Cyber Threat Predictions 2020 and Beyond: Third-Party Services, Cloud Space Pose Serious Risks!

By Veritis

Cyber Threats Predictions 2020 and Beyond

‘Cyberthreats’ leave no one in this digital world! Yes, this is the bitter fact one has to accept looking at the cybercrime happenings around.

Such threats are evolving in different ways and diversifying with every passing day, finding alternative ways to rob/breach confidential codes and data.

Meanwhile, the IT industry is making relentless efforts to address software security concerns of organizations through relevant technology solutions and cybersecurity programs.

DevSecOps is one in the process that promises a safe and secure code pipeline in a software development lifecycle.

Moreover, expanding cloud space, open-source libraries, container applications for fast-paced app delivery and remote working are increasing the dependence on third-party apps and services.

Here is where the new concern lies, says a global IT security report.

The report titled ‘The New Norm’ says third-party libraries, container components and remote work culture are going to the new supply chain risks to organizations in the coming decade.

In its predictions for 2020, the report says expanding cloud attack space is offering new scope for hackers to perform code injection attacks to steal sensitive information.

This can happen directly or through third-party libraries, it warns, adding that continuous misconfigurations and increased reliance on third-party code could pave way for information security challenges in most organizations.

Shared container components carrying vulnerabilities stand next in the list with more possibility of causing risks to organizational safety.

Next in the list is the ‘remote work’ environment, which could often involve weak Wi-Fi networks or challenges caused by smart home devices.

“Connected home devices serving as a gateway for enterprise attacks is an unavoidable development considering how employees may find these convenient for work use as well. Enterprises will have to decide on what information security policies to implement to deal with such scenarios,” the report noted.

Further, such risks are expected to spread into Managed Service Providers (MSPs) ecosystem dealing with Small Medium Business (SMBs) clients.

What’s the Solution?

The report recommends a combination of tools and techniques that support behavioral monitoring, intrusion detection and prevention, incident detection and response, and improved visibility to tackle information security risks.

In addition, organizations will have to keep a close watch on their cloud service providers, perform vulnerability scans to third-party apps and services and review security policies, it adds.

“As we enter a new decade, organizations of all industries and sizes will increasingly rely on third-party software, open-source, and modern working practices to drive the digital innovation and growth they crave,” said Jon Clay, director of global threat communications for Trend Micro, the organization that published the report.

It’s high time to review your organization’s security stance and come up with a cyber defense program that safeguards you from future security risks.