April 17, 2020 / by Kaustuv Dwivedi / In siem /

Cyber security predictions for 2020

When it comes to cybersecurity, staying ahead of threats rather than reacting to them is critical. In a constantly evolving threat landscape, plugging holes or designing one’s security posture for yesterday’s threats just isn’t enough anymore.

As we welcome the new year, and with it comes new threats and trends, specifically in the world of cybersecurity. We’ve put together our top 5 cybersecurity predictions for 2020, with a view to helping ensure you stay ahead of threats.

Iot Devices under attack

With a rampant increase of IoT devices, along with the rollout of 5G devices, will dramatically increase the number of attacks on smart devices on a large scale. 61% of organizations have experienced an IoT security incident in 2019, according to CSO Online by IDG.

Even though the manufacturers are implementing their security features on their devices, a majority of them still lack security-by-design, which makes it more prone to hacks.

Compromised credentials and data breaches will continue to be a problem for organisations

According to the Data Breach Report, published by the Identity Theft Resource Center, more than 1200 Data breaches were disclosed in 2019. As a result, millions of data flooded the cybercrime market. We suspect a rise of credential-stuffing attacks in the coming 12 months. It also provides an opportunity for cybercriminals to make money from credential stuffing.

Crime-as-a-service (CaaS) is growing rapidly

The CaaS model will continue to grow in the cybercrime ecosystem as well. This will facilitate the emergence of new organisations and speed up the existing ones.

Ransomware attacks will increase

We are expected to witness an increase in Ransomware attacks in 2020. Targeted ransomware attacks would require a more precise intelligence-gathering activity on the victims, but it could help them earn more money in this and create more disruption on the organisations.

This will allow threat actors to customise attacks in all industries. What’s more is that current security solutions can start detecting these attacks, only hours before they are released, which is enough time for the damage.

25% of all breaches will happen outside the perimeter

A recent survey by Watchguard and CITE Research found that 90% of mid-market businesses have employees working half their week outside their offices. While working remotely can increase productivity, it also makes it susceptible to its own set of security risks. Mobile employees often work without any network perimeter security, missing out on an important layer of security.

What’s clear is that what worked in 2019, cannot be relied on in 2020. We’re set for an exciting year ahead, with new challenges and threats and an increasingly connected world that might need our help to stay protected. This was our list of predictions, and in the meantime, we advise you to check is out.

If there’s anything we can do, feel free to reach out to us at [email protected] we’re always happy to help.