FACING THE 10 DEADLIEST CYBER SECURITY CHALLENGES LIKE A PRO

Ever since technology has experienced unprecedented advancements, it is time to look deeper into the threats that it faces. Cybersecurity has been the target of hackers and malicious web intruders. This is why stringent action needs to be in place for every business corporation in order to secure their digital processes. This is where a cybersecurity specialist plays its part. The futuristic cybersecurity skills earned by them; could result in heightened security levels in the digital landscape of organizations.

With the expanse of cyberspace expanding with every passing year, the concern about threats also rises in the same proportion. Cybersecurity Ventures revealed that the cost of cybercrime is predicted to grow to USD 10.5 trillion by 2025. Adding to the concern, cybersecurity is estimated to cause a whopping USD 8 trillion in damages by the end of this year. Isn’t that a massive number to be concerned about the growing cyber threat scenario?

Let us take a deep dive into the world of cybersecurity and the threats that endanger the flourishing future.

What is Cybersecurity?

As the name suggests, Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks. These attacks are aimed at accessing, changing, or destroying sensitive information; extorting money from users via ransomware, or interrupting normal business processes.

How fast are cyberattacks growing?

Believing the State of Application Security Report by Indusface; over 500 million cyberattacks were blocked in Q1 2023 out of a billion attacks globally. It is a grave situation to counter these cyberattacks like a pro with some of the best cybersecurity certifications from global certification leaders. It is time to conquer the cybersecurity landscape with a thriving cybersecurity career in the vision.

Is Cybersecurity a growing market?

Indeed! Did you know that the cyber attacks' market volume annual growth rate through 2028 is expected to reach a staggering USD 256.50 billion (As per embroker.com)? Yes, you read that right! The ones questioning the growth magnitude of this industry are shut out by this massive prediction.

Top 10 Cybersecurity Threats Looming in the Future:

1. DEEPFAKE DANGERS

This has become a big-time gate crasher at the pedestal of the cybercrime league. Deepfake attacks not only dismantle the entire foray of an individual; but also betray the entire labour and hard work of the victim. Deepfake videos have been a rage and the prevalence of deepfakes across the media landscapes and social media has sharply increased over the last decade. The Global Deepfake Software Market size is expected to touch the whopper mark of millions of USD by 2028 (as per LinkedIn). The major regions impacted around the world include North America, Europe, Asia-Pacific, South America, Middle-East and Africa. As per Regula, 37% of organizations have already experienced deepfake voice fraud, and 29% have fallen prey to deepfake videos.

2. RANSOMWARE

Ransomware is a malicious software that hits the computer and the data thus stored. It revokes your access to your own data by locking the device itself or encrypting the files stored on it. Unfortunately, paying the ransom does not always ensure that access will be granted as the victim loses their money in the entire deal. The number of ransomware attacks per year is around 620.5 million, and it is predicted that the cost borne by its victims will touch USD 265 billion annually by 2031 (as per Astra Security).

3. CLOUD ATTACKS

Cloud cyber attacks involve malicious activities targeting an off-site service platform that offers storage, computing, or hosting services through cloud infrastructure. Resmo highlights out of 27% of businesses, 23% of security breaches were due to cloud infrastructure’s security misconfigurations.

4. PHISHING ATTACKS

Techopedia reflects around 83% of companies experience phishing attacks each year. That is a matter of concern as phishing frequently pilfers personal information including usernames, passwords, and credit card numbers.

5. IoT ATTACKS

Several Internet of Things devices are breached to gain access to confidential data and information; that usually involves installing malware on a device, or corrupting confidential data of the business.

6. PROACTIVE PROTOCOLS

It is critical for protocols to be more proactive, adopting strategies centered around incident response and risk mitigation.

7. WIPERS AND DESTRUCTIVE MALWARE

Instead of breaching information or demanding a ransom for its return, wipers delete the data entirely. They have regained strength over the recent period of the Russia-Ukraine War.

8. MOBILE ATTACKS

With the widespread usage of mobile devices, mobile malware has emerged as a surmounting threat. They get inflicted via fake apps to cracked and custom versions of legitimate apps.

9. TOOLS WEAPONIZATION

Crossing over the thin demarcation between the legal penetration and system administration tools/ malware could be hazardous. It is essential to leverage built-in features and legitimate tools to decrease detection probability and increase success rate.

10. SUPPLY CHAIN ZERO-DAY VULNERABILITIES

Impacting corporate security opaquely, zero-day attacks and vulnerabilities penetrate due to a lack of full visibility into the third-party open-source application usage code.

Quick Ways to Counter Staggering Cyber-Attacks Scenario:

• Consolidating Security
• Employee Training Initiatives
• Preventive Security
• Complying with Global standards of security such as SOC2 and ISO 27001
• Regular Internal Audits
• Restricting Unauthorized downloads
• Comprehensive Protection

Can a certified cybersecurity professional help resolve the grim situation of cyberattacks?

Securing the digital landscape and feeling overwhelmed with the humungous cybersecurity challenges, it is essential to power up your cyber expertise with credible cybersecurity certifications that allow your personnel to deploy effective result-oriented tactics and strategies to counter any uncalled-for attacks. The time is now to act wisely and take the leap in the cybersecurity world with a portfolio leveled up with quality cybersecurity credentials.