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Cybersecurity Predictions for Year 2020

According to a Malwarebytes report, Singapore ransomware detection against businesses in the last year have risen up 81%. Ransomware attacks on businesses and governments will continue at a more rapid pace, thanks to newly found vulnerabilities. In 2019, more malware developed to focus on business targets as opposed to the consumer as compared to last year, where 235% increase in threats aimed at organizations from enterprises to small businesses, with ransomware as a major contributor.

“Healthcare organisations will continue to be hot targets for threat actors, given the sensitivity of the data held by these organisations. Healthcare is currently the seventh-most targeted industry by cybercriminals according to data from Malwarebytes, and this highlights the growing threat and reason for increased concern about healthcare security as we move into 2020″ said Jeff Hurmuses, Area Vice President and Managing Director, Asia Pacific at Malwarebytes

There will be an increased use of DeepFake technology for malicious purposes. For example, scammers and malware authors will attempt to sabotage electoral candidates or politicians by spreading falsehoods. There may be more incidents like the controversial video of a Malaysian Minister. Regardless of the tactics for scamming, the real threat will be the attacks on our hearts and minds through social media and media manipulation.

Web skimmers will broaden their impact by going after more e-commerce platforms. Looking at web skimming activity, we see that there is no target too big to take on and that no platform will be spared. As long as there is data to be stolen, criminals will put the effort to either compromise online merchants directly or indirectly, as seen from the Uniqlo breach and Sephora breach earlier this year that saw over 460,000 and 3.7 million leaked records respectively.

With public exploits on IoT devices, such as the HIV patient data leak, more regulators will strengthen their position on IoT security. Industries will also start coming together in an effort to create standards for securing IoT devices in their industry, such as device manufacturers who can include cyber-security measures together with their general safety protocols. For many of them, this is an attempt to avoid regulation as their premiums will be built into their pricing, and their customers will have to pay a lot more for everyday connected household items