The cybersecurity threats are increasingly expanding and disrupting the application security and are of multiple types. Nobody knows how an attacker will damage our systems and networks with their malicious activities. According to the industry survey, the cybersecurity industry will be surely threatened by the following trends in 2019.Lack of Perceptibility across IT Assets is Increasing the Count of Data Breaches
Advancements in technology have witnessed multiple organizations transform their conventional businesses models to completely digital. Companies operations and assets are majorly moving to the cloud. This transformation is required to the companies to adopt the enlarging digital world but at the same time, the enterprises will lose their visibility and control over their assets as well as operations once they load in the cloud. Hence, this lack of visibility on assets has been entertaining intruders to do their malicious operations.
As we can observe that, every business has typical IT infrastructure and is interconnected with all operating facilities located worldwide using Cloud. Most of the IT enterprises not even know about the details of where their applications hosted and stored on. In this scenario, the intrinsic workforce or security enabled systems cannot find the vulnerabilities or external attacks.Solution to resolve this situation: To overcome this scenario, the companies have to maintain a continuous log of each and every asset such as software, hardware, clouds, data as well as user’s information. It’s typical but this strategy will put a checkpoint to hackers. If we have self-access to our assets then we can analyze, update and monitor our resources, assets and particularly, vulnerable areas where the hacker can implement their hacking techniques.
Sensitive information resides over diversified computing devices like physical and virtual servers, file servers, vast databases, PCs and even mobile devices and transmits through various network access points such as wireless, wired and virtual private networks. It Hackers implement few malicious techniques to earn easy money and in the recent past, cryptocurrency owners are the major victims. The currency transaction process involves digital operations, the owners have only virtual access. And thus, they are unable to protect their digital assets, being vulnerable to phishing attacks. Crypto start-ups have to deploy complete cybersecurity services to stay ahead of unpredictable intruder malicious operations is significant to deploy DLP technologies to prevent the risk of data loss and data leak across such wide information infrastructure.
Hackers are implementing hazardous hacking ways specifically to big scams with digital coins. Thus, we can imagine at what extent security incidents related to cryptocurrencies are growing worldwide
Business conglomerates have believed that cryptocurrency is the best way of securing their financial assets but the millions of attacks on cryptocurrency especially in 2018 have scraped their belief. Thus, the financial sectors who deal with cryptocurrency have lost their confidence in Blockchain technology.
Solution to resolve: The Crypto assets owners have to endure very attentive. They should maintain devices and software up2date, use cybersecurity services, maintain a free antivirus from a recognized vendor, use two-factor authentication procedures and strong and unique passwords. Accordingly, the owners should never delegate their wallets to any unknown third-parties unless they have a strong reason to trust them.
The AI and ML technologies are used for automating and accelerating multiple complex tasks and procedures. The hackers have learned all the ways to implement and apply AI and ML approaches to gain more profits. Nowadays, multiple enterprises are using AL and ML techniques for expanding their brand awareness through marketing and to do investor-relationship activities. The black hat hackers on the other side, taking this as an opportunity doing some malicious attacks and earning profits. The usage of AI & ML will remain to enlarge, as cybercriminals connect the evolving technologies to surge the efficacy of their attacks. However, most of the cyber-attacks are successful in the recent past owing to a lack of basic cybersecurity awareness. Accordingly, intensified trust in ML and AI technologies is also witnessing the declined growth of the cybersecurity industry.
Solution to Resolve this Issue: The AI & ML approaches have to implement by the security professionals to overcome cybersecurity threats. Moreover, as AI technologies development requires high and long-term investments, hackers mostly cannot afford those. Hence, it is clear that threats related to AI will not occur in the future.
As we all that since two decades, penetration testing is one of the best practices for assessing the vulnerabilities in system and network. However, as the application development lifecycle time is limited and increasing data breaches, executing conventional pen test alone is not suitable to less impact the scenario. And, efficient and effective testing methods like crowd security methods have to use to reduce the risk level at the application layer. Accordingly, bug bounty and vulnerability disclosure enable human intelligence to detect high-risk vulnerabilities across web front-ends and APIs.
Thus, Crowd security testing methods and bug bounty programs bring huge opportunities for both researchers and companies. However, we should remember that any crowd security testing approach can never substitute a well-established application security program. With bug bounty, the organizations can constantly look over the modern software development life cycle (SDLC). As a bug bounty is time-matched, the deployment of target applications is delivered as scheduled. Thus, crowd security testing and bug bounties will convert as another form of conventional penetration testing in the future.