6 Top Information Security Risks to Know in 2019

6 Top Information Security Risks to Know in 2019

6 Top Information Security Risks to Know in 2019 by Gilad David Maayan, Technology Writer at Agile SEO In the 20th century, a wave of technological advancement changed the global economy. The rise of the digital revolution pushed industrialism aside while the world became connected. Humankind shifted to higher levels of connectivity—from offline to online, from phone to smartphone, from local to the cloud, and from private to sharing—creating a ripple across the world that demanded greater and better and more innovative technologies. In the dawn of the digital revolution, hackers were born. They roam the technology sphere like gunslingers in the wild wild west. They hack systems, hold data for ransom, inject malware, and crash networks. Attacks usually occur when there’s something to gain and something to exploit, and the Internet has been providing hackers with vulnerable treasures since 1990. For the past decade, technology experts ranked data breaches among the most dangerous information security risks. While data breach attacks remain a threat, the Fourth Industrial Revolution (4IR), which fuses technologies into cyber-physical systems, introduces risks that to date, have only existed in the imagination of science fiction authors. Every year the Information Security Forum (ISF) — a nonprofit organization dedicated to the research and analysis of security risks — releases a report called Threat Horizon that outlines the most pressing security threats. The 2019 report contains security risks that illustrate the importance, if not urgency, of updating cybersecurity measures fit for 4IR technologies. Risk #1: Ransomware attacks on the Internet of Things (IoT) devices The Horizon Threat report warns that over-reliance on fragile connectivity may lead to disruption. Vulnerabilities in Internet networks, smart devices, and poor security regulations expose companies to attacks. Analysis by Gartner estimates that more than 26 billion IoT devices, which rely on connectivity, will be deployed by 2020. The IST report warns that IoT devices can be used as gateways to inject ransomware on connected devices and systems. Ransomware attacks encrypt the victim’s data and demand payment for the encryption key. As more industries adopt IoT technologies, the consequences of ransomware attacks on IoT devices could incur expensive repair expenses, loss of authority due to data loss, and mortal fatalities due to compromised medical systems and vehicle components. How to prevent ransomware attacks on IoT The nature of IoT technologies requires a cohesive security infrastructure that integrates manufacturer security protocols with company-based cybersecurity and proper private use standards. Incorporate anti-ransomware capabilities into the security solution and initiate regular updates to mitigate vulnerabilities in devices and operating system. Risk #2: AI-powered chatbots manipulate information While the information age has provided people with opportunities and tools for growth through online education and interactive learning, it has also given birth to “fake news”. Information impacts every aspect of a company, from decision making, recruitment procedures, business and product development, marketing and promotion, and share price. When trust in the integrity of information is lost to distortion, companies may face dire consequences. The ISF report predicts that […]

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