Cybercrime Predictions 2020

Cybercriminals won't stop at any cost, and that is why the ongoing parade of current cybersecurity breaches and foul practices is only going to escalate. Businesses do need to understand a straightforward thing, and that is no matter how strong their current cybersecurity practices are, there is always going to be an imminent danger of the next cyber breach howling at their resources. This is the hard or bitter truth of the technical world, and it can't be ignored at all, that is why below is a crafted list of possible cybercrimes that could be causing havoc at an indispensable feat in 2020;

Rise in Ransomware Attacks

Ransomware attacks remain one of the most significant cybersecurity issues in the whole world, and according to a prediction, these attacks are only going to increase in volume in the year 2020. The leading causes for this attack that will surface in the upcoming year would include;

• Non-serious attitude towards building up the current online security metrics by the user
• The implication of third-party systems and apps that are trying to subdue the user cookie and other internet related settings
• An overall weak security configuration of the hosting app/software system

Although some explicit measures could be taken to avoid the execution of such attacks such as various intricating antivirus or antimalware tools or systems as it seems, this isn't enough. Hackers or other illicit cybercriminals that craft these types of attacks always see to it that they are one step ahead in the game and won’t let any of the decryption tools available on the market to counterfeit their mainly built ransomware software. This is why these attacks are going to be the toughest and more consistent to beat in 2020.

Card Related Frauds in Cyberspace

This type of cyber threat is still the most persistent one and is predicted to take its toll over internet users even in the year 2020. According to a survey conducted in 2018, it was estimated that banks, users whose credit cards were stolen, and the businesses affected reached about $4 billion in the USA only, exempting any verified or otherwise discreet card related setting of the rest of the world.

The data of the cardholders remain one of the most favorite and in fact, the primary target of a variety of cybercriminals. Payment systems continue to be infiltrated, misconfigured, and hacked by many cybercriminals around the world. Credit card information isn't hard to get as you can buy it on a variety of marketplaces on the internet and, more specifically, on the dark web.

 Even in the year 2020, where the online marketplace for internet-based shopping is going to increase, the threats posed by the credit card theft will continue to grow and will affect double the amount of population it is doing today.

Data/ Information Breaches

Another thing that is going to grab the future of IT from the throat is the consistent and ever-rising number of cyber breaches. During the past few decades, there has been registered about tens of thousands of data breaches from various companies, businesses, or other corporate sectors, and the number only adds up every year instead of declining. One of the biggest data breaches in the history of the IT industry was the leaking of user information and customer data regarding Marriot international hotels.

The personal, as well as the financial data of the customers, was stolen and sold to the highest bidder on the internet and related sources such as the dark web. Data branches do take place daily, and they move organizations to upgrade their current security standards as well as to implement new measures to avoid the point of contact.

If an enterprise is not willing to learn from their experience, then the chances are that they never will and on goes the cycle. In 2020 apart from various other significant issues about cybersecurity, the data breach and leakage will be registered as a spread or worse yet an epidemic that will only cost billions of dollars if not prevented or stopped with a cure.

Bitcoin being Popular will turn out to be Horrendous

Bitcoin is being cherished not only locally in the USA but also on a global scale; this untraceable currency finds its uses in a variety of deals and business-oriented tasks such as used for performing various payments online, buying stuff off of dark web and others. But have you ever wondered about the negative aspects of the use of bitcoin? As these spread to the farthest reach than the positive attributes of the bitcoin.

In 2020 and the later years, bitcoin would become a major source of payment for the ransomware oriented attacks; why? Because it is untraceable, that's why. You must be thinking that what gave away this prediction? This is evident from the current trends of the cybersecurity market. As of today, many hackers and or illicit cybercriminals require payment via bitcoin to hand over the control of the systems back to the owners or enterprise. What would be the magnitude of such a crippling system in the year 2020? One can only guess!

DDoS Attacks

The DDoS attack is nothing new as this attack is famous for taking down even the largest and most competitive of the websites. The main events of the attack include overloading of the server with false request or queries which on the other hand makes these systems to use their abundant resources such as RAM, CPU, and DISK for no apparent reason and in turn, crash bringing down the essence of that website as well.

The attack is, however, the oldest trick among the books of the cybercriminals; they use the same approach every time that is to overload the server system of the websites and ask for ransomware in exchange to stop the attack. Some of the hackers might not want anything in return but to bring down the dedicated company to the ground. Nothing can be done for such events at all, and this is why the DDoS attack is going to be the most deadly one yet to face in the year 2020.