There are 10 cybersecurity threats that have been predicted for the year 2022. Each of them is a threat that can be prevented with effective security measures.
In 2022, the cybersecurity industry will be worth $1 trillion globally and on average, each business spends $500,000 in order to prevent security breaches.
There seems to be a growing trend of cyber-attacks among companies. In recent years, there have been more cases of healthcare and retail companies getting hacked.
Over the years, cyberattacks have been on the rise exponentially. In fact, the damages caused by cyberattacks are much higher than most people would think. There is a particularly compelling need to keep your organization’s data safe & secure online. That is why IT departments should make cybersecurity a high priority. Based on my research, I compiled the top 10 cybersecurity risks we’re all likely to encounter by 2022.
Mobile banking malware
Mobile malware/attacks have increased significantly in the last 2-3 years.
Mobile malware is a growing threat to consumers and businesses. Consumers are at risk of being targeted with fraudulent transactions, identity theft, and other cybercrimes. The business sector is also facing a significant increase in the number of mobile attacks on their networks.
Financial information is always at risk, and that is why it’s important to keep your bank details & payment security methods up-to-date. Smartphones use technology for convenience, but cyber attacks can turn that convenience into a damaging event. This is something that everyone must be prepared for.
Cryptocurrencies
Bitcoin has seen a huge rise this last year and more people are eager to invest in the cryptocurrency market.
Bitcoin is a cryptocurrency that has seen an increase in popularity and value recently. The price of a single bitcoin reached $19,000 in December 2017. This rise has led more people to invest in the cryptocurrency market
The year 2018 also saw many high-profile and high-value cryptocurrency thefts. Many people are starting to invest in cryptocurrencies now and with the surge of value, cyberattacks involving this type of digital cash are also on the rise.
Deepfake technology
Cybercriminals have fooled people into thinking they’re interacting with a person in person when their interactions are instead delivered over video or audio.
Misinformation is the enemy. Misinformation has the potential to undermine trust in our society and create a hostile environment that can lead to dangerous situations. For example, during the 2016 presidential elections, social media posts falsely claiming that voting machines were malfunctioning caused panic among Americans who wanted to vote.
This is an attempt to steal your sensitive information such as your home address, social security number, etc. Scams, fraud, and social engineering attacks are increasing with AI Deepfakes. As the technology is continually improved, it poses a threat to individuals who need to be very careful about what information they reveal online.
Cyber Insurance
Cyber-attacks have increased by more than 50% in the last five years, which has paved the way for cyber insurance.
Cyber attacks are on the rise and can be devastating for businesses. However, there is a way to protect yourself. Cyber insurance is a tool that can help businesses mitigate risk and recover from cyber-attacks.
Despite this issue, its coverage is still hotly debated. Industry experts believe that these insurance payouts are being used to fuel more cyber attacks. Cyber insurance policies are becoming more widely adopted in the business community. Organizations that were previously offering cyber cover are now backing out of deals because they have found that it provides them with greater returns than before. In this case, the real challenge lies in how will this market change as more organizations adopt these policies.
Social engineering threat
Many cyber attackers use “social engineering” to gain entry into secure systems.
Social engineering is a technique that uses psychological manipulation to gain access to a target through social interaction. This can be done in person or online. It often involves lying and creating fake identities to convince the intended target to take action.
They trick users into giving up their personal information or sensitive data. Psychologists and sociologists have used human psychology to help them make a lot of money. They can use their knowledge of our mindset to influence us in ways we wouldn’t think about or agree with. Unfortunately, so many people rely on LinkedIn these days that even if it says something bad about an organization or its leadership, it’ll convince a lot of people that the information.
5G network
Today, 5G technology has reached a level where it is ruling the world – but what goes unnoticed is that the risk of cyberattacks too is high.
5G technology is the most recent in the evolution of cellular communication and it has been a great leap in telecommunications. It offers hope for faster, more reliable internet connections and more personalized data. However, it also poses a serious risk of cyberattacks to cellular networks and individuals that remains largely under-appreciated.
Unlawfully entering 5g networks is a big deal. As 5g networks become more accessible and popular, it will be impossible to prevent unauthorized access. Theft of information & misconstruing personal data may surely happen in the near future. 5G is becoming the norm, and many people already depend on smart devices for their work and personal lives. As a result, cyber security in-house will become more important – whether it’s for enhanced protection or for continuous research on how you can best reap the benefits of newly emerging technologies.
Internet-of-Things (IoT) devices
IoT has increased in popularity as a result of its fast response time and much lower cost.
IoT is a term that refers to the interconnection of devices, both physical and virtual, in such a way that they are able to automatically collect and exchange data. They are also able to self-repair or be repaired by other connected devices.
This truly seems to be quite appealing. The number of cybercrimes and hacking attempts is increasing simultaneously & there is a need to be more aware of what hackers are doing. There are effective channels in place that provide updates on all this, so paying attention to this is essential.
Phishing attacks
Phishing attacks have become harder to predict over the years as hackers have begun to use more complex methods and new technologies. Modern phishing attempts are more intense, targeted, and often disguised as something else.
This is due to the number of new ways these threats are being disguised which could make it difficult for people hit by a phishing attack to recognize them. It’s no easy task dealing with cyber-attacks, but taking some steps to avoid them as much as you can is of vital importance.
Cloud
The use of cloud technology has made it easier for organizations to keep their data in a secure and reliable place. The cloud can be accessed from anywhere around the world and is completely secure. There’s a lot of advantages to using the cloud, but one disadvantage is that it’s hard to find responses when trying to access your data when you’re on the go.
Instead of worrying that they could lose the information at any time, organizations can now access it from anywhere. This way, all their private data is protected and safe. This is good because the need for security measures to safeguard their data has become way more important. As a result, dealing with the cloud aspect of cybersecurity is yet another critical challenge to overcome in this technology-driven world.
Automation
It is clear the amount of information available for automation is continuously increasing, and it’s making people more capable of harnessing the information.
AI is making it possible for people to search, analyze, and draw conclusions from vast amounts of information. This has led to a shift in the way companies and individuals work. In the past, people would have needed to rely on experts or experts with time and resources to find the answers they need. However, now automation can be used to answer questions and provide insight in a fraction of the time.
Sometimes, it can be difficult to balance web app security with other areas of the business. This is because they’re open to hackers and make human involvement in updates & maintenance less common.
With the advancing technologies in regards to web applications, they have become an integral part of every business. They are convenient, user-friendly, and easy to set up. However, they sometimes come with a downside. One such drawback is that they are open to hackers and human involvement in updates and maintenance is less common.