Top 4 Cyberattack Trends

By CIOReview | Thursday, February 27, 2020

Cyber warfare grows more complex as hackers leverage modern technologies to launch their attacks.

FREMONT, CA: The development of robust security technologies has spurred cyberattackers to up their game, going as far as to adopt artificial intelligence (AI) and machine learning (ML) to break through the latest cybersecurity measures. Hence, it has become imperative to keep updating the cyber defense technologies to maintain an edge in this era of cyber warfare. Of all the cyber threats, there are a few that stand above the others in terms of damage and vulnerability.

Dwindling Visibility in Corporate IT

The digital transformation across the industrial sector has urged organizations into adopting hybrid cloud infrastructures to drive flexibility as well as ease of access. However, migrating assets and operations into the cloud can result in organizations losing control and visibility over their processes as the vendors manage the cloud platform. Enterprises often struggle to secure their applications and eliminate vulnerabilities over the cloud. It is essential for organizations to create comprehensive, up to date inventory of assets, including hardware, software, and user data.

Vulnerability in the Cryptocurrency Sector

The lack of investment by law enforcement agencies in the cryptocurrency sector is attracting cybercriminals from all over the world. The cryptocurrency organizations are focused on staying afloat in the volatile landscape, paying little attention toward cybersecurity. It has incentivized attackers to develop sophisticated systems designed to conduct large-scale theft and digital coin scams. Hence, it is necessary for crypto asset owners to remain vigilant and secure their devices with up to date security solutions from reputed vendors.

Cybercriminals Leveraging AI and ML

Cybercriminals today are flexible enough to keep up with the innovations in technology, leveraging AI and ML for automating sophisticated attacks. Unlike many cybersecurity organizations who employ modern techniques for the sake of marketing, cybercriminals utilize AI and ML to augment their cyberattacks. Hence, organizations need to incorporate AI and ML in their cyber defense strategies to counter advanced threats.

Impact of GDPR

In the wake of compliance requirements, organizations are ignoring the functional security requirements of their infrastructure. Most organizations focus most of their resources in avoiding GDPR sanctions by employing formalistic strategies rather than implementing practical approaches to deal with cybersecurity and privacy. Compliance is necessary, but so is the incorporation of robust security strategies.