There was 54 percent increase in data breaches in 2019 as compared to 2018. And in 2020, we will see large increase in the number malware focused on mobile phones, a new report has predicted.
With 5G and Internet of Things (IoT) devices arriving on the horizon, data speed will increase but the speed of cyber attacks would also rise, said the report from leading accounting and consulting firm.
"Threat actors are expected to deploy advanced Artificial Inteligence (AI)-led attacks too boost the speed and impact of their campaings. IOT wil throw new challenges to data security", said the report titled 'Cyber trends in 2019 and Predictions for 2020'
"Cyber attacks are on the rise and will continue t rise. It's not a matter of if, but a matter of when. A framework-driven approach with continuous monitoring will help cpmpanies mature their cybersecurity posture and address incidents proactively".
According to the report, cybersecurity incidents including cyber bullying have skyrocketed by more than six times from the last year and data analytics will be critical to predict crime patterns and to reduce cybercrimes.
The report expects the number of smartphone users in India to reach 673 million this year.
"Every 14 seconds, a ransomware attack was carried out on companies in 2019 while 71 per cent of reported breaches were financially motivated," the report said.