Top 5 Cybersecurity Threats to Watch Out for in 2017

Paying for purchases with cash. Who does that anymore? Parallel parking your own car? Just buy one that does it for you. As technology advances, so does our desire to use technology in every aspect of daily life. From mobile payment platforms to self-driving vehicles, technological advancements have begun to replace human methods. But these advancements don’t come without downfalls, especially when it comes to cybersecurity.

(Source: freepik)

Technological advances aren’t exclusive to conveniences. As companies continue to develop methods to make our lives easier, hackers continue to develop more sophisticated ways of stealing our information and our money.

Here’s what you should be watching out for in 2017:

1.) Information Theft — The act of information theft isn’t new, but the methods hackers are using to steal information are only becoming more sophisticated. Information theft is not something to be taken lightly in 2017. In fact, in 2015, over half a billion personal information records were stolen from companies. And these are large companies with cybersecurity measures in place. It used to be that shredding your mail before you threw it in the trash was the best way to prevent your information from being stolen. But with the rise of technology and the prominence of the Internet, it just isn’t that simple anymore.

2.) Hacks of Mobile Payment Systems — With Apple Pay, Google Wallet, and other mobile payment systems, consumers don’t even need to carry their wallets in order to make transactions, which is great for malware authors who want to steal funds. But you don’t only need to be concerned about your personal account. Hackers who have learned to attack mobile payment methods
may use that knowledge to tap into corporate networks.

3.) Chip-and-PIN Card Attacks — If you don’t have one already, it’s only a matter of time before your bank sends you a chip-and-PIN card. Chip-and-PIN were developed as an attempt to thwart data theft and provide consumers with a more secure way to make transactions. Each card has a chip that proves it is a legitimate bank card and generates a one-time transaction code with each purchase. But while chip-and-PIN cards help prevent in-store purchase fraud they can’t do much for online purchases. According to Wired, we can expect phone and online card fraud to increase this year .

4.) Cloud Hacks — For a while in 2016 it seemed like you couldn’t watch the news without hearing about cloud hacks — from celebrities’ cell phones to major corporations’ data storage. And unfortunately, in 2017, cloud hacks will still be a major issue. Hacking into the cloud simply isn’t as difficult as you would think. And even for cloud storage with extensive security measures in place, hackers have developed malware and mobile apps that make stealing private information relatively simple.

5.) Extortion Hacks (cyber shakedowns) — For hackers that don’t feel like taking the time to use the data they steal from major corporations, extortion hacks or cyber shakedowns are the new trend. And we’re not talking about the type of cyber shakedown that locks

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