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Cryptojacking and other malware threats of 2019

Cryptojacking and other malware threats of 2019

Cybersecurity must be a top priority for any successful business. A breach can not only affect your fiscal bottom line but also have irreparable damage to your company's reputation. Unfortunately, there are countless threats lurking out there, and they evolve with every passing year. That means that IT teams need to constantly stay aware of the newest threats on the horizon. With that in mind, here are three of the biggest potential cybersecurity risks in 2019.

1. More Sophisticated Spear Phishing

Spear phishing is nothing new, but the tactics behind criminals who employ it is becoming more patient and advanced. While the goal of spear phishing has always been to gain access to a target's email and then exploit the information uncovered, more and more criminals are sitting in wait upon gaining access, taking the time to soak up as much information as they possibly can. That means that a single phishing expedition is likely to cause more damage than it would have in the past.

2. The Continued Ascent of Cryptojacking

Ransomware has long been one of the most prevalent threats to companies looking to protect their data, but hackers have recently begun getting creative with how they employ these technologies. One of the most recent and dangerous applications of ransomware is to infect computers and then use them to mine cryptocurrency. Through the use of auto-executing JavaScript code, the machine is assigned the task of crypto mining which is then sent back to their source for profit. And while it may seem less dangerous than malicious code that can steal your data, crypto mining can eat up valuable resources on your machines. Cryptojacking is easy to perform even for hackers without much proficiency, and it can earn substantial money with a much lower risk of being caught. Incidences of in-browser crytpojacking increased by 31% in 2017, and chances are they will continue to be a predominant threat into 2019.

3. Ransomware Will Continue to be a Threat

More and more hackers may be moving towards cryptojacking as a money-making opportunity, but that doesn't mean that more traditional ransomware is going away anytime soon. In fact, there are signs that ransomware and extortion is becoming an increasingly mainstream and monetized tool for criminal organizations. That means it will continue to be a more immediate threat to businesses. After all, ransomware and other forms of crimeware threaten data loss or public exposure, and that can be devestating for businesses of any size. And while the largest companies are generally the juiciest targets for ransomware, the expanding accessibility of these viruses means that they could see more deployment against small- and mid-sized businesses. While the importance of strong cybersecurity can't be understated, there's no way to counteract the risks entirely. That means that you should take measures to mitigate damage in case the worst happens. A backup plan is essential, and hardware like SecureDrive are some of the best options for keeping the backup data on your hard drives secure.
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