7 Cyber Risks to Watch Out For in 2019

by Allen Jame

2018 was an eventful year that brought various security breaches, many of which made headlines. The year proved that even large organizations fall into the hands of hackers. This is why cybersecurity is among the top current internet issues that have been stressing business leaders constantly.

There are a lot of threats to expect in 2019, and if we make the effort to avoid these cybersecurity risks, we can decrease the damage significantly. My list of top 7 cybersecurity risks to avoid is below. What else is on your 2019 list?

CryptoJacking:

The explosive growth of ransomware is a clear indicator that evil organizations will not stop using malware to profit.

Cryptojacking, also referred to as the “crypto mining malware,” uses various methods of first access and smart scripts to stealinformation from the victims. This is a quieter and much more insidious method that works in the background and stealsresources to make profit.

My 2019 prediction: The cryptojacking issue is predicted to increase in 2019 because of the ease of deployment and profitability that it offers.

It will be the base of almost one-third of all the attacks in 2019. Cryptojacking is the cyber threat which increased by 1000% in the first few months of 2018, and this constant game between the hackers and security analyst will continue to grow more and more.

Applicable loss types: Revenue, reputational damage, business interruption, ransom fines.

Example susceptible sectors: Finance, retail, healthcare.

Software Versioning:

Exploitation of software bugs is an old trick, and now the smart hackers are making quick efforts to subvert the software development process. They specifically target the developers for such attacks and due to this, malware has been reported in many open source libraries.

Such opportunities of corruption increase more and more with the complexity of the code.

My 2019 prediction: The reason for this is that the back channels bypass the traditional detection capabilities that are used to prevent external incidents from infecting the network.

Applicable loss types: Business interruption, reputational damage, remediation.

Example susceptible sectors: Financedefense, online retail, IT services.

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