Cyber threats and attacks are not limited to a selected few corporations or high-profile individuals but is a real and true threat to survival and health of every business and private individual on this planet. One of the main effects of the Fourth Industrial Revolution is increased human productivity and creativity. Over the past year we have seen companies continue to be exposed to massive fraud, corruption and cyber security attacks. You either have a monitory loss or reputational loss – sometimes both.
Looking beyond the sheer volume of cyber security threats, the sophistication is spectacular. Fileless malware is an emerging tactic. These malware types write the malicious code directly to random-access memory (RAM) and distribute via online advertising. Apps are created to mine cryptocurrencies by exploiting computing resources.
Upward trends show that attackers also focus on social engineering at scale (i.e. Phishing, Baiting, Pretexting, Whaling) as a tool to assist in their attack strategy – a bullying tactic fraudsters are thriving on tricking people into breaking normal security procedures.