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Cyber Security Threats & Trends To Watch For This Year

cybersecurity threats at Miami

Are you up to date on the latest cybersecurity threats and trends? Ever-more sophisticated cyber attacks involving malware, phishing, machine learning and artificial intelligence, cryptocurrency and more have placed the data and assets of corporations, governments, and individuals at constant risk. Luckily, the experts at GLAC Consulting are here to ensure you are protected by our cyber security company.

 

What Is The Difference Between Disruption and Distortion

The nonprofit Information Security Forum, which describes itself as warns in its annual study of the cybersecurity landscape of increased potential for:

  • Disruption — Over-reliance on fragile connectivity creates the potential for premeditated internet outages capable of bringing trade to its knees and heightened risk that ransomware will be used to hijack the Internet of Things.
  • Distortion — The intentional spread of misinformation, including by bots and automated sources, causes trust in the integrity of information to be compromised.

With damage related to cybercrime projected to hit $6 trillion annually by 2021 according to CyberSecurity Ventures, here is a closer look at the most significant cyber security threats for 2019.

 

What Are The Cybersecurity Threats for 2019

  • Phishing Gets More Sophisticated — Phishing attacks, in which carefully targeted digital messages are transmitted to fool people into clicking on a link that can then install malware or expose sensitive data, are becoming more sophisticated.
  • Ransomware Strategies Evolve — Ransomware attacks are believed to cost victims billions of dollars every year, as hackers deploy technologies that enable them to literally kidnap an individual or organization’s databases and hold all of the information for ransom. The rise of cryptocurrencies like Bitcoin is credited with helping to fuel ransomware attacks by allowing ransom demands to be paid anonymously.
  • Cryptojacking — The cryptocurrency movement also affects cyber security in other ways. For example, cryptojacking is a trend that involves cybercriminals hijacking third-party home or work computers to “mine” for cryptocurrency. Because mining for cryptocurrency requires immense amounts of computer processing power, hackers can make money by secretly piggybacking on someone else’s systems. For businesses, cryptojacked systems can cause serious performance issues and costly downtime as IT works to track down and resolve the issue.
  • Cyber-Physical Attacks — The same technology that has enabled us to modernize and computerize critical infrastructure also brings risk. The ongoing threat of hacks targeting electrical grids, transportation systems, water treatment facilities, etc., represent a major vulnerability going forward. According to a recent report in The New York Times, even America’s multibillion-dollar military systems are at risk of high-tech foul play.
  • State-Sponsored Attacks — Beyond hackers looking to make a profit through stealing individual and corporate data, entire nation states are now using their cyber skills to infiltrate other governments and perform attacks on critical infrastructure. Cyber crime today is a major threat not just for the private sector and for individuals but for the government and the nation as a whole. As we move into 2019, state-sponsored attacks are expected to increase, with attacks on the critical infrastructure of particular concern.
  • IoT Attacks — The Internet of Things is becoming more ubiquitous by the day. It includes laptops and tablets, of course, but also routers, webcams, household appliances, smart watches, medical devices, manufacturing equipment, automobiles and even home security systems.
  • Smart Medical Devices and Electronic Medical Records (EMRs) — The health care industry is still going through a significant evolution as most patient medical records have now moved online, and medical professionals realize the benefits of advancements in smart medical devices. However, as the health care industry adapts to the digital age, there are a number of concerns around privacy, safety, and cyber security threats.
  • Third Parties (Vendors, Contractors, Partners) — Third parties such as vendors and contractors pose a huge risk to corporations, the majority of which have no security system or dedicated team in place to manage these third-party employees.
  • Connected Cars and Semi-Autonomous Trucks – While the driverless car is close, but not yet here, the connected car is. A connected car utilizes onboard sensors to optimize its own operation and the comfort of passengers. This is typically done through embedded, tethered or smartphone integration.

 

Contact Our Cyber Security Company Today!

Stay on top of cybersecurity threats. Here at GLAC Consulting, you are our priority. Trust our risk analysis. Our mission is to Integrate knowledge, experience and cutting-edge technology to decision making that involves basic security, technology, and risk control solutions as well as enterprise risk management for the private sector and the public sector. Our vision is to contribute to the strategic decisions that transform the world of security, keeping our customers at the forefront of technology and project development. We value professional services with integrity. We offer cyber security services, too. Visit our office near Miami to get all the advice you need to protect you against the next data breach. Call our cyber security company today!