5 Major Cybersecurity Threats For 2020 Identified In Straight Edge Technology Report

To help businesses prepare their IT security for 2020, Straight Edge Technology released a report naming five major cybersecurity threats and their solutions for 2020 and beyond.

According to the report, approximately 43% of today’s cyberattacks target small businesses. This barrage of cyberattacks on small and medium-sized businesses will only increase as more data is stored on online servers and the Cloud.

The report states that employee education is critical to business security. Modern hackers focus on social engineering attacks that target employees and rely on human error. In fact, 93% of data breaches come from social engineering attacks.

Training employees on the strategies and tactics of social engineering cyberattacks can greatly increase a business’s cybersecurity.

In the report, found here, Straight Edge Technology identifies the following five major cybersecurity threats for businesses in 2020:

  • Phishing – Hackers use false identities to trick employees into giving sensitive information. The most common methods are through email, social media and instant messaging.​
  • Malware and Ransomware – Hackers exploit security flaws to steal, freeze or destroy data.
  • Database Exposure – Hackers access databases with stolen credentials or through unprotected servers. This gives hackers access to data that they can steal.
  • Credential Stuffing – Hackers access multiple programs with weak and insecure login credentials. This is most common when the same login credentials are used for multiple programs.
  • Accidental Sharing – Employees accidentally release data that hackers can access and steal. Human error is usually the cause of accidental sharing.

The report includes the solutions and strategies businesses can implement to protect their IT from these threats. It also includes a brief history of cyberattacks and four common cyberthreats.

For questions on cybersecurity or the report, feel free to contact Straight Edge Technology.

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