What Are New Cyber Threats and How to Resolve Them

In this increasingly technological world, cyber security is a major concern for 

companies and society as a whole. There has been a large increase in cyber-attacks, specifically, coordinated attacks in the past few years. From the past couple of years, cybercrime has witnessed several technological advancements that have made it easier for criminals to carry out attacks. With the rise of technology, its vulnerabilities have increased too. This is why the role of security is becoming more important.

There are several new forms of cyber threats which are emerging in the current business environment. This blog post will discuss what these new threats are and the solution to Cyber Threats. We’ll also cover the different types of advanced persistent threats that businesses should know about. You’ll also learn how to avoid them or protect your company from the damage they cause!

What are you waiting for? Let’s dive in!

• Vulnerability attacks on Cloud services

Most cyber security professionals are concerned about cloud computing in general because it is so easy to scale up or down. For instance, Microsoft reported that about 20% of corporate employees use Office 365 cloud service. The increase in the number of users provides many opportunities for online crooks, who have grown their efforts to use the cloud to conduct attacks.

They have begun using “Scamming Websites” that are hosted in the cloud. These pretend to be legitimate, known companies that you trust. 

(Source: https://nakedsecurity.sophos.com/wp-content/uploads/sites/2/2019/08/web-app-fake-1200.jpg  )

Once you are on the website, they will ask for personal information. Once you have clicked to submit this information, they have what they need to steal your identity, credit card information, or anything else of value.

How can you avoid this? The solution is to use a Virtual Private Network (VPN) connected from your computer or mobile device directly into the cloud service you are using the internet with. This will encapsulate all of your traffic in a secure tunnel and ensure that it stays safe from online criminals!

• AI-Enhanced Cyberthreats

With the increased reliance on AI in our everyday life, you would think that it would be extremely beneficial in cyber security. However, the opposite has proven to be true.

AI-enhanced threats have surfaced which possess the ability to learn about a company on their own and then use that information against it. Once the company’s information is stolen, the AI-enhanced cyber attacks can learn how to act independently.

AI fuzzing is another threat that emerged from AI being misused. It allows criminals to attack machine learning models, which could result in a breach of the system. Most attackers use such AI-enhanced cyber threats, so it is important to watch such threats.

How can you avoid this? By following a layered approach to security. This is done by having cybersecurity professionals dedicated to monitoring the company’s networks, deploying security patches continuously, and investing in advanced security technology.

This will help safeguard your critical infrastructure against evolving threats. It will also protect your corporate data stored on servers or local devices like laptops and mobile devices.

• Machine Learning enabled attacks.

Machine Learning Poisoning is a new form of cyberattack that is emerging as we speak. The Poisoning process consists of three steps, including hacking, poisoning, and reseeding. Hacking starts by finding out how much sensitive data is stored on the system. Once the data is found, it will be replaced with false information, thanks to poisoning. The hacker can also reseed false information onto other systems to have the same false information as well!

Some examples of Machine Learning Poisoning are:

-Hacking for sensitive data

-Replacing sensitive data with false information

-Replacing any other existing intelligence with intelligence that the attacker wants you to see

How can you avoid this? One common way to avoid Machine Learning Poisoning is by implementing an AI-safety framework. This can be done through data security, intelligence awareness training, and monitoring data for suspicious activity. If one of these methods fails to identify anything suspicious, the company should initiate contact with their IT service provider, who can help provide more monitoring services for their needs.

It would help if you kept an eye on your systems whenever you are online. It would be best to keep an eye on your emails and any other sensitive files stored in your system. Cybercriminals are getting smarter with time, so you have to be too!

• Blockchain-enabled attacks

(Source: https://riskgroupllc.com/wp-content/uploads/Blockchain-Cybersecurity-800-x-580.jpg  )

Smart contracts based primarily on the blockchain are evolving in the cryptocurrency industry. Online attackers have also taken notice of smart contract vulnerabilities. They are looking for bugs in smart contracts that can be used to steal cryptocurrencies. Once these bugs are found, they are exploited to gain access to the system. For example, the vulnerability of the DAO attack resulted in a total loss of $70 million worth of cryptocurrency within a few hours!

It has become very important to secure smart contracts and protect them from potential attacks.  To successfully secure smart contracts, they must be tested for vulnerabilities before deployment, or plans regarding how to resolve Cyber Threats be well thought of beforehand.

These are just a few of the many new potential attacks that businesses need to stay up-to-date with. This is because crooks will pose as “innocent users” and then try to target your data. Therefore, businesses that need to stay updated with the latest trends must implement these new cybersecurity measures.

As always, it’s important to maintain good security habits that will prevent you from getting hacked.

An SSL certificate provides security and privacy to all the user’s sensitive data by encrypting it during the communication between the user web browser and the webserver against an attack targeting your credentials and card data. However, choosing the right kind of SSL cert is equally important.

With a wildcard SSL, you can have a real value for your money as with just one SSL Certificate; you can protect the main root domain along with all the subdomains just one step below the root domain. For this reason, it is very important to install the wildcard SSL for your business. This way, you can protect your crucial information and stop cybercriminals from stealing them. Wondering which one to buy? Try the comodo positive ssl wildcard comes from a reliable CA and at an unbelievably cheap price!

Online Backup for restoring your files if they get corrupted or deleted, and Advanced Endpoint Protection protects against zero-day exploits. To stay safe, employees should be wary of any suspicious email or weblink or file attachment and install security software to protect their phones and computers. Furthermore, avoid clicking malicious links in emails and refrain from opening files that you do not recognize.

In conclusion:

As we can see, Cyber Threats are evolving, and so is the need to protect businesses from them. One could think of it as a roller-coaster ride. But the only way to prevent Cyber Threats is to take precautions, stay updated with newly emerging threats, and be proactive.

The first step that we should take to protect our business against such threats is to educate ourselves about them and then implement various defence mechanisms against them. To prevent cyber threats from infiltrating our systems, we have to be aware of criminals’ various methods. As solid as today’s cybersecurity solutions might seem, they should still be tested and upgraded. After all, this is the only way to keep your sensitive corporate data safe and secure.