Cyber-Security Predictions for 2020

Cyber-Security Predictions for 2020

The Internet has become a common solution to most problems of the modern world; from payments to a bank transfer, communication through messages, emails or any other online resources, from shopping to studying, the internet has touched many aspects of life. From observations of past few years, with the increasing numbers of data networks, digital applications, internet and smartphone users, the chances of cyber exploitation and cyber crimes are also increasing and Cyber-attacks on utilities and critical infrastructures will continue to grow in 2020. Researchers have predicted various Cyber-Security Predictions for 2020 in order to give an insight into the scene in the Cyber-Security landscape.

According to the Data Breach Report published by the Identity Theft Resource Centre, there were more than 1,200 data breaches were revealed in 2019 which resulted in millions of records glutted the cybercrime underfoot. Therefore, the main cause for the data breaches in 2020 will be the availability of such data but there are some cybersecurity courses and training available which can help organizations to reduce the risk of data breaches.

Credential stuffing is a kind of attack where the account credentials which were stolen already like usernames, email addresses and the corresponding passwords etc. accessed from previous data breaches are used to get through user accounts. Hike in credential-stuffing attacks can be seen in the upcoming months which most cyber-security predictions of 2020 have predicted.

So, what more cybersecurity stuff can we expect in the coming year? Based on the knowledge of experts in this field and our observation from the evolved ways of attacks, here are some of the Cyber-Security Predictions which are most likely to affect organizations, government authorities, and individuals in the coming year of 2020.

  • Ransomware on Smartphones

Mobile devices will also get affected through ransomware and in 2020, it would possibly be the major target for the cybercriminals. These attackers exploit vulnerabilities and find ways to attack your devices. Attackers can install ransomware on smartphones and then steal confidential data or lock a device and will then threaten the user to return all credentials in place of their demanding terms.

  • Artificial Intelligence (AI) Systems will get exploited and attackers may use AI to strike

Cyber Crimes based on Artificial Intelligence will play a major role in 2020. Many of the organizations are now adopting the AI-based solutions which can automatically prevent their systems and networks from cyber-attacks.

Devices such as Alexa are found in most households across the world. Security monitoring systems & other devices have also incorporated AI in their designs. This deployment has made these susceptible to attacks. They use AI-enabled malware programs which can learn automatically about the system environment of an organization and communication protocols. AI could also be used to deliver misleading information campaigns.

  • IoT devices are at major risk

As the rollout of 5G networks will begin, the number of connections to IoT devices will increase which may lead to higher vulnerability. Connections of networks and clouds to IoT devices is still a weak factor in terms of security. Cloud storages are just someone else’s systems, we need to understand this approach and take decisions, consciously. We require a more holistic way for the security of IoT to protect networks of all businesses and industries.

  • United States 2020 Elections could be hampered due to Cyber Attacks

The major concern for Intelligence Officials is that databases could be a possible target through ransomware which can damage Computer Networks of the systems across the world, as the election database is wide. These data breaches could lead to a despaired result and trouble for the users across the world. Although, U.S. government is planning to launch protection for voter registration databases.

CISA (Cybersecurity Infrastructure Security Agency) will launch a program to help state elections from such ransomware scenarios.

  • A Threat to High profile US brands

As tensions between the U.S. and Iran continue to accelerate and can become a reason for the cybercriminals to attack high-profile American companies. These attacks will focus on rattling Internet-facing services that these companies’ customers and employees depend on. Customer Database & records will be targetted time & again. Along with the brand value, these brands will have a lot at stake.

What security leaders must do: “As cybersecurity leaders, we have to create our message of influence because security is a culture and you need the business to take place and be part of that security culture.”  — Britney Hommertzheim, Director, Information Security, AMC Theatres, at SecureWorld Kansas City

According to Synopsys software integrity survey report, there are some of the major stories for 2020 which are shown in the chart below: –

  • Excessive use of DNS & other spoofing technologies to conceal the traces

According to the Kaspersky Security Bulletin 2019, there will be an increase in sophistication of attack methods. Attackers will eliminate data with unconventional methods, such as using signalling data or Wi-Fi/4G. In a similar way, more attackers will use DoH (DNS over HTTPS) in the upcoming time to conceal their activities and make discovery more difficult. Finally, it is possible that during the coming months we will start discovering more UEFI malware and infections as our ability to see such systems is slowly improving. As the ability to see such systems improves, more UEFI malware and infections could be discovered in the coming months.

Everyday technology is evolving & in this digital era, we’re increasingly dependent on the Internet. This leads to a generation of more opportunities for cybercriminals, and every IT environment like on-premise system networks, cloud, smartphones, and IoT devices are being targeted. The non-IT environment is also not secure as evolved methods of hacking have started targeting these domains too. There are unshakeable reasons why cyber-attacks, as bad as they are now, will only grow more frequent, more intense, and more successful.

But the good news is, with the help of all these Cyber-Security Predictions and by deploying advanced threat intelligence techniques to power security architectures, businesses of all sizes can automatically prevent themselves against upcoming Cyber-Attacks and authorities of different sectors, regardless of size, can use different types of network security to secure their networks.

Bulwark CyberX helps businesses & individuals to secure themselves & their information in this cyberspace warfare. Let’s secure cyber, together.