5 cybersecurity vulnerabilities and threats likely to increase in APAC this year

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Lately a large number of new and moving developments have been witnessed in the international security business backdrop in the Asia Pacific region. The latest regulations such as India’s efforts to be GDPR compliant and Australia’s Notifiable Data Breaches scheme in the wake of recent international security breaches have been significant on cybersecurity investment and strategy.

Beside with an increase in the number of incidents of cyber attacks and data theft all around the globe as well as a labour pool overwhelmed by compliance management, the previous year has enormous challenges for business leaders and cybersecurity.

Some of the predictions and trends for the cybersecurity are:

Unauthorized cryptomining to substitute ransomware: Hackers and malware developers to keep relying on cryptocurrency. The last year witnessed unauthorised cryptomining substituting ransomware as the most sought after malware and the trend will only keep on rsing. The cryptocurrency most associated with this activity is Monero and the form of malware can often go around unnoticed. It provides excellent avenue for hackers to make quick money by staying active for the maximum amount of time.

Ransomware will not go away: With several ransomware attacks such as WannaCry, 2017 will always be known as the year of ransomware and even though cryptomining is set to pose bigger security risks than malware, it is pertinent that organizations also take ransomwares seriously.  Ransomware will continue to create huge problems and organizations will have to use a range of novel techniques to enter the network.

Vulnerabilities in AI and chatbots: Artificial intelligence will be progressively used to detect and safeguard against attacks, however, the current year will witness a surge in the number of vulnerabilities in AI and chatbots. Organizations need to invest more into cyber-AI.

Mobile vulnerabilities keep increasing: Mobile vulnerabilities are on surge exponentially since the end of 2017 and it is going to be this way in the near future as mobile additionally blurs the line between business and personal device. Moreover, third-party applications utilized on smart devices and multimedia phones are a great avenue for malware to enter the system of an organisation and open applications.

Cloud misconfigurations results in chaos: As more and more organisations transition to the cloud, the huge risk will be witnessed in the misconfiguration of the cloud environment. Furthermore, the integration of third-party software in the cloud means organisations will not have complete control over their attack surface. With no set best practices, cloud technology is still relatively new hence it is still unclear to techies how to secure a cloud environment versus on-prem networks. Hackers are likely to take more advantage of these weaknesses.

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