Like so many other things in this world, the cybersecurity landscape and the threats faced by both individuals and organizations are constantly shifting. 

More than just figuring out the best way to protect against ransomware attacks, there are many other rising threats that need to be considered in 2020 and beyond. 

Here’s a quick look at the top cybersecurity threats of 2020:

 

Cloud Jacking

2019 saw a large number of businesses and organizations move to using cloud storage and cloud backup. And while there are many obvious advantages to using cloud backup services, it can create its own set of vulnerabilities. 

Occasionally, third-party cloud providers have been subject to hacks to their servers, putting any data stored there completely at risk. 

As more and more businesses migrate to cloud backup solutions, cloud jacking will become more and more common. 

What is likely to happen is an entire shift towards greater cloud security. As hackers grow in sophistication, so too will the security apparatuses at play. 

 

Phishing Attacks

We’ve all seen the emails or received the text messages. And while phishing isn’t a new cybersecurity threat, it is going to remain a prevalent one. 

Phishing attacks are shockingly effective and because of this high success rate, they are not likely to disappear any time soon. 

When it comes to protecting against these types of attacks, data protection and security are of the utmost importance. People never intend to fall victim to a phishing attack but one employee or staff member clicking on the wrong link and it compromises all the data in your system. 

 

Emerging Technologies

Technologies like artificial intelligence, machine learning, 5G, are going to become even more prevalent in 2020 and will impact the cybersecurity space.

The wide adoption of AI will pose security risks as the algorithmic biases can produce blind spots in security infrastructures. 

5G poses similar risks as a greater bandwidth means greater opportunities for hackers and bad actors to establish wider and more powerful attacks. The growth of 5G networks will lead to more connected internet of things devices, creating several weak links. 

In the year ahead, it will become increasingly important to consider data protection and focus on securing networks from as many angles as possible. 

 

Connected Internet of Things Devices

The internet of things (IoT) market is going to continue to expand over the next decade. In fact, the industry is predicted to reach $1.1 trillion by 2026

With things like smart devices, smart appliances, smart home security systems, and autonomous vehicles, more and more facets of human life are connected to the internet. An increased level of connection leads to an increased number of opportunities to access your data. 

It’s simple: the more devices that are connected to the internet, the more points of entry a malicious actor has to your personal and professional data. Hackers have become particularly good at accessing corporate networks through unsecured connected devices. 

 

State-Sponsored Attacks

Increasingly, nation-states are using cyberattacks to infiltrate the critical infrastructure of other governments. 

These sorts of attacks will target government-run systems but also those of the private sector. Remember the Sony Pictures hack in 2014? That attack was carried out by a hacker that was believed to be working for the North Korean government. 

Beyond data theft, these attacks may also include political interference. As seen with the 2016 election in the United States and to a lesser extent the 2019 election in Canada, disinformation campaigns perpetrated by foreign governments have been employed in an attempt to sway public opinion. 

With another US election taking place this year, it is certain that electoral interference will once again be a focus. The interference is likely to include the above mentioned disinformation campaigns but also attacks on election infrastructure. 

 

Cyber-Physical Attacks

Advancements in technology have allowed us to modernize infrastructure. Unfortunately, these modernizations also bring with them a set of risks. 

The real threats are hacks to electrical grids, transportation systems, and critical facilities like water treatment plants and even military systems.

In 2018, the New York Times reported that military weapons systems are at risk from hackers and it is likely to remain an ongoing security battle in 2020. 

 

Smart Medical Devices and Medical Records

In the medical industry, many patient records are stored online and advancements in smart medical technology have allowed doctors to access a greater degree of information about their patients. 

But, this also means hackers have a greater opportunity to access this treasure trove of incredibly personal data. The industry is still adapting to these technologies and this means there may be vulnerabilities in the system.  

It is clear from these cybersecurity threats that data protection will be paramount in 2020. No matter your industry, it is critical to have a cloud backup solution that can protect your data and offer data recovery should your system be compromised in some way.  

Don’t spend your time feeling panic and dread, prepare yourself by choosing a Canadian online backup like Mastermind Backup Solutions to protect your data and keep your business safe.