Cybercriminals have benefited greatly from the new world we’ve found ourselves in since the global pandemic struck in 2020.
Phishers, hackers, scammers, and extortionists have plenty of chances thanks to homeworking, society’s ongoing digitization, and the more online structure of our lives. Unfortunately, there is no evidence of this slowing down as we approach 2022. This is why it is critical for individuals and organizations to be aware of the ever-increasing attack vectors as well as what can be done to reduce the dangers!
While the covid-19 outbreak threw workplaces into chaos and ushered in rapid digital transformation, the chaos surrounding cybercrime has stayed constant: attackers are constantly modifying strategies to avoid detection. To keep enterprises secure and confident against cyberattacks, flexible, customer-first solutions have arisen to meet ever-changing conditions. Cybersecurity forecasts are emerging in the new year and beyond, as technology and workplace trends shift and laws and regulations change.
In 2022, enterprise cybersecurity spending is likely to remain stable, according to surveys showing that nearly all CISOs will see their budgets increase or remain flat in the new year—only a small percentage of security chiefs will see their budgets decrease.
According to CSO’s 2021 Security Priorities Study, 44 percent of security leaders expect their budgets to rise in the next 12 months, a little increase over the 41 percent who saw their budgets rise in 2021 over 2020. Over the next 12 months, 54% of respondents say they expect their budgets to remain the same. Only 2% predict a decrease, which is substantially lower than the 6% who saw their expenditure fall from 2020 to 2021.
When it comes to cybersecurity readiness, the question isn’t “if,” but rather “when.” This highlights the essential need for enterprises to raise cybersecurity knowledge and education in order to better prepare for an unavoidable cybersecurity incident.
As we are in 2022, here are the top cybersecurity trends we believe are worth watching, as well as how you can prepare your company to be ready for these attacks.
Cybercriminals will continue to utilize tried and tested tactics to get access, such as phishing emails, unsecured secrets, and exploiting known holes, but they will also look into emerging technologies like Java, Adobe Flash, and WebLogic.
By going to the source of an enterprise’s infrastructure, cybercriminals will replicate the DevSecOps “shift left” technique. More hostile actors will attack supply chains, Kubernetes environments, and infrastructure as code (IaC) deployments using DevOps tools and pipelines.
Because developers’ tokens and passwords are the keys to an organization’s operations, attackers can stay under the radar while infiltrating various layers of an enterprise’s network by utilizing their credentials.
Ransomware, perhaps one of the most widely publicized security threats of 2021, caused havoc on businesses of all kinds. Small and medium-sized businesses (SMBs) were attacked by ransomware as a service (RaaS) groups, while enterprises were targeted for significant payouts.
Ransomware will, unfortunately, continue to grow and become more common. We expect two trends to emerge: (1) modern ransomware will become more targeted and prominent, and (2) ransomware operators will employ more sophisticated extortion strategies, such as data exfiltration to weaponize it.
Commonly utilized attack vectors such as VPNs, spear-phishing emails, and open RDP ports will continue to be employed, but as more firms shift their data to the cloud, we expect the cloud to become a bigger target. Because of the expanded attack surface from less-secure homeworking environments, cloud and data center workloads will be the major playground for ransomware actors.
Compromising the connected car
As cyber criminals move beyond stealing IoT devices and cash in on the goldmine of data supplied by connected cars via cameras, lasers, and other sensors, the automotive industry will see an increase in targeted attacks. According to Forbes, the demand for smart car data will be worth between US$450 and US$750 billion by 2030; therefore, malicious actors are prepared to earn handsomely from the expanding connected auto industry.
5G Opens Up New Cybersecurity Opportunities and Vulnerabilities
The 5G network is still being rolled out, and a substantial number of businesses now have access to the most recent cellular network technology.
The technology’s faster speeds and enhanced connectivity may drive more IoT devices and other solutions that rely on mobile networks rather than Wi-Fi or conventional connections.
This transition will almost certainly have an impact on cybersecurity. Despite advancements in IoT security over the last few years, IoT devices are typically difficult to secure. Adding new devices to a company’s security perimeter, such as smart monitors and sensors, usually leads to new cybersecurity challenges.
Businesses that use 5G in 2022 may need new cybersecurity techniques to keep their networks safe.
Attacks on supply chains are on the rise
Supply chain attacks will be particularly common, as continuous economic shortages and disruptions will provide opportunities for bad actors to blackmail targets in exchange for large sums of money. We expect access-as-a-service (AaaS) brokers will be particularly interested in gaining residence and selling it to the highest bidder.
Next, keep an eye out for the quadruple extortion approach, which involves retaining the victim’s sensitive data, threatening to leak and publicize the breach, threatening to target their customers, and attacking the victim’s supply chain or partner vendors.
Phishing and social engineering continue to be major issues
Social engineering tactics, such as phishing attempts, will continue to cause problems for businesses in 2022. Employees who are unable to recognize a phish may unintentionally expose their company’s networks to hackers.
Businesses may educate their personnel on security best practices and reduce the effectiveness of these assaults by investing in security training and anti-phishing systems.
Mobile phones are used as attack vectors
Mobile devices are used by many end-users to access e-commerce software and other online platforms. As a result, cybercriminals are focusing their efforts on mobile devices in order to target these users.
In 2019, 93 percent of all mobile transactions in 20 countries were blocked as fraudulent according to a report on the state of malware and mobile ad fraud released by Upstream. In 2022, businesses and cybersecurity specialists will continue to face challenges from fraud, which is mostly driven by harmful apps.
The Human Aspect
Humans are always the weakest link in every organization. Humans pose the greatest danger to enterprises, from failing to patch systems or remediate vulnerabilities to falling prey to phishing scams. This is why employee training is so important for a company’s cybersecurity initiatives.
In fact, according to a joint research conducted by Stanford University, Professor Jeff Hancock and the security firm Tessian, 88 percent of data breaches are the results of staff errors. And threat actors are well aware of this, which is why they recycle existing attacks against new targets. The truth is that it makes little difference whether you utilize the most expensive security solutions on the market. They must still be installed appropriately and kept up to date, a task that many businesses underestimate or overlook entirely.
When there is no immediate threat, putting cybersecurity on the backburner puts businesses in a difficult position. Even missing one update can expose a company to a number of vulnerabilities that develop in complexity and size over time, exposing it to a variety of harmful threats, including ransomware. Expect to see an increase in employee education programs in 2022 to raise awareness about user mistakes, which can unwittingly cause havoc for a company.
Keeping Your Company Safe
According to a recent Ponemon Institute survey, repeat offenders were responsible for roughly half of all cyberattacks that caused substantial business damage. And 61% of those that were hacked stated they were unable to fix the problem, putting crucial systems and data at risk.
Increased visibility of the threat surface is required to effectively prepare your organization against the possibility of cyberattacks. This gives you visibility into what vulnerabilities you have and allows you to address them quickly to improve your overall security.
Consider using an approved framework, such as NIST, to develop robust cybersecurity controls to help manage and decrease cybersecurity risk to set your company up for success. Furthermore, MITRE’s D3FEND platform assists organizations in gaining insight into how others have been hacked, allowing them to spot threat patterns before they are attacked. This also allows companies to gain a better grasp of their own overall security.
It goes a long way to stay on top of the growing threat landscape, from raising an understanding of the types of conventional cyberattacks to better training your personnel about the types of dangers that exist. However, raising awareness and developing strategies around multiple frameworks are only the beginning; businesses must also test those plans to ensure that the people and systems in place are performing as expected. Vulnerability assessment, social engineering, and ransomware preparedness services are all services that can assist companies in taking a proactive approach to cybersecurity.