With the advancement of technology, cyber dangers are getting more severe. Companies’ security leaders must stay ahead of the game by improving cybersecurity systems and procedures.

According to Global Business Insights, the cybersecurity market will be worth $300 billion by 2024. According to an older 2019 Official Annual Cybercrime Report (ACR), at least one company was expected to be targeted by ransomware every 14 seconds in 2020. This is achievable because of the abundance of hacking tools and software available on the dark web for as little as $1.

According to a NETSCOUT research, an IoT device may be easily hacked within the first five minutes of being connected to the internet connection.

Based on these forecasts, businesses should stay up to date on the newest cybersecurity trends and ensure they are ready for the security requirements of the following year. While recharging existing cybersecurity systems for 2022, businesses should think about the most serious dangers for which they must be prepared:

1. Attacks from the clouds

Cloud threats are on the rise, and cloud usage is on the rise as well. Private cloud installations give businesses a little more control, while public multi-tenant cloud installations remain a bigger target for cybercriminals. They’re becoming more efficient by researching how the entire cloud technology works, from infrastructure to defenses, and developing breach techniques in response.

Companies will continue to have hawk-eyes for more visibility and control over their data in both cloud and on-premises systems in the near future. Organizations with sensitive data will begin to put pressure on cloud service providers to implement the same high-level data security measures that they undertake internally. In addition, according to a survey from Security Boulevard, 40% of firms fail to detect insider threats or can only identify them after the data has left the company. As a result, proactive insider threat security programs should be implemented.

2. Armies of botnets

In 2020, botnet armies were expected to become even more prevalent. Though the threat isn’t new, it’s becoming more prevalent as endpoint devices in homes become “connected,” allowing for mass takeover. Several new IoT vendors have entered the market since 2016. This has resulted in far greater dangers than previously. In some ways, this has been good because many industry participants have improved their operations as a result of their previous experiences. As a result, more than ever before, IoT devices will be the site of the attack in the most significant botnets.

When the compromised devices are put together and used to target a single person, they constitute a powerful weapon. Assaults against botnet armies will undoubtedly rise tremendously in 2020, whether they are utilized for computation resources or to perform denial of service attacks.

3. The ransomware named OT

Massive ransomware threats are predicted to hit the Operational Technology (OT) line as well in the upcoming years. These settings are significantly reliant on older technology and infrastructure, and they are not regularly upgraded to meet the most recent security standards.

These networks are often disregarded because they lack obvious weak points, are not connected to the Internet, and do not have a large number of end-users who could be targeted by phishing attempts.

Despite the fact that the research implies a decrease in cyber-attacks, the truth is that hackers are simply using more imaginative tactics to keep the attacks hidden. Instead of focusing simply on computer systems, they’ve expanded their scope to include all operational technology.

As innovation pervades every aspect of human life, cybersecurity is providing the glue that connects the good with the bad, allowing for the use of cutting-edge technology and advances while reducing the dangers associated with older vulnerabilities. The year 2022 will usher in a decade of technological advancement, but businesses must protect their operations in order to benefit from this worldwide shift.

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