With the coming of the New Year, we also come across an entirely new round of privacy threats and breaches that are going to make things difficult for web surfers. Whether it is identity thefts, corporate hacks, cyber-security risks or the traditional computer hacking; hacking geeks warn about some really ‘deadly’ security risks of 2015. Here’s a scoop on 5 important security threats of the year. Have a look.
Did you know that Cold and Hot wallets are Vulnerable to Attacks very often? The cost-effectiveness for hacking such systems makes it very attractive for talented and motivated hackers. An additional point worth noting is that, unlike traditional banking systems, where agreements and human interactions can cancel transactions, there is no rollback in the case of blockchain transactions. Once transactions are created and encrypted, they are sent directly to the miner for approval, and the money is transferred to the addressee immediately. Moreover, a hacker can generate a new cryptocurrency address (such as Bitcoin) without notifying anyone, so that no one can really know who stands behind this sequence of letters and digits representing the new address now in control of the stolen money.
Beware of Ransomware which is probably the deadliest security threat of the year. Ransomware is actually a kind of malware that will restrict the access to the computer or device which it has infected. According to the experts of the McCafee lab, this Ransomware will turn out to be extremely unconventional in its method of infecting target computers, that are use for work or video games played with the best 4K monitors from factschronicle.
They further predicted that the variants of this virus will evade high-end security software and specifically target those endpoints that have subscription to cloud-based storage options. These include, Dropbox, Google Drive and also OneDrive. After infecting the endpoint, the ransomware will attempt in exploiting the stored credentials of the users in order to infect the storage data back-ups stored in cloud. According to experts, the chances of attacks on mobiles and tablets are higher than PCs.
The victims of this virus will be in complete shock when they’ll try to access the cloud storage for restoring data. They will find their backups have also been ruined by this virus. The worst part is that, the attackers of this virus will come up with as many techniques as possible in order to extract huge payments from their victims for releasing their encrypted data.
Bank card breaches and third party breaches
In the last decade, we’ve witnessed many high-end breaches and data thefts from the bank cards of corporate bigwigs like TJX, Target and Home Depot and also Barnes and Nobles. This trend is also likely to continue in 2015. Even though the card issuing companies are replacing their old bank cards with EMV cards, there are still many scopes of these fraudulent transactions. The card numbers that had been stolen from the old DNV cards can be still used for making fraudulent online purchases, where no pin or security code is required. With the shift to EMV cards, the hackers will simply shift their focus. Instead of individually targeting the retailers for getting card data, they will simply target the processors of the cards that handle the payroll accounts. They will artificially increase the balance and withdrawal limit and then eventually crash the accounts via innumerable ATM withdrawals in various cities.
Just like the last couple of years, this year too will have high scopes of password hacking. According to analysts, easy-to-crack passwords will be a big risk this year. The weaknesses of the passwords will eventually lead to many high-profile attacks.
This will supposedly be the first year, when the passwords will be phased out for numerous multi-factor options. The following year may be the first year of multi-factor actions by default. Many cyber threat intelligence networks support this view. According to them, the entire mechanism for recovering password is quite flawed. The conventional method of password recovery asks questions that only you, the real owner know. However, the answers of these overly personal questions can be easily deduced based on the information found online. This is even more possible as people ‘over share’ things on the social media.
This year will be a remarkable year for Nation State Attacks. In summer 2013, when the Belgacom hacking was exposed for the first time, the entire event was hushed up quickly. The Belgian authorities made huge cries of protests over the matter. But then, all we knew was that the spy agencies had a specific and targeted system admins who were working for the telecom for gaining access to a couple of special routers with which the company managed the cell phone traffic. Newer revelations show, that the Regin malware was used in the hack and the attackers hijacked the entire telecom outside Belgium for controlling the base stations and intercepting regular communications. According to tech geeks, the Regin malware and telecom hijacking will also be a major threat this year.
Cyber theft, the old player in the game of security thefts will also be prominently involved this year. With newer and innovative ways of paying for goods and services such as mobile payments become a popular method among European customers, there’ll be newer and better opportunity for hackers, especially if the retailers do not ensure stringent and secure storage methods for the payment data. Even though this wouldn’t result in high-end breaches, yet the retailers need to be vigilant in protecting the payment data as these thefts can always take a bigger shape in the long run.
Have scoops on some more threats? Share your ideas, in the comments section.