Our Wired World

Tempest in a Teapot: 5 Cybersecurity Storms Brewing

Find Out Which Cyber Threats are On the Rise in 2020

FitSmallBusiness.com identifies the threats coming from the new ‘digital industrial revolution’

NEW YORK, Dec. 26, 2019 /PRNewswire/ — Blockchain, 5G data networks, Amazon Echo’s. Is there anything that technology doesn’t control in our daily lives? As the number of new platforms and enhanced capabilities surges, so too does the risk of attacks.

This new “digital industrial revolution” turned the global economy into a treasure trove of personal data ripe for the hackers’ picking. Recently, the U.S. has experienced cyberattacks that target healthcare companies, social media platforms, and even political organizations. According to IBM, cybercrime has become ‘the greatest threat to every profession, every industry, every company in the world.” The most frustrating part? The hacker’s tactics are constantly evolving and adapting.

With all of this in mind, the editorial staff at FitSmallBusiness.com evaluated the 5 most dangerous cybersecurity threats to watch for in 2020. The digital business publication assessed a wide range of research and data – and considered the following industries: government, healthcare, telecom, and social media. In this way, they were able to determine which sectors are most vulnerable to hackers.

The Greatest Cybersecurity Threats Targeting Your Business in 2020:

  • Corrupting Government
  • Exposing Healthcare
  • Breaching Social
  • Targeting New Tech
  • Hacking Your Home

“With this study, we wanted to be as people-focused as possible,” says Michael De Medeiros, Special Projects Editor, FitSmallBusiness. “Cybercriminal tactics evolve with the technology that they target. It’s imperative for individuals and small business owners, alike, to be wary of what’s changing and how to stay ahead of the curve.”

Excerpts from the Study:

Corrupting Government
With the 2020 US presidential elections only months away, the politically-targeted cyberattacks will continue in full force. This year alone had over 800 political cyberattacks, according to research provided by Microsoft in an interview with Rolling Stone. Though aimed at political parties, candidates, and the US government, attacks like these pose a serious threat to US residents—and we’re not just talking about the safety of their personal information and identity.

This new "digital industrial revolution" turned the global economy into a treasure trove of personal data ripe for the hackers' picking...

Foreign entities are attacking the US in a number of ways—many of which threaten the nation’s security offline. In 2019, North Korean hackers phished to find which countries were studying their nuclear efforts. Before that, an espionage group from Iran targeted US government infrastructures, according to the Center for Strategic and International Studies. The number of political cyberattacks to come in 2020 will likely make the 800 that happened this year seem insignificant.

Hacking Your Home
Smart homes are not always such a smart idea. While the technology was created to simplify our lives, devices like the Google Home and Amazon Echo are turning into smart spies. Your handy home assistant is prone to cyberattacks, enabling hackers to spy on users in their homes, according to an interview with Karsten Nohl, a chief scientist at Security Research Labs and the BBC News.

At-home safely also goes beyond smart home devices. Other tech tools and gadgets we use at home might feel like modern-day lifesavers, but many are putting our families at risk. It sounds great to get to turn off lights remotely or open your garage door from your phone, but these same technologies are highly susceptible to being hacked and in the process, both homes—and identities—are exposed.

Read the full report here.

 

About FitSmallBusiness.com:
With a rapidly growing monthly readership of more than 3 million, FitSmallBusiness.com is an online publication devoted to helping small business owners.  Its full-time staff of writers spends hours of research, data analysis, and interviews with industry experts to answer the questions that owners want in order to run a successful small business.