Top 10 Cybercrime and Cybersecurity Trends for 2021

Top 10 Cybercrime and Cybersecurity Trends for 2021

1. Sophisticated Ransomware Attacks to SurgeRansomware-as-a-Service (RaaS) will become readily available to anyone capable of buying Bitcoin or other digital currencies. Contrasted to countless money-losing startups, today’s cybercrime scene is characterized by maturity, effective division of labor and high profitability: some groups develop sophisticated malware, others prepare large-scale attacks, or provide multilinguistic phone support for victims in order to facilitate payment of ransom in Bitcoin.Newly recruited cyber offenders get generous payments for delivering or spreading malware, being paid per infected device or with a percentage of the extorted ransom. The global economic downturn, caused by the spiraling pandemic, will steadily push impoverished young professionals and talented IT students into cybercrime. The dark side guarantees a solid and stable income, while offering virtually absolute impunity for the reasons described below. Furthermore, most of the ransomware attacks in 2021 will not just encrypt the data but steal it and then delete backups thereby imposing even more compelling incentives to pay. Worse, payment of a ransom will not necessarily prevent your data from eventually being sold on the Dark Web.


2. Compliance-Driven Cybersecurity Spending to DominateFollowing data privacy trends set by the European GDPR, both California’s Consumer Privacy Act (CCPA) and New York’s Stop Hacks and Improve Electronic Data Security Act (“SHIELD Act”) went into effect in 2020. Akin to its European sibling, the US state laws impose thorough cybersecurity requirements on the affected organizations, including holistic IT asset inventory, continuous monitoring, and regular security testing. More US states, including Maine and Nevada, also have either already passed a state data privacy law or have it scheduled for 2021.Mushrooming regulations usually come with formidable monetary sanctions and even criminal penalties for major or persistent non-conformities. We expect more organizations to start rapidly investing into their cybersecurity and data protection to avoid regu ..

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