According to a report in The Statistics Portal, the average cost of cybercrime attacks for companies in the United States in 2015 was 15.42 million. As we move into 2016, it’s important for your company to be ahead of emerging hacker trends in order to keep your company safe from cyber attacks.
Derek Manky, the chief security strategist for Fortinet, reveals the top cybersecurity threats that your company should be aware of in 2016, in an article on CNBC. There will be a rise of machine-to-machine attacks, new worms and viruses to avoid, and new ghostware and two-faced malware.
- Machine-to-machine attacks: With the evolution of the “Internet of Things”, it’s estimated that there will be 6.8 billion connected devices in use in 2016. The increase in the number of connected devices offers unprecedented opportunity for hackers, with smartphones presenting the biggest risk.
- New worms and viruses: Manky believes that we will see the first “headless worms” in 2016. These are malicious codes that target “headless devices” like smartwatches, smartphones and medical hardware.
- Ghostware: Hackers will do anything to avoid detection. Ghostware is malware that can penetrate networks, steal information and then cover its tracks. The new malware will make it more difficult for companies to track how much data has been compromised and hinder law enforcement’s ability to detect hackers. Also emerging in 2016 is blastware, which can destroy or disable a system when detected.
- Two-faced malware: As companies take more precautions in testing new software, hackers have created their own software, called two-faced malware, that can go undetected under surveillance, but will morph into malicious code once it’s no longer under suspicion.
In the CNBC article, Manky says, “Every minute, we are seeing about half a million attack attempts that are happening in cyberspace.”
So what can companies do to protect themselves? Implementing antivirus software isn’t enough. Your company needs a cybersecurity plan in place to prevent these cyberattacks. This includes training employees to be safer with company data and educating them on the importance and risks associated with cybersecurity. Companies need to enforce more security policies and make cybersecurity a priority for 2016.