Well-Known Cybersecurity predictions for 2020

We are witnessing that 2020 is the year that is quite challenging to be managed. From the Coronavirus outbreak to cybersecurity threats, everything is just exponentially increasing. 

We can’t predict anything about the Coronavirus outbreak, but we can definitely have a bundle of interesting cybersecurity predictions. 

Here are 2020’s top cybersecurity predictions 

Biometric authentication will continue to be promoted 

Biometric authentication is a trend, and it involves the human biological characteristics for authentic recognition. The human biological characteristics involve rare features, just like a fingerprint, and eyeball for individual verification.

The frequent usage of biometrics authentication has various security threats. The biometric system is good and contains the most crucial human data, like fingerprints. 

Since a lot of companies are implementing it for the first time, there are chances that organizations might fail to store this data securely. 

Cybercriminals can easily steal this digitized biometric data, and the worst part is that biometric users cannot replace their fingerprint and stolen biometric data as they used to replace stolen passwords. 

Hackers will exploit IoT with the rollout of 5G technology 

5G is the newest cellular network technology. The latest 5G generation claims to provide ultra-faster speed and bandwidth. 

The upcoming rollout of the 5G technology will surely bring some major vulnerabilities in the new structure, and hackers will mainly exploit those vulnerabilities through various internet of things. 

According to the European Union latest report, security challenges of the networks will be noticeable with the 5G emergence as compared to the current networks. 

Moreover, organizations must have complex security systems than older network security systems. Otherwise, the new 5G installation will leave major security holes to be exploited by various hackers and cybercriminals. 

Mobile banking apps will be at risk 

These days’ people frequently use mobile banking apps to continue banking transactions.  It is predicted that most of the cybercriminals will attack mobile devices to steal bank credentials. 

Moreover, the mobile banking trend will continue to grow in 2020; it means that more and more users will rely on banking apps for transactions. Similarly, hackers will increasingly target mobile banking apps to steal users’ bank credentials. 

It is recommended to use a VPN to perform mobile banking safely. The VPN users are exponentially growing because of the upcoming cyber threats.

It is also predicted that by the start of 2021, 311 million users will connect to Australian VPN online. The figure exhibits the sheer potential of a VPN to stay secure online.

Hacking toolkits will upsurge the Cyberattacks 

There was a time when cyberattacks were launched only by a few sophisticated cybercriminals. Now, there are hacking toolkits available through which even a non-technical cybercriminal with zero percent skills can easily perform a cyberattack by using hacking toolkits. 

The advent of such hacking toolkits made it easier for cybercriminals to launch sophisticated cyberattacks.  

These toolkits require very few technical knowledge and are easily available; therefore, the rate of cyberattacks is predicted to be high in the near future. 

Moreover, hacking toolkits will give hackers more opportunities to exploit vulnerabilities and steal credentials and data. Launching a cyberattack will never be as easy as with the hacking toolkits. 

Artificial Intelligence will make room for the phishing attacks 

Artificial intelligence or AI continues to be in trend. It has been used by several marketers to predict user demands and shopping patterns better. 

Artificial intelligence, together with machine learning, works as a human to perform several business functions accurately. 

It is predicted that hackers will continue to search for the AI system vulnerabilities to throw malicious, phishing, and other social engineering attacks.

Cloud attacks are expected to increase 

Organizations are continuously shifting data to the cloud. The unexpected, growing crowd on the cloud will create difficulties in managing credentials. 

Moreover, the ever-increasing usage of cloud technology will also bring shared technology vulnerabilities, malicious insider attacks, and cloud account hijacking will also be at its peak. 

Ransomware Attacks will take place 

In 2020, ransomware will be more prominent, and the core target of the hackers will be vulnerable data stored on the cloud. 

Ransomware is a special type of cyberattack in which a cybercriminal encrypts the data and, in return, asks for the money to decrypt it for the data owner. 

Privacy will be at risk 

In 2020, most of the users’ private information revolves online, and this will be a significant security threat to user privacy. 

Due to the online government processes, users share their personally identifiable information that can be tracked by hackers. In case if cybercriminals access such sensitive information, they can easily steal someone’s online identity. 

In this way, hackers can easily obtain an individual’s personal and business accounts. The privacy threat is seeming to be the biggest security threat of 2020. 

 In Conclusion 

The cybersecurity threats will continue to grow with the advent of new technologies. However, forward-looking organizations can control the impact by having a considerate plan that meets the needs of their network security.