Cyber security predictions for 2022 and beyond have been released by a several research organizations and leading technology companies. Read on to know more about it…
Hackers can leak your personal information or even shut down your entire organization for hours or days at a time. The increasing sophistication of these cyberattacks has prompted numerous organizations to crack down on cybercriminals, resulting in today’s cybersecurity trends.
Organizations throughout the world are losing billions of dollars due to security vulnerabilities and data breaches. Furthermore, since the pandemic began, organizations have shifted to remote work, making them more vulnerable to cyberattacks. Various organizations and professionals all over the world want to keep a close eye on the emerging cybersecurity trends. In this brief article, we’ll present some of the top cybersecurity trends and how they are shaping IT and cyber security world.
COVID-19 Pandemic based Cyberattacks: According to the cyber-security predictions for 2022 by Check Point Software Technologies, while cybercriminals continue to exploit the COVID-19 pandemic’s impact, they will also develop new ways to attack using deepfakes, cryptocurrency, mobile wallets, and other methods. Hackers will use fake news campaigns in 2022 to carry out phishing attacks and scams, such as misinformation concerning COVID-19 immunisation, fake vaccine passport certificates, and so on.
Rising Ransomware Attacks: Unfortunately, the ransomware will continue to be a huge threat to the cyber-world in 2022, and many firms, large and small, have included it as part of their overall cyber security strategy. In 2022, various security experts estimate the severity of ransomware attacks will increase even more, with the biggest reported ransom paid by an enterprise. We saw the worldwide impact of a ransomware attack when Colonial Pipelines was targeted using compromised passwords that resulted in rising oil prices, fuel shortages, and caused panic buying.
To make things worse, the rise of Ransomware-as-a-Service (RaaS) groups and trends like double extortion and Initial Access Brokers (IABs) will become the modus operandi to franchise cybercrime, with prominent groups such as Ragnarok, DoppelPaymer, Nefilim, Maze, REvil and Sodinokibi continue to target critical sectors like education, healthcare, central government, energy and utility and financial services
Cloud Security Misconfiguration: Several organizations have invested on digital transformation, and the majority of them have ended up with hybrid or multi-cloud setups. To minimize the risk of ransomware and other threats, organizations are migrating to the cloud from traditional data centres and consolidating from front offices to private clouds. When reviewing the adoption of security hygiene across cloud infrastructures, we still notice several security gaps, particularly cloud misconfigurations. Several grey zones are yet unprotected by security teams or shadow IT.
Unconventional Phishing Attacks: Phishing attacks are currently the most common security concern in the IT industry, with several users still being a victim of phishing emails. Business Email Compromise (BEC) attacks, phishing emails and malicious URLs are still common on the internet, but they’re more localized, personalized, and geo-targeted today as the online fraudsters use more complex methods to create and unleash unconventional phishing attacks.
32 percent of data breaches last year involved phishing activities, according to 2019 Data Breach Investigations Report of Verizon. As a result, experts predict that targeted phishing attacks will become more common in the coming years. According to Security Boulevard, 2020, it’s also worth noting that there were over 60,000 phishing websites in 2020, and one out of every eight employees shared information on a phishing site. As a result, organizations are beginning to implement and invest in comprehensive security awareness programs.
Increasing Cyberattacks on Healthcare Sector: In the healthcare industry, failing to resist cyber attacks exposes many individuals and organizations to a variety of liability and security risks. As a result, hospitals and health institutions have increased their investments in cybersecurity. The healthcare cybersecurity market was valued at $9.78 billion in 2019, and it is expected to grow to $33.65 billion by 2027. Experts predict that the market might reach $125 billion by 2025, based on the influence of COVID-19 on the healthcare sector.
Data breaches are one of the most common cybersecurity concerns in the healthcare industry. 157.40 million medical records between 2015 and 2019, were exposed. According to IBM, data breaches in the healthcare industry is expected to cost $7.13 million on average in 2020. Due to these factors, healthcare organizations are increasingly paying greater attention to their digital security requirements. All these developments indicate that the cybersecurity market in the healthcare sector is experiencing significant growth.