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5 Cyber Security Threats To Watch Out For In 2019

Any successful company knows that the key to success is to be ahead of cybersecurity. As you may already know, because technology is ever-changing, cyber security threats are becoming more clever. It is important for companies to stay on top potential intruders. At GLAC Consulting we are experts in risk management analysis. We are the best company near Miami.

 

We Know All The Threats

We are experts with risk management analysis. By combining our team’s web application testing and computer forensics experience with research into the changing face of attacks over the past 12 months, five cybersecurity and cybercrime threats can be highlighted. As cybersecurity threats are rapidly evolving to stay ahead of defensive application security measures, it is difficult to make infosecurity predictions that are guaranteed to stand up when we review them in January 2020.

 

Be Aware of These Cyber Security Threats

Here are the top five cybersecurity and cybercrime threats to be aware of:

  • Continuing lack of visibility across corporate IT assets intensifying data breaches
    • Thanks to advances in technology, many businesses have implemented digital transformation into their business strategy, which includes moving company assets and operations to the cloud or leveraging hybrid cloud infrastructure for flexibility. There is a risk involved in cloud computing of organizations losing visibility and control over their assets and operations after the move. The vast majority of the worst data breaches that we saw in 2018 all have the very same single cause and origin – a lack of visibility across corporate IT assets.
    • Today’s businesses have complex IT infrastructure that is composed of unconnectable pieces located across different places globally. Many companies and organizations are not even aware of all of their external applications and unprotected cloud storage, let alone internal systems. Thus, for them, it is impossible to mitigate any vulnerabilities or misconfigurations, including critical ones.
    • The very first step to mitigating any potential vulnerabilities caused by a lack of visibility is to build a comprehensive and up2date inventory of your digital assets: hardware, software, clouds, data, and users. It may be challenging in the epoch of hybrid clouds and Bring-Your-Own-Access (BYOA), however, it remains crucial for a sustainable cybersecurity strategy. Once you have visibility of your assets, you will be able to assess the risks properly, assign priorities and allocate resources to maintain them up2date, secured and monitored.
    • Attackers often don’t even need any expensive days as some machines and applications can easily be breached via public exploit in a matter of minutes. Improper internal access control often enables attackers, who control one machine, to spread their presence on all other hosts in the local network. All this makes the perfect environment to harvest new data breaches and security incidents, and with the complexity of corporate networks only going to continue growing, the problem of visibility is one that will definitely remain this year.

 

  • Easy pickings in the cryptocurrency sector
    • Cybercriminals follow easy money, and many cryptocurrency owners are the perfect victims. They are virtually unable to protect either themselves or their digital assets, being susceptible even to relatively simple phishing attacks.
    • Law enforcement is frequently uninterested in investigating and prosecuting petty offenses with digital coins theft, as they are already underwater with highly-sophisticated nationwide hacks. While crypto start-ups are virtually ignorant even to the fundamentals of cybersecurity, spending all their effort and resources on surviving within an extraordinarily volatile and highly-competitive market.
    • Attackers have now established impressive infrastructure purposely tailored for large-scale theft and scams with digital coins, so we can almost certainly expect a further proliferation of security incidents related to cryptocurrencies. Although people had believed in the inherent immunity, resistance, and security of cryptocurrency as a financial asset, their illusions have been vaporized over the past 12 months, as millions lost their money in cryptocurrencies during 2018.
    • The problem for 2019 is that many victims irrecoverably lost their confidence in blockchain technology in general. It will be time-consuming to restore their trust and convince them to leverage blockchain in other areas of practical applicability. On the other side, it’s not too bad, as potential future-victims are now paranoid and won’t be a low-hanging fruit for fraudsters.
    • Owners of crypto assets should remain extremely vigilant, maintain all their devices and installed software up2date, install at least a free antivirus from a reputable vendor, use two-factor authentication and unique passwords, and never entrust their wallets to any third parties unless they have a very good reason to trust them utterly.

 

  • Cybercriminals using Artificial Intelligence (AI) and Machine Learning (ML) to accelerate intrusions
    • These technologies are mainly used for intelligent automation and acceleration of various complicated tasks and processes but are not a panacea and if desultory applied are essentially worth virtually nothing. Cybercriminals have attained a decent level of proficiency in practical AI/ML usage though and, most of the time, they use the emerging technology to better profile their future victims and to accelerate the time and thus effectiveness and profitability of intrusions.
    • As opposed to many cybersecurity start-ups who often use AI/ML hype mostly for marketing and investor-relationship purposes, the bad guys are focused on its practical and pragmatic use to cut costs and boost income. The use of AI/ML will continue to expand as cybercriminals harness the technologies to increase the efficiency of their attacks. However, modern cyber attacks are so tremendously successful mainly because of fundamental cybersecurity problems and omissions in organizations that ML is just an accelerator.

 

  • Crowd security testing morphing into pen-testing
    • Crowd security testing and bug bounties can bring a lot of exciting opportunities both to the researchers and companies, but one should keep in mind that any crowd security testing can never substitute a mature application security program.
    • Although most crowd security testing companies now offer highly-restricted bug bounties, available only to a small circle of pre-screened testers, or process-based fees instead of usual result-oriented approach, they will never substitute a mature application security program, with systems development life cycle (SDLC), DevSecOps and continuous security monitoring.
    • Bug bounties are trying to reinvent themselves now in light of emerging start-ups within the field and not-for-profit initiatives such as the Open Bug Bounty project, so we’ll likely see crowd security testing converting into another form of classic penetration testing before long.

 

  • GDPR impacting on the cyber resilience of the global business
    • During 2018, companies were over-concerned with compliance on paper, ignoring practical security requirements due to limited budget and resources. Many organizations are now frustrated with severe GDPR sanctions and spend virtually all of their time and resources on attaining formal compliance, which means that they are often focused more on a formalistic approach that omits any critical aspects of practical cybersecurity and privacy.
    • In some companies, the burden of GDPR was not even alleviated by a proportional cybersecurity budget increase, so security professionals were forced to juggle with scant resources and understaffed teams. This means we are likely to see more data breaches as having cybersecurity resources that widely remain the same nowadays as they were prior to GDPR implementation won’t effectively cover both practical security and compliance requirements. Even if compliance and security are tangential, contiguous and even highly intertwined areas, they are still substantially different and cannot replace each other.

 

Call Us Today

Stay on top of cybersecurity awareness and cyber security 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 a risk management analysis, too. Contact us or visit our office near Miami to get all the advice you need to protect you against the next data breach.