5 Cybersecurity Threats of 2020

05.20.2020 | Soliton Blog

black and white sign says cybersecurity

Most IT managers are aware of the major types of cybersecurity attacks. From hacking to DDOS, you may feel your company is prepared for the worst.

The names we give these techniques are a different topic entirely, but the threat is very real, despite the clever names we give the tactic. Ever heard of Email Bombing? What about Salami Slicing or Data Fiddling? Or that a well placed Logic Bomb can bring a business to its knees?

Let’s briefly discuss the future of cybersecurity, by examining the threats of 2020. Some traditional attacks have morphed into new strains while others are brand new.

Read on to discover five of this year's cybersecurity challenges and how you can prepare to defend against them.

  1. Phishing Scams

Although there's nothing new about phishing scams, cybercriminals have upped their game.

Phishing scams attempt to trick you into giving out your personal information. They arrive via email, text message, or social media. Sometimes you even get a phishing phone call!

Phishing emails used to be riddled with spelling errors so they were easy to spot. The generic 'Dear Customer' on the tagline could be flagged too.

But now phishing messages appear more professional.

Links to the scammer's website look identical to your bank or payment center. Even the domain name contains the correct URL.

  1. Email Bombing

An email bomb involves aggressively spamming a targeted email address. It's like a denial of service attack in that it slows the email server down or even makes it crash.

This is a directed attack, not a type of theft. But it can severely disrupt workflow, and several email bombs a day could derail a small business.

  1. Data Fiddling

Can you trust the integrity of your data?

This technique changes the entries in your databases which can wreak havoc down the line. One misspelled name or wrong address and customer trust can rapidly diminish.

The consequences can be worse than bad PR.

If financial records are adjusted companies could lose thousands of dollars. Misinformation like false medical reports can lead to patient trauma or a wrong diagnosis.

  1. Salami Slicing

The name comes from stealing tiny 'slices' of money from an organization over time.

The criminal exploits multiple sources to accumulate a large score. Many companies don't catch onto the theft because the values are so small. The scam is usually caught in an audit but by then it's too late.

  1. Logic Bombs

A logic bomb attack is triggered by an event like reaching a certain date or after a user logs-in.

The code then activates and does whatever the scammer programmed it to do. Because it lies dormant it's difficult to spot but it can have devastating results.

Logic bombs are usually installed by insiders who have access to the system. Look out for disgruntled employees or those who are deep in debt.

The Future of Cybersecurity Is Now

Although the future of cybersecurity may seem daunting due to these new breeds of attacks you don't need to worry.

At Soliton, we give peace of mind to our customers. Our robust IT solutions help prevent most cybersecurity problems.

Products like our SecureDesktop software offer high-speed screen transfer with no data leakage. Our Domain Threat Analysis report offers insight into all accounts within your domain.

Call our experts today to see how we can help secure your business. With over 40 years of experience, you can place your future in our hands.