Top 5 Cyber Security Risks in 2020

Cyber Security Risks in 2020

Cyber risk is a big issue in this digital era. Cyber-attacks may cause many harms, such as electrical blackouts, violations of national security secrets, breakdown of military equipment, etc. These may result in theft of important and sensitive data.

Making data unavailable, these may disrupt phones and computer network, and cripple the whole system. We can say that our life, as we know it, may be affected by these cyber security risks.

You must be aware of topmost 5 Cyber Threats of 2020. These are –

  • Phishing
  • Malware & Ransomware
  • Hacking or Data Breaches
  • Credential stuffing
  • Man-In-The-Middle (MITM) Attack

 

Phishing

Phishing became one of the most common cyber-attacks because of huge human interaction through electronic communications. Phishing happens through e-mails and malicious websites.

In most cases, internet users trapped by believing that the page in front of them is of a trustworthy company or firm. Also, people unknowingly click on phisy emails and end up giving away precious data.

SOLUTIONS:

  • User training is necessary to identify the source of suspected phisy emails and websites.
  • Avoid sharing important information to unknown websites
  • Maintain the security of the device with strong validating authorization.
  • Frequently checking is needed in order to prevent phishing.

 

Malware and Ransomware:

Malware is a short form of malicious software. It is the superset of all possible software like viruses, trojans, spyware that can cause harm to our computing systems and cause a breakdown.

Ransomware, on the other hand, is a type of malware that is related to ransom as the name suggests. Ransomware occurs in strange extension files (.zzz,.xxx, etc.) through our emails, and on clicking they encrypt user data.

The encrypted user data can only be recovered by paying money in an untraceable currency like bitcoin to the hacker.

          SOLUTIONS:

  • Avoid opening extension files from unknown email ids and pop-up windows.
  • Must use antivirus to protect and block unknown unauthorized files to download.
  • Keep a backup of all files to recover data from malware attacks.
  • Users should not be allowed to access data without proper administration.

 

Hacking or Data Breaches:

Data Breaches occur when sensitive data or information is accessed by cyber hackers without the knowledge of the owner or organization. This happens when hackers remotely control or access owner data and use them to fulfill destructive causes.

Hackers often attack sensitive information centers like banks, stock exchange, national security centers, etc. Hacking is an all-time cyber security risks.

SOLUTIONS:

  • Proper firewall and security systems should be installed and maintained.
  • The user account passwords should be changed frequently.
  • Only information which are needed should be kept. No personal information to be shared.
  • Employees must be educated regarding security usage.

 

Credential Stuffing:

Credential stuffing is done by hackers through stuffing a huge amount of user credential data on a server and automates the login process.

Basically, due to human practice of using repeating passwords often hackers use passwords of one website to crack the user password on another website.

The multi-server IP login also prevents the website from detecting multiple logins.

SOLUTIONS:

  • Proper password management is necessary so that users often change passwords.
  • Password policy rules should be more stringent.
  • Multi-Factor authentication must be implemented to protect it from hacking.
  • Taking Email Id as login credentials should be avoided.

 

Man-In-The-Middle (MITM) Attack:-

This is a kind of attack when your communication with another party is controlled by a third person i.e. the hacker. Normally when we interact with HTTP based web browsers the request or data is sent via our internet service provider to the target.

Now if a hacker can set up a bridge between this by hacking the wifi or internet service he/she can steal hell lot of data in a very short span of time.

SOLUTIONS:

  • Avoid using HTTP based protocol and try using the HTTPS protocol.

 

2020 will undoubtedly be the year of great change in technology. To enjoy the fruits of these modern technologies, we should remember to stay safe.

We can apply best practices, such as choosing two-factor authentication and using hard-to-crack passwords.

Also, it is essential to have comprehensive security software for PC and mobile. It can protect us from these cyber threats.

If you got victimize of consult cyber security expert now! Be safe and secure!

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