Cybercrime continues to become more advanced daily, with the number of successful cyber-attacks and data breaches reaching soaring heights in 2020.
As much as the world is progressing in terms of automation, allowing humankind to perform more tasks per measure of time, so are cyber-attacks and online fraud.
Imagine for a moment how technology has advanced in the last 20 years but how it has accelerated specifically in the last 5 years.
Our mobile phones have more processing power than your average laptop computer in use about 5 years ago. Now imagine how the adoption of cloud storage, cloud applications, and the general awareness and use of the cloud has increased.
The age-old idiom of “don’t bring a knife to a gunfight” is what we’re trying to bring home in this article, the cybercrime landscape has advanced drastically over the last few years and many businesses use either no cybersecurity protection or outdated means that aren’t fit for purpose.
Be adequately prepared for confrontational situations pertaining to cybersecurity by ensuring you are protected by technology leveraging AI, as hackers and organised crime syndicates are already using AI to attack and extort business and employees.
Compare how much data was stored in the cloud 10 or even 5 years ago and then fast forward to today.
It goes without saying that the advancement of technology and the wide use of digital media and the adoption of the cloud is making online fraudsters smarter by the day. Further, these cyber criminals take advantage of individuals and businesses who pay less attention to cybersecurity and data protection.
Online fraudsters attack and target everything they can put their cursor on.
When it comes to cybersecurity, prevention is better than cure. Rather stay ahead of online threats, adopt solutions that can protect your business and the data stored or accessible on your devices and computers than trying to manage future damage.
Here is a future cyberthreat worth taking note of.
AI and machine learning have disrupted almost every industry with technology advancing quickly during the past couple of years. AI has already reached a point where it is possible to make our daily lives easier, to deal with or automate mundane or repetitive tasks and to support humankind with large volumes of work. AI is finding its way into businesses and supporting industries like construction with building information modelling and automated tendering tasks, marketing services, manufacturing, security, logistics and the list goes on.
For cybercriminals, AI is proving to be a massive new asset and advantage. Imagine how AI can produce millions of password combinations for hacking purposes in just seconds as just one example.
Remember that AI capabilities used to identify and stop cyberattacks can also be used by hackers to launch advanced cyberattacks in the form of more complex and adaptive malware.