Top 10 Cybersecurity Risk for 2019

The cyber threat environment is becoming more dangerous every day. Cybersecurity reports by Cisco show that thirty-one percent of organizations have at some point have encountered cyber-attacks on their operations technology. Furthermore, cyber-attacks were the number-one concern of executives in European and other developed countries, according to a recent World Economic Forum survey.

2019 is already shaping up to be a cybersecurity headache for researchers and businesses alike, as cyber-attacks and data breaches continue to increase in both frequency and intensity.

The following are US Cybersecurity Magazine’s top 10 threats that businesses around the world should pay attention to.

DATA BREACH
As cloud data storage is becoming more popular than ever, many organizations are transferring their data to the cloud. This isn’t as safe as it sounds, and organizations need to be picky when it comes to choosing a cloud provider.

INSECURE API
A cloud service provider’s interface is shared among different users. Thus, the security lies primarily in the hands of the service providers, as breaches could happen starting from the authentication to encryption process.

CLOUD ABUSE
Cloud storage is vulnerable to cyber abuse. With inadequate authentication and registration processes, the cloud will be susceptible to spam emails, criminals, and other malicious attacks. An adequate way of monitoring credit card transactions is also needed.

MALWARE ATTACK
Malware attacks can be caused by various reasons, including removable media, file sharing, bundled free software, and the lack of internet security software. To overcome them, organizations need to prepare a strict security mechanism and compliance.

LOSS OF DATA
Organizations need to ensure that the available API security is tight to avoid loss of data as it may lead to serious implications on the business. Such a breach can drain the organization’s finances and cause a loss of customers.

HACKING
As the Internet of Things takes over, more weak points are created in the computer systems. Besides administer restrictions towards sharing, organizations also need to ensure that no unauthorized activity takes place.

SINGLE FACTOR PASSWORDS
There is a large security risk in use of single-factor passwords as it gives intruders easy access to data. In 2019, organizations need to be more serious with the passwords by starting to use multi-factor authentication.

INSIDER THREATS
Ex-staff are a major threat to cybersecurity, while users in organizations are also a weak link. Thus, organizations need to remedy this problem by educating the staff on cyber, monitoring their activities, and testing.

INTERNET OF THINGS
Most devices are connected to the Internet nowadays. As much as the Internet of Things has become useful, its deployment has also brought many concerns, especially in security domain due to inadequate security measures.

SHADOW IT SYSTEMS
Shadow IT is software used within an organization, but not supported by the company’s central IT system. This has inefficiencies and may be vulnerable to hackers. Organizations need to be aware of the security threat that shadow IT brings.

As technology advances in 2019, so do the threats to security. Read the full article by US Cybersecurity Magazine in the link below.

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