The security industry, including companies that provide systems that allow access control in the Philippines, attempts to predict the biggest and upcoming security threats or issues every single year. Despite knowing that they will never be 100% right, they still do it in hopes of coming up with a strong defense against these anticipated threats. Ultimately, their efforts are made in order to safeguard people all over the world.
Most of these predictions are based on what happened in the year prior. Information from all the security threats, breaches, and attacks are put to good use. As a recap, 2017 was the year cyberattacks reached a level of severity and frequency that no one could have ever predicted. Malwares and hackers were headlining the news and reports of businesses losing billions in revenue were the talk of town.
In 2018, it doesn’t seem like these acts are stopping anytime soon. On the contrary, forecast suggests that they will only intensify. To really understand what security issues and threats we’ll be facing in 2018, simply continue reading below!
Ransomware attacks were of the biggest in 2017 and they will only grow in the coming year and beyond. You may have not heard of it yet, but ransomware is a type of malware the breaches a system’s digital defenses and locks down its data using strong and hard-to-crack encryptions. Following the successful entry of a ransomware are hackers demanding money in exchange for unlocking the data. Victims are often forced to pay because back-up data is rarely made and prioritized.
Previously, ransomware attacks were specific to the Windows OS, but it seems MacOS and Android attacks are next for 2018. One of the biggest predictions for the year is that these malwares will be sent to the cloud, which is home to mountains of data from the biggest companies like Google, IBM, and Amazon. These renowned companies have already hired the best people in digital security to defend their data, but the same can’t be said for small companies and they’re sure to be prime targets.
Cryptocurrencies rose in popularity in the previous year and it has become somewhat mainstream. People are jumping on the wagon, hoping to make thousands or millions investing in these digital currencies. Little do they know that hackers and malicious criminals are enjoying the ride with them.
Cryptojacking or mining cryptocurrencies has become prolific because of the popularity of these digital currencies. It may not sound threatening, but your own wallet could actually be ‘mined’ or emptied through this crime. That’s not even the worst part – cryptojacking requires an unbelievably large amount of computing capacity. Such power can only be achieved from hijacking and compromising millions of computers – an act that hackers will not shy away from.
In short, if cryptojacking continues, these criminals will only be tempted to breach as many computers as they can, and someday they may end up targeting airports and hospitals using all their power.
Critical infrastructures in every country like transportation systems and electrical grids are also expected to struggle with more security threats and breaches. Most of these attacks are guaranteed to result in immediate disruption while others could be hijacked and locked for ransom (similar to ransomware). Either way, these attacks will cause severe damage and losses to those targeted.
The insurance industry is one in particular that needs to be wary of these cyber-physical attacks. Since they can be massive and correlated and can damage multiple sectors, it is sure to affect different lines of insurance and result to grave losses in revenue.
If you haven’t noticed yet, most of the security issues that we’re advised to watch out for are related to cybercrime. This is no coincidence as digital data is slowly becoming one of our most valuable resources and is slowly taking over paper and pen.
Now, the only way to avoid such threats and issues is to educate ourselves on these crimes and their possible effects. We should also learn to install reliable systems of access control in the Philippines and the like. Finally, companies need to invest in their cyber security by hiring experts or teaching their employees the basics of cybercrime and cyber security.
Although they won’t 100% protect us from these threats and issues, they’re a good start in ensuring that we take as little damage as possible!