2018 has been filled with cybersecurity incidents prompting security experts across the globe to begin preparing for what the New Year will bring.
2019 CyberSecurity predictions:
- Million-dollar data breach fines
In 2018 EU GDPR come into enforcement as well as the California Consumer Privacy Act, both of which have serious financial penalties for organizations that fail to protect personal data. In 2019 it is likely that we are going to see some serious financial penalties, with Facebook, Google, and British Airways all taking center stage, we may witness the first ever billion-dollar data breach fines for failure to secure and protect personal data.
- The rest of the world will update laws for data protection Following the EU’s GDPR and the California Consumer Privacy Act, the rest of the world is ramping up data protection laws. Governments have now seen that importance of protecting their citizens’ sensitive personal data. In 2019, we will see the rest of the world continue to increase legislation related to personal data and IoT (Internet of Things) devices.
- Email and compromised privileges continue to be the major cause of data breaches
Email and compromised privileges will continue to be the primary method at bypassing company security controls to disrupt services, steal sensitive data or cause financial fraud. Reducing the impact and risk of emails and privileges should be the number one priority for organizations if they want to reduce the risk of cyber attacks.
- Attackers Will Increasingly Capture Data in Transit
Experts predict that we will see an increased amount of attempts to gain access to home routers and other IoT hubs to capture data passing through them. Malware inserted into such a router could steal banking credentials, capture credit card numbers, or display spoofed, malicious web pages to the user to compromise confidential information.
“From emerging cyber-threat attacks surfaces, new APT groups, and more regulations around data privacy, 2019 is set to be another groundbreaking year in the cybersecurity space.”