“One of the main cyber-risks is to think they don’t exist”. Every year, people and businesses all over the world rely on the computer security software industry to keep them secure from the rising threat of cybercrime. According to one estimate, global investment in security software would exceed $458.9 billion by 2025. While current technology has proven valuable in the past, its efficiency is dwindling as cybercrime gets more complex by the day.
With the advent of the internet, cybercrime intensified and expanded in a variety of forms, with or without the consumers’ knowledge. As a result, it is best to stick with ISPs that offer a safe internet connection, such as Spectrum. Spectrum not only provides a lightning-fast and dependable Internet connection, but it also includes free anti-virus software with all of its Internet services. To subscribe to a plan of your choice or to learn more about them, you can contact Spectrum Customer Service. It is the first and most important action toward cyber security.
Even though organizations have invested billions of dollars in cyber security, it is worth mentioning that cybercrime trends are altering, which may need even more investment and the need to remain attentive. The top five most recent cybercrimes that are on the increase in 2022 and are expected to expand in the years ahead are as follows.
IoT Hacking
The new Internet of Things-controlled smart autos, whether a Tesla Model S or a Ford F-150, all have one thing in common: they’re all hackable. Cybercriminals can manipulate the steering wheel, manage the brakes, and completely shut off the motor by gaining access to a car’s computer system, allowing them to drive or stop the vehicle at their leisure. This throws up a whole new realm of opportunities for cybercriminals.
While IoT has brought a lot of convenience to our lives, and we are looking forward to further improvements in the field in the coming days, there are also numerous security threats linked with it, such as the one stated above in the automobile sector.
CaaS: Anyone Can Become a Hacker
The act of competent cybercriminals providing access to the tools and expertise needed to perpetrate cybercrime is known as Crime-as-a-Service (CaaS). Large organizations are increasingly outsourcing software services to protect systems against which they are powerless to defend, and hackers are doing the same.
Because it reduces the threshold for inexperienced people to initiate large-scale cyber-attacks, this has a significant impact on the criminal justice system, particularly in the realm of cybercrime. Bugat, Spy-eye, and ZeUs builder are three of the most popular criminal software toolkits for use in the digital underworld. These tools employ cutting-edge technology to carry out a wide range of damaging and unlawful tasks, such as stealing information and compromising bank account passwords.
Blockchain Cyber Attacks
Blockchain technology has a number of built-in security safeguards. By offering a distributed approach to check access, validate transaction records, and retain privacy, the system provides considerable levels of data safety and integrity.
Despite these security improvements, the blockchain sector has been plagued by security concerns.
Where there’s money, there’s hacking, and blockchain systems are expanding on both fronts. According to Atlas VPN, decentralized finance-related breaches accounted for 76 percent of all big thefts in 2021, with over $1 billion stolen in the third quarter alone.
Bitcoin, like any other form of money, may be used for both legal and illegal activities; criminals are attracted to it due to its encryption features and anonymity. Because currency cannot be kept in a centralized location, security agents cannot simply account for it.
As hundreds of new digital currencies are introduced, this is undeniably the future of bank robbery, and no, your Bitcoin losses will not be protected by FDIC insurance.
Ransomware
Ransomware is a form of computer virus that has lately attracted attention as a cyber security concern. It normally encrypts your device’s access and maintains it encrypted until certain conditions (Ransome) are satisfied. The rising value of cryptocurrency is the primary reason for the surge in ransomware assaults. Because of its secrecy, Bitcoin is the most enticing payment mechanism for hackers and ransomware groups.
Ransomware spreads by typical user activity, such as clicking on malicious links, infected external devices, or hacked websites. This can, however, happen without the user’s awareness owing to skilled hackers’ remote desktops.
Identity Theft
When someone steals your personal information and uses it without your permission, this is referred to as identity theft. There are several types of identity theft, each of which can have a distinct impact on you. The following are some of the most prevalent techniques for cyber thieves to steal your identity:
Data Breaches
Data breaches happen when someone outside the organization gains access to the organization’s data such as social security numbers and credit card numbers.
Malware Activity
Malware is a type of malicious software that when installed over your device can cause any sort of damage. The hackers can gain access to all of your stored information along with those present in your contact list.
Phishing Attacks
Phishing is one of the most prevalent types of cybercrime nowadays. Scammers may steal your personal information by using email, text messaging, and other kinds of online contact.
A fraudulent email claiming to be from your bank may contain a link to a spoofing website that appears just like the one it’s impersonating. When you arrive, the website may prompt you to provide a username and password, as well as payment information or your Social Security number. If anything appears to be questionable, it might be an effort at identity theft.
To sum it all up,
There is no limit to the joys that technology can give, yet we usually miss the hazards that it may also pose. The cybercrime trends outlined above are merely a few of the key ones that hackers are likely to deliver you in the next years. Criminals will get smarter as technology advances, devising new methods to penetrate your systems and cause massive harm. The damage might range from a modest IoT device damage to massive destruction during a cyberwar!
