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Since the year 2018, mankind has witnessed the most horrific cases of cybercrimes related to massive data breaches, flaws in microchips, cryptojacking, and many others. It goes without saying that the advancement of technology and the wide use of digital media is making attackers smarter by the day and cyber-attacks have clearly grown. In the coming years, we will face cyber threats under the 3 D’s-

  • Disruption: Over-dependence on connectivity will increase the risk of intended internet outages that compromise business operations.
  • Distortion: Misleading information will spread faster by automated sources which will cause compromise of trust in the integrity of information.
  • Deterioration: Rapid advances in smart technologies will have a negative impact on an enterprise’s ability to control information.

Here’s a short glossary of terms and trends that could pose cybersecurity threats, and how they might impact businesses, governments, and individuals in the coming year and beyond.

Cloud Vulnerability

According to recent reports cloud vulnerability continues to be one of the biggest cybersecurity challenges. This is because enterprises are leveraging cloud applications and storing sensitive data related to their employees and business operations on the cloud. Forbes predicts that 83 percent of enterprise workload will be on the cloud by 2020. Data breach, misconfiguration, insecure interfaces, account hijacking, malicious insider threats, will continue to haunt firms failing to invest in a robust cloud security strategy.

AI-Enhanced Cyberthreats

While AI foresights some major revolutionary changes in the world of technology, it also has some cons at the risk of cyber security and has the ability to disrupt every industry. Owing to its ability to create a significant impact, AI is proving to be a boon for cybercriminals too. Think about it – the AI capabilities used to identify and stop cyberattacks can also be used by hackers to launch sophisticated cyberattacks in the form of complex and adaptive malicious software.

Machine Learning Poisoning

If a hacker targets a machine learning model and injects instructions into it, the system becomes vulnerable to attacks. Machine learning models typically use data that is crowd-sourced or taken from social media. Cybercriminals engaging in MI poisoning could potentially use malicious samples or introduce backdoors to poison and compromise the system.

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In this age of digital transformation, cybercriminals are constantly looking for fresh exploits and coming up with advanced strategies to damage organizations. In light of this fact,this post will enlighten you of the upcoming threats and how one should be mindful of the cybersecurity threats that are in store.

Cybersecurity Budgets Will Increase Drastically

Organizations will significantly increase spending on information technology services in India. The big challenge is ensuring that the spending focuses on the right areas. Part of the problem will be an inability of many organizations to keep up with basic cybersecurity hygiene tactics such as patching, frequently changing privileged credentials and utilizing multi factor authentication. Expect the bad guys to continue penetrating environments due to these basic oversights. Another part of the problem is that many organizations continue to use yesterday’s security technology to fight tomorrow’s security battles. Rules based security solutions in India are like SIEMs are great for detecting known vulnerabilities. But they are ineffective against new, unknown threats. So even as companies continue to invest ever larger sums of money in such products, we can expect data breaches to keep occurring on a regular basis.

AI-based Cyber Attacks will increase

2020 will see an increase in cyberattacks that use Artificial Intelligence (AI) / Machine Learning. As machine learning development tools become simpler to use, criminals will be able to more easily leverage them in new attacks. While some AI attacks will grow more sophisticated with malware capable of adapting to obstacles. Attackers are already leveraging AI to evade detection and build more effective attacks. But 2020 will see the most AI-backed cyberattacks to date. Given the immense volume of data available online, criminals will AI to build even more targeted attacks. In the meantime, stay secure in the new year. We encourage you to be aware of all the threats and follow us to know more.