2018’s Most Dangerous Cyber Threats| -CyberLuC

2018’s Most Dangerous Cyber Threats

The year 2017 witnessed some of the biggest cyber attacks of all times. This includes WannaCry Cyber Attack propelled by North Korea targeting more than 250,000 computers worldwide, NotPetya cyber attack on companies operating in Ukraine & Russia and the much-publicized Equifax data breach which even led to the resignation of the CEO after data of more than 143 million US Citizens was found to be compromised.

And according to Gartner, Information security spending is said to reach $86.4 billion by the end of 2017 and will probably cross the $110 billion mark by the end of next year.

2018 is a new year, and with it come newer, more advanced cyber threats. A growing set of efforts against individuals, businesses, and international security, cyber-attacks threaten systems and devices that people use every day, from smartphones to the websites you check before bed every night, to your work computer. Cyber threats have a variety of aims, depending on the attacker. Some intend to steal your passwords or other private data. More ambitious attacks are generated to steal intellectual property and other sensitive information. Meanwhile, some of the most dangerous hackers will embezzle money directly from your accounts. Worst of all, cyber-attacks can be a threat to your personal privacy or even your identity.

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Staying on top of your personal, small business, or enterprise security means being aggressive with cyber security, a goal that requires total awareness of your most frequent and dangerous threats. Cyber-attackers use new methods all the time, new angles from which to corrupt systems or obtain data. In 2018, the attacks are more unique, personalized, and advanced than ever.

But that doesn’t mean you’re entirely defenseless. Knowledge really is power, especially when it comes to cyber security. You should know what threats will be most dangerous to you and your business this year. Here are the cyber threats you need to look out for in 2018.

After reading the above-said content, much of you might show interest in finding out the most dangerous Cyber Attacks to be anticipated in 2018.

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So, Cyber Security Insiders brings to you a gist of the top 5 cyber threats which are expected to create a lot of buzz in the cyberspace next year.

#1) Bots

Bots, or Internet robots, are also known as spiders, crawlers, and web bots. While they may be utilized to perform repetitive jobs, such as indexing a search engine, they often come in the form of malware. Malware bots are used to gain total control over a computer.

Over 50 percent of the Internet’s total web traffic can be traced to bots. While some bots are actually designed for your benefit, refreshing your social media feeds, ranking your search engine results and more, cyber bots can also do serious harm. It’s estimated that one in three visits to any given website is a malicious bot, which may have been designed to search your interface for security flaws.

Of course, they don’t break bad on their own. Rather, cyber criminals automate bots to perform criminal tasks, such as stealing user credit card information from online stores, or corrupt worldwide search rankings with disruptive malware links, like the infamous Cyclone bot.

#2) Denial of Service Attacks

A distributed denial-of-service (DDoS) attack is an attack in which multiple compromised computer systems attack a target, such as a server, website or other network resource, and cause a denial of service for users of the targeted resource. The flood of incoming messages, connection requests or malformed packets to the target system forces it to slow down or even crash and shut down, thereby denying service to legitimate users or systems.

 Most websites are designed to accommodate a certain level of web traffic, much in the same way roads are designed for a certain volume of vehicles at one time. With denial of service attacks (DoS), malicious cyber criminals artificially flood your site with extreme amounts of traffic, to effectively slow it down tremendously or collapse the page entirely, shutting it down to all human users. A single individual, a network, or criminals can attack from various IP addresses, making the DoS attacks difficult to track and even more difficult to stop.

DoS attacks do more than inconvenience you, forcing you to waste resources fixing a page that has been aggressively shut down. Attacks on your business page prevent important business activities from occurring, including customer access to payment portals or access to vital business contact information.

#3) CryptoJacking

As the Cryptocurrency rate against the USD is projected to escalate in 2018; it will proportionately create conducive environments for hackers to launch crypto jacking attacks. And as British companies are trying to stockpile bitcoins to use them as Ransomware hush money, more hackers will be interested in siphoning the crypto from the companies operating in UK and Europe to become millionaires or billionaires on an instant note. So, companies, individuals or groups trading or generating digital currency will become sure targets of the hackers in the upcoming year.

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#4)Fake Social Media Pages

Social media is one of our most powerful tools, and is integral to most industries’ business models. With that comes a flourish of more menacing and convincing social media attacks.

Fake social media pages and accounts are designed to resemble actual people or businesses, and will target endpoints in your network, including your employees’ workstations and personal smart devices. They aim to obtain private information through the sharing of subversive malware links, which look like harmless links to coupons, photo albums, or page recommendations.

False social media pages also play host to phishing scams, or fraudulent messages that entice people into sharing personal information, including business credit card numbers, passwords to access important software, and more. 

#5) Security Software will be exploited to the core- 

The year 2018 will witness cybercriminals targeting trusted programs and the software and hardware supply of companies offering security software. The objective of them will be to attack and gain control of devices and then manipulate users wholeheartedly. And as these events are brought into the limelight by the media, the perception of businesses and the public will change on the security software, particularly those offering antivirus solutions.