January 18, 2022

TheCyberThrone

Thinking Security ! Always

Top CyberSecurity Trends that will drive 2022

Predicting the future is not possible , but based on the previous experiences one can be frame things quite a bit . Like Log4j , can suspect wildcard giant killers that kept all cybersecurity teams to work closely even on holiday vacations. Here in Cyberthrone , top predictions for the year has been listed.

Mouth Watering API’s Attackers Target

Internet of Things and 5G traffic between API services and apps will make them increasingly lucrative targets, causing unwanted exposure of information. The connected nature of APIs potentially also introduces additional risks to businesses as they become an entry vector for wider supply chain attacks. Since the authentication requires is not interactive, they are more vulnerable. Attacks targeting APIs go undetected as they are generally considered as trusted paths and lack the same level of governance and security controls. API is a connection between computers or programmes that allows two applications to interact with each other.

Threat lies with Cloud Migration

Nearly half of the organisations moved business-critical functions to the cloud as a direct result of the pandemic, cloud migration requires specific considerations that will likely be overlooked in 2022. For instance, detecting and preventing malicious activity in the cloud is a lot different, and this can be further complicated by the nuances of working with cloud providers, as well as other company stakeholders looking to rapidly adopt new services in the cloud. Unless organisations educate their entire teams, not just security teams, about securing the cloud, they will inevitably pay the price as their migration accelerates.

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Disrupting Supply Chains

Attempts to disrupt organizations’ supply chains and the measures that can be taken against these attempts can be among the cybersecurity trends of 2022. Considering that hardware and software for improving IT infrastructure will be highly in demand in the upcoming years, it will be necessary to make the data protection and authentication process more effective to block supply chain attacks. Leveraging machine learning and artificial intelligence can be the key to making the two processes more effective. It can be an effective method to integrate the security implementations provided by global supply chains offering cloud computing services with Privileged Access Management solutions. Ensuring supply chain security, especially for organizations with large distribution networks, is of great importance to keep the workflow sustainable and costs reasonable while increasing the sales rate.

Ransomware-as-a-Service Actors Pivoting to SMBs, Worrying factor

Ransomware-as-a-service (RaaS) has helped make digital extortion a booming business, and 2022 is likely to be another banner year for ransomware threat actors. Government involvement in defense of critical infrastructure will motivate ransomware groups to target small and medium-sized businesses (SMBs) to draw less attention than larger, high-profile targets. One clear emerging trend is the rise in cybersecurity inequity between the Fortune 500 companies and SMBs. Small businesses and mid-market enterprises have proven to be just as lucrative for things like ransomware attacks.

With government and big companies pouring cash into cybersecurity, underfunded and understaffed SMBs are prime targets for ransomware groups. The continuing development of ransomware-as-a-service (RaaS) will likely help lower the barrier to entry for cybercriminals and make it easier to launch ransomware attacks against major companies.

Deepfaking Cryptocurrency

Deepfake can be among the popular cybersecurity trends of 2022. The digitization and circulation of money as crypto money makes it more attractive to hackers. And deepfake technology allows users to relocate their images, making it easier for cybercriminals to access sensitive data. It is very possible to see more cyber-attacks on this topic in 2022.

Mobile Devices Will Attack

Many end-users connect to e-commerce software and other online platforms through their mobile devices. Cybercriminals, in response, are targeting these users by putting greater effort into attacking mobile devices. In 2019, 93% of all attempted mobile transactions were fraudulent. This incidence of fraud, driven primarily by malicious apps, will continue to challenge businesses and cybersecurity experts in 2022.

5G An Opportunity with Vulnerabilities

The faster speeds and improved connectivity offered by the technology may encourage increased adoption of IoT devices and other solutions that will rely on cell networks, rather than Wi-Fi or wired connections. This shift will likely have cybersecurity implications. IoT devices are often challenging to secure, despite strides in IoT security made over the past few years. Expanding a business’s security perimeter with new devices, like smart monitors and sensors, also typically results in new cybersecurity difficulties. For businesses that leverage 5G in 2022, new cybersecurity strategies may be necessary to keep their networks safe.

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Phishing and Social Engineering – Old School Syllabus that hard to clear

Attacks that rely on social engineering, like phishing attacks, will continue to create difficulties for businesses in 2022. Employees that don’t know how to spot a phish may inadvertently leave their business’s networks open to hackers. Business-wide security training and investment in anti-phishing systems will help businesses educate their employees on security best practices and limit the effectiveness of these attacks.

Conclusion

New business practices and the growing value of data will transform the cybersecurity threat landscape in 2022. Businesses that want to be ready should prepare for emerging and intensifying threats particularly ransomware, phishing, and IoT vulnerabilities. With the right strategies, it is possible to harden business networks against potential threats, but existing approaches may sometimes not be enough

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