2017 was an awful year for cybersecurity
Ransomware, state-sponsored cyber attacks, and phishing scams remained the top cybercrimes in 2017. What does this hold in store for 2018?
This year too doesn’t seem to be good for cybersecurity. In 2018, cyber attacks will be bigger and severe, hackers will use sophisticated methods, and without robust cybersecurity in place, your business may experience costly cyber attacks.
Here’re our predictions for 2018:
1. Many Companies Will Fail to Meet GDPR Compliance
Many US corporations that are required to meet the EU’s General Data Protection Regulation (GDPR) will not be able to meet the compliance standards within the deadline. It is pertinent to mention here that May 25 is the deadline for the companies to satisfy the authority regarding compliance. And the bad news is that the companies seem to be very far from the deadline.
2. GDPR Will Take Strict Action Against Some Companies
This year, the GDPR is all set to make an example of some companies that trigger data breach of within the EU. It is expected that the authority will first take action against an EU company. There are also people who say US companies will be the prime targets, including Apple, Google, Facebook, etc.
3. The Password-Only Authentication Will See a Drop
Given the cyber attacks of 2017, people are now waking up and questioning their online security. In 2018, most consumers will be aware of password alternatives and improvements like MFA and RBA. Companies must allow consumers to use stronger authentication methods and not just rely on passwords. While some companies are reluctant when it comes to implementing enhanced authentication methods, it would damage their user experience and trigger cyber attacks.
4. State-Sponsored Attacks Will See a Boost
State-sponsored cyber attacks were rampant in 2017, and the year 2018 doesn’t seem to be any good in this regard. It is predicted that state-sponsored attacks will witness a spike in 2018. The prime targets of this type of attack will include power grids, communication grids, sensitive infrastructures, government organizations and departments, and political affairs.
5. IoT Attacks Will Surge
While the Internet of Things (IoT) has made life more comfortable, it has also exposed us to cybersecurity risks. With millions of connected devices available, majorities have poor or no security. Hackers can easily steal information from IoT devices by using botnets kits like Andromeda.