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What are the Top Cybersecurity Threats For the Near Future?
Social Engineering Attacks are how hackers and data thieves cleverly access your secure information through phishing, impersonating other companies and people, and other common tactics. It is estimated that phishing attacks cost U.S. businesses more than five million dollars each year.
Ransomware is a relatively simple form of malware that breaches defenses and locks down computer files using strong encryption. Global ransomware damage costs exceeded $5 billion in 2017, up from $325 million in 2015. Experts expect the number of cloud-based ransomware attacks to greatly increase in 2018.
IoT Attacks will continue to increase. While IoT devices have many uses and are designed to make life easier and simpler, they are vulnerable to bad actors as well. It is estimated there will be over 20 billion connected “things” by 2020, each representing a portal to the network which can be hacked or compromised.
Data Breaches are confirmed incidents in which sensitive, confidential or otherwise protected data has been accessed and/or disclosed in an unauthorized fashion. According to a recent study, 500 million records were exposed by data breaches in 2014. By July 2017 that number was closer to 6 billion records.