Cyber attacks are growing in prominence every day - from influencing major elections to crippling businesses overnight, the role cyber warfare plays in our daily lives should not be underestimated.
In fact, billionaire investor Warren Buffett claims that cyber threats are the biggest threat to mankind, and that they are bigger than threats from nuclear weapons.
We have compiled a list of top 5 cyber security threats to watch out for in 2018:
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 2018.
Hacks of Mobile Payment Systems
With Apply Pay, Google Wallet, and other mobile payment systems, consumers don't even need to carry their wallet in to order to make transaction, which is great for malware authors who want to steal funds.
Chip-and-PIN Card Attacks
Each card has a chip that proves it is a legitimate back card and generates a one-time transaction code with each purchase. But while chip-and-PIN cards helps prevent in-store purchase fraud they can't do much for online purchases.
For a while in 2017 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 2018, cloud hacks will still be a major issue.
For hackers that don't feel like taking the time to use the day they steal from major corporations, extortion hacks or cyber shakedowns are the new trend. And we we're not talking about the cyber shakedown that locks you out of an account until you pay a ransom. We're talking about threatening to release data from major corporations unless a ransom is paid.
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