Every year, as the cybersecurity requirements of businesses become more complex, technology continues to evolve to meet them. Although new Internet of Things (IoT) devices and cloud-based systems are helping companies run more efficiently, they can also pose significant cybersecurity risks. Cyber risks will continue to grow throughout the next year and enterprises need to ensure that they have a comprehensive suite of products to protect all of their devices and systems from the newest threats.
In 2019, deepfake - a form of synthetic media that takes an image or video and replaces it with someone else’s likeness using AI and machine learning techniques - emerged as a serious threat to unsuspecting users around the world. This past year saw the use of deepfakes in audio to make individuals think they were receiving information and instruction from a trusted source. In fact, the CEO of a major energy firm in the U.K. was scammed into transferring hundreds of thousands of dollars to someone who utilized deepfake technology to imitate the voice of his parent company’s CEO.
Many cybersecurity experts fear that as deepfake technology becomes more accessible and prevalent, it could be used more regularly to disrupt companies in their normal operations and security. Currently, impersonation-based attacks cannot be prevented by endpoint security, but good phishing training for employees and email security software can help decrease the likelihood of infiltration.
Artificial intelligence and automated systems have brought about many technological advances, especially in the past year. Cybersecurity experts, however, are now worried about AI’s capabilities when in the hands of hackers, as many predict that cyber criminals will increase their use of AI in targeting, research and scale for attacks in 2020. Even though cybersecurity experts are constantly adapting AI for new malware detection and prevention technologies, hackers are working to bypass these new securities in parallel. As hackers continue to advance their malware techniques, it is becoming increasingly more important to have a malware prevention solution that can not only stop current threats, but can also predict and evolve to stop future threats.
In 2020, advancements in 5G technology will introduce even more internet-connected devices into everyday life. Though IoT endpoints can increase convenience, they are also less secure than other technologies. In fact, without additional endpoint security safeguards, IoT devices can be some of the most dangerous endpoints for enterprises. At the time of their release, new IoT devices generally have the most up-to-date technology. However, as manufacturers are more concerned with building new devices than they are with updating older device security, hackers can quickly exploit old device bugs and security issues. As the production of IoT devices continues to boom, users must ensure that all vulnerabilities are shored with additional layers of endpoint security.
Throughout the past few years, hackers have shifted their ransomware attacks so they are more targeted to singular, high-value networks. Rather than the traditional blanket approach to ransomware attacks, hackers have chosen targets more carefully for a mix of vulnerability and value of data. One example of a high-value vulnerable target is the city of New Orleans, which declared a state of emergency in December of 2019 following a ransomware attack that crippled their governmental systems. These types of attacks are not new, nor are they likely to slow down anytime soon, but advancements in ransomware techniques now allow hackers to go deeper into systems and find the most sensitive data.
Rather than casting a wider net, hackers focus on high-profile targets to get the most valuable data and information they can. To prevent these deeper attacks, employing malware detection and prevention software is a necessary first step. However, to have total security protection, email security software and privileged access management are also important.
This past year experienced some of the most helpful advancements on record for cybersecurity technology. However, 2019 also had some of the most sophisticated malware attacks to date. No matter what threats this new year brings, every business should conduct a full review of their security products and procedures to make sure they are employing the latest technologies. RevBits full suite of cyber tools is the most advanced in privileged access management, email security, deception technology, endpoint security and more. RevBits products remain one step ahead of every cybercriminal, making sure every business can too.