As 2021 saw an increase in cyberattacks, IBM shared some of its predictions in cybersecurity for 2022. Read on to know more about it…
Cyberattacks increased in 2021, not just in large organizations but also in small firms. Several researchers discovered that the majority of the threats are related towards COVID-19, e-commerce, and payment systems. As if high-profile breaches weren’t enough, IBM, technology company, published some of its cybersecurity predictions for 2022.
Ransomware attacks will become more persistent in their quest to scale up revenue and do so quickly, according to IBM Predictions.
In its prediction, IBM said that “In 2022 we will start seeing more and more triple extortion ransomware, whereby a ransomware attack experienced by one business, becomes an extortion threat for its business partner. Ransomware attackers won’t stop at extorting the victim organization for ransom, they will extort its business partners whose data it holds or business partners who cannot afford the supply chain disruption,”
Let’s have a look at IBM’s predictions on data breaches, zero tolerance for trust and other cybersecurity aspects for the year 2022
Several Organizations will be targeted by Cyberattacks in 2022
Distractions will allow fraudsters to infiltrate networks without raising suspicions as businesses around the world slow down for the holidays and change their work environments — with many returning to pre-pandemic in-office models and others extending their hybrid workforce. Breach disclosures and cyberattacks will continue well into 2022, with the initial compromise dating back to the beginning of the year.
The ransomware attack of one company will become the extortion of another
In their quest to increase to make money and do so quickly, ransomware attacks will become more relentless. In 2022, we’ll witness an increase in triple extortion ransomware, in which a ransomware attack against one company becomes an extortion threat on its business partner. Ransomware attackers won’t stop at extorting ransom from the target organization; they’ll also extort ransom from its business partners whose data it possesses or who can’t afford the supply chain disruption.
Cyberattacks on supply chains will become a major boardroom concern
Due to COVID-19 regulations, the world experienced supply chain bottlenecks in 2021, and cybercriminals will strive to profit from our heavy reliance on supply chains — both on a consumer and enterprise level. Attackers can take advantage of several blind spots or weaknesses in supply networks. Ransomware attacks will pose a threat not only to companies as individual entities, but also to their supply chains as a whole, making them a key issue for the board.
Blockchain will become a haven for cybercriminals
As enterprises and consumers increasingly rely on blockchain for supply chain management and digital transactions, we will start to see attackers increasingly turn to its legitimate use to remain undetected for longer. By 2022, cybercriminals will be using blockchain as a more prevalent “tool” to obfuscate their malicious traffic, escape detection, and extend their stealth. Defenders will have a tougher time detecting malicious activities on the network as a result of this.
Zero Tolerance for Trust will reshape the security landscape
More and more businesses are realizing that in order to build customer trust, they must implement a security strategy that has zero tolerance for trust. In 2022, government and private industry scrutinize their trusted relationships more and re-evaluate the “who, what, and why” to data access. Businesses will begin to see more “auditing” of user access, as well as application access to data.