How to Safeguard Your Data Against Malware
Here are a few tips to safeguard your data against malware.
Cyber Crime in the Post Pandemic Era: All You Need to Know
The recent pandemic has led a lot of entrepreneurs to digitalize their businesses. But that isn't without its challenges. Learn more here.
The Internet is much more than just a space for online shopping and socializing. It has become an essential part of our lives, but its growing usage during the pandemic also means that it can be one of the most dangerous places on Earth.
While the world’s market for information security is expected to hit $170.4 billion in 2022, the cybercrime trends remain unpredictable; there are a few things we do know about what this might look like.
Here's what we expect to see.
Growth in Ransomware Attacks
The number of ransomware attacks will grow exponentially over time, with new strains being created as soon as one starts taking a hit; ransom costs will range from $400 to $25 million per head, depending on the severity of the attack.
Hacking Attacks Expected to Slow Down But…
The growth in the number of hacking attacks is expected to slow down, although this doesn't mean that the number of breaches will; we'll see a plethora of attacks against individuals, companies, and governments. In addition, 68% of entrepreneurs currently feel that they'll become more prone to cybercrimes as time passes.
A Rise in Phishing Attacks and Malware-Related Incidents
The growth in the number of phishing attacks will slow down somewhat as users become more aware of how this works and where their spam filters need to be adjusted for maximum protection. Phishing scams that target customers and defraud them will also continue to grow steadily.
Malware-related incidents will rise slightly due to vulnerabilities of PCs, mobile devices, gaming consoles, home routers, and other hardware connected to the Internet.
Social engineering and malware explicitly designed for social media sites will be some of the most prevalent types of malware. An example of this is the "Tripwire" worm, which could spread to potential victims from a compromised contact on Facebook.
Viruses and Worms Will Continue to Grow
Viruses and worms will continue to be a serious threat as they can serve as entry points for cybercriminals. However, the prevalence of mobile malware will decline when users' phones can adapt themselves to avoid exploitation.
Growth in Phishing and Pharming
Phishing and pharming will continue to evolve using more sophisticated social engineering tactics (such as fake news items and fake messages about money or gift cards) that will cause users to click on links that lead them to malicious websites.
The above information highlights a few of the major trends expected in the post-pandemic era. Get in touch with us if you’re concerned about the trends in cybersecurity and cybercrimes. At Lean Security, we offer premium cybersecurity services in Australia, including advanced web security testing, web security assessment, vulnerability scanning, source code security assessment, and more.
Revolutions in the Cyber Security Industry
The cybersecurity industry is constantly growing. Recently there have been some major revolutionary breakthroughs in the industry. Learn more about them here.
Cybersecurity is an industry that demands constant innovation from IT experts to stay ahead of potential threats. Recently, there have been several breakthroughs in research and development which could lead to new technologies that revolutionize security in the future.
The unfortunate reality is that it's only a matter of time before we see another major cyber-attack or breach, and these new developments need to be implemented in response to such potential threats.
In 2020 alone, Australia’s Cyber Security received 436 threats from government agencies, and worldwide the damages from cybercrime are expected to hit $6 trillion by the end of 2021.
In this blog, we will look at several advancements in cybersecurity and what they could potentially mean for the future of modern cybersecurity.
1. Private Side-Channel Attacks
The first innovation comes from researchers at Princeton University, which is designed to prevent hackers from stealing data with a form of data scrambling that's called "data encryption" or "private side-channel attacks."
This will be particularly useful for securing sensitive data, such as medical records, since it doesn't rely on traditional encryption types, which certain techniques can break.
2. Filtering System: Privacy-Preserving
Another breakthrough is a filtering system that will help prevent hackers from getting in and disturbing the systems by keeping track of all the network communication data.
It works by scanning all data packets to ensure they are coming from legitimate sources and not random ones. This prevents outsiders from seeing and understanding the information being sent over the system and blocking out potential intrusions automatically by shutting down suspicious connections.
This groundbreaking innovation was created by researchers at Princeton University called "privacy-preserving.”
2. Blockchain Technology
The latest innovations in cybersecurity also include blockchain technology, which has already been adopted by industries such as banking, real estate, and insurance. Various companies also used it to conduct transactions using cryptocurrencies.
Blockchain is a secure, immutable, and transparent digital ledger of transactions that can be used, not only for cryptocurrency like Bitcoin but also for various other applications.
The technology that allows this is called a distributed database system that can record and store data across multiple sites to enable all participants to verify the data. The data can only be added by consensus between all the participants and cannot be deleted or altered retroactively.
These are just a few examples of many recent innovations in cybersecurity. Feel free to contact us if you want to know more about the current state of cybersecurity and learn about how you should improve yours.
At Lean Security, we offer premium cybersecurity services in Australia, including, but not limited to, web security assessment, penetration testing, and web vulnerability scans.
