As we’re soon heading on to the following year, IBM Philippines recently issued its predictions for the future of cybersecurity in 2022 developed from its IBM X-Force and Security experts.
Here are the 5 main takeaways that IBM forecasts for Cybersecurity in 2022:
At the start of 2022, many businesses will be breached
As organizations worldwide slow down for the holidays and find themselves in work environment transitions, distractions will create opportunities for cybercriminals to infiltrate networks without raising suspicions. As a result, well into 2022, IBM sees breach disclosures and cyberattacks, with initial compromise tracking back to early in the year.
One business’s ransomware attack will become another business’s extortion
Ransomware attacks will become more relentless in their quest to scale up revenue and do so fast. In 2022 there may likely be more and more triple extortion ransomware, whereby a ransomware attack experienced by one business becomes an extortion threat for its business partner. Ransomware attackers won’t stop extorting the victim organization for ransom; they will extort its business partners whose data it holds or business partners who cannot afford the supply chain disruption.
Supply chain attacks will become a top boardroom concern
In 2021 the world felt the brunt of supply chain bottlenecks due to COVID-19 restrictions. Recognizing this, cybercriminals will seek to capitalize on people’s heavy reliance on supply chains — both on a consumer and enterprise level. Supply chains have many blind spots or cracks that attackers can take advantage of. Ransomware attacks will be a threat not only to companies as individual entities but to their supply chains as a whole, making these types of attacks a top concern for the Board.
Blockchain will become a cybercrime hideout
With enterprises and consumers increasingly relying on blockchain for their supply chain management and digital transactions, attackers too turn to its legitimate use to stay under the radar for longer. In 2022, blockchain will become a more common “tool” used by cybercriminals to obfuscate their malicious traffic, avoid detection and extend attackers’ stealth. This will make it increasingly harder for defenders to discern malicious activity on the network.
Zero Tolerance for Trust Will Redefine the State of Security
More and more businesses realize that they must establish zero tolerance for trust in their security strategy to build customer trust. In 2022 government and private industry will scrutinize their trusted relationships more, and re-evaluate the “who, what, why” regarding access to their data. Not only will there be more “auditing’ of user access, but application access to data as well.