The Top Cybersecurity Trends to Watch in 2021

Last year, the corporate world was witness to high-profile data breaches, sophisticated cyberattacks against individuals, government agencies, companies, and governments. 2020 was a hard lesson for organizations and enterprises. Although some organizations were aware of the importance of cybersecurity, many struggled to implement necessary security precautions. The year was marked by a global pandemic, economic crisis, and new challenges that presented businesses with new and unexpected ways to work that challenged the established norms. Here are the top cybersecurity trends for 2021.

IoT-related threats are constantly increasing
In 2021, IoT devices are expected to increase in popularity. IoT (Internet of things), offers many benefits to organizations, including productivity as well as cost-effectiveness. It is also vulnerable to security threats and easy targets for hackers. According to “Security Today,” the number of IoT devices is expected to rise to 35 Billion by 2021, according the report.
IoT-related threats are growing rapidly due to the increase in IoT users. To hack into corporate networks, attackers target consumer devices.
According to SonicWall, there was a 66% increase in IoT malware detection for 2020. This shows how often cybercriminals target remote workers and home networks. It will be difficult for organizations to defend themselves against IoT-related attacks in the coming year.

Source: SonicWall Cyberthreat report 2021
Ransomware Threats :
Ransomware was a threat that targeted individuals, organizations, healthcare systems, government agencies and government agencies in 2020. Ransomware campaigns like ‘Sodinokibi’ and ‘Ryuk’ were at the top. Double-extortion ransomware was used by the attackers. Cybercriminals use double-extortion to encrypt sensitive data of organizations and threaten them with leaking it if they don’t pay the ransom. Even if the victim organizations are successful in recovering their data encrypted and restored, they still need to pay the ransom to prevent it from being made public. Healthcare organizations were the main victims of ransomware attacks in 2020, when there was a global pandemic. Attackers took the data of patients at various healthcare centers and demanded bitcoin payments. These tactics could become more common in 2021. Researchers also suspect a correlation between ransomware attacks, and the rising price of bitcoins. If true, ransomware could be a growing market in near future.
Cybersecurity ventures predict that ransomware attacks will cost $20 billion worldwide by 2021.

Source: Cybersecurity Ventures Report, 2017.
Cloud-related Security Threats
Cloud services are becoming increasingly popular among organizations due to their flexibility and scalability, regardless of their size. New security issues have arisen with the transition to cloud computing. Every business information is now available online thanks to the cloud. This has opened up new opportunities for sophisticated attacks and given rise to new targets. Attackers use Kubernetes, as well as other data science tools such AWS Glue and Sage Maker, to carry out attacks. Misconfiguration, unauthorized entry, data breaches, and an insecure API (Application Programming Interface) are some of the most serious cloud security problems. To prevent data leaks, security measures for cloud platforms must be continuously monitored.
Analysys Mason’s survey found that small and medium businesses will spend more on cloud security in the future and will reach USD 20 millions by 2024.

Source: Analysys Mason 2020
Growing Supply Chain Attacks
Third-party attacks are also known as Supply Chain Attacks. This type of attack involves attackers breaking into security infrastructures within organizations.