The estimated cost of cyber crimes across the globe will reach up to $6 trillion a year by 2021, according to Cybersecurity Ventures. The year 2020 has been an crazy and unusual ride with Australian huge Bushfires, a COVID-19 global pandemic, and political tensions. On top of that, everyday new headlines of new cyber attacks on firms around the world have cost huge financial loss. Some top six cybersecurity threats for 2020 are given below:
The 21st century photo shopping the video, photo, and audio to trick people is known as Deepfakes. It is the combination of two words, “deep learning” and “fake”. The artificial intelligence technology creates fake images and audio that appears real.
Most of the politicians, celebrities and great leaders have been the victim of the Deepfakes and causing them to pay the price.
2. Synthetic identifies
To build a credit profile to apply for credit cards and to open a new bank account, frauds use a combination of real and fabricated information or sometimes by using entirely fictitious information. Synthetic identifies have been emerging as a major fraud activity over the past seven years and the growth of the synthetic identifies has a particular impact on children’s identities. As the study shows that the children’s SSN is 51times more likely to use than the adult’s SSN. The consequence, when the children will apply for financial aid when they start going to college, it will be a huge problem for them.
3. AI-Powered Cyberattacks
To understand and learn human behavior, hackers use Artificial Intelligence to trick people into giving up their personal or financial information. AI is highly sophisticated malware and financially motivated. The consequence of such AI-Powered Cyberattacks could be highly destructive and life-threatening.
4. Disinformation in social media
Fake news is considered as disinformation and it is mostly spread through Facebook and Twitter platforms to brainwash people’s minds. The fake news stories and inaccurate information are delivered to the public by using social media to persuade people, often voters to take certain actions.
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5. Vehicle Cyberattacks
As the demand for the connected-cars is rising and costumers have been buying those connected-cars. It was reported than more than 150 times the connected-cars were attacked by hackers. With the two motives of hacking the vehicle; a data breach and stealing the car by getting into the system. In addition, vehicle cyberattacks are more serious as they could be life-threatening too.
6. Cloud Jacking
This form of cyber attacks in which hackers infiltrate the programs and system of businesses which are stored in the cloud, and use these resources for cryptocurrency.
Cloud Jacking could put the company into jeopardy based on what information has been stolen by the hacker. The company may lose its reputation and integrity could be destroyed. Also, the company could face legal penalties for sensitive data leaks.
There are other cybersecurity threats for 2020 including Election Security, ransomware attacks on the public sector, breaches in hospitals, and medical networks. Therefore, with a lot of things going outside the cyber world, all individuals, private sectors, and public sectors should also make sure to take preventive measures and should always ready with the incident response team.