5 Cybersecurity Threats To Take Seriously In 2019

Recorded cyberattacks have hit an all-time high, as the landscape evolves with new threats emerging continuously. The importance of tracking these developments and implementing robust cybersecurity solutions in the workplace is paramount.

Preparing to face these threats can effectively support business goals, but companies now need to bridge the gap between lack of understanding and how this relates to outcomes like reputation and customer satisfaction.

A healthy security posture means that you always need to be looking ahead and assessing how new techniques for cyberattacks are evolving. Here are 5 of the top known threats for the coming year.

Ransomware & Cryptojacking

Ransomware remains one of the top two threats and is a profitable malware, meaning it is likely to continue as a hacker’s top priority. It exploits basic vulnerabilities and is slowly expanding into the practice of cryptojacking or cryptomining. Hackers are now using ransomware used to encrypt data for a new venture and have developed the ability to ransom systems and resources to mine and steal digital currency from organizations across the world. These strains of malware are similar to NotPetya and Petya but run in the background silently mining for digital currency. It means that however small your business, computers, resources and apps are all at risk.

threats

Internet of Things (IoT) Threats

As the number of smart devices continues to rise, so does the threat from IoT attacks. This is an infrastructure which is difficult to police, allowing hackers to easily take control of items like cars, smartphones and smartwatches. In the same way, companies are adding a growing number of devices and solutions to their infrastructure. Security cameras and computers to smart container ships are all at risk and pose a significant cybersecurity threat. Hackers have much to gain from access to your network and anything connected is at risk. It is critical to be vigilant and install a security solution to defend both your devices and the network itself.

Supply Chain/Value Chain Attacks

Supply chain attacks are becoming increasingly prominent as many companies today use third-party outsourcing for activities and services. Hackers can use these outside providers to access both networks and company infrastructures, putting companies at risk on a global scale. Cybersecurity controls are essential to minimise this risk, but they will not completely eradicate them, making it a critical factor to select your partners with care.

5G Technology Advancements

5G is the newest advancing technology and is a fifth-generation mobile data transmission, allowing connected gadgets to operate and transfer data at breathtaking speeds. While it brings benefits like improved efficiency and reduced latency, it carries a high risk as it relies heavily on cloud technology and virtualisation. As large numbers of businesses are now employing remote working practices, hackers have a virtually unprotected gateway to a company’s complete infrastructure.

The Familiar Trojan Horse

With ransomware attacks becoming more complex, hackers are also continuing to invest in techniques employing Trojans. Using vulnerabilities in Server Message Block (SMB) Protocol, they continue to spread highly sophisticated and dangerous Trojans like TrickBot and Emotet.

There is no restriction to Trojans, which can disguise themselves as legitimate software or programs, using this to access computers and devices. Fake websites, apps and programs can even be found on official outlets such as the Apple Store. They were a top 2018 business threat worldwide, particularly in Latin America, North America, Africa, Europe and the Middle East.