Over the years, the number of cyberattacks has been increasing exponentially. As a matter of fact, the losses incurred by the organizations because of such attacks are insanely huge. The deficiency in the security systems has also resulted in certain companies going bankrupt. There is thus an urgent need for organizations to be fully prepared for the challenges in the cybersecurity domain. On that note, have a look at the top 10 cybersecurity challenges to be prepared for in 2022.
Mobile banking malware
It has been observed that there is a significant increase in mobile banking malware/attacks over the last couple of years. Financial information be it in the form of transactions, bank details, security passwords, etc are all under threat. The continued usage of mobile (smart) phones and their being subject to cyberattacks turns out to be a challenge that we all must be prepared for.
The last year has been quite promising for investors in the cryptocurrency market. However, what cannot go unnoticed is the fact that the year has also seen a good number of high-profile and high-value cryptocurrency thefts. The surging value of digital money and increased adoption of cryptocurrencies throw light on how the number of cyberattacks in this area is likely to increase in the coming year.
Cybercriminals have been successful at duping victims by accurately impersonating individuals by video or audio. They make use of the Deepfake technology to either impersonate the face or voice or both, of a person in order to carry out scams, fraud, and social engineering attacks. Such attacks are increasing with every passing day and therefore, pose as a challenge in 2022 and beyond.
The increasing cyber-attacks have paved the way for the cyber insurance industry. However, the coverage of insurance has always been controversial as industry experts believe that insurance payouts are fuelling cyberattacks. Does the real challenge lie in how will this market change as more organizations adopt cyber insurance policies?
Social engineering threat
One term that has been doing rounds for quite some time (in the world of cybercrime) is that of a “social engineering threat”. Here, the hackers gain access to systems by manipulating the trust of users. All in all, human psychology is made use of to achieve nefarious goals. Even LinkedIn was harmed by this threat in 2021. Standing strong against this threat in the coming years continues to be a challenge.
Today, we have reached a stage where 5G network is ruling the globe. However, what goes unnoticed is that the likelihood of cyberattacks is also prominent. The cybercriminals stand the potential to unlawfully enter the 5G wireless networks and misuse the data collected or stored by the smart plus speedy gadgets. As the dependence on smart devices and 5G is going to see an upward trend in the coming days, we all have to be prepared for the cyberattacks that might arise as a result of the same.
Internet-of-Things (IoT) devices
The growing popularity of IoT as a result of their robust reaction-time and the lesser cost seems to be quite appealing. However, what is increasing equally is the number of cybercrimes. The hackers have succeeded at destroying the channel nodes. Thus, paying attention to this aspect in the coming days is critical.
Phishing attacks where hackers gather your card details (credit/debit), current location, and other sensitive info have seen a huge spike over the years. Taking adequate steps to at least reduce the number of such attacks is one of the most difficult challenges to face.
No wonder more and more organizations are relying on the cloud which is why the need for security measures to continuously monitor and update the processes in order to safeguard the data from leaks has become way more important. Hence, dealing with the cloud aspect of cybersecurity is yet another critical challenge to overcome in this technology-driven world.
With every passing day, the extent to which data is increasing with every passing day cannot be merely put into words. It is quite evident automation is integrated to give more sophisticated control over the information. What goes unnoticed is that complex web applications are hard to safeguard thus making automation and cyber security to be a key challenge to be prepared for.
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