Panda Security Warns of More Advanced Cyber Attacks in 2017

Cyber Ransomware

 

Cyber security continues to be a hot topic, and 2017 is unlikely to be any different.

Panda Security has done an interesting piece of work. They have looked at the most popular cyber attacks of last year and analysed their evolution to see what could be in store in 2017.

Here’s what they found.

Cybercrime

Cyber criminals are interested in one thing – finding the attacks that rake in the most profit and exploiting them to the max. Their increasingly effective tactics and professionalisation of their operations is what is allowing them to make quick and easy money in an efficient manner.

Ransomware

As mentioned, profit is the driving force behind cyber crime, which is why ransomware is a firm favourite. It is the simplest and most efficient way to achieve this. Victims of this hijacking malware face a decision; should they pay or not, to recover their data. Of course, it’s important to bear in mind that paying the ransom does not guarantee the total recovery of stolen data.

Companies

Attacks on large corporations are set to increase. The information stored by businesses is far more valuable to cyber criminals than that of private users, so it’s vital that companies remain vigilant.

Internet of Things (IoT)

Greater connectivity is a Godsend for cyber criminals. This technological revolution has led to the complete integration of smaller devices into the grid, which are converted into entryways into corporate networks.

DDoS Attacks

At the end of 2016, we saw the most powerful DDoS (Distributed Denial of Service) attacks in history. Carried out by bot networks, they relied on thousands of affected IoT devices (IP cameras, routers, etc.). This type of attack is likely to increase in 2017, which is typically used to blackmail companies or to harm their business (by blocking web access, online shopping, etc.).

Mobile Phones

Focusing on one single OS makes it easier for cybercriminals to fix a target with maximal dissemination and profitability. Android users will get the worst of it in the next 12 months.

Cyberwar

The precarious situation about international relations can have enormous consequences in the field of cyber security. Governments will want access to more information (at a time when encryption is becoming more popular), and intelligence agencies will become more interested in obtaining information that could benefit industry in their countries. A global situation of this kind could hamper data sharing initiatives in the next year.

If you think this paints a bleak future, you could be right, but only if you fail to take precautions to protect your data. To put your mind at ease, get in touch, and we’ll talk you through your options to make sure you have a trouble free future.

 MPM Computer Consultancy provides IT Services, Support and Training to sole traders and small businesses in Ipswich. Bury St Edmunds and surrounding villages.

Source: Panda Security