If the state of cybercrime doesn’t have your guard up already, a new report from Forrester is filled with several predictions that could change that.
Forrester’s report, Predictions 2020: Cybersecurity, outlines several challenging factors that are primed to converge over the next year, and that could lead to disastrous results. As the importance of data to enterprise efforts grows, so too does the potential fallout from an organizational data breach. Meanwhile, the Internet of Things (IoT) and other emerging technologies are increasing the attack surface, often with insufficient security controls in place.
On top of that, cybercriminals have begun adopting artificial intelligence and machine learning tools. Worse, they are proving themselves able to do so more quickly than security teams can.
In short: Attackers with better tools are getting more opportunities to nab data of greater value.
How Weaponized Data Will Emerge in 2020
According to the firm’s predictions, ransomware aimed at device manufacturers is likely to surge. Expect attackers to burden device makers to unlock users’ compromised devices.
Even more troubling will be a trend of “deepfakes,” whereby cybercriminals trick consumers with natural language generation and AI-assisted video. Already, these tactics have been used in disinformation campaigns to manipulate political results. The cost that businesses will bear from such incidents, the report claims, will be around a quarter of a billion dollars.
Treasure troves of consumer data will be weaponized in other ways, Forrester predicts. Foreign powers and ethically lacking companies have already engaged in acquisitions and mergers that circumvent data policies and government protections. The sensitive information these entities collect can be used for espionage, fraud and other nefarious purposes.
Forrester expects a consumer revolt to grow in this environment of weaponized data. A market for anti-surveillance consumer products will expand. And organizations will see increased expectations around privacy and security protections.
If your company is preparing for the cybersecurity challenges of 2020 and beyond, Lunarline can help. Our managed security services can help smaller companies leverage the power of a full-scale SOC. That will give your customers and employees the confidence they need in a cybersecurity effort.
For more information on our managed security and other services, contact Lunarline today.