| |DECEMBER 20189CIOReview· Ransomware ­ Ransomware was one of the first equal opportu-nity attacks, attacking companies of all sizes. It is a multistage attack, but ransomware encrypts your data and asks for ransom. WannaCry in 2017 was famous for infecting more than 230,000 computers in 150 countries.· CEO Fraud ­ Leverages social engineering sites and spear phish-ing email attacks to impersonate your key executives to get mostly financial gain. · Supply Chain Attacks ­ By corrupting software updates of your operating system, operations and application software, malware is automatically updated into your software. Once downloaded, any at-tack is possible. This attack leverages your "trust" of your vendors and typically is automatically updated on your systems.· Crypto Currency Attacks ­ With the advent of high speed com-puters and blockchain technology, criminals are cryptojacking your servers and computers to create cy-ber currency at your expense. Mean-while, criminals have launched mul-tiple attacks on the crypto currency ecosystem to steal crypto currency.· Cloud Application and Data Center Attacks ­ Faster internet has enabled cloud applications and cloud data centers. Every new ap-plication that moves to the cloud means you are trusting another ven-dor, their software and their secu-rity to protect your data. Users can access cloud applications and your data from anywhere as long as they have the users' credentials. These are the challenges of the cloud enabled world and will lead to a rise in cloud security attacks. As demand for data increases, consumers will become more aware of the threats involved and businesses will have to react accordingly, mak-ing the consumers lives easier. Data which is important needs to be se-cured from the grip of hackers, while at the same time data should not be restricted for end users, just for the fear of being attacked. With so much data out in the open, it is extremely difficult to detect new-generation malware and cyber threats with the existing cyber security protocols. The future ahead So, is Machine learning the sustain-able future for Cyber Security?To adapt over time, new algo-rithms have been using machine learning and these systems come with substantial benefits that would enable professionals in the cyber security field to safeguard an enter-prise. At present, AI is being used most commonly to detect simple threats, and these AI systems will free up a massive amount of time for the cyber security employees. AI has the ability to categorize attacks based on their threat levels, and also identify and mitigate a threat even before it is released in the system. By 2025, AI cyber defense would be about embracing and innovating the partnership between a man and a machine to fight against hackers and solve key cyber security challenges.What does blockchain mean for Cyber Security?This is one of the best tools the in-dustry has against hackers and po-tential frauds; due to its complex na-ture, wherein a hacker would have to take down an entire global network (which is next to impossible) in order to access data. Hence, block-chain technology has the ability to be the most secure form of storing and sharing information online. That's why innovators have begun applying the technology in different sectors to prevent fraud and increase protection of data.Defining the future of cyber se-curity and evaluating its impact and relevance in future technology trends is a complex and error-inclined task but a compulsory one. Organiza-tions need to invest both money and time to safeguard from threat prac-tices. To maintain cyber security, it's a very exhausting and consistent task, which requires ample prepara-tion, solution implementation, and specialist assistance to control dam-age and recover from the breach. Specific cyber threats and vul-nerabilities which concern organi-zations need to be identified and responded to even before the attack happens. This would not only pre-vent any sort of breach but would ensure that protective efforts are proportionate with the risks. Im-plementing a comprehensive cyber security program leverages the best practices to protect systems and de-tect potential problems. Rather than implementing a checklist of compli-ance requirements it is always bet-ter to manage the cyber risks at an acceptable level.
< Page 8 | Page 10 >