Cyber security threat world is continuously evolving and has been putting the information security industry on high-alert. As there is a large-scale expansion in machine learning and AI, cryptocurrency, malware, and phishing activity, the data and assets of the organizations, governments, businesses, and individuals are at constant risk.
Today, there is a considerable shortage of trained cyber security professionals and consultants across the spectrum with mounting cyber security risks than ever before. It is not limited to large or small enterprises. With a growing dependency on digitalization, the risk of the cyber threat to the organizations is rising rapidly.
Keeping the growing demands of the cyber security professionals in organizations, cyber degree hub is a very helpful online source for cyber security aspirants.
Nonprofit Information Security Forum, the leading institution for cyber, IT security and risk management has warned in its annual study disclosure for the following things:
- Disruption: Over-dependency on fragile connectivity could create the possibility for intended internet outages and is capable of bringing disruption in the trade sector and will heighten the ransom ware risk that can be used for the hijacking of the Internet of Things.
- Deterioration: With the rapid advancement of intelligence technologies along with conflicting challenges posed by ever-changing national security and individual privacy policies could negatively impact the authority of the organizations to control their sensitive data.
- Distortion: The deliberate attempt to spread the misinformation and via automated sources and bots can bring the possibility of authenticity data being compromised.
As the cost of damage due to cyber crime is expected to reach $6 trillion yearly by 2021 with the information revealed, the following trends could be significant for 2020:
- Phishing Sophistication: The phishing attacks that involve carefully documented and transmitted digital messages that would fool people to click on the said link. Once clicked, it would install malware or reveal sensitive data. These processes are being highly sophisticated these days.
Nowadays, the employees of most organizations are conscious of the threat of email phishing or clicking on suspected links, the hackers are using machine learning technology to create more quickly crafted and convincing fake messages with the expectation that recipients will accidentally compromise the organization’s network security and computer systems. These attacks will help the hackers to steal user logins, credit cards, and personal details or sensitive financial information, even gaining access to personal databases.
- Evolving Ransom ware Strategies: Ransom ware attacks might cost the victims billions of dollars annually as the hackers are using technologies that could end up stealing an organization’s or an individual database and can hold all the information for ransom. The rise of cryptocurrency business is stated to be helping to perpetrate ransom ware attacks by making the ransom demands to be paid secretly. As the companies are busy building stronger defenses for guarding against ransom ware attacks, the hackers will be determined to attack more individuals with high-net-worth. Cyber degree hubs can provide details on cyber security courses.
- IoT Attacks: The Internet of Things is becoming ubiquitous with each passing day. An estimate shows that the devices to be connected to the Internet of Things by 20225 are 75 billion. These include laptops, tablets, routers, webcams, household equipment, smart-watches, medical and manufacturing equipment, automobiles, and even home security systems. The connected devices are good for consumers and there are many companies which are saving large cost by gathering enough data and also streamlining the business processes. IoT devices are more vulnerable to cyber invasions and infections. If it’s controlled by hacks, they can create havoc, overload the networks, or will lock down the important equipment for financial advantage. Join us at cyber degree hub.
