10 Common Cybersecurity Threats of 2020

Cybercrimes is a phenomenon that plagues both multi-million dollar corporations and private individuals alike. Yearly, the estimation of the loss to cybercriminals and hackers run into millions. In 2020, the nature and frequency of these attacks have increased in sophistication. Hence, everyone needs to pay attention to cybersecurity. One way of staying ahead of these elements is by gathering knowledge on the subject. In this article, we show you 10 common cybersecurity threats to be aware of in 2020.

Most Common Cybersecurity Threats to be Aware of

Here is the 10 common cybersecurity threats to be aware of in 2020.

1. Deepfakes

Deepfakes is a term that comprises two words: ‘deep learning’ and ‘fake’. Deepfakes occur when artificial intelligence is used to create fake images and sounds. In this instance, criminals use technology to accumulate and study data relating to a person. Thus, these programs study speech patterns, facial and body expressions. Afterward, they would be manipulated to give the appearance of being real. Here, an activity that did not happen is simulated, giving the appearance of being authentic. Unsuspecting individuals are then tricked using these videos and sometimes audio creations.

2. Ransomware

Ransomware involves a third party locking someone out of their computer system in exchange for a ransom. The payment can be in any form. Ransomware can infiltrate a computer system through phishing emails. When you click on any link containing such malware, the ransomware gets transferred to your device. Ransomware may also affect your device when you visit an infected website.

3. Cryptojacking

Cryptojacking is a form of cyberthreat that has gained prominence because of the popularity of cryptocurrencies. In cryptojacking, the hacker hijacks a person’s personal or work device to mine cryptocoins with it.  Sometimes, hackers engage in cryptojacking to make use of free computer processing power. Cryptojacking demands a lot of processing power from the computer. Thus, hackers could typically piggybank on a third party’s system. It is usually costly tracking down and effectively shutting down cryptomining operations.

4. Insider Threats

There are cyberthreats that are internal to the organization. These kinds of threats do not result from malicious intent from an outside source. Rather, they emanate from the negligence of employees. To take care of this, organizations need to be on high alert concerning common cyberthreats. Measures include monitoring of unauthorized downloads, vetting of apps before downloads, and prohibitions of connections to public networks.

5. Malware

Malware is a broad term used to refer to cyberthreats. It refers to any software that aims at disrupting or destabilizing a computer system. Malware can be designed for several functions. They could either steal data, corrupt files or hijack the computer functions. The nature of the malware determines the action it performs on your device. Malware includes viruses, Trojan horses, etc.

6. Synthetic Identities

Here, scammers make use of a mixture of real and fake materials to deceive individuals. The combination is used to create the illusion of a real person. For instance, in creating a synthetic identity, a criminal may use an authentic address, including the legitimate Social Security Number associated with the address and even the appropriate birthdates. However, every other aspect of the identity will be false. This process seems quite efficient and effective because of how legitimate it appears.

7. The Internet of Things

The Internet of Things presents immense benefits for internet users at the moment. It enhances the interconnectivity of devices, ranging from cell phones, laptops, and even smart TVs. This has improved communication, made business interactions easier, amongst other benefits, etc. However, this interconnectedness comes with unique and immediate threats. Thus, it is important for you to have a strong cybersecurity strategy before upgrading to devices that make use of the Internet of Things technology.

8. Vehicle Cyberthreats

For hackers, the ability of vehicles to connect to the internet provides unprecedented opportunities for hacks. These cybercriminals could exploit loopholes in security systems in these connections. The harms that could result include loss of privacy, in addition to accidents occurring as a result of loose security systems.

9. AI-powered Attacks

This refers to every form of cyberthreat that arises from Artificial Intelligence. Hackers typically create programs that mimic human behaviors. These programs can then be used to trick people into giving up sensitive information.

10. Phishing

Phishing is a form of social engineering attack. When phishing occurs, a hacker tricks someone into providing sensitive information by posing to be someone they know. Phishing has become such a huge deal in today’s world because of our reliance on electronic modes of messaging. This explains why one popular process through which phishing attacks occur is through email messaging.

Conclusion

Cyberthreats are real. They exist in different forms and cause unquantified damages in some cases. The first step to guarding against them is through learning what they are and the forms they come in. In the discussion above, you will find a thorough discussion of some of the most popular cyberthreats in 2020.