The new year is upon us and it's a time for reflection as we plan for what lies ahead in 2023. Additionally, you should prepare yourself financially in case cyberattacks become increasingly frequent and damaging.
Sixty eight percent of surveyed business leaders believe cybersecurity risks are increasing. They are correct; attacks are becoming more sophisticated. Unfortunately, these criminal organizations often treat these attacks like a business venture.
In 2021, the global average number of cyberattacks increased by 15.1%.
It is essential to stay ahead of the latest attack trends in order to protect your business over the next year. What are the newest hacker techniques and most prevalent types of attacks? Knowing these facts will enable you to enhance your IT security and reduce the likelihood of malware or data breaches.
We have compiled a security forecast for the coming year based on research done with cybersecurity experts. Here are the top attack trends you should be aware of in 2019.
5G Devices Face Off
For some time now, 5G has been the talk of the town. Finally, it appears to be delivering on its promise of superfast internet - creating a highly targeted area as providers strive to build out their infrastructure.
Hackers are targeting 5G hardware found in routers, mobile devices and PCs for potential exploits. When new technologies such as this come into use, code flaws may arise and hackers are actively searching for ways to take advantage of them.
Preparing for anything begins with understanding the firmware security of any devices you purchase - especially those that are 5G enabled. Certain manufacturers prioritize firmware security over others, so be sure to inquire when purchasing new items.
Bypass One-Time Password (OTP)
This new trend seeks to bypass one of the most secure forms of account security: Multi-factor authentication (MFA). MFA has long been known for its effectiveness in blocking fraudulent sign-in attempts even if a criminal has access to your password - effectively blocking account takeover attempts.
Hackers have several methods for circumventing MFA protection. These include:
- Reusing Tokens: Acquiring access to a user OTP from the past and then trying to utilize it.
- Sharing of Unused Tokens: A hacker uses their account to obtain an OTP, then attempts to use that same OTP on another account.
- Leaked Token Utilizing an OTP token that was obtained through a web application.
- Password Reset Function A hacker uses Phishing tactics to induce the victim into changing their password. They usually request an OTP (One-Time Password) through email or text.
Attacks on World Events
Cyberattack volume increased 600% during the pandemic. Large criminal hacking organizations have realized that disasters and world events can be lucrative opportunities.
Phishers launch global attacks to capitalize on current events, from hurricanes or Typhoons to Ukraine's conflict. Unfortunately, these scams often fall prey to unsuspecting victims who become distracted from the crisis at hand.
These types of scams can be highly dangerous and people should exercise caution. To play on emotions, scammers often employ social engineering techniques like using sad photos to prey upon people.
Mobile Device Attacks & Smishing
Nowadays, mobile devices are everywhere with us. Cybercriminals are well aware of this direct connection to potential victims and will continue looking for mobile-based attacks such as SMS-based phishing ("smishing") that take advantage of this convenience.
Many people do not expect to receive fraudulent messages from their cell phone numbers. Cell numbers are no longer private, as hackers can purchase lists online and craft convincing fake messages that look like shipping receipts or invoices with just one click causing an account breach or data leakage.
Mobile malware is on the rise. According to data released in 2022, mobile malware increased by 500% during the first months of 2022. Therefore, it's essential that you have a reliable mobile device with anti-malware installed as well as other protections like DNS filters.
Elevated Phishing Through AI and Machine Learning
Phishing emails have become increasingly difficult to detect over the past decade due to spelling errors or images that appeared too grainy. While some still contain errors, most don't.
Today's phishing attacks are increasingly sophisticated thanks to AI and machine-learning techniques. They will look exactly like a brand's email, personalized for each victim - all these strategies being employed by hackers with the aim of sending more phishing messages faster than ever before.
Are You Prepared for Cyberthreats in 2022?
Don't wait to learn the hard way - contact us now to arrange a cybersecurity assessment and stay ahead of digital criminals.