The changed world we’ve found ourselves living in since the global pandemic struck in 2020 has been particularly helpful to cybercriminals. Nothing illustrates this so well as the SolarWinds hack, described by Microsoft president Brad Smith as the most sophisticated cyberattack of all time, the reverberations of which have been felt throughout 2021. Homeworking, the ongoing digitization of society, and the increasingly online nature of our lives mean opportunities about for phishers, hackers, scammers, and extortionists. As we head into 2022, there is, unfortunately, no sign of this letting up. This is why it's essential for individuals and businesses to be aware of the ever-growing avenues of attack as well as what can be done to mitigate the risks! So let’s take a look at the most important and significant trends affecting our online security in the next year and beyond while throwing in some practical steps we can all take to avoid becoming victims:AI-powered cybersecuritySimilar to the way in which it is used in financial services for fraud detection, artificial intelligence (AI) can counteract cybercrime by identifying patterns of behavior that signify something out-of-the-ordinary may be taking place. Crucially, AI means this can be done in systems that need to cope with thousands of events taking place every second, which is typically where cybercriminals will try to strike. It's the predictive powers of AI that make it so useful here, which is why more and more companies will be investing in these solutions as we go into 2022. Unfortunately, cybercriminals are also aware of the benefits of AI, and new threats are emerging that use technologies like machine learning to evade the protective measures of cybersecurity. This makes AI even more essential – as it’s the only hope of counteracting AI-powered cyber-attacks! Research by Capgemini recently found two-thirds of businesses now believe AI is necessary to identifying and countering critical cybersecurity threats, and nearly three-quarters of businesses are using or testing AI for this purpose. The growing threat of ransomwareAccording to the UK National Cyber Security Centre, there were three times as many ransomware attacks in the first quarter of 2021 as there were in the whole of 2019. And research by PwC suggests that 61% of technology executives expect this to increase in 2022. Once again, we can largely blame this on the pandemic, and the growth in the amount of activity carried out online and in digital environments. Ransomware typically involves infecting devices with a virus that locks files away behind unbreakable cryptography and threatens to destroy them unless a ransom is paid, usually in the form of untraceable cryptocurrency. Alternatively, the software virus may threaten to publish the data publicly, leaving the organization liable to enormous fines.
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