In an annual report, the global leader in cybersecurity provides an insight into the threat landscape that lies ahead of users and enterprises
MANILA, Philippines – As the world becomes more interconnected and digital, users and enterprises will brave new threats that take advantage of systems’ weaknesses in 2018, according to Trend Micro, Inc.
In a report titled “Paradigm Shifts: Trend Micro Security Predictions for 2018,” the global leader in cybersecurity forecasts the prevalence of digital extortion, business email compromise, and fake news, among others.
“In today’s increasingly interconnected environments, users and enterprises in the Philippines stand as vulnerable as the rest of the world to different forms of cybercrime,” said Myla Pilao, director for technology marketing at Trend Micro.
Digital extortion will define most cybercriminals’ business model and pave the way for new schemes. Vulnerabilities in IoT devices such as drones, wearables, and medical devices will expand the attackers’ ground.
Losses from Business Email Compromise (BEC) will exceed US$9 billion next year. Fake news, which Trend Micro expects to continue spreading, will add to risks faced by enterprises as it can be used to damage the reputation of companies for competitive purposes.
Machine learning and blockchain technologies will bring benefits as well as pitfalls to enterprises. Machine learning, in particular, can enhance security solutions but comes with blind spots that cybercriminals will exploit at an increased rate.
On the regulatory front, Trend Micro expects companies to take definitive actions to comply with the European Union’s General Data Protection Regulation only when the first high-profile lawsuit is filed.
“The threat landscape is constantly evolving and shifting with the emergence of new technologies,” Ms. Pilao said. “The expected prevalence and rise in cybercrime in 2018 only illustrates the importance of investing in security.”
Enterprises and users alike will have to take a multilayered approach to minimize the risk of compromise, given the widening range of threats.
“Enterprises and users must have a connected threat defense – from the email and web gateway to the endpoint – to ensure maximum protection against the constantly evolving threats,” Ms. Pilao said.
Learn more about what’s ahead in the digital world by reading through the complete report here. Check out the Breaking Security News and Intelligence page on Trend Micro’s website as well for other researches, security news, and free webinars.
ABOUT TREND MICRO
Trend Micro Incorporated, a global leader in cyber security solutions, helps to make the world safe for exchanging digital information. Its innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All its products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control, enabling better, faster protection. With more than 5,000 employees in over 50 countries and the world’s most advanced global threat intelligence, Trend Micro enables users to enjoy their digital lives safely. For more information, visit www.trendmicro.com.