Cyberthreats will be coming at you – and any person or
organization with whom you have an online relationship – with increasing speed
and sophistication. For some, it might feel like you’re living inside an online
fantasy game, but it’s real life. Here’s what to look for.
Phishing and Social Engineering
There’s nothing new about phishing, where cybercriminals
try to obtain sensitive information, like passwords or financial information,
usually by using links in emails to install malware to breach your system. Non-profits
have been major targets because they don’t have alert systems built into
network infrastructures, but any business, governmental organization or
individual can be hit. We’ve discussed the need to be highly aware of what
you’re clicking and to exercise extreme caution. As an individual user, you
have control.
At businesses, it’s a bigger chore to combat phishing. Attacks
enable hackers to steal user logins, credit card credentials and other types of
personal financial information, as well as gain access to private databases.
Going hand-in-hand with phishing is social engineering, which
can cover a multitude of attacks such as disinformation and deep fakes spread
by social media. We see this as one of the biggest threats you face this year.
Social media makes it easier to spread disinformation
faster than anyone can send out the facts to repudiate fakery or
misrepresentation. Deep fakes relate to fake images and videos being created by
deep learning techniques. We’ve seen them in the political arena and can
expect more them to be leveraged as a tool to attempt to discredit candidates
and push inaccurate political messages to voters via social media. We’ll also
see them in ransomware, showing targets realistic videos of themselves in
compromising situations. We’ll also see more spoofing in business email with deep
fakes used to add a further degree of realism to the request to transfer money.
Ransomware
Ransomware attacks cost billions of dollars every year,
as hackers literally kidnap an individual or organization’s databases and hold
all of the information for ransom. The rise of cryptocurrencies such as Bitcoin
spurred ransomware attacks by allowing ransom demands to be paid anonymously. As
companies build stronger defenses against ransomware, some experts believe
hackers will increasingly target other potentially profitable ransomware
victims such as high-net-worth individuals.
Third-Party Vulnerabilities (IoT, Cloud, Supply Chain)
This is a tough threat to ward off because you have some
control over your vulnerabilities but not all of them. With the Internet of
Things (IoT), you have control. Make sure that you change every default
username and password for every device you connect to your network and have a
strong network password and firewall. I have little sympathy for people whose
systems are hacked because they didn’t take the proper setup steps to prevent
invasion.
The cloud is as safe as you can get, especially with large,
reputable service providers. They have the resources to deploy the most
advanced security measures and multiple services to protect your data. Our
advice here is to use a top-rated cloud service provider and make sure you have
protected your network, just you would to maintain IoT security.
The supply chain is tough. With so many companies using
the internet to fulfill product orders, manage vendors and customers and
provide financial services, each one of them can rely on hundreds of vendors. You
rely on all of them to keep your data safe, and that can make any one of them
the weakest link in your security. Your best defense is to take every security
precaution you can, such as keeping your software and hardware up to date,
using common sense on what you click, and letting others know when you have
concerns about their security.
Internal Attacks
We have only begun to see the impact insiders can have on
organizations as well as national and global security. While the news focuses
on dangerous insiders exfiltrating data to foreign governments and terrorist
organizations, you need to focus on your business – and your business partners.
In all likelihood, your biggest threats will be data theft for monetary
purposes – similar to effects of ransomware – or some disruption of your
business by a disgruntled or careless employee.
5G’s Unprecedented Data-Theft Speeds
5G cellular technology promises unprecedented speed to make it possible to have more effective infrastructure, autonomous vehicles, faster emergency response and greatly improved telemedicine. It will be almost entirely software-driven; you’ll need hardware capable of handling it. Because it will be software-driven, it will be susceptible to hacks. You’ll need to follow safe internet practices and hope that everyone else does, too. There’s not much you can do technologically in the grand scheme of things, but you can and should demand that large organizations and governments take steps to protect 5G networks.
We can help you make sure you have the knowledge and
systems in place to protect your systems from cyberthreats. Contact us by phone
– 973-433-6676 – or email
to discuss your needs.