Trend Micro says, Sophisticated cyber attacks on cloud will dominate in 2019

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A Japan-based cybersecurity firm, Trend Micro on Friday released its cybersecurity reports, in which it said that “In 2019, the hackers will use more sophisticated tools for hacking, especially in new technologies like Cloud

The trend in its report said “The vulnerabilities will be found more in Cloud infrastructure, such as containers and weak cloud security measures will allow more exposures for cryptocurrency mining.

Trend Micro, Vice President of Cybersecurity, Greg Young said that “As we head into 2019, organizations must understand the security implications of greater cloud adoption, converging IT and OT, and increasing remote working.” He also said that “Cybercriminals will continue to follow a winning formula – exploiting existing flaws, social engineering, and stolen credentials – to drive profits.”

The report stated that “As both the corporate attack surface and unknown cyber attack increases, it is more important than ever for organizations to put more resources behind employee education to help them protect against these growing attacks.”

Adding to the report, Trend Micro said that “The attackers will continue to rely on known vulnerabilities that remain unpatched inc corporate networks for 99.99 percent of exploits.”

Nilesh Jain, Vice President of Trend Micro for India and South Asia, said that In 2019, enterprises should not look for a silver bullet, but a mix of threat defense techniques that complement each other and work together, as the full range of known and unknown risks can never be addressed by one single technology.”

Attackers will also implement emerging technologies like Artificial Intelligence (AI) to anticipate the movements of executives better.

The report also said that “The attack will also lead more targeted phishing message, which can be critical to Business Email Compromise (BEC) attacks.” The report also said that “The BEC attacks will target more employees who report to C-level executives, which will result in global losses.”