Cybersecurity in the Internet of Things (IoT) World: 5 Most Common Types of Threats in 2020

According to predictions, In 2020 there will be around 30 billion actively connected-devices.

Internet of Things is described as a network of physical objects which are interconnected through the internet and these objects (or devices) have the ability to send data over the network without having any connection with humans.

IoT devices are continuously collecting our information in the form of personal and business data, and this data will exist in the cloud, and hence any weak link in the security chain will provide hackers thousands of possibilities to hack this vulnerable data of users. 

What is Cybersecurity?

Cybersecurity or information technology security system refers to the protection body of computer systems which includes hardware, software, programmed devices, electronic data from potential theft, cyberattacks, or misdirection of the services they provide in case. 

Threats in Cybersecurity

According to the Gallup study in 2018, 71% of Americans say that they frequently fear that computer hackers will access all their personal and financial data and 67% of those are worried about identity theft. Here are some of the challenges in Cybersecurity to overcome in 2020.

There are many threats for cybersecurity, but I am listing 5 most common types of threats to cybersecurity.

Source: Analytics Steps

1. Ransomware Attacks: Ransomware is a kind of malware that is used by attackers for financial gain, it blocks access to computers using encryption. Ransomware can be hidden in links with a normal email or on the web browser, once it gets activated you can not access your files, data or computer until a ransom is paid. 
2. Botnet Attacks: Botnet is a number of devices inter-connected infected by malware whereby attacked computer system becomes attacker itself that the cybercriminal can remotely manage. 
3. Denial of Service: A Denial of Service (DoS) attack is meant to shut down machines or networks, preventing its users from accessing services. 
4. Identity Theft: Identity theft has become one of the fastest-growing cybercrimes in the world today. It is used to usually perform financial thefts using or transactions another accounts name. 
5. Social Engineering Attacks: If you are running an online business like a blog post website, social media indeed can do wonders for your business as well as an individual. Social engineering attack involves some kind of psychological manipulation of targeting user to reveal sensitive data of their organizations. 

Want to read more about Cybersecurity in detail? read my full blog here.

Source: Analytics Steps