2020’s Top Cybersecurity Challenges
2020 has started. This
is a time when pundits and writers assess what happened in the past year and
look ahead. This blog will provide commentary and context on the big trends
picked by top minds in cybersecurity threat intelligence.
Inevitably, threats like phishing and ransomware will continue to keep
CIOs up at night. What new events, tactics and concepts will shape
cybersecurity in 2020?
More importantly, how can companies safeguard their company against
threats both old and new? Relying on trusted partners and solid tools can be
the antidote.
1.
Cloud Vulnerabilities
There is a misconception that storing data and handling processes in the
Cloud guarantees security. In reality, misconfigured cloud instances resulted
in more than half of data breaches in 2019. This trend will inevitably continue
well into 2020. Amazon’s configuration guide for
businesses to establish their own cloud environment is well over 100 pages,
allowing for human error when implementing. The increasing move from local
databases to a cloud-hosted model allows for more opportunities for hackers to
take advantage of misconfigurations as well as supply their own ingenuity that
could result in data breaches.
2. Mobile as a Cyber Crime Vector
Believe it or not, your smartphone is the next frontier in cybercrime.
Techniques to infect mobile devices through apps are becoming more common.
These fake and malicious apps are designed to steal data on your smartphone and
even swipe any stored passwords on these devices. Additionally, social
engineering through SMS text messages (known as Smishing) will continue to
increase next year. If you are a business that issues company smartphones to
employees, or you allow employees to bring their own device (BYOD) to work,
then you will need to address this risk.
3.
Supply Chain Cyber Attacks
The supply chain of a hardware and software consists of the various
components that make-up the solution. If malicious code infects a component
within a larger trusted application, then the overall application is at risk.
Compromising one part of the supply chain can infect multiple vendors. Supply
chain attacks are up 78% in 2019, according to Symantec. One example of this is
with Asus, a computer and phone vendor. Asus was a victim of supply chain
attacks in 2018 that resulted in them providing infected computer systems to
upwards of 500,00 customers.
4.
More Data Privacy Regulations
The protection of privacy rights for individuals and
their data is a growing trend. The California
Consumer Privacy Act (CCPA) goes into effect January 1, 2020.
Other states are considering similar privacy bills in 2020, including
Massachusetts, Minnesota, Pennsylvania, New Jersey and New York. Many countries
outside of the United States are following suit. These acts combined with the
Global Data Protection Regulation (GDPR) provide a strong impetus for data and
privacy standards. Companies are becoming overwhelmed with the various
components and requirements of rules. As a result, IT departments. General
Counsel and C-Level Executives are often stretched thin with spare time and
each new requirement only adds to the complexity of running a business.
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