Top 4 Cyber Security Predictions for 2018

When it comes to the cyber security and threats that accompany it, it is safe to assume that 2018 will not be the “we won the war against cyber criminals” year. Fortunately, the cyber attack trends in the past years emerged as a pattern, making it easier for experts to predict threats and work on solutions before the hackers strike.

Since the New Year is right around the corner, we have done a research on cyber security and threats. Hopefully, this information will help you to figure out the attacks so that you can dig deeper and protect your data and the identities of your clients and customers.

IoT as the Primary Target

Internet of things (IoT) devices are slowly entering our homes as well as offices and corporate buildings. There are already dozens of houses interconnected through the IoT. By looking at the IoT trends, it is safe to tell that, in a matter of years, a majority of houses will be part of this huge network.

Since IoT devices are not perfect security wise, they are vulnerable to attacks that result in hackers getting their hands on personal data of users, full access to an IoT home, which can lead to powerful DDoS attacks. We have already seen how devastating these attacks may be when the Mirai botnet army exploited IoT device vulnerability to unleash a DDoS attack of great proportions.

IoT devices are going to remain among the top hackers targets. Previous attacks targeting IoT devices have to be studied in order to come up with reliable solution that will protect this network from future attacks. Especially now, when the medical industry and hospitals are huge adopters of the IoT trend.

Improved Identity Verifications Services

Identity data and identity verification have always presented the honey pot for hackers around the globe. The latest identity data breach – The Equifax breach verifies this claim. This huge credit reporting company was a target of a cyber attack. The result – stolen identity data of 145.5 million U.S. consumers (names, social security numbers, birth dates, addresses, driver’s license numbers).

As the number of people communicating with businesses and between each other via digital channels exponentially rises, hackers are tempted to get into these channels to steal the precious identity data which can then be used for numerous purposes.

Since a single identity verification service is a generally bad idea, proved by the Equifax case, we can expect to see many other identity verification service providers online. Some experts even expect to see a unique digital identity signature used in multiple instances (log into a bank account, government service, credit card company, and others).

In order to prevent data breaches of the identity verification service providers, we can expect that the governments around the globe will come up with more rigorous compliance and other measures to ensure the better data security for their citizens.

Possible Ransomware Attacks

Ransomware attacks are a brand new effort of hackers. They can cause mayhem despite what their target is – individuals, governments, or business organizations. The data on the target devices gets encrypted and the decryption key has to be purchased so that the end users can get their data back.

The WannaCry ransomware outbreak has raised concerns among cyber security experts. The system breaches are getting more and more sophisticated resulting in attacks and consequences getting even worse.

Until a better solution is found, the industry experts advise the enusers to keep backups of their essential files, update their OS, firewall and antivirus software and employ filtering and scanning on mail servers.

Adoption of Blockchain

If the 2017 was not the year of Blockchain, 2018 is definitely going to be the one. Since Blockchain offers great encryption and security, we can expect that it should be implemented in areas which are vulnerable to cyber attacks.

Blockchain technology can help firms to safely issue certificates and use unhackable authentication methods, implement binary reputation checks in ransomware prevention, and check data integrity in real-time.

These were the top 4 cyber security predictions for 2018. As you can see, IoT, identity verification services, ransomware and blockchain are the areas where we can expect some major news.