Our world has witnessed a revolution brought by the ever evolving technology. From smartphones, smartwatches and other such equipment, the market today is full of tech- savvy products we could have never even dreamt of. However, with each passing day the reports of increasing cyberattacks is taking over the world by storm. As per a study by Juniper Research, cybercrimes shall cost businesses over $2 trillion by 2019.

Modern technology has not been able to combat cyberattacks completely as such attacks are consistent with the growth of technology. Whenever a new technology is launched to overcome a cyber threat, attackers too come up with a new virus or ransomware to counterfeit it. Here are some ways in which evolving technology affects cybersecurity –

• IoT – Internet of Things is a prevalent concept that has made its way into our lives. However, it stands the risk of cyberattacks. If the security measures are weak then it may allow hackers to gain access to the entire network. Attackers might hack the software within the device or apps interface. This might impact the functionality of the device.

• Artificial Intelligence – AI technology being used by numerous businesses working in various sectors today. However, it poses a serious cyber threat. It automates the discovery of critical software bugs. Hackers might use this to attack insecure networks. It can also be used to launch a social engineering attack by using a Facebook style algorithm to lure users to click on a malicious link that might infect their system with virus. 

• 5G Technology – While we are on the brink of welcoming 5G, cybersecurity is still a question. With increased data speed, hackers will able to regulate malicious activities easily as the number of connected devices is quite high. Data piracy would be a serious issue as cybercriminals will be able to upload online content rapidly.

• Social Media Breaches – Social media has enabled people to connect with their friends and family residing all across the globe. However, people post even minutest details such as the places they check-in, personal information such as mobile number, address etc. on their social media accounts thus giving hackers a sneak peek into their lives.

• Mobile Security Breaches – Smartphones are the new cool, but with it there has been a rise in mobile security threats. From mobile phishing, ad and click fraud, dead apps etc. mobile security threats are something that technological growth has brought along.

• Digital Information – Everything is computerized today and most information is stored on a shared network. Even though it is secured with passwords it is not really difficult for hackers to gain access to valuable business information.

• Cloud Computing – More & more firms are shifting to cloud as it is a convenient method of saving & storing information. However, they must take stringent precautions to protect the information stored on cloud or else it might be misused by hackers thus leaving the company information vulnerable.

For more information, contact Centex Technologies at (972) 375 - 9654.