Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Network Security

12/23/2019
06:00 AM
Steve Durbin
Steve Durbin
Steve Durbin
50%
50%

Crystal Ball: The Top 3 Global Cybersecurity Threats for 2020

In the year ahead, organizations of all sizes must prepare for the unknown so they have the flexibility to withstand unexpected, high-impact cybersecurity events.

In the year ahead, organizations of all sizes must prepare for the unknown so they have the flexibility to withstand unexpected, high-impact cybersecurity events. To take advantage of emerging trends in both technology and cyberspace, businesses need to manage risks in ways beyond those traditionally handled by the information security function, since new attacks will impact both shareholder value and business reputation.

After reviewing the current threat landscape, there are three dominant security threats that businesses need to prepare for in 2020. These include, but are not limited to:

    • The race for technology dominance -- trade and government

 

    • Third parties, IoT and the cloud -- the emerging threat landscape

 

  • Cybercrime

Each of these areas is covered further below:

The race for technology dominance -- trade and government
Technology has changed the world in which we live. Old norms are changing, and the next industrial revolution will be entirely technology driven and technology dependent. In short, technology will enable innovative digital business models and society will be critically dependent on technology to function. Intellectual property will be targeted as the battle for dominance rages.

Evidence of fracturing geopolitical relationships started to emerge in 2018 demonstrated by the US and China trade war and the UK Brexit. In 2020, the US and China will increase restrictions and protectionist measures in pursuit of technology leadership leading to a heightened digital cold war in which data is the prize. This race to develop strategically important next generation technology will drive an intense nation-state backed increase in espionage. The ensuing knee jerk reaction of a global retreat into protectionism, increased trade tariffs and embargos will dramatically reduce the opportunity to collaborate on the development of new technologies. The UK's exclusion from the EU Galileo satellite system, as a result of the anticipated Brexit, is one example.

New regulations and international agreements will not be able to fully address the issues powered by advances in technology and their impact on society. Regulatory tit for tat battles will manifest across nation states and, rather than encourage innovation, is likely to stifle and constrain new developments, pushing up costs and increasing the complexity of trade for multinational businesses.

Third parties, IoT and the cloud -- the emerging threat landscape

A complex interconnection of digitally connected devices and superfast networks will prove to be a security concern as modern life becomes entirely dependent on technology. Highly sophisticated and extended supply chains present new risks to corporate data as it is necessarily shared with third party providers. IoT devices are often part of a wider implementation that is key to the overall functionality.

Few devices exist in isolation, and it is the Internet component of the IoT that reflects that dependency. For a home or commercial office to be truly "smart," multiple devices need to work in cooperation. For a factory to be "smart," multiple devices need to operate and function as an intelligent whole. However, this interconnectivity presents several security challenges, not least in the overlap of consumer and operational/industrial technology.

Finally, since so much of our critical data is now held in the cloud, opening an opportunity for cybercriminals and nation states to sabotage the cloud, aiming to disrupt economies and take down critical infrastructure through physical attacks and operating vulnerabilities across the supply chain.

Cybercrime -- criminals, nation states and the insider

Criminal organizations have a massive resource pool available to them and there is evidence that nation states are outsourcing as a means of establishing deniability. Nation states have fought for supremacy throughout history, and more recently, this has involved targeted espionage on nuclear, space, information and now smart technology. Industrial espionage is not new and commercial organizations developing strategically important technologies will be systematically targeted as national and commercial interests blur. Targeted organizations should expect to see sustained and well-funded attacks involving a range of techniques such as zero-day exploits, DDoS attacks and advanced persistent threats.\r\n\r\n

Additionally, the insider threat is one of the greatest drivers of security risks that organizations face as a malicious insider utilizes credentials to gain access to a given organization's critical assets. Many organizations are challenged to detect internal nefarious acts, often due to limited access controls and the ability to detect unusual activity once someone is already inside their network.

The threat from malicious insider activity is an increasing concern, especially for financial institutions, and will continue to be so in 2020.

Avoid getting left behind

Today, the stakes are higher than ever before, and we're not just talking about personal information and identity theft anymore. High level corporate secrets and critical infrastructure are constantly under attack and organizations need to be aware of the emerging threats that have shifted in the past year, as well as those that they should prepare for in the coming year.

By adopting a realistic, broad-based, collaborative approach to cybersecurity and resilience, government departments, regulators, senior business managers and information security professionals will be better able to understand the true nature of cyberthreats and respond quickly and appropriately. This will be of the highest importance in 2020 and beyond.

Steve Durbin is Managing Director of the Information Security Forum (ISF). His main areas of focus include strategy, information technology, cybersecurity, digitalization and the emerging security threat landscape across both the corporate and personal environments. Previously, he was senior vice president at Gartner.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/10/2020
Pen Testers Who Got Arrested Doing Their Jobs Tell All
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/5/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-8913
PUBLISHED: 2020-08-12
A local, arbitrary code execution vulnerability exists in the SplitCompat.install endpoint in Android's Play Core Library versions prior to 1.7.2. A malicious attacker could create an apk which targets a specific application, and if a victim were to install this apk, the attacker could perform a dir...
CVE-2020-7029
PUBLISHED: 2020-08-11
A Cross-Site Request Forgery (CSRF) vulnerability was discovered in the System Management Interface Web component of Avaya Aura Communication Manager and Avaya Aura Messaging. This vulnerability could allow an unauthenticated remote attacker to perform Web administration actions with the privileged ...
CVE-2020-17489
PUBLISHED: 2020-08-11
An issue was discovered in certain configurations of GNOME gnome-shell through 3.36.4. When logging out of an account, the password box from the login dialog reappears with the password still visible. If the user had decided to have the password shown in cleartext at login time, it is then visible f...
CVE-2020-17495
PUBLISHED: 2020-08-11
django-celery-results through 1.2.1 stores task results in the database. Among the data it stores are the variables passed into the tasks. The variables may contain sensitive cleartext information that does not belong unencrypted in the database.
CVE-2020-0260
PUBLISHED: 2020-08-11
There is a possible out of bounds read due to an incorrect bounds check.Product: AndroidVersions: Android SoCAndroid ID: A-152225183