Cyber Security Breach Trends and Prediction 2022

January 21st, 2022 by admin

A man staring at a computer screen at his work, with the words 'Security Breach' displaying in a widnow next a hazard sign.

Cybersecurity has been a hot-button topic for quite a while now. Yearly there is a significant increase in the frequency and variety of cyber attack threats. 2021 alone has witnessed its fair share of cybersecurity attacks, including the Colonial Pipeline ransomware attack, HAFNIUM’s attack on Microsoft Exchange Servers, REvil, Kaseya, Log4j, and more.

As organizations globally are struggling to secure a remote workforce, it’s becoming more challenging for them to ensure uptime of their services while securing data. Thus, cyber-attacks are expected to evolve speedily in 2022 and, there is a need for organizations to prepare their teams for heightened data and cyber security initiatives.

Here are some of the following trends that we predict for 2022

  1. Supply Chain Ransomware

    In 2020 the industry will begin shifting how it has been viewing ransomware. The ransomware itself is not the problem, but its entry points. Thus, they will begin to focus on predicting and securing their systems with data science and model scenarios that highlight a weakness in the supply chain. This breach is a one-of-its-kind concern as a single breach can affect thousands of end companies. Ransomware breaches formed 10% of all attacks. It doubled in 2021 and industry experts can’t foresee a decline in 2022.

  2. Remote Work Will Decrease Company Security

    When work and personal life seem to mesh into one location, it can be difficult to shift your focus and maintain alert with potential security threats. It is important to provide employees (especially those working outside of the office) with updated company security policies and standards. This will be difficult due to compromised networks and infected documents, but these can be better avoided by separating work and personal devices and networks, and implementing frequent security procedures (i.e. patches, training, MFA).

  3. Single Factor Authentication Will Fail Without MFA

    With increased efforts of hackers to collect our data and information, any data breach could put us at serious risk. To significantly reduce the potential of an account entry from anyone who gained access to your password, there is a strong solution by implementing multi-factor authentication. This is not only recommended by WatchGuard (which can be introduced to your business through their MFA program called AuthPoint), but used by many other companies who have “moved away from passwords alone for digital validation” such as Microsoft, banks (i.e. Charles Schwab, Bank of America), social media platforms (i.e. Facebook), etc.

  4. Critical Need for Securing Data with Third-Party Vendors

    Cyber-attacks orchestrated by third parties are rampant given the recent over-reliance on third-party vendors. It’s therefore imperative for organizations to assess top-tier vendors by evaluating their security procedures, network access, and how they interact with other organizations. Various operational obstacles however can make the assessment difficult. These include insufficient processes, increased organizational costs, and lack of resources.

Although these predictions may seem daunting, Equinox IT Services has the technology and skills to protect your business and ease everyday technological hassles.

Posted in: Security