivirus.
Rootkits are hard to detect as they hide in legitimate software. So if you grant access to that software to make changes to your OS, the rootkit installs itself in your computer. Rootkits can also be found in phishing emails, malicious links, files, and downloading software from suspicious websites.
Without proactive solutions that can prevent and mitigate the impacts of the threats mentioned above, these cyberattacks would undoubtedly succeed. To be able to catch up with these attacks’ ever-increasing capabilities, we should utilize the best security software with advanced, powerful, and up-to-date features.