Since the dot-com boom brought the world online in the second half of the 1990s, cybersecurity has been a priority for many organisations.
The many unprecedented events in the past few years, including the COVID-19 pandemic, contested elections, and sociopolitical unrest, have led to a significant increase in the number and severity of cybercrime.
The sophistication and ubiquity of cyberattacks are growing. As cybercriminals continue to evade cyberspace by employing AI techniques, they will cause more significant damage without being detected.
Cybersecurity researchers have not sufficiently explored the concepts behind AI-powered cyberattacks to comprehend their level of sophistication.
Cyberattacks pose an existential risk to enterprises, essential services, and organisation infrastructure, causing corporate operations to be disrupted, erasing critical data, and damaging a company’s reputation. The current cyberattacks are outwitting and outpacing human intelligence, including artificial intelligence (AI).
It is expected that cybercrime will cost $10.5 trillion worldwide by 2025, up 15% from $3 trillion in 2015; cyber threats will become more sophisticated over time with a sudden rise in cost.
Preventing cyberattacks requires proactive protection. See what experts say are the top security threats facing the world in 2022.
Top 11 common cyber security threats your organisation can face in 2022
#1. AI-driven cyber attacks
Nowadays, cybercriminals have advanced artificial intelligence-driven methods by which they can cause problems for governments, businesses, and individuals. Cyber-weaponry is far more powerful than existing cybersecurity tools.
In an AI-driven cyberattack, hackers manipulate robots to perform social engineering tasks at human or superhuman levels.
We are not far from seeing AI-driven cyberattacks in the future. Artificial intelligence-driven cyber attacks are already possible if the right tools and building blocks are in place.
Automation and innovation have grown enormously within the last few years due to recent advancements in artificial intelligence.
Artificial intelligence gets to perform cyberattacks on a scale beyond what a human would do, resulting in sophisticated, more rapid, and more unpredictable attacks than any cybersecurity team could anticipate.
#2. Cloud vulnerabilities
With cloud computing software solutions, more and more businesses and organisations are migrating to the cloud. Cloud services commonly lack encryption, authentication, or audit logging.
Many cloud service providers fail to distinguish between the data of users and the data of other tenants sharing the space. The cause of this is that IT security experts believe the cloud must get better secured.
The report released by IBM shows the increment in cloud vulnerabilities by 150% past five years with 29000 web data breaches.
Bypassing cloud security policies, which protect sensitive information in cloud databases, can be made possible by poorly configured cloud security. Cyberattacks are becoming more sophisticated and more predictive as cloud security evolves.
#3. Continue rise in a ransomware attack
A business model refinement took place in 2021 for the adversary. As hybrid work becomes more common, we have encountered more security vulnerabilities, resulting in special attacks on networks and applications. The threat of ransomware will remain significant in 2022.
Cybercriminals are now using ransomware as a service (RaaS) to trade ransomware tools for payment, and ransomware attacks have become more convenient. It has made attacks more affordable for cybercriminals.
#4. Remote working increasing data breach
The COVID-19 pandemic has triggered an explosion in remote working worldwide, and that trend is here to stay. In a recent survey conducted by Upwork, it got estimated that almost 40.7 million people will be working remotely by 2025, a rise of 87 per cent over the pre-pandemic period. Consequently, cyber threats have increased for many organisations.
More and more remote employees are taking advantage of misconfigured cloud security measures and insecure devices and networks at home. Phishing attacks against remote workers also take the form of emails, voice messages, and text messages.
These threats create increased challenges for remote work, increasing the demand for cybersecurity professionals.
#4. A 5G network for IoT, the new technological risk
Research is needed to find loopholes in the 5G architecture to make it more secure against external attacks because it is relatively new to the industry. There might be many network attacks associated with the 5G network that we might not realise.
Manufacturers of sophisticated 5G hardware and software must exercise a high level of quality control to prevent data breaches.
The Internet of Things (IoT) will become a reality as 5G networks are developed and expanded. A vulnerability combined with this communication may also occur from an outside influence, an attack, or an unknown software bug. There were severe bugs even in Google’s Chrome browser, the most popular browser globally.
#5. Mobile devices are the new target
Mobile banking malware or attacks are expected to increase by 95% in 2022, making our handheld devices vulnerable to hackers. Every picture we take, every financial transaction, every email, and the message we send poses more threats to our privacy.
By the end of 2022, smartphones’ viruses and malware may be the centre of cybersecurity trends.
Cybercriminals are now focusing their attention on mobile device management systems that manage corporate devices and systems that, ironically, increase corporate data security.
Hackers can use MDMs to attack all the mobile devices in the company at the same time since they are connected to the entire network of mobile devices.
#6. Internal organisation threat
Detailed findings in Verizon’s data breach report reveal that 34 per cent of all attacks were made directly or indirectly by employees.
A data breach is often caused by human error. With millions of stolen data, your organisation can be brought down at any time by one bad day.
Therefore, you should ensure that premises are better aware of how to safeguard data.
#7. BYOD threats in any workplace
BYOD threats have been intensified due to the disruption resulting from COVID-19.
The “bring your own device” policy is prevalent in many companies. The BYOD idea allows employees to work from home or office with their machines to simplify things.
The traditional network design and the implicit trust granted to users or devices based on network or system location are rapidly becoming a thing of the past as the office workspace model transitions to a hybrid and full-time remote model.
Several systems in the security field already operate on a zero-trust model (meaning all connections to systems and resources are verified before they are made). Still, the growth in mobile and bring-your-own-device (BYOD) usage and cloud services has sped up the process.
Defining access to enterprise resources is no longer tied to a specific device or location.
#8. Integration and automation in the workplace
As data becomes more and more diverse every day, it is imperative to integrate automation to control it more effectively.
Professionals and engineers are also under pressure to deliver quick and efficient solutions in this chaotic environment, making automation more valuable than ever.
Agile software development incorporates security measures in every phase of the development process. A key concept of software development is the concept of cyber security and automation, both of which are critical to safeguarding complex and large web applications.
#9. Poor cyber practices
It refers to daily actions related to technology use, such as avoiding unprotected WiFi networks and using safeguards such as a VPN or multi-factor authentication.
Unprotected home networks can now access systems with weak passwords, sticky notes are becoming popular passwords in cafes, and people are logging in with their phones, which are much more likely to be lost or stolen.
Businesses and individuals who do not enhance their cybersecurity practices are more at risk now than ever before.
#10. Absence of corporate security training program
As a cybersecurity professional today, you are confronted with attacks that result from exploiting systems that were designed years ago. You must have a solid foundation of technical skills and an understanding of threats.
The systems we create today will likely be exploited tomorrow by cybercriminals. Although it might seem very subtle, an expert who understands this emerging attack will be able to guide a team to reduce its impact.
The foundation you need could prevent you from reacting appropriately to an incident, and you may not be able to do so even if you try.
#11. The situation of social engineering
Cybercriminals still use social engineering as their most dangerous hacking methods, primarily due to human error rather than technical flaws. Humans are easier to fool than computers, making these attacks even more difficult.
Social engineering continues to be a dangerous hacking technique employed by cybercriminals primarily due to its reliance on human error rather than technical flaws.
These attacks are more difficult because it is tough to trick humans-we are much more likely to be tricked than to attack a security system.
Maintaining awareness of cyber threats as they appear can be a challenge. Cyberattacks are a constant threat, with hackers developing new attack strategies faster than companies can develop defenses.
Even the best cybersecurity system can’t guarantee protection against zero-day attacks. But we still can take the preventive measures and somewhat minimize the losses of the organisation.