Cybersecurity was front and center in 2017 with cyber attacks, phishing schemes, ransomware attacks and data breaches. What will the new year bring? With the growth of newer technologies like blockchain technology, internet of things and biometric security, the threats of cyber attacks will be higher than ever. Cybersecurity will continue to be top priorities for businesses and organizations and they will increase budgets, hire more staff and work to protect their systems and applications. However, cybercriminals and hackers will become more sophisticated and look for new and destructive ways to hack into systems. Companies will try to stay one step ahead of the criminals and race to protect their technology and mitigate risks of cyberattacks by implementing security guidelines and strategies to mitigate risks of cyber attacks. Here are 9 predictions in cybersecurity for 2018.
Cryptocurrencies and Blockchain Technology
As the virtual currency rises in value and blockchain technology use grows, hackers will set their sights on cryptocurrency.
Artificial Intelligence and Machine Learning
Malware threats will grow more serious as Artificial intelligence (AI) and machine learning (ML) are used to conduct cyberattacks.
In 2017, Russian and North Korean hackers broke into systems. Russia was found to have hacker impacted the 2016 Presidential election by manipulating social media. International state-sponsored attacks will continue and concerns will focus on attempts to hack into the 2018 midterm election results.
Mobile systems will be targeted for attack with the main threats coming from Financial Trojans and mobile ransomware.
Companies in the U.S. and around the world will rush to implement the European Union’s General Data Protection Regulation, which implements strict rules on protection of customer data.
Password-only authentication will no longer be the standard as organizations realize it is not enough to stop attacks. Alternatives like multi-factor authentication (MFA), biometrics security or risk-based authentication will be implemented instead.
As facial recognition and fingerprint authentication grow in use, cybercriminals will set their sites on attacking biometric security.
Internet of Things
The attacks on internet of things (IoT) devices will get worse as the inputs of the connected devices are hijacked virtually.
Ransomware will be the most dangerous threat to businesses and organizations worldwide as hackers implement evasion techniques.
As more companies rely on cloud technology, the threat of attacks and security breaches will grow.