Cyber security remains a pressing concern as tech companies and hackers are locked in a never-ending arms race. Cyber-attacks are consistently sophisticating in nature which is how they’re able to still successfully target individuals and businesses. A study by Cyber security Ventures predicts these crimes will cost the world $6 trillion a year by 2021. Today we’ll predict the cyber security trends for 2021.
Deepfakes
Deepfake and artificial technology are two trends expected to rise in the coming year. Deepfake technology is the use of an artificial intelligence and machine learning to create fake images and sounds by using samples of real sound and images. Hackers can use this technology to impersonate executives, employers, and colleagues to execute a cyber attack. This technology is becoming increasingly accessible and more prevalent which MSP’s and other IT support companies will have to learn to mitigate.
Synthetic Identity Fraud
Another trend on the rise for the new year is synthetic identity fraud which is continuing to grow in intensity and frequency. A synthetic identity is essentially a combination of manufactured credentials that are not associated with any one particular person. Typically, these synthetic identities will actually use potentially valid personally identifiable information (PII).
AI-Powered Cyber Attacks
The new year is bound to see a rise in artificial intelligence and machine learning powered cyber attacks. AI not only allows cyber attacks to increase in speed and volume, but it also makes attribution and detection more difficult. However, AI can also be used to prevent cyber attacks. For example, Milnsbridge rolled out SolarWinds’ SentinelOne to our customers earlier this year which uses AI to better detect and trace cyber attacks.
Vehicle Cyber Attacks
As more and more cars and trucks become connected to the internet, vehicle-based cyber attacks become prevalent trend. Vehicle cyber attacks could result in theft of the vehicle itself or even theft of the personal data of the owner such as information from your synced phone or your location.
Cloud-Jacking
Another trend on the rise is cloud-jacking, a form of cyber attack where hackers infiltrate a businesses cloud resources to mine for cryptocurrency. Cloud-jacking is an extension of crypto-jacking where malware would take over a computer’s resources in order to mine cryptocurrency.
Managed Security and Security as a Service (SaaS)
Every new year brings new security risks, challenges and trends that could potentially threaten your business. However, these risks can be mitigated with a multi-layered, comprehensive managed security solution. Milnsbridge’s managed security approach focuses on a proactive, rather than reactive approach to cyber security.
To talk to Milnsbridge about how managed security can benefit your business, call now on 1300 300 293.
